Strategist Expects US Recession by Year-End, Fed Tightening to Drag Down Economy
Investment bank MPS Capital Services has warned that the U.S. economy will be in a recession by year-end. The firm’s strategist predicts that the Federal Reserve will raise interest rates by an additional 25 basis points, warning that the central bank’s monetary tightening “will drag down on the economy.” Strategist’s Recession and Rate Hike Predictions Luca Mannucci, head of Market Strategy at MPS Capital Services, has warned that...
Committee Advises SEC to ‘Aggressively Assert Authority’ Over Crypto — Says Virtually All Crypto Tokens Are Securities
The U.S. Securities and Exchange Commission’s Investor Advisory Committee has advised the SEC to “aggressively” assert authority over crypto assets that are securities. The advisory committee believes that “virtually all, if not all, crypto tokens are securities,” urging the regulator to “make crypto asset-related enforcement a top priority.” SEC Urged to ‘Aggressively’ Assert Authority Over Crypto Securities The U.S. Securities and...
Economist Harry Dent Expects Biggest Crash in Our Lifetime to Hit Between Now and Mid-June
Harry Dent, economist and author of several best-selling books, has warned that the biggest crash in our lifetime is “going to hit between now and about mid-June.” He stressed: “People are going to know this is not a big correction — it is a major crash, one that you have not seen … in your lifetime.” Harry Dent’s ‘Biggest Crash’ Warning The founder of HS Dent Investment Management and author of several best-selling books, Harry Dent,...
JPMorgan CEO Jamie Dimon Says Banking Crisis Not Over — Warns of ‘Repercussions for Years to Come’
JPMorgan Chase CEO Jamie Dimon says the U.S. banking crisis is not over and “there will be repercussions from it for years to come.” The executive added that recent bank failures “have significantly changed the market’s expectations,” and the odds of a recession have increased. JPMorgan CEO Jamie Dimon on U.S. Economy, Recession, and Banking Crisis Jamie Dimon, chairman and CEO of JPMorgan Chase, shared his concerns regarding the U.S....
Reddit Banned 5,853 Users for Excessive Copyright Infringement Last Year
Every day, millions of people from all over the world submit posts, comments, and other content to Reddit. The social news and discussion platform has been around for more than 17 years and over time its popularity has only increased. With Reddit about to reach adulthood, the site has certain responsibilities. In recent years, these have included the publication of a transparency report documenting how various legal policies affect...
