Archives for

Standard Poor

Britain just voted out of the EU … What’s that mean for America?

Britons have voted to leave the European Union, an outcome that has shocked global financial markets, sending stocks plunging and sovereign bonds and the U.S. dollar sharply higher. The decision is expected to have global implications, some of which may take years to play out. Here are some effects Americans can expect to feel as

Corporate Debt Defaults Explode To Catastrophic Levels Not Seen Since The Last Financial Crisis

Michael Snyder, If a new financial crisis had already begun, we would expect to see corporate debt defaults skyrocket, and that is precisely what is happening.  As you will see below, corporate defaults are currently at the highest level that we have seen since 2009.  A wave of bankruptcies is sweeping the energy industry, but

Jobless Claims in U.S. Unexpectedly Climb to Nine-Week High

 Applications for U.S. unemployment benefits unexpectedly climbed to a nine-week high, underscoring the difficulty adjusting the data for seasonal variations such as the Easter holiday and spring recess at schools. Jobless claims rose by 14,000 to 344,000 in the period ended April 26, the highest level since Feb. 22, Labor Department data showed today in