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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
With a June Federal Reserve interest rate hike likely off the table following Friday’s dismal jobs data, U.S. equity investors may shift their focus again to whether the economy is losing too much steam to allow stocks to advance. Investors will comb economic data over the next few weeks to see if the weak payrolls
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
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
Shares of Russian companies traded in the U.S. are plummeted Monday as the country’s military forces streamed into Ukraine, raising the possibility of sanctions by Western governments. U.S. Secretary of State John Kerry told Russian President Vladimir Putin that he may “find himself with asset freezes on Russian business.” There are also talks of boycotting