Japan to avoid recession, but Q2 growth forecasts cut sharply
Japan’s economy likely grew and avoided slipping into recession this quarter but an extension of emergency measures to stem a rise in coronavirus infections has dented the growth outlook, a Reuters poll showed.
Mizuho’s corporate culture to blame for serial system failures, probe finds
Mizuho Financial Group Inc’s (8411.T) corporate culture is to blame for its long history of tech system failures, creating an atmosphere where managers are reluctant to express opinions and unable to respond well to crises, an investigation found.
Crypto sees 2nd week of outflows; ether posts record outflows -CoinShares
Cryptocurrency investment products and funds saw outflows for a second straight week, with ether posting record outflows as institutional investors took a step back, data from digital asset manager CoinShares showed on Monday.
S&P 500, Nasdaq hit record closing peaks on eve of Fed meeting
The S&P 500 and Nasdaq eked out record high finishes on Monday, despite most traders being focused on this week’s Federal Reserve meeting and not on adding to existing positions.
JPMorgan stockpiling cash, waiting for interest rates to rise -CEO
JPMorgan Chase & Co (JPM.N) Chief Executive Jamie Dimon said on Monday the bank is holding around $500 billion in cash, putting it in a position to benefit from higher interest rates.
Stocks tread water as investors await Fed policy insights
Global stock markets were mixed while U.S. Treasury yields ticked up on Monday, as investors waited for the results of a Federal Reserve policy meeting before making any major new bets.
‘Meme stock’ rally pauses, Redditors focus on biotech stocks
Small-time stock traders turned their attention to the biotech and healthcare sectors on Monday, lifting shares of some by as much as 10%, while the rally in stocks that were favored in recent weeks appeared to fade.
Back to the future: 2020s to echo roaring 20s or inflationary 70s?
The 2020s have only just begun but there is already a rush to draw parallels with the past, prompted by a belief that COVID-19 will mark a turning point for the world economy and financial markets.
Explainer: What’s at stake for markets as U.S. debt ceiling looms
The U.S. debt ceiling comes into effect at the end of July, putting pressure on the Treasury to reduce its cash balance ahead of the deadline. That means more injections of cash into a financial system already awash with liquidity, a scenario that could further sink short-term rates and cause undue distortion in the overnight repurchase market.
Bitcoin climbs near $40,000 after Musk says Tesla could use it again
Bitcoin climbed to shy of $40,000 on Monday, after yet another weekend of price swings following tweets from Tesla boss Elon Musk, who fended off criticism over his market influence and said Tesla sold bitcoin but may resume transactions using it.
