Tuesday, January 17, 2023

The world has a major debt problem. Is a reset coming?

The world is in debt. A record amount of debt. Three hundred trillion dollars, to be exact.
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The world has a major debt problem. Is a reset coming?
The world is in debt. A record amount of debt. Three hundred trillion dollars, to be exact. Read more »
 
Elon Musk is being sued over his 'funding secured' tweet. Here's what you need to know
A four-year old tweet from Elon Musk has the Tesla CEO back in court starting Tuesday. Read more »
 
Intel CEO: Chip supply chains will shape geopolitics more than oil over the next 50 years
Global politics will be dominated by the availability, trade and investment in microchips for the next several decades, Intel CEO Pat Gelsinger told CNN Tuesday. Read more »
 
Crypto is a 'hot ball of money' with very little intrinsic value, hedge fund says
Crypto's biggest critics often argue that the digital assets have virtually no intrinsic value, that the technology underlying it has failed to prove its usefulness, and that the market for digital currency is built on little more than hype. Read more »
 
Goldman Sachs and Morgan Stanley both hit hard by deal drought
Let's not make a deal? Investment banking powerhouses Goldman Sachs and Morgan Stanley both reported substantial drops in revenue and profit for the fourth quarter on Tuesday, largely due to the dearth of merger activity and initial public offerings in the final three months of the year. Read more »
 
China posts one of its worst economic performances in decades because of Covid
China's economy expanded by just 3% in 2022, far below the government's own target, marking one of the worst performances in nearly half a century. Growth was impacted heavily by months of widespread Covid lockdowns and a historic downturn in the property market. Read more »
 
 
 
 
Dow Nasdaq S&P
0.00   0.00   0.00
34,302.61   11,079.16   3,999.09
0.00%   0.00%   0.00%
YTD +3.49%   YTD +5.85%   YTD +4.16%
 
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Oil $78.85 -1.01 / -1.26%
Gold $1,918.30 -3.40 / -0.18%
10-yr 3.51% 0.00
Euro $1.08 -0.00 / -0.01%
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