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Financial System
From: zerohedge Wall Street Interns Are Making Up To $16,000 A Month | ZeroHedge As we have documented in the past, there is ravenous competition for talent on Wall Street, as large investment banks juice up perks to try and retain workers. Now, even interns are seeing the benefit. Some interns are even making as […]
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From: zerohedge Futures Flat As Yen Discombobulation Extends To Record 13th Day | ZeroHedge After some jerky rollercoaster moves in Monday’s illiquid trading session, which jerked both higher and lower before closing modestly in the green, US futures resumed their volatility and at last check were trading flat after earlier in the session rising and […]
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By Tyler Durden, Authored by Wolf Richter via WolfStreet.com, There are other types of stock market leverage, and no one knows how much leverage there is in total. Margin debt is the only reported indicator… Margin debt – the only type of stock market leverage that is reported regularly – dropped by another $36 billion, […]
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By Tyler Durden, While most analysts and traders were digging through Goldman’s stronger than expected Q1 earnings report which beat on revenue and EPS, and despite some weakness in investment banking more than redeemed itself with stellar FICC numbers, thanks this time to the Commodity not Credit “C“… … which sent Goldman stock higher, for the third quarter in […]
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By Tyler Durden, An odd thing happened this week: for obvious reasons, Russian usage of the Chinese yuan has been booming in recent weeks, with the Nikkei reporting that Russia boosted yuan holdings over dollar just before the invasion (having previously dumped all of its Treasury holdings all the way back in 2018 telegraphing what was coming to anyone […]
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By Tyler Durden, Update (1400ET): UK authorities are aggressively pursuing assets belonging to Roman Abramovich to such an intense degree that they have even decided to freeze £10 billion ($13.1 billion) of his assets. Here’s the FT with more: The UK is to freeze an estimated £10bn of assets held by two longstanding business associates of Roman Abramovich, […]
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By Tyler Durden, Was that it for the oil plunge? Having nearly reversed all of the post-Ukraine gains following its latest 4% drop on Monday, oil staged a powerful recovery on Tuesday as traders weighed China’s demand outlook following the easing of some virus restrictions in the financial hub of Shanghai, while tensions over the […]
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By Tyler Durden, California electricity rates are increasing far faster than the rest of the country. Last year, electricity prices rose 1.7 times faster than the rest of the county, and residential prices jumped 2.7 faster. These increases are terrible news for residents who want to swap their combustion engine vehicles for electric ones. […]
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By Tyler Durden, On Saturday, rating agency S&P cut its rating on Russia to “Selective Default” on Saturday after the Russian government said last week that it had repaid about $650 million in dollar-denominated debt in rubles (the payment was contractually due in dollars but Russia claims that sanctions make payment impossible). The downgrade to what is […]
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By Tyler Durden, The poor are suffering most from inflation, even though their wages have risen by the largest percentage… as the ‘money illusion’ takes hold across America… Money illusion is an economic theory positing that people have a tendency to view their wealth and income in nominal dollar terms, rather than in real terms. In other words, it is assumed that people do […]
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