Credit Suisse warns of a loss of $1.6 billion after customers withdraw funds

Credit Suisse C.S -1.45% Group AG warned it would lose about $1.6 billion in the latest quarter after customers withdrew their investments and deposits over concerns about the bank’s financial condition. Switzerland’s No. 2 bank by assets said outflows were about 6% of its $1.47 trillion in total assets, or about $88.3 billion, between Sept. … Read more

Organic Regenerative Medicine: Responds to Recent Promotional Activities According to OTC Market Demand – Form 8-K

Organicell Regenerative Medicine, Inc. For recent promotional activities according to the demand of OTC markets Davie, FL – November 21, 2022 – Organicell Regenerative Medicine, Inc. (OTCQB: OCEL) (“ORGANICAL OR THE COMPANYOrdered by OTC Markets Group, Inc. (“OTC markets) to issue this statement of promotional activity relating to its regular inventory. On November 17, 2022, … Read more

Strong chip US export restrictions to China are hurting now, but should prove bullish over the long term

It is understandable why the United States felt the need to act quickly to get powerful semiconductors out of the hands of the Chinese government. Better to move from a position of strength before it’s too late. However, as shareholders of chip stocks, this still hurts. As you may recall, the Nvidia Club (NVDA) was … Read more

Is the Western diet killing us slowly? Join us in conversation with Dr. Charles Platkin

“Obesity-related illnesses, heart disease, stroke, type 2 diabetes, certain types of cancer – it’s really diet-related… and it has a huge impact. One in three adults [in the US] overweight, more than two in five adults are obese, and one in 11 adults are obese,This is likely to get worse before it gets better because … Read more

The global stock market rally may be about to face the reality of recession

Professional traders work inside a site on the floor of the New York Stock Exchange (NYSE) in New York City, November 10, 2022. Brendan McDiarmid | Reuters Global stock markets have rebounded on hopes that central banks will soon start slowing their aggressive rate hikes as inflation shows signs of peaking, but strategists are not … Read more

FTX says it could have more than 1 million creditors filing for a new bankruptcy

The FTX logo with cryptocurrencies is shown along with a $100 bill for clarity. FTX has filed for bankruptcy in the US, seeking court protection as it searches for a way to return funds to users. Jonathan Ra | Norphoto | Getty Images Beleaguered cryptocurrency exchange FTX may have more than 1 million creditors, according … Read more

Regulators are looking to reduce the treasury market’s dependence on major bank dealers

organizers Looking to expand trading In the massive $24 trillion market for US Treasury securities, a potential shift of power away from the small club of big banks that has dominated the market for decades, according to a federal report released Thursday. Regulators have been on high alert about market stability since March 2020, when … Read more

October CPI saw inflation rise even as the prices of some commodities fell

Consumer inflation may have eased slightly in October with lower prices for goods, but prices for services and rents are expected to continue to rise. Economists expect October’s CPI to rise 0.6% from September, or 7.9% from a year ago, up from 0.4% or 8.2% annually in September, According to Dow Jones. Excluding food and … Read more

Iron ore prices fluctuate as China’s real estate market continues to stagnate

Adelaide, Australia – Iron ore prices have fallen to their lowest level in three years sharp deceleration In Chinese home construction it combines with Beijing’s zero-Covid strategy to reduce the demand for the commodity of the steel industry. The record price of iron ore – one of the world’s most traded commodities – fell 17% … Read more

Oil CEOs warn that next winter will be even worse

PCK Schwedt oil refinery in Schwedt, Germany, Monday, May 9, 2022. Christian Boxey | Bloomberg | Getty Images ABU DHABI, United Arab Emirates – Politicians and governments around the world are bracing for potential civil unrest as many countries struggle with rising energy costs and rising inflation. The global economy is facing an onslaught from … Read more