The Silicon Valley Bank meltdown may incite the Federal Reserve to cut rates by 100 basis points by December to prevent contagion in the financial system, Larry McDonald said. That would mark a sharp reversal from the central bank's current course of aggressive tightening to rein in inflation. Rate ...

Friend of Fringe Finance Mark B. Spiegel of Stanphyl Capital released his most recent investor letter last week, with his updated take on the market’s valuation and Tesla. Mark is a recurring guest on my podcast (and will be coming back on again soon hopefully) and definitely one of Wall Street’s ic...

Pakistan's government has ordered shopping centres and markets to close early every day as the country faces an economic crisis. Defence minister Khawaja Asif says the measures will save the South Asian nation around 62bn Pakistani rupees ($274.3m; £228.9m). Pakistan generates most of its power usi...

On the evening of 26 December, China released new guidelines to significantly relax its Covid control policy for domestic infections and inbound travelers, effective 8 January 2023. As reported previously, key measures include i) removing quarantine requirements for Covid cases, ii) abandoning the r...