The global economy has likely been spared a US debt default. It still faces a mountain of risks | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 95%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

'There is already evidence that economic growth is stuttering in the United States and China — the world’s number one and two economies,' writes Hanna Ziady | Analysis

US lawmakers in the House of Representatives passed a bipartisan bill Wednesday to raise the debt ceiling and allow the government to continue to pay its bills. It still requires the approval of the Senate, but the risk of a catastrophic default that could have sparked a global market meltdown has all but disappeared.

At the same time, interest rate hikes make loans and mortgages more expensive, which weighs on spending by businesses and households. The effect of higher borrowing costs has yet to be fully realized. In a report Wednesday, Deutsche Bank said a wave of defaults among US and European companies was “imminent” because of the tightest monetary policy in 15 years, combined with high debt levels and lower profitability. Deutsche’s analysts said the wave would not peak until late 2024.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 4. in DE
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Elizabeth Holmes set to report to prison | CNN BusinessElizabeth Holmes is set to report to prison on Tuesday, capping off a stunning downfall for the disgraced founder of failed blood testing startup Theranos.
Herkunft: CNN - 🏆 4. / 95 Weiterlesen »

US home prices rose in March for the second month in a row | CNN BusinessUS home prices rose slightly in March, showing a continuing recovery, according to the latest S&P CoreLogic Case-Shiller US National Home Price Index, released Tuesday.
Herkunft: CNN - 🏆 4. / 95 Weiterlesen »

AI industry and researchers sign statement warning of 'extinction' risk | CNN BusinessDozens of AI industry leaders, academics and even some celebrities on Tuesday called for reducing the risk of global annihilation due to artificial intelligence, arguing in a brief statement that the threat of an AI extinction event should be a top global priority.
Herkunft: CNN - 🏆 4. / 95 Weiterlesen »

These companies are winners in the debt ceiling deal | CNN BusinessThe debt ceiling deal in Washington did not set off a celebration in the stock market. But the bipartisan compromise is causing fireworks for some companies that have emerged as winners.
Herkunft: CNN - 🏆 4. / 95 Weiterlesen »

What Elizabeth Holmes' life in prison could look like | CNN BusinessOnce a Silicon Valley icon and paper billionaire, Elizabeth Holmes will now have to wake every morning at 6 a.m., hold a job paying as little as $0.12 an hour, and share bathing facilities at a prison camp in southern Texas.
Herkunft: CNN - 🏆 4. / 95 Weiterlesen »