Nets risk ‘continuity’ with Ben Simmons’ return: Stan Van Gundy

Despite two defeats, Stan Van Gundy has marveled at the Nets’ competitiveness in the first two games against the Celtics. He views the Nets roster as hastily thrown together without time to blend. As such, even though he’s a big fan of Ben Simmons, Van Gundy can’t image the enigmatic 6-11 guard making much of … Read more

US banks build reserves on inflation risk, Russia; trading a bright spot

JPMorgan Chase & Co., Goldman Sachs Group, and Citigroup combined put aside $3.36 billion in credit loss reserves in the first quarter of 2022 WASHINGTON, USA – Some big US banks have again started stockpiling cash to cushion potential loan losses due to growing over the war in Ukraine and the impact of inflation on … Read more

Russia debt investors in limbo as default risk increases

If the cash does not show up in bondholders’ accounts within a 30-day grace period, expect bondholders to sue, experts say Investors in Russia’s international bonds face an uncertain path to recover their money Russia should ultimately default, while the country itself would face increased financial isolation and hurdles to investor confidence. Russia’s ability to … Read more

Carmakers face soaring metal costs with Russian supplies at risk

LONDON, United Kingdom – Saving up for a new ride? Better start putting more cash aside. Russia’s invasion of Ukraine is ramping up the price of metals used in cars, from aluminum in the bodywork to palladium in catalytic converters to the high-grade nickel in electric vehicle batteries, and drivers are likely to foot the … Read more

Nets landing in play-in could risk consequences for Nash, roster

CHARLOTTE, NC — An iconic New York champion once said you are what your record says you are. Right now, the Nets’ record is decrying them as a losing bunch. Their place in the standings is labeling them a play-in team. Many NBA fans are mocking them as one of the league’s biggest disappointments. They … Read more