Daily News Links

8499 posts

Monday, May 8, 2023

General

• Stocks Mixed as Traders Assess Policy Path: Markets Wrap
  Yahoo/Bloomberg
• PacWest Leads Rally in Regional Banks After Slashing Dividend
  Yahoo/Bloomberg
• Gold firms, traders look to U.S. inflation data for Fed policy path
  Reuters
• Oil Kicks Off Week Higher as Traders Focus on Demand Factors
  Yahoo/Bloomberg
• Biden, McCarthy aim to break US debt-ceiling standoff as default crisis looms
  Reuters
• China’s Debt-to-GDP Ratio Rises to Record 279.7% on Credit Boom
  Yahoo/Bloomberg
• Russia launches mass strikes on Ukraine ahead of May 9 Victory Day holiday
  Reuters
• Ukraine says Russia has effectively stopped Black Sea grain deal
  Reuters
• German industrial output slumps, recession fears rise
  Reuters
• Sweden’s Property Crunch Worsens After SBB Gets Junk Rating
  Yahoo/Bloomberg
• World Markets Face ‘Minsky Moment’ Danger, Allianz Says
  Yahoo/Bloomberg
• Hedge Funds Face Into Bank Turmoil With Epic Short Treasury Bets
  Yahoo/Bloomberg
• In Debt Limit Talks, Biden and Republicans Start Far Apart
  NYT
• Chinese Foreign Minister Scolds U.S. Envoy Over Taiwan
  WSJ
• Political calculus complicates path to US debt ceiling deal
  FT
• German recession fears resurface as factory output falls
  FT

Sunday, May 7, 2023

Evening

• Stock futures are flat to start the week
  CNBC
• Yellen warns of 'constitutional crisis' if Congress fails to act on debt
  Reuters
• Yellen Says No Good Alternative to Congress Lifting Debt Cap
  Yahoo/Bloomberg
• Preferreds Get Burned in Historic Rout Spreading From Banks
  Yahoo/Bloomberg
• Bay Area housing market — once fueled by tech — cools amid layoffs
  Yahoo Finance
• Wagner group signals it will stay in Bakhmut after Prigozhin threatened to pull forces
  Reuters
• US debt ceiling debacle adds to economists’ fears of turmoil
  FT
• Western companies warn of hit from China’s slow recovery
  FT

General

• Senate Republicans oppose vote just to raise US debt ceiling, push for other priorities
  Reuters
• Russian forces evacuating town near occupied nuclear plant, Kyiv says
  Reuters
• China forex reserves rise to $3.205 trln in April
  Reuters
• Fed Is About to Find Out If It Can Afford to Pause Rates
  Bloomberg
• China’s Gold Splurge Reaches Sixth Month as Reserves Rise Again
  Bloomberg
• Air fares soar above inflation as carriers cash in on travel demand
  FT

Saturday, May 6, 2023

General

• Biden says not yet ready to invoke 14th Amendment to avoid debt default
  Reuters
• Wall St Week Ahead: US consumer price data to test feared stagflation scenario
  Reuters
• Wall Street is running away from the housing market. But why?
  Fortune
• Ukraine says it downed hypersonic Russian missile with U.S. air defence system
  Reuters
• Wild Week in Banks Sends Indexes of Cross-Asset Tumult Spinning
  Bloomberg
• Bank Turmoil Is Paving the Way for Even Bigger ‘Shadow Banks’
  NYT
• The Regional Bank Selloff Visualized
  WSJ
• Investors bet on ‘great divergence’ between Federal Reserve and ECB
  FT

Friday, May 5, 2023

Evening

• Bruised Banks Fuel Short-Covering Rally in Stocks: Markets Wrap
  Yahoo/Bloomberg
• Dow has best day since Jan. 6 after Apple rally, jobs data
  Reuters
• US regional banks rally, capping whipsaw week
  Reuters
• Treasury Yields Jump as Employment Data Cools Rate-Cut Fever
  Yahoo/Bloomberg
• ‘No One Wants to Be Short’ Into Weekend Is Mantra Driving Bank Rally
  Yahoo/Bloomberg
• US bank lending edges up in latest week, deposits fall, Fed data show
  Reuters
• US Bank Lending Rises for Fourth Week, Led by Small Institutions
  Yahoo/Bloomberg
• US Consumer Borrowing Climbs on Surge in Credit Card Balances
  Yahoo/Bloomberg
• Fed data flow for June meeting opens with a jobs gusher
  Reuters
• Fed Can Still Achieve Soft Landing, Bullard Says
  Yahoo/Bloomberg
• SEC Investigates Trades by First Republic Executives Before Sale to JPMorgan
  Yahoo/Bloomberg
• Binance Faces US Probe of Possible Russian Sanctions Violations
  Yahoo/Bloomberg
• Wages Grow Steadily, Defying Fed’s Hopes as it Fights Inflation
  NYT
• JPMorgan: the bank that never lets a crisis go to waste
  FT

General

• Bank Shares Surge After Chaotic Week; Apple Gains: Markets Wrap
  Yahoo/Bloomberg
• Treasury yields surge after much hotter-than-expected April jobs report
  CNBC
• Oil Rebounds After Slumping 10% This Week on Demand Concern
  Yahoo/Bloomberg
• China’s Weaker Builders Plunge on Regulatory Warning About Risks
  Yahoo/Bloomberg
• Job growth totals 253,000 in April, beating expectations even as the U.S. economy slows
  CNBC
• US adds a strong 253,000 jobs despite Fed’s rate hikes
  AP
• Americans haven’t been this worried about their bank deposits since the 2008 financial crisis
  CNBC
• U.S. bankers urge SEC to probe short sales, reduce 'abusive' trading
  Reuters
• Central bank gold demand hits first-quarter record, investments surge on U.S. banking turmoil
  CNBC
• Global equity funds see biggest weekly outflow in five weeks
  Reuters
• ECB Officials Get Behind Lagarde’s Pledge of More Rate Hikes
  Yahoo/Bloomberg
• China's services activity expands as consumers return - Caixin PMI
  Reuters
• China assures Russia, India of deepening 'cooperation'
  Reuters
• China's aircraft carriers play 'theatrical' role but pose little threat yet
  Reuters
• Marcos says Philippines bases could be 'useful' if Taiwan attacked
  Reuters
• Russia's Prigozhin says Wagner fighters will quit Bakhmut to 'lick our wounds'
  Reuters
• Analysis: Smoldering Iran nuclear crisis risks catching fire
  Reuters
• Is the Fed Done Raising Rates?
  WSJ

Thursday, May 4, 2023

Evening

• Wall Street ends down as PacWest fuels fears of deeper bank crisis
  Reuters
• PacWest stock plunges as US regional banking woes worsen
  Reuters
• Bank Drama Rages On With Fed Cut Wagers Mounting: Markets Wrap
  Yahoo/Bloomberg
• Fed Swaps Point to a Rate Cut by July, or Maybe Even June
  Yahoo/Bloomberg
• Debt limit deadline looms as Democrats, GOP spar on spending
  AP
• FDIC plans to hit big banks with fees to refill deposit insurance fund - Bloomberg News
  Reuters
• Pressure grows for US regulatory intervention as bank rout deepens
  Reuters
• Exclusive: U.S. officials assessing possible 'manipulation' on banking shares - source
  Reuters
• Dallas disrupted by hackers - courts closed, police and fire sites offline
  Reuters
• Recession Fears Abound, but the Fed Chair Bets This Time Is Different
  NYT
• Honey, the Fed Shrunk Global Dollar Credit
  WSJ
• Tett: Investors are waking up to America’s debt dysfunction
  FT
• US banks under fresh pressure as Nelson Peltz calls for Washington to stem crisis
  FT

General

• PacWest, First Horizon Slump, Reigniting Regional Bank Jitters
  Yahoo/Bloomberg
• Regional bank stocks continue to slide on Thursday with PacWest leading the way down 40%
  CNBC
• Western Alliance latest US bank to explore sale, Financial Times reports
  Reuters
• Gold firms as banking woes sustain stellar run
  Reuters
• Dollar falls after Fed signals pause; banking woes dent confidence
  Reuters
• Grains Steady After Surge as Markets Size Up Black Sea, Supplies
  Yahoo/Bloomberg
• European Central Bank raises interest rates but slows pace
  AP
• ECB Vows More Hiking to Come After Slowing Tightening Pace
  Yahoo/Bloomberg
• US claims for unemployment aid jump, but remain low
  AP
• Small business confidence rises slightly, but inflation, economic concerns dim outlook
  CNBC
• US Productivity Declines More Than Forecast, Labor Costs Climb
  Yahoo/Bloomberg
• What a Fed response to a US debt default could look like
  Reuters
• Fed recap: Here are Chair Powell’s market-moving comments after the latest rate hike
  CNBC
• Pushback Against Powell’s Prognosis Comes Almost Immediately
  Yahoo/Bloomberg
• China's factory activity skids in April on weak demand - Caixin PMI
  Reuters
• China Two-Speed Economic Recovery Fuels Concerns on Outlook
  Yahoo/Bloomberg
• China’s Factories Struggle in Further Sign of Economic Imbalance
  Yahoo/Bloomberg
• Moscow says US behind Kremlin drone attack, Russian forces target Kyiv
  Reuters
• Ukraine Latest: Explosions Are Heard in Kyiv, Other Areas
  Yahoo/Bloomberg
• Repaying ECB’s Cheap Pandemic Loans Risks Market Stress
  Bloomberg
• Europeans drain billions from banks, fed up with shrinking savings
  Reuters
• Global issuance of mortgage-backed securities falls to a 23-year low
  Reuters
• Goldman’s Role in Failed SVB Deal Under Review in US Probe
  Bloomberg
• Scrambling to Avoid Default, White House Weighs Debt-Limit Fallback Options
  WSJ
• ‘Getting close’: Federal Reserve chair seeds expectations for pause in interest rate rises
  FT
• Veteran of 1980s banks crisis hits out at sale of First Republic to JPMorgan
  FT
• Maersk warns of ‘radically changed’ world as profits tumble
  FT

Wednesday, May 3, 2023

Evening

• PacWest falls more than 50% after hours on report bank is weighing sale
  CNBC
• Stocks Drop as Powell Signals No Fed Cuts For Now: Markets Wrap
  Yahoo/Bloomberg
• Wall Street ends down on nagging uncertainty about Fed rate path
  Reuters
• Fed Can’t Protect US Economy From Debt Default, Powell Says
  Yahoo/Bloomberg
• Regional banks a focus for investors as Fed raises rates again
  Yahoo Finance
• The market is looking for the next ‘domino’ to fall, keeping banks under pressure
  CNBC
• Home prices rose more than previously thought in the first three months of 2023
  Yahoo Finance
• Ukraine Latest: Zelenskiy Denies Russian Claim of Kremlin Attack
  Yahoo/Bloomberg
• Federal Reserve implements quarter-point rate rise and signals potential pause
  FT
• Russia and Ukraine step up air strikes ahead of expected counter-offensive
  FT

Afternoon

• Stocks slide after Fed announces 0.25% rate hike: Stock market news today
  Yahoo Finance
• Stocks Fluctuate as Traders Weigh Powell’s Remarks: Markets Wrap
  Yahoo/Bloomberg
• Oil Plunges Below $69 as Pledged OPEC+ Cuts Fail to Dent Supply
  Yahoo/Bloomberg
• Fed increases rates a quarter point and signals a potential end to hikes
  CNBC
• Federal Reserve pushes interest rates above 5% for first time since 2007
  Yahoo Finance
• Fed expected to raise key interest rate amid banking turmoil
  AP
• US Service Industry Expands at a Modest Pace as Activity Cools
  Yahoo/Bloomberg
• Busted Banks Wipe Out $54 Billion of Stocks, Bonds During Turmoil
  Yahoo/Bloomberg
• How a US debt crisis standoff could cause a recession - a bad one
  Reuters
• Treasury Flags Bigger Sales as Soon as August, Buybacks in 2024
  Yahoo/Bloomberg
• Column: Quadruple whammy whips June Fed rate hike off the table
  Reuters
• Russia says Ukraine tried to kill Putin with night-time drone attack on Kremlin
  Reuters
• Big Hedge Funds Face New 72-Hour Deadline to Report Losses
  Yahoo/Bloomberg
• Icahn's investment firm sinks further, down 40% since Hindenburg attack
  Reuters
• Texas Power Demand Seen Shattering Summer Record in Test to Grid
  Yahoo/Bloomberg
• Argentina Reserves Slump to 7-Year Low as Crisis Deepens: Chart
  Yahoo/Bloomberg
• US Turns to Familiar Name to Clean Up $114 Billion Banking Mess: BlackRock
  Bloomberg

General

• Stocks climb out of the red as traders wait on the Fed
  Reuters
• US Regional Banks Slump as Rout Deepens on First Republic Flop
  Yahoo/Bloomberg
• Oil Sinks Below $70, US Regional Bank Rout Deepens: Markets Wrap
  Yahoo/Bloomberg
• Economic risks buoy gold above $2,000 as Fed verdict nears
  Reuters
• Private payrolls surged by 296,000 in April, much higher than expected, ADP says
  CNBC
• Mortgage demand drops as bank failures hit jumbo loan rates
  CNBC
• Rising turmoil is making Fed’s rate decisions more perilous
  AP
• Fed likely to hike rates, hint at pause in tightening cycle
  Reuters
• PNC promises up to $15 bln in short-term debt to provide additional liquidity
  Reuters
• Bank Pain Is Just Getting Started, Ex-Fed President Kaplan Says
  Yahoo/Bloomberg
• Top US CEO pay rose 7.7% last year, outpacing inflation, study finds
  Reuters
• China Isn’t Going to Save the World This Time, Macquarie Says
  Yahoo/Bloomberg
• Copper Mine Flashes Warning of ‘Huge Crisis’ for World Supply
  Yahoo/Bloomberg
• Ukraine Grain Deal Talks Set as Russia Threatens to Exit Pact
  Yahoo/Bloomberg
• Iran seizes second oil tanker in a week in Gulf -U.S. Navy
  Reuters
• China, Russia Fall Further Down World Press Freedom Index
  Yahoo/Bloomberg
• What to Watch at the Fed’s May Meeting
  NYT
• Federal Reserve poised to implement another quarter-point rate rise
  FT
• Three failed US banks had one thing in common: KPMG
  FT
• Washington signals support for South Korean chipmakers in US battle with China
  FT
• US investor interest in China cools as political tensions grow
  FT

Tuesday, May 2, 2023

Evening

• PacWest, Western Alliance shares tumble as US regional bank fears persist
  Reuters
• Indexes fall 1% as regional banks tumble, investors fret before Fed
  Reuters
• Oil Drops as Product Prices, Chinese Data Highlight Weak Demand
  Yahoo/Bloomberg
• Explainer: How the Fed might act in a U.S. default
  Reuters
• Druckenmiller Warns US Debt Crisis Worse Than He Imagined
  Yahoo/Bloomberg
• Canyon’s Friedman Sees ‘Carnage’ for Some Real Estate Sectors
  Bloomberg
• Carl Icahn’s Wealth Plunges $10 Billion on Hindenburg Short-Seller Report
  Bloomberg
• With Fed Set to Raise Rates, Executives Watch Consumers for Signs of Stress
  WSJ
• First Republic rescue fails to arrest slide in US regional bank shares
  FT

Afternoon

• Wall Street Rattled by 20% Plunge in Pair of Banks: Markets Wrap
  Yahoo/Bloomberg
• PacWest, Western Alliance Lead Regional Bank Stock Rout
  Yahoo/Bloomberg
• Traders Zero In on June US Default Risk, Push Yields Over 5%
  Yahoo/Bloomberg
• Bank stocks continue to fall following First Republic demise
  AP
• Inflation Has Firms Using Derivatives to Lock In Funding Costs
  Yahoo/Bloomberg
• Treasury Chief Janet Yellen Says U.S. Risks Default as Soon as June 1 Without Debt Ceiling Increase
  WSJ
• What a Fed Debate 17 Years Ago Reveals About Its Rate Deliberations Now
  WSJ
• Tight Supply Fuels Demand for Newly Built Homes
  WSJ
• First Republic rescue fails to arrest slide in US regional bank shares
  FT

General

• Dow falls 500 points as banking concerns linger, Fed decision looms: Live updates
  CNBC
• US regional bank stocks fall for second day as First Republic failure weighs
  Reuters
• T-Bill Yields Spike on X-Date With JOLTS in Focus: Markets Wrap
  Yahoo/Bloomberg
• Stocks on edge as traders wait on central bankers
  Reuters
• Oil Drops as Product Prices, Chinese Data Highlight Weak Demand
  Yahoo/Bloomberg
• Yen sinks to 15-year low vs euro as dovish BOJ contrasts with ECB
  Reuters
• Job openings fell more than expected in March to lowest in nearly two years
  CNBC
• Fed in stride to pole-vault 5% policy rate, then perhaps catch its breath
  Reuters
• US may default on June 1 without debt ceiling hike; Biden, McCarthy to meet
  Reuters
• Fast-approaching debt deadline jolts a flat-footed Congress
  Politico
• Australia central bank stuns with 25-bps hike, warns more might be needed
  Reuters
• Euro zone inflation picks up but core unexpectedly slows
  Reuters
• ECB Says Euro-Area Banks Curbed Credit by More Than Expected
  Yahoo/Bloomberg
• China Builder KWG’s Shares, Dollar Bonds Plunge After Default
  Yahoo/Bloomberg
• China's exit bans multiply as political control tightens under Xi
  Reuters
• China Renews Embrace of Maduro’s Venezuela as the US Looks On
  Yahoo/Bloomberg
• Why Many on Wall Street Fear the Banking Crisis Isn’t Over
  NYT
• Fed Will Decide Next Rate Move After Bank Jitters
  NYT
• Late-Night Negotiating Frenzy Left First Republic in JPMorgan’s Control
  NYT
• In an Unsteady Banking Industry, First Republic’s Problems Stood Out
  NYT
• The Air Has Come Out of the Dollar
  WSJ
• Fed’s inflation fighters confront message challenge on policy pause
  FT
• US government risks running out of cash as soon as June 1, Yellen warns
  FT
• Investors warn of First Republic aftershocks
  FT
• Beijing’s ‘men in black’ step up scrutiny of foreign corporate sleuths
  FT
• Joe Biden says US commitment to defending Philippines is ‘iron clad’
  FT
• Poland and Germany: the feud at the heart of Europe
  FT