Thursday, May 11, 2023
Evening
- Dow, S&P 500 fall with Disney; PacWest leads regional banks lower
- PacWest stock plunges 23% after losing 9.5% of deposits last week
- Traders Embrace Bonds as Recession Angst Builds: Markets Wrap
- Debt limit fight: Biden meeting with Congress leaders put off until next week as staff talks proceed
- Another downgrade of America’s credit rating might be coming
- Big U.S. banks to pay billions to replenish failure fund
- Ramaphosa Says South Africa Probing US Allegation That it Supplied Arms to Russia
- Bond Selloff Adds to the Pressure on Regional Banks
- Tett: The deflating credit bubble could hurt more than just the banks
- FDIC to hit biggest US banks with $16bn bill for SVB clean-up
- US fiscal alarm bells are drowning out a deeper problem
- US urges ‘co-ordinated action’ by G7 against China’s use of economic coercion
Afternoon
- Dow, S&P 500 weighed down by Disney; PacWest leads regional banks lower
- Oil Slides Toward $70 as Demand for Physical Barrels Sags
- US weekly jobless claims hit 1-1/2-year high; inflation subsiding
- Deposit outflows after SVB collapse concentrated among 'super-regionals' - NY Fed study
- What Happens If the US Treasury Runs Out of Cash? Here Are Yellen’s Options
- Fed's Kashkari says tight monetary policy may be needed for 'extended' time
- Wall Street Loads Up on Doom Hedges as Countdown to X-Day Begins
- US Mortgage Rates Fall for Second-Straight Week, Dropping to 6.35%
- JPMorgan CEO Dimon says bank is convening a 'war room' on debt ceiling
- Citi Sees Companies Racing to Raise Cash as Debt Ceiling Nears
- Blackouts Loom for Most of US in Extreme Summer-Heat Scenario
- Europe’s Drought-Riven Future Is Here, Decades Earlier Than Expected
- US envoy says Russian ship picked up arms in South Africa
General
- Stocks Waver as Traders Mull Fed; Disney Drops: Markets Wrap
- PacWest shares tumble 20% after regional bank says deposits fell 9.5% last week
- Oil Advances as Traders Weigh Inflation Trends and Supply Halts
- Cost of insuring against U.S. default rises to highest since 2009
- More Americans file for jobless claims, but job market remains healthy
- Wholesale prices rose just 0.2% in April, less than estimate as inflation pressures ease
- US debt standoff overshadows G7 finance leaders' meeting
- Hot employment market shows signs of cooling
- Bank of England raises rates and Bailey promises to "stay the course"
- Slump in China bank loans, prices raise more worries about recovery, adds pressure on c.bank
- China’s Weak Inflation, Borrowing Show Economic Recovery Waning
- China's slow consumer inflation, deepening factory gate deflation to test policy
- Vast China-Russia resources trade shifts to yuan from dollars in Ukraine fallout
- Factbox: China's oil, commodities import from Russia
- Ueda’s BOJ Subtly Changes English Translation in New Era Signal
- Ukraine Latest: UK Sends Long-Range Missiles for New Offensive
- Dudley: What the Fed Missed in Its Bank Crisis Confessional
- US Credit Card Debt Was Stickier Than Usual in First Quarter
- US West Braces for Another Year of Heat and Drought: Weather Watch
- ‘De-Americanize’: How China Is Remaking Its Chip Business
- US default would make Cyclone Roller Coaster ‘look like a kiddie ride’
- The G7 struggles to find unity over China’s economic bullying
- Eurozone consumers are more pessimistic on inflation, ECB survey shows