MARKET NEWS / CREDIT BUBBLE DAILY

Friday, January 10, 2025

MARKET NEWS / CREDIT BUBBLE DAILY
Friday, January 10, 2025
Doug Noland Posted on January 10, 2025

[Yahoo Finance] Stock market today: Dow, S&P 500, Nasdaq sink as jobs report blows past expectations

[Reuters] US property and casualty insurers slide as Los Angeles wildfire losses mount

[Yahoo/Bloomberg] Oil Nears $80 on Report of More US Sanctions Against Russia

[AP] US added a strong 256,000 jobs in December as unemployment rate dipped to 4.1%

[Yahoo/Reuters] Fed seen cutting policy rate just once in 2025 as job growth surges

[Reuters] Pacific Palisades fire may spell an end to cheap homeowners insurance in California

[AP] Average US long-term mortgage rate inches up to 6.93% this week for fourth straight increase

[Axios] 2024 was Earth’s hottest year on record, exceeding Paris target

[Yahoo/Bloomberg] China’s Market Support Falls Short as Economic Gloom Deepens

[Bloomberg] Chinese Developers Begin New Year With Deepening Debt Woes

[NYT] L.A. Wildfires Lay Bare an Insurance Crisis

[NYT] Meet Trump’s Economic Whisperers

[NYT] China’s Central Bank Stops Buying Bonds as Deflation Fears Grip Economy

[WSJ] Los Angeles Fire Damage Likely to Be Costliest Blaze in U.S. History

[WSJ] Fed Official Says Further Rate Cuts Can Wait

[WSJ] The U.S. Has More Fancy Apartments Than It Is Able to Fill

[WSJ] The U.K. Is the Biggest Loser From the Rise in Yields

[WSJ] China’s Central Bank Suspends Purchase of Treasury Bonds in Open Markets

[FT] Dollar dominance means tariffs are not the only game in town

[FT] UK government borrowing costs rise towards 16-year high

[FT] ‘We’ve feared this for years’: wildfires tear through Los Angeles

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