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[Yahoo/Bloomberg] Stocks and Oil Fall on Weak China Data; SBB Sinks: Markets Wrap [Reuters] Gold gains with debt ceiling and inflation in spotlight [Yahoo/Bloomberg] PacWest Resumes Selloff as Battered Regional Bank Stocks Slide [Yahoo/Bloomberg] Oil Drops After Two-Day Surge as China Clouds Demand Outlook [Reuters] Biden, McCarthy start debt ceiling talks as clock ticks to […]
America’s current leadership clearly believes the biggest problems facing the nation are the inequality of status and means among residents, the hurt feelings of people, and the need to thwart the territorial ambitions of nuclear-armed world powers. Many of America’s citizens tend to have somewhat different concerns. The upper class is concerned about perpetuating and […]
[Yahoo/Bloomberg] Stocks Mixed as Traders Assess Policy Path: Markets Wrap [Yahoo/Bloomberg] PacWest Leads Rally in Regional Banks After Slashing Dividend [Reuters] Gold firms, traders look to U.S. inflation data for Fed policy path [Yahoo/Bloomberg] Oil Kicks Off Week Higher as Traders Focus on Demand Factors [Reuters] Biden, McCarthy aim to break US debt-ceiling standoff as […]
[Reuters] 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 [Bloomberg] Fed Is About to Find Out If It Can Afford to Pause Rates [Bloomberg] China’s Gold Splurge Reaches […]
Precious Truth Our modern-market circus kicked off this week with the second largest bank failure in US history as First Republic Bank went bust. The seismic event sent tremors and aftershocks throughout the banking sector specifically, and to a lesser degree markets more broadly. Volatility was the name of the game. To flesh out that […]
[Reuters] 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 [Fortune] Wall Street is running away from the housing market. But why? [Reuters] Ukraine says it downed hypersonic Russian missile with U.S. air defence system [Bloomberg] […]
Another humdrum week. The second largest bank failure in U.S. history – to start things off, making for three of the top four over just the past two months. Tuesday saw Treasury Secretary Yellen notify the world of a debt limit “X-date” possibly as early as June 1st. The Fed raised rates on Wednesday in […]
[Yahoo/Bloomberg] Bank Shares Surge After Chaotic Week; Apple Gains: Markets Wrap [Yahoo/Bloomberg] Gold Set for Best Week Since Mid-March on Fears Over US Banks [CNBC] Treasury yields surge after much hotter-than-expected April jobs report [Yahoo/Bloomberg] Oil Rebounds After Slumping 10% This Week on Demand Concern [Yahoo/Bloomberg] China’s Weaker Builders Plunge on Regulatory Warning About Risks […]
