Tuesday, May 2, 2023

Wednesday's News Links

[Reuters] Stocks climb out of the red as traders wait on the Fed

[Yahoo/Bloomberg] US Regional Banks Slump as Rout Deepens on First Republic Flop

[Yahoo/Bloomberg] Oil Sinks Below $70, US Regional Bank Rout Deepens: Markets Wrap

[Reuters] Economic risks buoy gold above $2,000 as Fed verdict nears

[CNBC] 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

[AP] Rising turmoil is making Fed’s rate decisions more perilous

[Reuters] 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

[Yahoo/Bloomberg] Bank Pain Is Just Getting Started, Ex-Fed President Kaplan Says

[Reuters] Top US CEO pay rose 7.7% last year, outpacing inflation, study finds

[Yahoo/Bloomberg] 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

[Reuters] Iran seizes second oil tanker in a week in Gulf -U.S. Navy

[Yahoo/Bloomberg] China, Russia Fall Further Down World Press Freedom Index

[NYT] What to Watch at the Fed’s May Meeting

[FT] 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