Tuesday, March 28, 2023

Wednesday's News Links

[Yahoo/Bloomberg] Stocks Rise as Tech Rally Buoys Mood: Markets Wrap

[Yahoo/Bloomberg] Oil Advances on Kurdish Supply Dispute and US Inventory Data

[Reuters] Investors pull $1.6 billion from Binance after CFTC lawsuit

[CNBC] Mortgage demand gets a boost from bank volatility, but it may be short-lived

[Yahoo/Bloomberg] US 30-Year Fixed Mortgage Rate Eases to Six-Week Low of 6.45%

[Reuters] Supply shortages threaten U.S. infrastructure and war efforts

[Reuters] Explainer: What are credit default swaps and why are they causing trouble for Europe's banks?

[Yahoo/Bloomberg] BOJ’s Key Policy Architect Signals Yield Curve Tweak May Come as a Surprise

[Yahoo/Bloomberg] China’s Economic Planning Official Sees Risks to Global Growth, Inflation

[Yahoo/Bloomberg] Global Creditors Face Long Fight With China Developers for Cash

[CNN] China gave huge loans to some countries. Now it’s spending billions to bail them out

[MSN/Bloomberg] China Warns Taiwan Leader to Avoid McCarthy as She Visits US

[Reuters] Taiwan president defiant after China threatens retaliation for US trip

[Reuters] Ukraine hits Russian-held city deep behind front as talk of counteroffensive grows

[Yahoo/Bloomberg] Next Chapter in Europe’s Energy Crisis — Summer Risks for Gas

[Yahoo/Bloomberg] Australian Inflation Eases, Bolstering Case for Rate Pause

[Reuters] ECB rates will need to rise but possibly at a slower pace - policymakers

[Reuters] Oil firms halt or reduce output in Iraqi Kurdistan, further outages loom

[Bloomberg] Wall Street Has No Idea How to Price In Banking Upheaval

[WSJ] Banking Worries Fuel Gold Price Rally

[WSJ] How the Bank Mess Can Hit Home Buyers

[WSJ] The Fed Passes the Buck on Bank Failures

[WSJ] Taiwan President’s U.S. Trip Touches a Flashpoint in U.S.-China Ties

[FT] Venture capital faces tougher future

[FT] Credit Suisse sale ‘forever impairs the ability to issue AT1s’, investors warn

[FT] China threatens Taiwan over president’s trip to US

Tuesday Evening Links

[Reuters] Wall Street ends down with tech; investors assess bank comments 

[Yahoo/Bloomberg] Stocks Fall as Tech Rotation Falters; Bonds Drift: Markets Wrap

[Reuters] Clashes as French protesters rally against Macron's pension bill

[Bloomberg] Binance Crackdown Threatens US Trading Firms, Spooks Market



Tuesday Afternoon Links

[Yahoo/Bloomberg] Stocks Fall as Tech Rotation Falters; Bonds Dip: Markets Wrap

[Yahoo/Bloomberg] Oil Extends Gains as Iraq Dispute Curbs Exports, Bank Fears Wane

[Reuters] US regulator cites 'terrible' risk management for Silicon Valley Bank failure

[Reuters] Fed's Barr says first learned of risks at SVB weeks before it failed

[Reuters] US consumer confidence rises as Americans shrug off bank failures

[Yahoo Finance] Fed's Barr sees 'need' for stronger regulation of regional banks after SVB

[CNBC] Sam Bankman-Fried paid over $40 million to bribe at least one official in China, DOJ alleges in new indictment

Tuesday's News Links

[Yahoo/Bloomberg] Stocks Waver With Banks in Focus: Markets Wrap

[Yahoo/Bloomberg] Oil Extends Year’s Biggest Rally as Iraqi Clash Curbs Exports

[Reuters] Banking rebound remains fragile as regulators review response to failures

[CNBC] Home prices cool in January, even falling in some cities, S&P Case-Shiller says

[Reuters] US regulators to face sharp questions from Congress over bank collapses

[Yahoo/Bloomberg] Binance Crypto Empire Dwarfs FTX at Peak and Dominates Industry

[CNBC] Rent prices drop for third straight month, even in cities like Austin and Phoenix

[Reuters] Zelenskiy accuses Russia of holding Zaporizhzhia nuclear plant 'hostage'

[Reuters] UK grocery inflation hits new high of 17.5% -Kantar

[Yahoo/Bloomberg] France Faces New Pension Strikes as Violence Concerns Mount

[Yahoo/Bloomberg] Adani Stocks Plunge on Report Group Seeks More Time to Pay Loans

[Reuters] North Korea unveils new nuclear warheads as Kim orders more weapons-grade materials

[Bloomberg] Fed Swaps Once Again Show Hike More Likely Than Not for May

[Bloomberg] El-Erian: What Happens in the Banking Sector Won’t Stay There

[NYT] Silicon Valley Bank’s Risks Went Deep. Congress Wants to Know Why.

[NYT] China’s Cities Are Buried in Debt, but They Keep Shoveling It On

[WSJ] Distress in Office Market Spreads to High-End Buildings

[WSJ] Higher Rates Are Coming for U.S. Companies

[FT] Top Democrat to accuse US regulators of allowing SVB to ‘grow too big, too fast’

[FT] China’s fake science industry: how ‘paper mills’ threaten progress

[FT] Younger protesters to swell French rallies against pension reform