Thursday's News Links

[Yahoo/Bloomberg] PacWest, First Horizon Slump, Reigniting Regional Bank Jitters

[CNBC] Regional bank stocks continue to slide on Thursday with PacWest leading the way down 40%

[Reuters] Western Alliance latest US bank to explore sale, Financial Times reports

[Reuters] Gold firms as banking woes sustain stellar run

[Reuters] Dollar falls after Fed signals pause; banking woes dent confidence

[Yahoo/Bloomberg] Grains Steady After Surge as Markets Size Up Black Sea, Supplies

[AP] European Central Bank raises interest rates but slows pace

[Yahoo/Bloomberg] ECB Vows More Hiking to Come After Slowing Tightening Pace

[AP] US claims for unemployment aid jump, but remain low

[CNBC] Small business confidence rises slightly, but inflation, economic concerns dim outlook

[Yahoo/Bloomberg] US Productivity Declines More Than Forecast, Labor Costs Climb

[Reuters] What a Fed response to a US debt default could look like

[CNBC] Fed recap: Here are Chair Powell’s market-moving comments after the latest rate hike

[Yahoo/Bloomberg] Pushback Against Powell’s Prognosis Comes Almost Immediately

[Reuters] China's factory activity skids in April on weak demand - Caixin PMI

[Yahoo/Bloomberg] China Two-Speed Economic Recovery Fuels Concerns on Outlook

[Yahoo/Bloomberg] China’s Factories Struggle in Further Sign of Economic Imbalance

[Reuters] Moscow says US behind Kremlin drone attack, Russian forces target Kyiv

[Yahoo/Bloomberg] Ukraine Latest: Explosions Are Heard in Kyiv, Other Areas

[Bloomberg] Repaying ECB’s Cheap Pandemic Loans Risks Market Stress

[Reuters] Europeans drain billions from banks, fed up with shrinking savings

[Reuters] Global issuance of mortgage-backed securities falls to a 23-year low

[Bloomberg] Goldman’s Role in Failed SVB Deal Under Review in US Probe

[WSJ] Scrambling to Avoid Default, White House Weighs Debt-Limit Fallback Options

[FT] ‘Getting close’: Federal Reserve chair seeds expectations for pause in interest rate rises

[FT] Veteran of 1980s banks crisis hits out at sale of First Republic to JPMorgan

[FT] Maersk warns of ‘radically changed’ world as profits tumble

Wednesday Evening Links

[CNBC] PacWest falls more than 50% after hours on report bank is weighing sale

[Yahoo/Bloomberg] Stocks Drop as Powell Signals No Fed Cuts For Now: Markets Wrap

[Reuters] Wall Street ends down on nagging uncertainty about Fed rate path

[Yahoo/Bloomberg] Fed Can’t Protect US Economy From Debt Default, Powell Says

[Yahoo Finance] Regional banks a focus for investors as Fed raises rates again

[CNBC] The market is looking for the next ‘domino’ to fall, keeping banks under pressure

[Yahoo Finance] Home prices rose more than previously thought in the first three months of 2023

[Yahoo/Bloomberg] Ukraine Latest: Zelenskiy Denies Russian Claim of Kremlin Attack

[FT] Federal Reserve implements quarter-point rate rise and signals potential pause

[FT] Russia and Ukraine step up air strikes ahead of expected counter-offensive

Wednesday Afternoon Links

[Yahoo Finance] Stocks slide after Fed announces 0.25% rate hike: Stock market news today

[Yahoo/Bloomberg] Stocks Fluctuate as Traders Weigh Powell’s Remarks: Markets Wrap

[Yahoo/Bloomberg] Oil Plunges Below $69 as Pledged OPEC+ Cuts Fail to Dent Supply

[CNBC] Fed increases rates a quarter point and signals a potential end to hikes

[Yahoo Finance] Federal Reserve pushes interest rates above 5% for first time since 2007

[AP] Fed expected to raise key interest rate amid banking turmoil

[Yahoo/Bloomberg] US Service Industry Expands at a Modest Pace as Activity Cools

[Yahoo/Bloomberg] Busted Banks Wipe Out $54 Billion of Stocks, Bonds During Turmoil

[Reuters] How a US debt crisis standoff could cause a recession - a bad one

[Yahoo/Bloomberg] Treasury Flags Bigger Sales as Soon as August, Buybacks in 2024

[Reuters] Column: Quadruple whammy whips June Fed rate hike off the table

[Reuters] Russia says Ukraine tried to kill Putin with night-time drone attack on Kremlin

[Yahoo/Bloomberg] Big Hedge Funds Face New 72-Hour Deadline to Report Losses

[Reuters] Icahn's investment firm sinks further, down 40% since Hindenburg attack

[Yahoo/Bloomberg] Texas Power Demand Seen Shattering Summer Record in Test to Grid

[Yahoo/Bloomberg] Argentina Reserves Slump to 7-Year Low as Crisis Deepens: Chart

[Bloomberg] US Turns to Familiar Name to Clean Up $114 Billion Banking Mess: BlackRock