Wednesday, November 9, 2022

Thursday's News Links

[Yahoo/Bloomberg] US Stocks Roar Higher as Yields Plunge on Soft CPI: Markets Wrap

[Yahoo/Bloomberg] Dow futures surge more than 800 points after October inflation report is lighter than expected

[CNBC] Treasury yields tumble after October CPI is less than expected

[Yahoo/Bloomberg] China Stocks Slide as Covid Curbs Temper Reopening Hopes

[Yahoo/Bloomberg] US Inflation Slows More Than Forecast, Gives Fed Downshift Room

[CNBC] Consumer prices rose 0.4% in October, less than expected, as inflation eases

[Yahoo/Bloomberg] FTX Hurtles Toward Bankruptcy With $8 Billion Hole, US Probe

[Reuters] Crypto's FTX CEO looking at all options as Binance deal collapses

[Reuters] FTX suspends addition of new clients, withdrawals

[Yahoo/Bloomberg] JPMorgan Team Says Crypto Markets Face ‘Cascade’ of Margin Calls

[Reuters] Exclusive: Behind FTX's fall, battling billionaires and a failed bid to save crypto

[Reuters] U.S. Senate up for grabs as Republicans move toward House majority

[Reuters] Fed's Kashkari: talk of pivot 'premature,' on good policy path

[Yahoo/Bloomberg] First-Time Homebuyers Are Getting Squeezed Paying Their Mortgage

[Reuters] China new bank lending stumbles as COVID flare-ups hit demand

[Reuters] China reaffirms zero-COVID stance, city of Guangzhou on edge

[Yahoo/Bloomberg] China Property Crisis Imperils $1.6 Trillion of Local State Debt

[Yahoo/Bloomberg] Asian Property Debt Woes Worsen as Indonesia Shows More Distress

[Reuters] BOJ's Kuroda lays out framework for future exit from easy policy

[Yahoo/Bloomberg] One of World’s Top Gold-Buying Central Banks Is Far From Sated

[NYT] Is This Crypto’s Lehman Moment?

[WSJ] Home-Price Growth Slows Under Tide of Rising Mortgage Rates

[FT] Untangling the knotty empire of Bankman-Fried and FTX

[FT] Meta job cuts provide a post-pandemic reality check: ‘The bubble has burst’

[FT] Chinese tycoons’ fortunes shrivel as lockdowns and crackdowns bite

Wednesday Evening Links

[Yahoo/Bloomberg] Stocks Sink on Crypto, Earnings Woes Ahead of CPI: Markets Wrap

[CNBC] Bitcoin tumbles to its lowest in nearly 2 years; Solana drops another 40%

[Yahoo/Bloomberg] Crypto Market Rout Deepens as Binance Drops FTX Takeover Offer

[CNBC] Binance backs out of FTX rescue, leaving the crypto exchange on the brink of collapse

[Yahoo/Bloomberg] Oil Drops as US Inventories Swell Amid China’s Covid Challenges

[Reuters] U.S. midterm elections: When will we know who won?

[Reuters] Control of U.S. Congress unclear as Republican 'red wave' fizzles

[Reuters] Potentially divided U.S. government tees up tough economic debates for 2023

[Bloomberg] Chicago Fed’s Evans Says It’s Time to Slow Pace of Rate Hikes

[WSJ] Binance Walks Away From Deal to Buy FTX

Wednesday Afternoon Links

[Reuters] Wall St slides as tight race in midterm election blurs outcome

[Yahoo/Bloomberg] Crypto Market Rout Deepens as Binance Seen Balking at Takeover

[Yahoo Finance] Bitcoin price dips below $17,000 on FTX-Binance deal concerns

[Yahoo/Bloomberg] Oil Drops on Higher Crude Stockpiles, Weak China Demand Outlook

[Politico] Dems stun in battlegrounds but GOP still poised to capture narrow House majority

[The Hill] Georgia Senate race between Warnock, Walker heads to runoff

[Yahoo/Bloomberg] Sam Bankman-Fried's FTX Empire Faces US Probe Into Client Funds, Lending

[MSN/Bloomberg] Sam Bankman-Fried’s $16 Billion Fortune Is Eviscerated in Days

[Yahoo/Bloomberg] US Inflation to Cool Only Slightly, Keeping Big Fed Hike in Play

[Reuters] Barkin: U.S. likely on "back end" of inflation surge