Monday, January 9, 2023

Tuesday's News Links

[Yahoo/Bloomberg] US Stocks Drop in the Face of Hawkish Fedspeak: Markets Wrap 

[CNBC] Gold trades near 8-month high and analysts expect its rise to continue

[Yahoo/Bloomberg] Oil Fluctuates as Hawkish Fed Comments Overshadow China Outlook

[CNBC] Powell stresses need for Fed’s political independence while tackling inflation

[Yahoo Finance] Powell defends Fed taking 'measures that are not popular' to rein in inflation

[Reuters] U.S. small-business sentiment skids to half-year low

[Reuters] U.S. imports of containerized goods retreat to pre-pandemic level

[Reuters] U.S. banks get ready for shrinking profits and recession

[AP] California deluge forces mass evacuations, boy swept away

[Reuters] Crypto contagion deepens: Coinbase to slash nearly 1,000 jobs

[CNBC] Americans lean more on credit cards as expenses stay high: 46% of cardholders now carry debt from month to month

[Yahoo/Bloomberg] Markets Are Underestimating Inflation Again, BlackRock and Fidelity Warn

[Yahoo/Bloomberg] Jamie Dimon Says Fed May Need to Hike Interest Rates Beyond 5%

[Yahoo/Bloomberg] China’s Credit Growth Slows in December Amid Covid Waves

[AP] China economy recovering but hampered by virus outbreaks

[Yahoo/Bloomberg] China Deflation Pressure Worsens as Economy Slumps, Survey Shows

[Reuters] COVID wave past its peak in many parts of China - state media

[Yahoo/Bloomberg] Tokyo Inflation Hits 4%, Pointing to Stronger-Than-Thought Trend

[Yahoo/Bloomberg] ECB Member Schnabel Says Rates Must Rise Significantly and Steadily

[Yahoo/Bloomberg] Europe’s Bond Sales Top $130 Billion in Record Time

[Yahoo/Bloomberg] Insured Losses Hit $120 Billion as Extreme Weather Spreads

[Reuters] Russia is now fighting NATO in Ukraine, top Putin ally says

[WSJ] The Companies Conducting Layoffs in 2023: Here’s the List

[FT] US banks set for bumper lending profits but face end of rate rise cycle

[FT] Xi Jinping’s plan to reset China’s economy and win back friends

[FT] China’s Covid patients face medical debt crisis as insurers refuse coverage