Tuesday, March 14, 2023

Wednesday's News Links

[Yahoo/Bloomberg] Stocks Reel Amid Credit Suisse Turmoil: Markets Wrap

[Reuters] Credit Suisse sheds nearly 25%, key backer says no more money

[Reuters] Credit Suisse leads Europe bank rout in renewed SVB fallout

[Yahoo/Bloomberg] Credit Suisse Default Swaps Are 18 Times UBS, 9 Times Deutsche Bank

[Reuters] Credit Suisse woes knock euro, sterling, Swiss Franc

[Reuters] Gold bounces back as Credit Suisse compounds banking woes

[Yahoo/Bloomberg] Oil Futures Fall to Three-Month Low on Signs of Weakening Demand

[CNBC] Wholesale prices post unexpected decline of 0.1% in February; retail sales fall

[AP] US wholesale inflation fell last month on lower food costs

[CNBC] Mortgage demand rises despite volatile interest rates

[AP] How Washington came to rescue US banks

[Reuters] Fed to consider tougher rules for midsize banks after SVB collapse, source says

[Reuters] Tech pressure, Yellen everywhere: How Washington scrambled as SVB collapsed

[Reuters] SVB says Goldman Sachs was the buyer of portfolio it booked losses on

[Yahoo/Bloomberg] Signature Bank Faced Criminal Probe Ahead of Firm’s Collapse

[Reuters] BlackRock CEO Fink warns of financial risks, persistent inflation

[Yahoo/Bloomberg] Ukraine Latest: Several Countries Want to Send Jets, Poland Says

[Reuters] China's economic activity uneven in Jan-Feb after COVID reopening

[Yahoo/Bloomberg] China Reports Economic Rebound But Warns of Risks To Recovery

[Reuters] China central bank ramps up fund injection via medium-term policy loans

[Yahoo/Bloomberg] China’s Central Bank Takes Up Xi Call to Fight US ‘Containment’

[Reuters] Japan's workers get biggest pay rises in decades as inflation surges

[Yahoo/Bloomberg] Kishida Says Wage Gains Most Important Part of ‘New Capitalism’

[WSJ] SVB Collapse Threatens Funding Source for Climate Startups

[WSJ] China, Russia, Iran Hold Joint Military Drills in Gulf of Oman

[FT] Federal Reserve’s dilemma over interest rate rises further complicated by strong inflation data

[FT] Fed considers tougher rules for midsized banks after SVB’s collapse

[FT] US active ETF sales soar while passive counterparts bleed cash

Tuesday Evening Links

[Yahoo/Bloomberg] US Stocks Shake Off Market Jitters; Bonds Fall: Markets Wrap

[Reuters] Wall Street ends green as inflation cools, bank jitters ebb

[Yahoo/Bloomberg] Traders Once Again Betting Fed Is More Likely to Hike Than Not

[Yahoo/Bloomberg] Oil Sinks to Three-Month Low in End-of-Day Stampede to Exits

[Reuters] U.S. Treasury says record FDIC cash draw won't affect debt ceiling 'X-date'

[Yahoo/Bloomberg] Goldman’s Rubner ‘Shocked’ by Big Market Moves, Blames Liquidity

[Yahoo/Bloomberg] Ukraine Latest: Russian Disputes US Account of Drone Downing

[Reuters] US blames Russia for drone crash over Black Sea, Moscow denies contact

[Reuters] Putin says Germany remains "occupied"

[Reuters] Argentina inflation tops 100% for first time since 1991

Tuesday's News Links

[Yahoo/Bloomberg] Stocks Rally as Banks Rebound; Treasuries Fall: Markets Wrap

[Reuters] Wall St rallies on rebound in banks, small rate-hike bets 

[Yahoo/Bloomberg] Oil Extends Drop as Inflation Pressures Fed Amid Banking Fallout

[ABC] Russian fighters collide with US drone, force it down close to Ukraine

[Reuters] Moody's changes outlook on U.S. banking system to 'negative' after SVB collapse

[Yahoo/Bloomberg] Fed Rate Pause Is a Tough Call After Inflation Reaccelerates

[Yahoo/Bloomberg] Tenacious US Inflation Reaches Past Housing and Proves Hard to Tame

[Reuters] Higher rents boost US consumer prices in February

[Reuters] U.S. Justice Department, SEC investigating Silicon Valley Bank collapse - WSJ

[Reuters] Meta to cut 10,000 jobs in second round of layoffs

[WSJ] Fed’s Tightening Plans Collide With SVB Fallout

[FT] Hedge funds stung by bond market fallout from Silicon Valley Bank collapse

[FT] Bair: US regulators are setting a dangerous precedent on Silicon Valley Bank

Tuesday's News Links

[Yahoo/Bloomberg] Stocks Rise, Treasuries Fall: Markets Wrap

[Yahoo/Bloomberg] Treasury Two-Year Yield Rebounds After Biggest Slide in Decades

[Yahoo/Bloomberg] Global Financial Stocks Lose $465 Billion on SVB Impact Worry

[Yahoo/Bloomberg] Oil Extends Drop as Inflation Data Awaited Amid Banking Fallout

[Reuters] Japanese banks slide as SVB contagion fear rattles markets

[CNBC] Inflation gauge increased 0.4% in February, as expected and up 6% from a year ago

[Reuters] U.S. small business confidence improves further in February - NFIB

[Reuters] Moody's downgrades Signature Bank to junk, places six U.S. banks under review

[Reuters] Credit Suisse flags 'material weaknesses' in financial reporting

[Reuters] Analysis: Some U.S. banks facing stock rout may need to seek partners

[AP] Silicon Valley Bank’s demise disrupts the disruptors in tech

[Reuters] JPMorgan, other big U.S. banks flooded with new clients post SVB collapse-FT

[Yahoo/Bloomberg] What to Watch in Money Markets for Signs of Systemic Bank Stress

[Yahoo/Bloomberg] Ukraine Latest: Russia Weighs ‘Patriotic’ Bond as War Costs Rise

[Reuters] North Korea fires two short-range ballistic missiles, South Korea says

[Bloomberg] Moody’s Puts First Republic on Downgrade Watch on Outflow Risk

[NYT] To Rein in China’s Banks, Xi Uses Familiar Playbook

[FT] The weekend US officials hatched a plan to stave off a banking crisis

[FT] Large US banks inundated with new depositors as smaller lenders face turmoil

[FT] Bank sell-off spreads to Japan as SVB collapse shakes global markets