Thursday, April 13, 2023

Friday's News Links

[Yahoo/Bloomberg] Nasdaq Slips as Bank Earnings Deluge Begins: Markets Wrap

[Reuters] Dollar heads for longest stretch of weekly losses since 2020

[Yahoo/Bloomberg] Oil Heads for Fourth Weekly Advance as Global Market Tightens Up

[Reuters] US retail sales fall more than expected in March

[Reuters] Investors put $538 billion into cash funds over eight weeks, Bank of America says

[Reuters] Exclusive: Fed can 'hit the mark and hold' with one more rate hike, Bostic says

[Yahoo/Bloomberg] Fed’s Powell, PBOC’s Yi Hold First One-On-One Talk Since 2020

[Yahoo/Bloomberg] US to Push Back Against China Economic Coercion at G-7 Meeting

[Reuters] JPMorgan profit surges 52% on robust consumer business

[Yahoo/Bloomberg] BlackRock Assets Exceed $9 Trillion in Wake of Bank Failures

[Yahoo/Bloomberg] Tech Bellwether Infosys Warns of Trouble in Key Finance Sectors

[Yahoo/Bloomberg] Ukraine Latest: US Air Guard Cyber Specialist Arrested in Leak

[Yahoo/Bloomberg] Global Bond Markets Fear Billions Will Vanish If Japan's Titans Race for Exit

[Yahoo/Bloomberg] China’s Megabanks Plan Funding Spree to Plug Capital Shortfall

[CNBC] China’s ‘Belt and Road’ grew out of a lending spree. Now those loans may be its problem

[Yahoo/Bloomberg] PBOC’s Yi Says China to Achieve GDP Target, Property Improving

[Yahoo/Bloomberg] Hong Kong Interbank Liquidity Near Three-Year Low on Peg Defense

[Reuters] 'Zero capacity to save': Argentines buckle under 103% inflation

[Reuters] North Korea says it tested a new solid-fuel ICBM, warns of 'extreme' horror

[AP] Russia’s Pacific Fleet put on high alert for snap drills

[WSJ] How Severe Is the Housing Shortage? It Depends on How You Define ‘Shortage’

[WSJ] As Bond Market Turbulence Eases, Companies Borrow Again

[FT] After the easy money: a giant stress test for the financial system

[FT] China says it will co-operate on sovereign debt restructurings

[FT] German foreign minister warns China on Taiwan

Thursday Evening Links

[Reuters] Wall St rallies to higher close as inflation data feeds Fed pause hopes

[Yahoo/Bloomberg] Oil Holds Near Five-Month High as US, China Show Tighter Market

[Yahoo/Bloomberg] Euro Surges to Strongest in a Year as Fed-Cut Bets Batter Dollar

[Yahoo/Bloomberg] S&P 500 Earnings Could Go From Bad to Even Worse in 2023, BofA Says

[Yahoo/Bloomberg] US Derivatives Regulator Says Binance Intentionally Flouted Rules

[Yahoo/Bloomberg] Commercial real estate woes weigh on New York City recovery, NY Fed says

[Bloomberg] Fed’s Emergency Loans to Banks Fall For Fourth Straight Week

[Bloomberg] The Rush Into Money Funds Is Slowing, But They’re Still Growing

[NYT] Dour Earnings Loom Over Wall St. as a Slowing Economy Bites

[NYT] How Silicon Valley Bank’s Failure Could Have Spread Far and Wide

[WSJ] Gold Prices Near Record as Investors Bet Inflation Is Here to Stay

[WSJ] Amazon Warns of Weaker Cloud Sales as Businesses Cut Spending

[FT] Debt ceiling jitters drive up cost of insuring against US default

Thursday Afternoon Links

[Reuters] Wall St climbs as inflation, jobless claims data ease rate worries

[Yahoo/Bloomberg] Oil Holds Near Five-Month High as US, China Show Tighter Market

[Yahoo/Bloomberg] The Junk Bond Market Is Shrinking in a New Era of Rising Rates

[Yahoo/Bloomberg] Offices Across America Must Be Torn Down, Says Investor Who Won Big in 2008

[Yahoo/Bloomberg] ECB’s Vasle Says Half-Point Hike Possible If Data Warrant It

[Yahoo/Bloomberg] El Nino Watch Called as Odds Grow of Weather-Shifting Event

[FT] Euro surges to 12-month high as investors bet on more ECB rate rises