Monday, May 22, 2023

Tuesday's News Links

[Yahoo/Bloomberg] Treasury Yields Climb With Debt Deal Elusive: Markets Wrap

[Yahoo/Bloomberg] Crude Oil Fluctuates as Traders Weigh Unresolved US Debt Limit

[Reuters] Biden and McCarthy aides hunt for bipartisan debt ceiling deal

[Reuters] Biden, McCarthy meeting ends with no deal on debt ceiling

[Yahoo/Bloomberg] Biden-McCarthy Debt Talk Ends With Optimism, But Without a Deal

[Politico] The debt talks are about to test McCarthy’s hold on his party

[Reuters] Treasury confirms U.S. default as early as June 1 without debt ceiling hike

[Yahoo/Bloomberg] US Default Scenarios Span From Localized Pain to Dimon’s ‘Panic’

[Yahoo/Bloomberg] Fed Rate Path Hinges on Trade-Off Between Stable Banks or Prices

[Axios] Over $100 billion of U.S. corporate debt trades at distressed levels

[Reuters] Crypto giant Binance commingled customer funds and company revenue, former insiders say

[Yahoo/Bloomberg] Citi Says Buyers Plow $21 Billion Into US Stocks

[Yahoo/Bloomberg] Fed Needs to Cool Off Hot Job Market, Ex-Chair Bernanke Says

[Yahoo/Bloomberg] Euro-Zone Factories Flounder With Activity Shrinking at Fastest Pace Since Pandemic

[Reuters] BoE's Bailey says 'big lessons' to be learned from inflation surge

[Yahoo/Bloomberg] UK Cost-of-Living Support Drives Government Borrowing Higher

[Reuters] Japan's factory activity expands for first time in 7 months - PMI

[Yahoo/Bloomberg] Japan PMIs Signal Stronger Recovery, Aided by Return of Tourists

[Reuters] Chinese money pours into Japan-focused funds, triggering risk warnings

[NYT] With Ban on Micron, China Escalates Microchip Clash With U.S.

[WSJ] A Housing Bust Comes for Thousands of Small-Time Investors

[FT] R Star Star Wars: The Phantom Menace

[FT] China widens foreign access to swaps after $130bn bond sell-off

[FT] China’s fishing fleet embroiled in rising tensions with US

Monday Evening Links

[Reuters] Wall Street ends mixed as investors await debt ceiling talks

[Yahoo/Bloomberg] Oil Little Changed With Traders Watching Washington Debt Talks

[Reuters] Treasury confirms U.S. default as early as June 1 without debt ceiling hike

[Politico] Janet Yellen’s Treasury braces for ‘hard choices’ if debt-limit talks fail

[Reuters] McCarthy says US debt ceiling talks 'on right path' ahead of Biden meeting

[Yahoo/Bloomberg] McCarthy Says Debt Deal Must Happen This Week to Avoid Default

[Reuters] JPMorgan sees rise in corporate defaults in Latin America

[WSJ] What Is the 14th Amendment, and Can Biden Use It to Fix the Debt Ceiling?

[WSJ] Inflation Hit Americans’ Finances Last Year, Fed Finds

Monday Afternoon Links

[Reuters] S&P 500, Nasdaq rise amid fresh round of debt talks; Micron slides

[Yahoo/Bloomberg] Tech Stocks Edge Up Beneath Debt Ceiling Shadow: Markets Wrap

[Reuters] Biden, McCarthy to talk US debt ceiling with deadline 10 days away

[Reuters] Inflation has eroded US households' financial security, Fed survey shows

[Yahoo/Bloomberg] Two Fed Officials Say More Interest-Rate Raises May Be Needed to Cool Prices

[Yahoo/Bloomberg] Fed’s Bullard Sees Two More Interest-Rate Hikes Needed in 2023 to Cool Prices

[Yahoo Finance] Stocks risk 'sharp' reaction if debt ceiling talks go awry: JPMorgan