Tuesday, May 23, 2023

Wednesday's News Links

[Yahoo/Bloomberg] Stocks Slide as Sentiment on Global Outlook Sours: Markets Wrap

[Yahoo/Bloomberg] Chinese Stocks Wipe Out 2023 Gains as Headwinds Intensify

[Reuters] Oil prices up after bullish Saudi comments, falling U.S. stockpiles

[Reuters] White House, Republicans plan to convene on US debt ceiling as deadline looms

[MSN/WP] GOP unites in brinkmanship over default, rejecting Biden compromises

[Yahoo Finance] Debt-ceiling talks stall amid revolt from Kevin McCarthy’s right flank

[Yahoo/Bloomberg] Debt-Limit Talks Stall as Time Runs Short to Avert US Default

[AP] Debt ceiling talks stuck on classic problem: Republicans demand spending cuts and Democrats resist

[The Hill] McCarthy, Dems temper expectations on debt-ceiling deal

[Politico] House Republicans are dealmaking newbies — and that could be a problem

[Reuters] What US Treasury debt payments are at risk of default?

[Yahoo/Bloomberg] Debt-Limit Doomsday Clock: What June Looks Like for US Treasury

[CNBC] Mortgage demand drops again as rates cross back over 7%

[Reuters] Factbox: US-China tensions intensify over tech to Taiwan flashpoints

[Reuters] China says NATO's plan for Japan office not welcomed in Asia-Pacific

[Reuters] Russia, China set to ink bilateral pacts despite Western criticism

[Yahoo/Bloomberg] Xi Says Russia, China Should Bolster Ties at Multilateral Groups

[Reuters] Exclusive: Chinese hackers attacked Kenyan government as debt strains grew

[Yahoo/Bloomberg] German Business Outlook Drops Amid Weak Factory Performance

[Yahoo/Bloomberg] New Zealand Signals Tightening Cycle Done After Raising Rate

[Yahoo/Bloomberg] Lula Lashes Out and Sends Warning to Central Bankers Everywhere

[WSJ] Freeze or Cut? Spending Fight Is Main Event in Debt-Ceiling Talks

[WSJ] As Pressure on Experts Rises, a Chinese Province Hits Back at Claims About Its Debt

[WSJ] It Just Had an Energy Crisis, Now Europe Faces a Food Shock

[FT] US debt ceiling fears shake stock and bond markets

[FT] Investors bet Fed will keep interest rates higher for longer

[FT] US regional banks swap $220bn in deposits to soothe insurance nerve

[FT] The new gold boom: how long can it last?

[FT] US reluctance on trade deals sends Latin America towards China

[FT] Chip wars with China risk ‘enormous damage’ to US tech, says Nvidia chief

Tuesday Evening Links

[Reuters] Wall St ends sharply lower on deadlocked debt ceiling talks

[Yahoo/Bloomberg] Stocks Fall on Debt-Deal Impasse as Deadline Looms: Markets Wrap

[Yahoo/Bloomberg] Oil Rallies as Saudi Minister Warns Short Sellers of Pain Ahead

[Reuters] No signs of progress from White House, Republicans in 'tough' debt ceiling talks

[AP] Debt ceiling talks grind on, but Republicans say there’s a ‘lack of urgency’ from White House

[AP] Debt ceiling explained: Why it’s a struggle in Washington and how the impasse could end

[MSN/WP] Corporate Bankruptcies are creeping up as pressures in the economy grow

[WSJ] Biden Tries to Close Debt-Ceiling Deal Democrats Sought to Avoid

[FT] White House and Republicans struggle to make headway in debt ceiling talks

Tuesday Afternoon Links

[Yahoo/Bloomberg] Stocks Fall on Debt Impasse as Deadline Looms: Markets Wrap

[Yahoo/Bloomberg] McCarthy Says Debt Deal Remains Elusive as Negotiations Resume

[Yahoo/Bloomberg] Republicans Question If Default Is as Close as Yellen Says It Is

[Reuters] Republicans say little progress in debt ceiling talks with White House

[Yahoo/Bloomberg] Biden’s Worries Over Default Blame Spur Debt Talks With Republicans

[Reuters] US business activity rises to 13-month high in May, S&P Global survey shows

[Yahoo/Bloomberg] US New-Home Sales Unexpectedly Rise to a More Than One-Year High

[Reuters] Fed's Logan: Discount window operations need to keep pace with speed of banking