Wednesday, May 24, 2023

Thursday's News Links

[Yahoo/Bloomberg] Stocks Jump on Nvidia, Asia Stocks Fall: Markets Wrap

[Yahoo/Bloomberg] China Equity Rout Deepens as Traders Rush to Sell Before Holiday

[Yahoo/Bloomberg] Oil Dips as Novak Says OPEC+ to Stand Pat and Dollar Holds Gains

[Reuters] AAArrggh! Stocks in debt ceiling danger zone after US rating warning

[Yahoo/Bloomberg] Friday Is Now an Options Feeding Frenzy as Big Tech Meets Zero-Day Options

[Reuters] Fitch puts US rating on negative watch as debt deadline looms

[Reuters] White House, Republicans seek to close US debt-ceiling deal as deadline nears

[Yahoo/Bloomberg] McCarthy Signals Debt Deal Optimism as US Put on Credit Watch

[Yahoo/Bloomberg] Could $25 Billion in Social Security Payments Force a Debt-Limit Deal?

[Reuters] US weekly jobless claims rise moderately; first-quarter GDP growth revised up

[AP] US economic growth for last quarter is revised up to a still-tepid 1.3% annual rate

[Reuters] US action on short-sellers likely in 'next few months' -DOJ official

[Yahoo/Bloomberg] Bill Ackman Says Icahn ‘Somewhat’ Like Archegos as Stock Plunges Anew

[Reuters] Chinese hackers spying on US critical infrastructure, Western intelligence says

[Yahoo/Bloomberg] Ukraine Recap: Wagner Exiting Bakhmut; Long Wait for F-16 Jets

[Yahoo/Bloomberg] Japan Raises Growth View in May as Spending, Production Rise

[Yahoo/Bloomberg] Traders Ramp Up Bets on Japan Inflation to Highest This Year

[Yahoo/Bloomberg] China Warnings Flash Across Global Markets as Growth Disappoints

[Reuters] German economy entered recession as inflation hurts consumers

[Reuters] The end of King Dollar? The forces at play in de-dollarisation

[Reuters] Turkey cenbank's net forex reserves negative for first time since 2002

[Yahoo/Bloomberg] Turkey Asks Banks to Buy Dollar Bonds as Market Pressure Mounts

[Reuters] Exclusive: From Russia with gold: UAE cashes in as sanctions bite

[Reuters] South Korea, US hold largest live-fire drills to respond to 'full-scale' attack

[Reuters] Iran says it has successfully test-launched ballistic missile

[NYT] Default on U.S. Debt Risks ‘Permanently’ Denting Nation’s Credit Rating

[WSJ] Inside Wall Street’s Playbook to Prevent Debt-Ceiling Chaos

[WSJ] New Bank of Japan Governor Sees Signs of Sustainable Inflation

[WSJ] China Hack Is Latest Challenge for West’s Diplomatic Reset With Beijing

[FT] Bank of Japan’s Ueda warns of policy risks as prices and wages rise

[FT] El-Erian: The stark ‘de-risking’ choice facing economies

[FT] China hits back after Microsoft says state-sponsored group hacked critical US infrastructure

[FT] The fall of Vice: private equity’s ill-fated bet on media’s future

Wednesday Evening Links

[Reuters] Wall St ends down as debt-ceiling clouds hover

[Yahoo/Bloomberg] US Stocks, Bonds Fall as Debt Impasse Continues: Markets Wrap

[Reuters] White House says US debt-ceiling talks with Republicans are productive

[Reuters] White House criticizes Republicans, says 'preventing default' is not a concession

[Politico] House Dems take pessimistic tone on debt as McCarthy pushes to ‘finish up’ talks

[The Hill] Democrats unanimously back debt ceiling discharge petition

[Reuters] Fed agreed need for more rate hikes after May meeting was 'less certain'

[Yahoo/Bloomberg] Fed Signals Readiness to Act in Case of Debt-Limit Instability

[Yahoo/Bloomberg] Former First Republic Employees Face DOJ Probe Over Stock Trades

[Bloomberg] Downtown LA’s Office Distress Shows the Pain Coming for Cities

[WSJ] Fed Officials Were Divided Over June Rate Pause

[FT] Debt ceiling talks to resume as McCarthy warns big gaps remain on some issues

[FT] Fed officials were ‘less certain’ about need for more interest rate rises

[FT] Gilt yields soar towards ‘mini’ Budget levels after inflation disappoints

[FT] Chinese group has hacked critical US infrastructure, Microsoft warns

Wednesday Afternoon Links

[Reuters] Wall St slides as debt ceiling talks drag on; Fed minutes in focus

[Yahoo/Bloomberg] Trader Bets on June Fed Rate Hike Mount Despite Debt-Limit Paralysis

[Reuters] White House, Republicans push ahead in US debt ceiling talks

[Reuters] Yellen maintains early June as U.S. debt ceiling deadline

[Yahoo/Bloomberg] Yellen Says Treasury Pushing for Debt-Limit Deal, Not Prepping for Default

[Reuters] Explainer: US debt ceiling focus on 'discretionary spending' means cuts ahead

[Yahoo/Bloomberg] The Odds of US Going Past Default Date Are 25% and Rising, JPMorgan Says

[Yahoo Finance] Fed’s Waller: 'I don’t support stopping rate hikes' until inflation cools

[Reuters] Fed's Waller sees a rate 'hike' or a 'skip' in June, but no 'stop'

[Reuters] Explainer: Why does the UK have such a painful inflation problem?

[WSJ] Fed’s June Rate Decision Is Close Call, Central Bank Official Says

[WSJ] China’s Risky Strategy to Control One-Third of the World’s Lithium Supply

[FT] Debt ceiling talks to resume as McCarthy warns big gaps remain on some issues

[FT] Traders predict more trouble ahead for UK bond market