Tuesday, May 30, 2023

Tuesday Evening Links

[Yahoo/Bloomberg] Stock Rally Loses Steam After AI-Fueled Euphoria: Markets Wrap

[Yahoo/Bloomberg] Oil Sinks Below $70 as Physical Market Signals Ample Supplies

[Reuters] Top US Republican McCarthy urges support for debt ceiling deal ahead of key vote

[Politico] McCarthy on track to overcome Rules rebellion over debt deal

[Politico] House conservatives threaten push to oust McCarthy over debt deal

[The Hill] Here are the House Republicans who said they will vote against debt ceiling bill

[Yahoo/Bloomberg] GOP Hard-Liner Calls for McCarthy’s Ouster Over Debt-Limit Deal

[Reuters] Risks lie ahead for US credit standing after tentative debt ceiling deal

[Yahoo/Bloomberg] Stock Traders Turn to Options for Desperate Chase to Catch the Tech Rally

[CNN] US says Chinese jet conducted ‘unnecessarily aggressive maneuver’ intercepting US spy plane over South China Sea

[NYT] Companies Push Prices Higher, Protecting Profits but Adding to Inflation

[FT] Hardline Republicans pledge to torpedo US debt ceiling deal

Tuesday Afternoon Links

[Yahoo/Bloomberg] S&P 500 Gains Wane After AI-Fueled Rally in Stocks: Markets Wrap 

[Reuters] Nvidia joins $1 trillion valuation club on booming AI demand

[Reuters] Oil slides 4% on worries about US debt ceiling, OPEC+ talks

[Politico] Conservatives threaten last-ditch Rules rebellion over debt deal

[CNBC] Debt ceiling bill faces a tough path in the House as GOP opposition grows

[Reuters] US consumer confidence ebbs; monthly house prices rise

[CNBC] Home price declines may be over, S&P Case-Shiller says

[The Hill] Americans owe $1 trillion in credit card debt

[Reuters] Putin says Ukraine drone strikes on Moscow aim to scare and provoke Russia

[WSJ] Debt-Ceiling Deal Does Little to Change Direction of Federal Spending, Economy

[WSJ] U.S. Pressured to Secure Persian Gulf After Iran Seizes Tankers

[FT] SVB’s collapse was one thing, Credit Suisse’s quite another

[FT] Shadow bank funding creates risks for big eurozone lenders, warns ECB

[FT] Vladimir Putin vows retaliation for drone attack on Moscow