Tuesday, June 6, 2023

Wednesday's News Links

[Yahoo/Bloomberg] Stocks Waver With S&P 500 on Edge of Milestone: Markets Wrap

[Reuters] Turkish lira drops 7%, signalling move towards free market

[Reuters] World shares muted, lira plunges to record low

[Yahoo/Bloomberg] Oil Swings as Traders Weigh Demand Concerns Against Saudi Cut

[Yahoo Finance] Bank of Canada hikes another 25 basis points, bringing key rate to 4.75%

[AP] Is it a ‘skip’ or a ‘pause’? Federal Reserve won’t likely raise rates next week but maybe next month

[Yahoo/Bloomberg] SEC Seeks to Freeze Binance.US Assets and Protect Customer Funds

[CNBC] Binance U.S. clients have $2.2 billion ‘at significant risk’ after crypto exchange charged, SEC says

[Yahoo/Bloomberg] US Mortgage Applications for Purchases Drop for a Fourth Week

[Yahoo/Bloomberg] Wall Street’s Once-Hot Trades of 2023 Are Unraveling in Markets

[Reuters] McCarthy faces sudden challenge from hardliners after US debt ceiling bill

[AP] Canada wildfires are leading to air-quality alerts in US. Here’s how to stay safe

[Reuters] Ukrainians face homelessness, disease as floodwaters crest from destroyed dam

[AP] Persistent inflation, higher interest rates will weigh on global economy, OECD predicts

[Yahoo/Bloomberg] World Economy Set for Weak Inflation-Plagued Recovery, OECD Warns

[Yahoo/Bloomberg] China Exports Drop More Than Expected, Fueling Growth Risks

[Reuters] China's exports tumble in May, imports slow

[Yahoo/Bloomberg] China Traders Are Leveraging Up The Most on Record on Flush Cash

[Reuters] Morning Bid: China disappoints again, fanning speculation on stimulus

[Reuters] China property liquidation risk heightened by delisting threat, says S&P

[Yahoo/Bloomberg] China Big Four State Banks Said to Cut Dollar Deposit Rates

[Yahoo/Bloomberg] China’s Fatal Heat Shows Risks of Another Scorching Asian Summer

[Reuters] China's wheat growers face 'disaster' after heavy rain batters crop

[Yahoo/Bloomberg] ECB Officials Urge Higher Rates Even as Inflation Retreats

[Yahoo/Bloomberg] Australia’s Economy Cools as Aggressive Rate Hikes Take Toll

[Reuters] China, Russia launch joint air patrol, alarms South Korea

[WSJ] Treasury’s $1 Trillion Debt Deluge Threatens Market Calm

[WSJ] Buy Now, Pay Later Is Boosting Sales. But Signs of Users’ Stress Are Emerging.

Tuesday Evening Links

[Yahoo/Bloomberg] Financials Lead US Stock Gains; Bonds Slide: Markets Wrap

[Reuters] US stocks end up as Fed, CPI loom large next week

[Yahoo Finance] Housing: Lenders recoil from jumbo mortgages that back pricier homes

[Yahoo/Bloomberg] US Public Transit Systems Face Credit Downgrades as Riders Stay Away

[Reuters] Analysis: Destruction of Kakhovka dam takes Ukraine war into uncharted territory

[Reuters] US slaps sanctions on Iranian, Chinese targets over Tehran's missile, military programs

[Reuters] Canada on track for its worst-ever wildfire season

[FT] SEC lawsuits escalate Gary Gensler’s assault on crypto markets

Tuesday Afternoon Links

[Reuters] S&P 500, Nasdaq rise as banks advance; Fed meet in focus

[Yahoo/Bloomberg] Oil’s Saudi-Driven Gains Dissipate Amid Persistent Demand Fears

[Reuters] US SEC sues crypto platform Coinbase, one day after suing Binance

[Reuters] Ukraine war zone villagers flee floods after massive dam destroyed

[Yahoo/Bloomberg] Ukraine Nuclear Plant Faces New Threat From Dam’s Destruction