Tuesday, October 24, 2023

Wednesday's News Links

[Yahoo/Bloomberg] Nasdaq Slides on Earnings; Alphabet Slumps: Markets Wrap

[Yahoo/Bloomberg] Oil Holds Losses as Fears of a Wider Middle East War Ease Back

[Reuters] Southern Gaza in Israel's sights as world leaders seek pause in fighting

[AP] Leader of Lebanon’s Hezbollah holds talks with senior Hamas and Palestinian Islamic Jihad figures

[Reuters] US House Republicans hope Johnson will fill long leadership vacancy

[Yahoo/Bloomberg] US Mortgage Rate Nears 8%, Further Suppressing Housing Demand

[CNBC] Adjustable-rate mortgage demand hits highest level in nearly a year as interest rates continue to climb

[Yahoo/Bloomberg] Strongest US Economic Growth Since 2021 Puts Fed in Tough Spot

[Yahoo/Bloomberg] Bond Market’s ‘Vicious Cycle’ Risk Puts Spotlight on Fed’s QT

[CNBC] Beef prices are at record highs — how much pricier will your steak get?

[Yahoo/Bloomberg] Goldman Wants Trading Derivatives to Be Easy as Buying on Amazon

[Yahoo/Bloomberg] China Signals Zero Tolerance For Sharp Economic Slowdown With Rare Steps

[Yahoo/Bloomberg] China Developer Country Garden Deemed in Default on Dollar Bond for First Time

[Yahoo/Bloomberg] China Money Markets Suggest Even More PBOC Support Required

[Reuters] Exclusive: China's cabinet curbs debt growth in 12 "high risk" regions - sources

[Yahoo/Bloomberg] Australia’s Hotter-Than-Expected Inflation Puts Hike in Play

[WSJ] Israel Battles on Multiple Fronts as Conflict Risks Spreading

[WSJ] What Can the Fed Do About the Deficit? Nothing

[FT] US moves to deter Iran ahead of Israel’s invasion of Gaza

[FT] Bailing out central banks

Tuesday Evening Links

[Reuters] Wall Street surges to close higher, powered by upbeat earnings, guidance

[Yahoo/Bloomberg] Oil Drops to Lowest in a Week as Israel Rethinks Ground Invasion

[Reuters] 'Humanitarian pause' in Hamas-Israel war is urged to aid Gaza civilians

[AP] US developing contingency plans to evacuate Americans from Mideast in case Israel-Hamas war spreads

[Reuters] Republican infighting torpedoes Tom Emmer's bid for US House speaker

[AP] UAW strikes at General Motors plant in Texas as union goes after automakers’ cash cows

[Reuters] Google-parent Alphabet's cloud division misses revenue estimates, as Microsoft’s cloud booms

[Yahoo/Bloomberg] The Last Time US Yields Rose So Much, It Sank the Economy Twice

[Reuters] As Israel-Hamas war rages, global finance chiefs in Saudi sound gloomy note

[NYT] The ‘Devil’s Playground’ of Urban Combat That Israel Is Preparing to Enter

[WSJ] Iranian-Backed Militias Mount New Wave of Attacks as U.S. Supports Israel

[WSJ] China Increases Bond Issuance to Help Its Economy