By Andrea Shalal WASHINGTON (Reuters) -A top White House economist on Tuesday said Federal Reserve interest rate hikes aimed at curbing inflation were having a negative impact on the banking sector, a[...]
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May 2, 2023
Indexes fall 1% as regional banks tumble, investors fret before Fed
By Caroline Valetkevitch NEW YORK (Reuters) – Major U.S. stock indexes fell more than 1% each on Tuesday as regional bank shares tumbled on renewed fears over the financial system and as investo[...]
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Fund managers at Milken eye fixed income as stocks, real estate lose luster
By Svea Herbst-Bayliss and Carolina Mandl BEVERLY HILLS (Reuters) – Prominent investors including hedge fund and private equity managers at a major industry conference say they are shying away f[...]
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Marketmind: Crisis over? Don’t bank on it
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Maybe the U.S. banking turmoil of March 2023 wasn’t boxed up, tied with a bow, and neatly shelve[...]
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Stocks sink; Treasury yields, dollar fall; Fed, debt ceiling in focus
By Sinéad Carew NEW YORK (Reuters) – Wall Street stock indexes closed lower on Tuesday, a day ahead of the Federal Reserve’s interest rate decision, while U.S. Treasury yields fell as inve[...]
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Biden administration ramps up data exchange program to boost US supply chains
By David Shepardson WASHINGTON (Reuters) – The Biden administration on Tuesday said it was ramping up a program to address supply chain issues by getting truckers, shippers, wholesalers, retaile[...]
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Explainer: How the Fed might act in a US default
(Reuters) – Federal Reserve Chair Jerome Powell at his press conference on Wednesday is likely to get asked – again – what contingencies he plans for in the event of a U.S. debt defa[...]
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Increased green tax-credit costs are a sign of success, White House’s Podesta says
By Andy Sullivan WASHINGTON (Reuters) – A top White House official said on Tuesday that he was not concerned that President Joe Biden’s signature clean-energy law could cost more than orig[...]
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LIBOR successor in home stretch for transition in giant US swaps market
By Gertrude Chavez-Dreyfuss and John McCrank NEW YORK (Reuters) – A decade after a manipulation scandal turned global regulators and investors against the London Interbank Offered Rate (LIBOR) a[...]
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