Joe Rennison
Posts
What Would Happen if the U.S. Defaulted on Its Debt
Investors, executives and economists are preparing contingency plans as they consider the turmoil that would result from a default in the $24 trillion U.S. Treasury...
How Wall Street Is Preparing for a Debt Ceiling Showdown
Stocks aren’t showing signs of panic about the government’s ability to pay its bills, but there is anxiety creeping into other markets.
Bank Stocks Bounce as Investors Rethink Economic Outlook
PacWest and Western Alliance, the banks at the center of the latest phase of the crisis, recouped a chunk of earlier losses, as robust economic...
Markets Sink on Fears About Banks and Weaker Economic Outlook
The relative calm that met the collapse of First Republic Bank on Monday was shattered on Tuesday, with broad-based declines across industries.
Markets Shrug Off First Republic Failure
The bank’s collapse stopped short of derailing the broader market, with markets focusing instead on corporate profits and the Federal Reserve’s next decision on interest...
First Republic’s Shares Slide as Its Fate Remains Uncertain
Among investors at least, First Republic’s troubles seem contained to the bank itself. The S&P 500 and an index of bank stocks were higher on...
Dour Earnings Loom Over Wall St. as a Slowing Economy Bites
The outlook for corporate profits has swiftly deteriorated, with inflation still fast and a banking scare prompting some investor caution.
Markets hold steady ahead of the latest inflation report.
The New York Times - Business: This post first appeared in The New York Times - Business. Read the original article.
An edgy bond market eyes the hiring data for signs of recession.
The New York Times - Business: This post first appeared in The New York Times - Business. Read the original article.
Bond Trading May Be Sending a Recession Warning
Wild swings in the Treasury market are unlike anything many investors today had seen. They’re also potentially warning of a recession.