The two newly identified omicron subvariants, dubbed BQ.1 and BQ.1.1, are spreading fast in the New York region and could account for up to 37% of new cases,...
The Real Deal New YorkA selloff in U.S. government bonds resumed on Wednesday, pushing the benchmark 10-year Treasury yield to its highest level since mid-2008, as investors largely shrugged off a weak housing report and expected the Federal Reserve to remain aggressive in tightening rates. U.S. 10-year yields rose to 4.…
Temporary forces that pushed annualized inflation into the double-digits are going into reverse. The remainder is being determined (mostly) by the pace of wage growth and persistently high margins.
The Real Deal New YorkOct 19 (Reuters) –
The Real Deal New YorkFee income will be more reliable than interest income if there is a hard landing.
The Real Deal New YorkU.S. stocks retreated on Wednesday after two straight days of gains, as weakness in shares of Abbott Laboratories and a climb in Treasury yields took some momentum away from the current earnings season and outweighed a surge in Netflix Inc shares.
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Citigroup Global Markets Holdings Inc....
Grant calls it one of the most “brilliant” management styles.
M&T Bank reported fewer commercial real estate loans in the third quarter as rising rates stymied demand from multifamily borrowers.
The Real Deal New YorkSusan M. Collins, president and CEO of the Federal Reserve Bank of Boston since July, spoke to Mainebiz after her first visit to Maine to meet with political, business and nonprofit leaders.
Common DreamsGoldman Sachs Group Inc will reorganize its business into three units and scale back ambitions for its consumer bank, it said on Tuesday, as the Wall Street giant reported a smaller-than-expected 44% slump in third-quarter profit.
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Britain reversed course on an economic plan and Bank of America was the latest financial company to post solid results.
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The Harvard economist is an unlikely figure to be discussing the new phrase that caught fire on social media this year.
With so many macro variables at play, these are the digital assets to monitor closely.
Common DreamsOne economist warned that the Federal Reserve is at risk of hurling the U.S. “into a depression.”
'It's a double whammy': September retail sales and inflation do not bode well for the holiday shopping season Morningstar
Morningstar, Inc.The Federal Reserve was rocked by scandal over trading by three of its officials. Now, the head of the Atlanta Fed is reporting undisclosed transactions.
NYTimesWhere the markets go from here depends on whether and how deftly the Federal Reserve pivots from its hawkish stance.
NYTimesCompanies and analysts are both cutting estimates in the face of a difficult economy. Investors should pay close attention to company guidance, not for this quarter but for 2023.
Oct 15 (Reuters) –
NYTimes
