Debt Ceiling Looms Over Capitol as Congress Returns to Work
As Congress returns to work, the Senate plans to focus on nominees while the House tackles investigations. Source link
China’s Reopening Complicates Global Fight Against Inflation: WSJ
Stronger Chinese economy will boost demand for commodities but could ease supply-chain bottlenecks, sending mixed signals for central bankers… Source link
Crypto Banks Borrow Billions From Home-Loan Banks to Plug Shortfalls
MarketsCurrenciesCryptocurrencySignature and Silvergate turn to government-chartered lenders after customer withdrawals surge Source link
The Government Debt Threat Keeps Mounting: WSJ
If you thought the 2008 financial crisis was bad, wait until Washington has to stop borrowing. Source link
Big Banks Might Face Breakup, Top Regulator Says
PoliticsActing Comptroller of the Currency says size and complexity can make banks too big to manage Source link
At Davos, Mood Is Somber as Many CEOs Question Economic Outlook
BusinessBusiness leaders at the World Economic Forum also see signs of hope: ‘There are all kinds of shoes that could have dropped’ Source link
Workers Lose Ground to Inflation Despite Big Wage Gains
EconomyRecent data suggest a shift is under way, with paycheck totals gaining as inflation recedes Source link
BlackRock Profit Falls 23%: WSJ
The money-management firm’s assets under management increased to $8.6 trillion after three quarters of declines. Source link
Powell’s in Sweden. Rates Will Likely Go Higher Still Despite Companies’ Pain.
Investors looking at Federal Reserve Chairman Jerome Powell’s speech at a conference at Sweden’s Riksbank Tuesday will be tempted to carefully parse his words for any hint as to when the interest-rate increases will stop. There will probably be less nuance to his remarks than first appears. Powell will certainly utter a few on-the-one-hand, and […]
BYD’s Shares Fall After Warren Buffett Cuts Stake in Company Again
By Bingyan Wang Shares of BYD Co., the Chinese rival to Tesla, fell Tuesday after Warren Buffett further trimmed his holding in the company. The listed Chinese electric vehicle maker slid as much as 2.9% in morning trade in Hong Kong, while the benchmark Hang Seng Index was 0.4% lower. BYD’s shares in Shenzhen dropped […]