by Bloomberg.com | Sep 26, 2023 | AlphaTack Intel
Tesla Inc. Chief Executive Officer Elon Musk blasted the United Auto Workers Tuesday, saying the union’s demands would “drive GM, Ford and Chrysler bankrupt in the fast lane.” President Joe Biden endorsed the UAW’s demand for a major wage increase during a visit to a...
by Bloomberg.com | Sep 25, 2023 | AlphaTack Intel
Wall Street prime brokers say clients ramped up short selling Bears benefit as the most-shorted stocks led the market rout As the cross-asset selloff engulfed Wall Street last week, hedge funds ramped up their bets against stocks while one measure of their market...
by Bloomberg.com | Sep 22, 2023 | AlphaTack Intel
BofA says banks seek ‘extra buffer’ in case deposits leave Large time deposits have risen $675 billion since June 2022 Banks are paying up to protect their cash holdings from sinking further and to safeguard against future runs on deposits, according to Bank of...
by Bloomberg.com | Sep 20, 2023 | AlphaTack Intel
Powell stresses ‘careful’ approach in Wednesday press briefing Officials now see less easing next year than they anticipated Federal Reserve Chair Jerome Powell made clear Wednesday the central bank is close to done raising interest rates, but his colleagues delivered...
by Bloomberg.com | Sep 19, 2023 | AlphaTack Intel
Debt up a ‘staggering’ $100 trillion in past decade, IIF says Liabilities as a share of global GDP fell as inflation surged Global debt climbed by $10 trillion in the first half of 2023, resuming its upward march as a share of the world economy after falling for close...
by Bloomberg.com | Sep 13, 2023 | AlphaTack Intel
The growth in housing costs eased in August, but not enough to bring inflation down to where it needs to be. The shelter component in the latest Consumer Price Index (CPI) rose 0.3% in August from the previous month, the Bureau of Labor Statistics reported Wednesday,...
