Summary Of the Markets Today:
- The Dow closed down 370 points or 1.08%,
- Nasdaq closed down 1.82%,
- S&P 500 closed down 1.64%,
- Gold $1,940 down $27.20,
- WTI crude oil settled at $90 down $0.02,
- 10-year U.S. Treasury 4.486% up 0.139 points,
- USD Index $105.39 up $0.270,
- Bitcoin $26,596 down $368,
*Stock data, cryptocurrency, and commodity prices at the market closing.
Click here to read our Economic Forecast for September 2023
Today’s Economic Releases Compiled by Steven Hansen, Publisher:
The Philly Fed’s September 2023 Manufacturing Business Outlook Survey declined as indicators for general activity, new orders, and shipments returned to negative territory after turning positive in August. Manufacturing remains in a recession.
In the week ending September 16, the advance figure for seasonally adjusted unemployment initial claims 4-week moving average was 217,000, a decrease of 7,750 from the previous week’s revised average. The previous week’s average was revised up by 250 from 224,500 to 224,750. There is no indication of an economic slowdown in these unemployment claims.
Existing-home sales moved lower in August, according to the National Association of REALTORS®. Among the four major U.S. regions, sales improved in the Midwest, were unchanged in the Northeast, and slipped in the South and West. All four regions recorded year-over-year sales declines.
The National Association of Realtor’s existing home sales declined 0.7% month-over-month and down 15.3% year-over-year. Total housing inventory declined 14.1% from one year ago. The median existing-home price for all housing types in August was $407,100, an increase of 3.9% from August 2022. NAR Chief Economist Lawrence Yun added:
Home sales have been stable for several months, neither rising nor falling in any meaningful way. Mortgage rate changes will have a big impact over the short run, while job gains will have a steady, positive impact over the long run. The South had a lighter decline in sales from a year ago due to greater regional job growth since coming out of the pandemic lockdown.
The Conference Board Leading Economic Index (LEI) for the U.S. declined by 0.4 percent in August 2023 to 105.4 (2016=100), following a decline of 0.3 percent in July. The LEI is down 3.8 percent over the six-month period between February and August 2023—little changed from its 3.9 percent contraction over the previous six months (August 2022 to February 2023). Note that the authors of this index continue to project a recession but I have yet to see any recession indication in the broad economy inside the data I review. Justyna Zabinska-La Monica, Senior Manager, Business Cycle Indicators, at The Conference Board stated:
With August’s decline, the US Leading Economic Index has now fallen for nearly a year and a half straight, indicating the economy is heading into a challenging growth period and possible recession over the next year. The leading index continued to be negatively impacted in August by weak new orders, deteriorating consumer expectations of business conditions, high interest rates, and tight credit conditions. All these factors suggest that going forward economic activity probably will decelerate and experience a brief but mild contraction. The Conference Board forecasts real GDP will grow by 2.2 percent in 2023, and then fall to 0.8 percent in 2024.
Here is a summary of headlines we are reading today:
- Germany Makes New Energy Savings Measures Mandatory
- New BRICS Members Solidify The Bloc’s Renewable Leadership
- MBS To Fox: Saudi Arabia Will Get Nuclear Arms If Iran Does
- Russia Attacks Ukraine’s Energy Infrastructure Ahead Of Winter
- Russia Curbs Gasoline And Diesel Exports To Stabilize Domestic Prices
- ow tumbles more than 300 points to notch third day of losses amid fears of higher rates, government shutdown
- Here’s everything Microsoft announced at its Surface and Copilot event in New York
- Bitcoin sinks below $27,000 after Fed signals keeping rates higher for longer: CNBC Crypto World
- 10-year Treasury yield hits its highest level since 2007 as jobless claims decline
- Musk’s SpaceX Countersues DOJ, Says Case Over Refusal To Hire Refugees Is Unconstitutional
- Bitcoin Vs Ethereum: A Culture War Rooted In First Principles
- Bond Report: 2-year Treasury yield carves out another 17-year high after hawkish Fed meeting
Click on the “Read More” below to access these, other headlines, and the associated news summaries moving the markets today.
The Market in Perspective
| Here are the headlines moving the markets. | |
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Ukraine Back In U.S. Political SpotlightWhen Joe Biden defeated incumbent Donald Trump in the November 2020 presidential contest, it ended a tense election struggle in which a country that had never played more than a bit part in U.S. politics — Ukraine — suddenly had a substantial role. Kyiv had been thrust into the U.S. political spotlight after Trump was accused of pressuring newly elected Ukrainian President Volodymyr Zelenskiy during a 2019 phone call to dig up dirt on the Biden family’s activities in Ukraine, leading to an explosive, monthslong impeachment trial in Washington.With… Read more at: https://oilprice.com/Geopolitics/International/Ukraine-Back-In-US-Political-Spotlight.html |
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Germany Makes New Energy Savings Measures MandatoryGermany passed on Thursday a bill that would make energy savings measures mandatory across all economic sectors, according to media. The new law, called The Energy Efficiency Act, would regulate energy savings in public buildings, industry, and data centers in hopes of reducing energy consumption by 26.5% by 2030 compared to 2008. The Energy Efficiency Act goes beyond the measures Germany took last year when it was operating under the fear that energy supplies could run short in the wake of Russia restricting gas supplies. In August of last year,… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Germany-Makes-New-Energy-Savings-Measures-Mandatory.html |
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Rishi Sunak Faces Heat As Labour Pushes Back On Petrol Policy DelayThe Labour Party has pledged it would reinstate the ban on the sale of new petrol and diesel cars from 2030 if elected into government. Shadow environment secretary Steve Reed confirmed Sir Keir Starmer’s party would reverse the Prime Minister’s decision yesterday to delay the policy for five years. Rishi Sunak made the announcement yesterday at a hastily organised press conference in Downing Street in which he laid out what he called a “pragmatic, proportionate and realistic” strategy for the UK to reduce its carbon emissions.… Read more at: https://oilprice.com/Energy/Energy-General/Rishi-Sunak-Faces-Heat-As-Labour-Pushes-Back-On-Petrol-Policy-Delay.html |
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Researchers Break Barriers In Efficient Low-Temperature Energy ConversionUlsan National Institute of Science and Technology (UNIST) research team has achieved significant breakthroughs in harnessing low-grade heat sources (<100° C) for efficient energy conversion. The research team is jointly led by Professor Hyun-Wook Lee and Professor Dong-Hwa Seo from the School of Energy and Chemical Engineering at the Ulsan National Institute of Science and Technology (UNIST), in collaboration with Professor Seok Woo Lee from Nanyang Technological University in Singapore. The study findings have been published ahead of their… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Researchers-Break-Barriers-In-Efficient-Low-Temperature-Energy-Conversion.html |
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New BRICS Members Solidify The Bloc’s Renewable LeadershipThe planned expansion of the BRICS bloc, through the addition of new members Saudi Arabia, Iran, United Arab Emirates (UAE), Egypt, Ethiopia and Argentina, will transform the grouping into a global leader in renewable energy in the coming decades, Rystad Energy research shows. The six new members will join the BRICS group of Brazil, Russia, India, China and South Africa in January 2024. As the transition to cleaner technology accelerates, the alliance is projected to derive over 80% of its power from renewable sources by 2050, with total capacity… Read more at: https://oilprice.com/Alternative-Energy/Renewable-Energy/New-BRICS-Members-Solidify-The-Blocs-Renewable-Leadership.html |
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Chevron Agrees To Terms That Could End Strike At LNG FacilitiesChevron has agreed to the terms and recommendations made by Australia’s Fair Work Commission in a move that could end the strikes at Australia’s LNG facilities. “After considering the recommendation, Chevron has accepted the recommendation to resolve all outstanding issues and finalise the agreements,” a Chevron spokesperson said on Thursday. “We have informed the Commissioner of our position and written to the unions and other employee bargaining representatives confirming our acceptance.” The union, however, has said only that it is meeting… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Chevron-Agrees-To-Terms-That-Could-End-Strike-At-LNG-Facilities.html |
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MBS To Fox: Saudi Arabia Will Get Nuclear Arms If Iran DoesCrown Prince Mohammed bin Salman (MbS) said in an exclusive Fox News interview published Wednesday that Saudi Arabia will obtain a nuclear weapon if its number one regional rival does so first. “If they get one, we have to get one,” MbS told Fox’s ‘Special Report’ anchor Bret Baier when asked what the kingdom would do if Iran builds a nuclear weapon. BREAKING: If Iran gets nuclear weapon, we will get it too, Saudi Arabia’s Crown Prince Mohammad Bin Salman says in an interview with Fox News pic.twitter.com/rIpAuBSOWO — Insider Paper (@TheInsiderPaper)… Read more at: https://oilprice.com/Geopolitics/Middle-East/MBS-To-Fox-Saudi-Arabia-Will-Get-Nuclear-Arms-If-Iran-Does.html |
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Nagorno-Karabakh Announces Readiness To Surrender Following Azerbaijan OffensiveThe de facto Armenian administration of Nagorno-Karabakh declared its readiness to surrender to Azerbaijan, avoiding further bloodshed following the start of the latter’s offensive a day earlier. The population of the region has been under Azerbaijani blockade since December. The local army, the Artsakh Defense Force, had no help from Armenia this time, and was massively outgunned. On September 20, the Nagorno-Karabakh de facto authorities announced that they had reached agreement on the “complete cessation of hostilities,” through… Read more at: https://oilprice.com/Geopolitics/International/Nagorno-Karabakh-Announces-Readiness-To-Surrender-Following-Azerbaijan-Offensive.html |
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Subtropical Depression Threatens Northeastern U.S. This WeekendAs Hurricane Nigel churns in the Atlantic Ocean, weather forecasters are closely watching the possibility of a subtropical depression or storm forming off the Southeast coast later this week and could swamp the Mid-Atlantic and Northeast by the weekend. The National Hurricane Center expects a non-tropical area of low pressure to form east of the Florida coast by late week: “This system could acquire some subtropical characteristics this weekend while it moves generally northward. “Regardless of subtropical development, this low could… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Subtropical-Depression-Threatens-Northeastern-US-This-Weekend.html |
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Russia Attacks Ukraine’s Energy Infrastructure Ahead Of WinterRussia launched missile attacks on Ukrainian energy facilities on Thursday, in one of the biggest attacks on Ukraine’s energy infrastructure in months. Missile attacks overnight caused damage to power facilities in the western and central parts of Ukraine, CNN’s Fred Pleitgen reported from Zaporizhzhia. The biggest attack on Ukraine’s energy infrastructure comes as the country is preparing for the winter. Ukraine said that the latest attacks were the largest massive aerial strikes on energy facilities in six months. Russia… Read more at: https://oilprice.com/Geopolitics/Europe/Russia-Attacks-Ukraines-Energy-Infrastructure-Ahead-Of-Winter.html |
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Iraq Discusses Natural Gas Investments With U.S. FirmsIraq’s Prime Minister Mohammed Shiaa al-Sudani is meeting this week in New York with representatives of dozens of U.S. energy companies to pitch potential investments in the Iraqi natural gas sector. “My government is serious about investment in gas and to be an active and powerful player in the gas market,” the Iraqi official has told Bloomberg Television in an interview. Al-Sudani has already met with U.S. companies operating in the semi-autonomous Iraqi region of Kurdistan and planning to expand in other parts of Iraq. The… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Iraq-Discusses-Natural-Gas-Investments-With-US-Firms.html |
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Aramco May Acquire More International Oil & Gas AssetsThe role of Saudi Aramco has always been seen as that of a national oil company, deeply integrated into the Kingdom’s operations and serving as a significant player in the oil market. It has aimed to avoid discussions about market power and the influence on oil prices, issues that often concern international oil companies (IOCs) like Shell, TotalEnergies, ENI, and their American counterparts. As of now, Saudi Aramco is officially recognized as a National Oil Company (NOC), and the markets view it as a stable and conservative presence in the oil… Read more at: https://oilprice.com/Energy/Energy-General/Aramco-May-Acquire-More-International-Oil-Gas-Assets.html |
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Europe’s Natural Gas Prices Dip As Supply Concerns EaseEurope’s benchmark natural gas prices fell on Thursday as signs emerged that supply risks from Australia and Norway have eased. The front-month futures at the Dutch TTF hub, the benchmark for Europe’s gas trading, dropped by 2.7% to $38.58 (36.28 euros) per megawatt (MWh) as of 11:25 a.m. GMT on Thursday after a massive Norwegian gas field started ramping up production after maintenance, and after the labor dispute at Chevron’s LNG export facilities in Australia could be nearing its end. Chevron and the trade unions that have… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Europes-Natural-Gas-Prices-Dip-As-Supply-Concerns-Ease.html |
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Russia Curbs Gasoline And Diesel Exports To Stabilize Domestic PricesRussia is temporarily restricting exports of gasoline and diesel to stabilize fuel prices on the domestic market, the Russian government said on Thursday, ending weeks of speculation that authorities would limit exports in the face of soaring prices and shortages due to higher crude prices and weak Russian ruble. “The temporary restrictions will help raise supply on the fuel market, which in turn will reduce prices for consumers,” the Russian government said. Before the temporary restrictions were enacted, Russia had raised the mandatory… Read more at: https://oilprice.com/Energy/Energy-General/Russia-Curbs-Gasoline-And-Diesel-Exports-To-Stabilize-Domestic-Prices.html |
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Canada To Start Partial Sale Of Trans Mountain Oil PipelineThe Canadian federal government expects to start the sale process for the Trans Mountain oil pipeline next week with a meeting with indigenous groups interested in buying a stake, Bloomberg reported on Thursday, citing sources with knowledge of the plans. Around 130 indigenous groups have expressed interest in buying a stake in the pipeline which carries crude from Alberta’s oil sands to British Columbia on the Pacific Coast. Representatives from the federal government and the indigenous groups are set to meet as early as next… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Canada-To-Start-Partial-Sale-Of-Trans-Mountain-Oil-Pipeline.html |
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Dow tumbles more than 300 points to notch third day of losses amid fears of higher rates, government shutdownStocks fell, deepening losses for the week, as yields climbed to multiyear highs amid the Fed’s plan to keep interest rates at higher levels for longer. Read more at: https://www.cnbc.com/2023/09/20/stock-market-today-live-updates.html |
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States announce major push to get to 20 million installed heat pumps, a cleaner alternative to gas furnaces that also provide ACHeat pumps are energy efficient replacements for fossil fuel powered furnaces and air conditioners. They use electricity to transfer rather than generate heat. Read more at: https://www.cnbc.com/2023/09/21/states-push-to-get-to-20-million-installed-heat-pumps-by-2030.html |
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Former Bridgewater CEO Dave McCormick would get big money backing for Pennsylvania U.S. Senate runRepublican Dave McCormick is set to receive wealthy donor support once he announces his 2024 Senate campaign against Democrat Bob Casey in Pennsylvania. Read more at: https://www.cnbc.com/2023/09/21/dave-mccormick-set-for-pennsylvania-senate-run-fundraising.html |
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Here’s everything Microsoft announced at its Surface and Copilot event in New YorkMicrosoft announced fresh AI capabilities for advertisers, along with new Surface PCs and a Windows update. Read more at: https://www.cnbc.com/2023/09/21/heres-everything-microsoft-announced-at-its-surface-and-copilot-event-in-new-york.html |
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What higher-for-longer Fed policy will mean for the markets and economyWhat the central bank truly conveyed, and what has rattled markets, is that the long-term rates trajectory is higher. Read more at: https://www.cnbc.com/2023/09/21/what-higher-for-longer-fed-policy-will-mean-for-the-markets-and-economy.html |
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Bitcoin sinks below $27,000 after Fed signals keeping rates higher for longer: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Chen Arad, co-founder and chief external affairs officer of Solidus Labs, breaks down the findings of the digital asset security startup’s latest crypto market manipulation report on wash trading activity. Read more at: https://www.cnbc.com/video/2023/09/21/bitcoin-sinks-below-27000-after-fed-plan-to-keep-rates-higher-for-longer-cnbc-crypto-world.html |
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Where key issues stand as UAW closes in on extended strikes against GM, Ford and StellantisThe UAW and General Motors, Ford Motor and Stellantis are all holding their ground on demands, and it appears likely the union will strike additional plants. Read more at: https://www.cnbc.com/2023/09/21/uaw-strike-top-issues-where-gm-ford-and-stellantis-stand.html |
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JPMorgan legal fees in Jeffrey Epstein sex traffic cases near $14 million, former exec revealsJPMorgan Chase has racked up $13.8 million in legal fees defending itself against allegations of facilitating Jeffrey Epstein’s sex trafficking operation. Read more at: https://www.cnbc.com/2023/09/21/jpmorgan-legal-fees-in-jeffrey-epstein-sex-traffick-cases-revealed.html |
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1 dead, dozens hurt after charter bus carrying high school band members crashes on I-84 in NYMembers of the Farmingdale High School band were on board the bus, according to officials from the Long Island school Read more at: https://www.cnbc.com/2023/09/21/1-dead-dozens-hurt-after-charter-bus-carrying-high-school-band-members-crashes-on-i-84-in-ny.html |
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10-year Treasury yield hits its highest level since 2007 as jobless claims declineU.S. Treasury yields climbed on Thursday, with the 10-year and 2-year yields reaching levels last seen over a decade ago. Read more at: https://www.cnbc.com/2023/09/21/us-treasurys-investors-digest-fed-rate-decision.html |
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Some student loan borrowers have extra time before payments restart. Here’s whyThe Biden administration has made it clear that student loan borrowers’ payments will restart in October. But some people may have a little more time. Read more at: https://www.cnbc.com/2023/09/21/some-student-loan-borrowers-have-extra-time-before-payments-restart.html |
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Saudi crown prince says he will keep ‘sportswashing’ as criticism of the practice growsSaudi Crown Prince Mohammed bin Salman embraced ‘sportswashing’ criticism in a Fox News interview, saying the practice has led to a growth of GDP. Read more at: https://www.cnbc.com/2023/09/21/saudi-crown-prince-mohammed-bin-salman-says-he-will-keep-sportswashing.html |
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Some notable investors scored a win with Splunk takeover — Here’s what they are betting on nextJeff Smith and Alex Sacerdote hit a home run when Cisco’s buyout of cybersecurity software company Splunk sent shares surging. Read more at: https://www.cnbc.com/2023/09/21/notable-investors-won-big-on-splunk-what-theyre-betting-on-next.html |
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Musk’s SpaceX Countersues DOJ, Says Case Over Refusal To Hire Refugees Is UnconstitutionalAuthored by Zachary Stieber via The Epoch Times, Elon Musk’s space company has countersued President Joe Biden’s administration, alleging its lawsuit against the company for refusing to hire refugees and asylees is unconstitutional.
The U.S. Department of Justice (DOJ) in August sued SpaceX, saying the company violated U.S. immigration law by repeatedly turning away job applicants with refugee or asylee status. SpaceX responded that it was following federal law governing companies that deal with sensitive technology. In the new filing, th … Read more at: https://www.zerohedge.com/political/musks-spacex-countersues-doj-says-case-over-refusal-hire-refugees-unconstitutional |
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“Large Number Of Issues Settled”: Strikes At Australian LNG Plants Might End As Early As FridayChevron Corp. and labor unions at its liquefied natural gas plants in Australia may be close to resolving labor contract disputes as soon as this Friday. This would end the strikes that have been ongoing since September 8 and have sparked volatility in global NatGas markets due to supply concerns. Bloomberg said Australia’s labor regulator is working closely with Chevron and the labor unions to resolve remaining contract disputes. “The parties are on the precipice of achieving historical first enterprise agreements,” the Fair Work Commission (FWC) wrote in a statement Thursday, adding, “A large number of issues have been settled. However, a failure to settle all of the outstanding issues will result in those agreed provisions simply evaporating.” Western Australia Secretary for the Australian Workers’ Union, Brad Gandy, said union members will meet Thursday evening to review the new offer: “We will take direction from our members in how we respond.” FWC said both parties “have spent countless hours at the negotiating table” and “would be a pity and very frustrating to simply throw out these agreed positions” by failing to compromise on specific demands. Bloomberg said, “Workers at Chevron’s Wheatstone offshore platform could be offered a field loading allowance — compensation for the remote nature of th … Read more at: https://www.zerohedge.com/commodities/large-number-issues-settled-strikes-australian-lng-plants-might-end-early-friday |
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Bitcoin Vs Ethereum: A Culture War Rooted In First PrinciplesAuthored by Willem Schroe via BitcoinMagazine.com, Bitcoin and Ethereum, despite acting as twin forces for accelerating and adopting cryptocurrencies and blockchain technologies, have historically been at odds with each other due to the “L1 wars” and their vocal online proponents. To some, the rivalry may seem like a mere culture war within the crypto community. However at its’ root, it’s a reflection of distinct foundational beliefs resulting in divergence.
Let’s delve deeper into these foundational beliefs: BITCOIN: A BEACON OF DECENTRALIZATION (AND LIQUIDITY)Bitcoin was designed to challenge traditional financial systems, presenting an alternative that removed the need for intermediaries. The support base resonates with this aim, and thus places decentralization as its’ primary c … Read more at: https://www.zerohedge.com/crypto/bitcoin-vs-ethereum-culture-war-rooted-first-principles |
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Supreme Court May Put Administrative-State On Chopping-Block In Upcoming Term, Lawyers SayAuthored by Matthew Vadum via The Epoch Times, The Supreme Court may take steps to roll back the administrative state in its approaching term that begins next month, according to lawyers who frequently appear before the nation’s highest court. The lawyers were appearing at a Sept. 20 event hosted by The Heritage Foundation think tank.
Attorney Paul Clement of the law firm of Clement and Murphy in Washington participated. Mr. Clement was U.S. solicitor general under President George W. Bush from July 2004 to June 2008. Also participating was attorney Lisa Blatt, a partner at the law firm of Williams and Connolly in Washington. The court agreed on June 30 to hear Securities and Exchange Commission (SEC) v. Jarkesy (court file 22-859) at some point in the u … Read more at: https://www.zerohedge.com/political/supreme-court-may-put-administrative-state-chopping-block-upcoming-term-lawyers-say |
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Rupert Murdoch steps down as Fox and News Corp chairman in favour of son LachlanMedia mogul Rupert Murdoch is stepping down as chairman, ending a 70-year career. Read more at: https://www.bbc.co.uk/news/business-66881306?at_medium=RSS&at_campaign=KARANGA |
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UK interest rate freeze ends run of 14 straight increasesThe surprise decision comes as the Bank of England says price rises are slowing faster than expected. Read more at: https://www.bbc.co.uk/news/business-66875739?at_medium=RSS&at_campaign=KARANGA |
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Interest rates: How the Bank of England’s decision affects you and your moneyThe Bank of England has held interest rates at 5.25%, bringing a run of 14 consecutive rises to an end. Read more at: https://www.bbc.co.uk/news/business-57764601?at_medium=RSS&at_campaign=KARANGA |
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How strong dollar, high rates make it tough for emerging markets“The largest emerging market which is China, is having a very poor year. And so out with China, we have seen a little bit of strength in some of the largecap tech stocks in Taiwan and Korea. India has proved to be a bit more resilient. But it is not a strong environment for emerging markets and because China is doing poorly, when I speak to emerging market fund managers, they are trying hard not to have redemptions.” Read more at: https://economictimes.indiatimes.com/markets/expert-view/strong-dollar-and-high-interest-rates-a-classic-tough-environment-for-emerging-markets-adrian-mowat/articleshow/103825736.cms |
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10-year yields hit 16-year peak as Fed seen higher for longerThe U.S. central bank held interest rates steady, as was widely expected, and said that its benchmark overnight interest rate may still be lifted one more time this year to a peak 5.50%-5.75% range Read more at: https://economictimes.indiatimes.com/markets/bonds/10-year-yields-hit-16-year-peak-as-fed-seen-higher-for-longer/articleshow/103844393.cms |
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Tech View: Nifty indicators blink sell. What traders should do on FridayThe next important support to be watched is around 19,550 levels, which is a weekly 10-period EMA. Minor upside bounce is to be expected from the supports, but the said bounce could be a sell-on-rise opportunity, said Nagaraj Shetti of HDFC Securities. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/tech-view-nifty-indicators-blink-sell-what-traders-should-do-on-friday/articleshow/103839687.cms |
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Bond Report: 2-year Treasury yield carves out another 17-year high after hawkish Fed meetingTreasury yields end at their highest levels in a dozen years or more as investors absorb the Federal Reserve’s message of higher-for-longer interest rates. Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C06575-04D4-B545-7269-797EE873BC5A%7D&siteid=rss&rss=1 |
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Key Words: Vista’s Robert Smith calls on leaders to stop ‘assault on affirmative action’Robert Smit of Vista Equity Partners called on political leaders to support affirmative action policies at a Congressional Black Caucus event Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C06575-04D4-B545-726A-38E28DB62D59%7D&siteid=rss&rss=1 |
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Traders and investors see opportunity in high-stakes ‘musical chairs’ of Chinese stocks, Stocktwits says“Investors still think they can play this high-stakes game of musical chairs,” said Tommy Tranfo, head of community at Stocktwits. Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C06575-04D4-B545-726A-3EF0016165A8%7D&siteid=rss&rss=1 |
