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MarketWatch
This week’s big rebound in stocks means the bear market is alive and well
Caution: The stock market’s explosive rise in the past two days doesn’t necessarily mean the bear market is over. If anything, the rally suggests that the bear market is alive and well. It’s because daily spikes happen more frequently during bear than bull markets.
Bloomberg
Wall Street Sees S&P 500 Falling Further After Bear-Market Bounce
(Bloomberg) — Some of Wall Street’s biggest banks aren’t buying this stock-market rally.Most Read from BloombergMusk Revives $44 Billion Twitter Bid, Aiming to Avoid TrialLoretta Lynn, Coal Miner’s Daughter And Country Queen, DiesElon Musk Sets Off Uproar in Ukraine by Tweeting His ‘Peace’ PlanBiden, Kishida Condemn North Korean Missile Launch Over JapanStock Shorts Fold in Best Two-Day Rally Since 2020: Markets WrapFirms from HSBC Holdings Plc to Credit Suisse Group AG are skeptical that the S
MarketWatch
Your off-ramp for I-bonds is coming up soon if you bought the securities for their juicy 9.6% yield
You can hold on to Series I bonds for 30 years, but if you jumped in when the interest rate skyrocketed to 9.62%, you might be looking for an off-ramp well before then. The total return on I-bonds is made up of two parts — a fixed rate that’s set at the time of purchase and an inflation-adjusted rate that resets every six months, in November and May. The fixed rate has been 0% since May 2020. Looking at numbers already published, David Enna, founder of TipsWatch.com, a website that tracks inflation-protected securities, predicts the variable inflation-adjusted portion of the I-bonds formula will be around 6.3%, and likely fall to 3.5% eventually.
Reuters
Dallas Fed says inflation surge badly eroding many American’s wage gains
Americans’ wages are losing ground to inflation at a steep rate, a report on Tuesday from the Federal Reserve Bank of Dallas said, a finding that offers some support for the central bank’s super-charged campaign to lower price pressures. “Despite the stronger wage growth due to the tightness of the labor market, a majority of workers are finding their wages falling even further behind inflation,” economists for the Dallas Fed wrote. The paper said the average median decline in real wages over the last quarter century is 6.5%, with real wage declines typically ranging between 5.7% and 6.8%, highlighting the pain of the current period.
The Conversation
Supreme Court grapples with animal welfare in a challenge to a California law requiring pork to be humanely raised
Pig farming may evoke images like this, but the reality for most commercial pork production is very different. linephoto via Getty ImagesShould Californians be able to require higher welfare standards for farm animals that are raised in other states if products from those animals are to be sold in California? The U.S. Supreme Court will confront that question when it hears oral argument in National Pork Producers Council v. Ross on Oct. 11, 2022. Pork producers are challenging a law that Califor
Yahoo Finance Video
Current bear market is ‘not the time to be a hero,’ strategist explains
Crossmark Global Investments Chief Market Strategist Victoria Fernandez and KeyAdvisors Group Owner Eddie Ghabour sit down with Yahoo Finance Live to talk about the outlook during this bear market and the Fed’s position amid inflationary and labor market pressures.
Bloomberg
China Tightens Lending Taps, Leaving African Markets Vulnerable
(Bloomberg) — Most Read from BloombergCredit Suisse Turmoil Deepens With Record Stock, CDS LevelsCredit Suisse Market Turmoil Heightens After Memo BackfiresS&P 500 Jumps 3% After Washout as Bond Yields Sink: Markets WrapTesla Falls Most Since June as Quarterly Deliveries DisappointKim Kardashian to Pay $1.3 Million to SEC for Crypto ToutingDeveloping countries in Africa are losing a champion that for years allowed them to borrow at cheaper rates than they could find in capital markets.China, Af
MarketWatch
Chinese EV maker Nio’s stock resumes selloff, even as quarterly deliveries rise to a record
Shares of Nio Inc. resumed its recent selloff toward a more than four-month low on Monday, reversing an earlier intraday gain, after the China-based electric-vehicle maker reported an uptick in September deliveries, enough to lift deliveries for the past three months to a quarterly record.
Bloomberg
Fed Telegraphs No Aussie-Style Policy Pivot in Inflation Battle
(Bloomberg) — Federal Reserve officials are starting to get what they want from the economy, but the bar for any “pivot” toward a less-aggressive monetary policy tightening path is probably still high.Most Read from BloombergMusk Revives $44 Billion Twitter Bid, Aiming to Avoid TrialLoretta Lynn, Coal Miner’s Daughter And Country Queen, DiesElon Musk Sets Off Uproar in Ukraine by Tweeting His ‘Peace’ PlanBiden, Kishida Condemn North Korean Missile Launch Over JapanStock Shorts Fold in Best Two-
Bloomberg
Twitter Buyout Revives $12.5 Billion Headache for Wall Street Banks
(Bloomberg) — Elon Musk’s shock proposal to proceed with his acquisition of Twitter Inc. for the original offer price poses a headache at the worst possible time for Wall Street banks already struggling to offload billions of dollars in buyout debt they committed to in better times.Most Read from BloombergMusk Revives $44 Billion Twitter Bid, Aiming to Avoid TrialLoretta Lynn, Coal Miner’s Daughter And Country Queen, DiesElon Musk Sets Off Uproar in Ukraine by Tweeting His ‘Peace’ PlanBiden, Ki
Variety
A Charmin Ad Next to an ‘SNL’ Sketch? NBC Says Placement Was ‘Coincidental’
As is the case with most things related to toilet paper, this might get a little messy. An ad for Procter & Gamble’s Charmin toilet tissue ran adjacent last week on Peacock to a “Saturday Night Live” sketch making fun of the product’s long-running ad campaign that features blue bears talking about the benefits of […]
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