Morning Bid: U.S. retail therapy as China funk deepens
Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City,...
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Biden order curbing investment to China expected next week-sources
The flags of the United States and China fly from a lamppost in the Chinatown neighborhood of Boston, Massachusetts, U.S.,...
Key Republican urges Biden to set broad restrictions on U.S. investments in China
U.S. Representative Mike Gallagher (R-WI) walks to a House Permanent Select Committee on Intelligence meeting on Capitol Hill in Washington,...
Fitch cuts US credit rating to AA+; Treasury calls it ‘arbitrary’
Aug 1 (Reuters) - Rating agency Fitch on Tuesday downgraded the U.S. government's top credit rating, a move that drew an angry response from the White House and surprised investors, coming despite the resolution of the debt ceiling crisis two months ago.Fitch downgraded the United States to AA+ from AAA, citing fiscal deterioration over the next three years and repeated down-the-wire debt ceiling negotiations that threaten the government’s ability to pay its bills.Fitch had first flagged the possibility of a downgrade in May, then maintained that position in June after...
Morning Bid: BOJ excites, Dow unlucky but Intel jumps
A look at the day ahead in U.S. and global markets from Mike DolanThe Bank of Japan added its own...
Morning Bid: ECB to follow Fed hike, Meta surges
A look at the day ahead in U.S. and global markets from Mike DolanWith markets still betting Wednesday's interest rate...
Crypto bills to face congressional committee vote
WASHINGTON, July 26 (Reuters) - A key congressional committee is set to vote this week on several bills that would develop a regulatory framework for cryptocurrencies, a milestone for Capitol Hill in its efforts to codify federal oversight for the digital asset industry.The crypto industry has been in the regulatory crosshairs since investors were burned last year by sudden collapses of Celsius Network, Voyager Digital, FTX and other companies.Among the legislation the House Financial Services Committee is considering on Wednesday and Thursday are a bill that would define when a...
Morning Bid: Retail, housing and banks test jaunty July
A look at the day ahead in U.S. and global markets from Mike DolanThe benign July investment environment gets tested...
Morning Bid: Banks lob earnings into giddy markets
A look at the day ahead in U.S. and global markets from Mike DolanFlush with hope that impressive disinflation will...
Morning Bid: Bruised bonds relying on disinflation
A look at the day ahead in U.S. and global markets from Mike DolanLast week's bond market storm calmed somewhat...
