Confidence Just Fell Off a Cliff. The Stock Market Hasn’t Noticed Yet.
According to CNBC, the Conference Board’s Consumer Confidence Index dropped to 81.9 in September, a decline of 6.7 points and nearly 7 points below what economists had forecast.
News Wire
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Economic Wire: Trump’s municipal bond portfolio reaches as much as $1 billi
According to CNBC, President Trump has disclosed a municipal bond portfolio worth between $300 million and $1 billion, with holdings tied to issuers directly affected by federal policy decisions his…
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When the Policymaker Holds the Paper
According to CNBC, President Trump has disclosed a municipal bond portfolio worth somewhere between $300 million and $1 billion, including debt tied to issuers that are directly affected by federal…
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Shell Just Made a $23 Billion Bet That the World’s Energy Map Is Being Redrawn
According to CNBC, Shell has approved a $23 billion investment to expand LNG Canada, the country’s first large-scale liquefied natural gas export terminal.
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Economic Wire: America’s Canadian import restrictions come into force. Here
According to CNBC, the United States has formally activated restrictions on a range of Canadian imports, with President Trump expressing confidence that Ottawa will concede within weeks.
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When Treasury Speaks Market Fluently
According to CNBC, David Zervos, the longtime chief market strategist at Jefferies, is joining the Treasury Department as counselor to Secretary Scott Bessent.
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Economic Wire: Debt-hungry AI companies face increased risk as bond yields
According to CNBC, the AI infrastructure buildout shows no sign of slowing, but with the 10-year Treasury yield now at 5.
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Coca-Cola’s Poaching of a Monster Energy Executive Reveals Something Bigger Than a Hire
According to CNBC, Coca-Cola has hired Rob Gehring, a veteran of Monster Energy, to lead its North American operations. The timing is the tell.
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Economic Wire: Federal Reserve Board announces approval of application by P
According to a Federal Reserve press release, the Fed has approved Peoples Bancorp Inc.
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THE COPY (News Wire):
Economic Wire: Saudi Arabia crude oil exports hit highest level since Iran
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When the 10-Year Hits 5.11%, History Has a Warning Worth Hearing
According to CNBC, the 10-year Treasury yield has spiked to 5.
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When the Bond Market Won’t Cooperate
According to CNBC, incoming Fed Chair Kevin Warsh is walking into a trap that markets have largely ignored: a 10-year Treasury yield sitting at 4.
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Economic Wire: Bond liquidation wrecks small caps. Here’s how bad some trad
According to CNBC, rising bond yields and higher crude oil prices are battering small-cap stocks even as the S&P 500 holds its ground.
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When the Bond Market Talks, Everything Else Has to Listen
According to CNBC, government borrowing costs jumped sharply Wednesday as the 10-year Treasury yield pushed to 4.96%, the product of several converging pressures.
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Inflation’s Back at the Top of the Chart. The Fed Just Got the Memo.
According to CNBC, S&P Global’s overall inflation measure hit its highest level since October 2022, and markets are now pricing in a Fed rate hike at the October meeting, following remarks from Fed…
