Bloomberg “Shutdown Continues as Democrats Demand Firmer Immigration Pledge.” Senate Democrats cast doubt Monday on hopes for a quick resolution to the government shutdown as they demanded a more binding promise from Majority Leader Mitch McConnell on an immigration deal he proposed. “Hopefully we can resolve this in the next day or two,” Minnesota Democrat....
Bloomberg “White House Declares Open Season on the Dollar at Davos.” Whether or not the White House choreographed the dollar’s slide to the lowest in three years, it may have just declared open season on the currency. The greenback is caught in the rhetorical cross hairs after Treasury Secretary Steven Mnuchin endorsed the dollar’s decline....
Bloomberg “Trump Tells Davos ‘America First’ Will Benefit the World.” President Donald Trump said Friday that U.S. economic growth promoted by his policies would help the world, seeking to square his “America First” agenda with globalism. “When the United States grows, so does the world,” Trump said in a speech to the World Economic Forum....
Bloomberg “Frenzied Feast of Bullish Buyers Puts Risk Market in Danger Zone.” Record bullish positions are building up across currency, equity and commodity markets as hedge funds and real-money investors dump the dollar and U.S. Treasuries to crowd into risk assets around the world. Goldman Sachs warns that “extreme” sentiment is propelling global shares to....
Bloomberg “Trump’s Olive Branch to Democrats Cut Short by Divisive Tone.” Donald Trump reached across the aisle in his first State of the Union address, offering to work with Democrats on infrastructure, criminal justice and drug prices after a divisive first year in office. But those overtures in Tuesday’s speech fell flat with his opponents,....
Bloomberg “Treasury Rout Sinks Stocks as Rate Angst Deepens: Markets Wrap.” The selloff in U.S. assets picked up steam as strong jobs data increased the likelihood the Federal Reserve will lift rates next month. Equities headed for the worst week in two years and Treasuries tumbled to a four-year low. The S&P 500 Index’s slump....
Bloomberg “What on Earth Happened to Stocks? Here’s Where to Cast the Blame.” The sharp sell-off in stocks that started last week and gathered steam this week lacked a specific trigger — unlike the last time U.S. shares fell this much, which came in the wake of the U.S. losing its AAA sovereign rating at....
Bloomberg “Get Ready for Most Cryptocurrencies to Hit Zero, Goldman Says.” The tumble in cryptocurrencies that erased nearly $500 billion of market value over the past month could get a lot worse, according to Goldman Sachs Group Inc.’s global head of investment research. Most digital currencies are unlikely to survive in their current form, and....
Bloomberg “U.S. Equity Indexes Rebound; Treasuries Decline: Markets Wrap.” The convulsions in U.S. equity markets showed signs of abating, with indexes bouncing back from Thursday’s big losses, but stocks remain on track for their worst week in more than a year as interest-rate fears haunt investors. The S&P 500 Index opened higher Friday after entering....
Bloomberg “Stocks Rebound Globally as Crude Oil Snaps Selloff.” Investors got a reprieve from last week’s rout as equities advanced around the world and volatility subsided. Treasuries fell alongside the dollar. The S&P 500 Index climbed, led by tech hardware makers and energy producers, joining gains in the Stocks Europe 600 and gauges in Asia.....
Bloomberg “U.S. Stocks Fluctuate as Traders Weigh Fed Outlook.” U.S. stocks pared declines, as financial shares pushed higher with 10-year Treasury yields after data showed an unexpected acceleration in price gains. The S&P 500 Index was slightly higher after erasing a drop of 0.5 percent. Futures on the measure had tumbled more than 1 percent....
Bloomberg “European Stocks Falter After Asia Rally; Oil Rises.” European shares struggled to carry forward a rally from Japan and the U.S., where the S&P 500 index notched its best week in five years. Oil climbed while the dollar advanced against most major peers. The Stoxx Europe 600 index slipped as auto and consumer stocks....
Bloomberg “Einhorn Says Greenlight Posts Worst Underperformance Since 2000.” Hedge fund manager David Einhorn said a shift in favor toward value stocks may soon be coming even after his firm posted its worst underperformance in almost two decades. “While we’ve never underperformed like this, our prior worst underperformance compared to the S&P came in March....
Bloomberg “Traders Are Acting Like Canada and the U.S. Are the Same Economy.” The two biggest North American economies might as well share one central bank as far as traders are concerned. Market-implied tightening by the Federal Reserve and Bank of Canada through 2019 is priced nearly identically despite mounting signs that the latter is....
Bloomberg “U.S. Fourth-Quarter Growth Revised Down to 2.5% Annual Pace.” The U.S. economy’s growth rate last quarter was revised slightly downward as inventories subtracted more than previously estimated, Commerce Department data showed Wednesday. The latest results for GDP, the value of all goods and services produced in the U.S., show the economy ended the year....