Monday, December 5, 2022

The looming debt ceiling fight could be the messiest since 2011, Goldman Sachs says

Republicans and Democrats are likely to clash next year over the debt ceiling, a fight that could rock financial markets, unnerve consumers and threaten the economy with the specter of a calamitous default.
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The looming debt ceiling fight could be the messiest since 2011, Goldman Sachs says
Republicans and Democrats are likely to clash next year over the debt ceiling, a fight that could rock financial markets, unnerve consumers and threaten the economy with the specter of a calamitous default. Read more »
 
Jay Powell's dream of the 90s is dead
The US economy gained 263,000 jobs in November, 63,000 above the consensus estimate. The larger surprise was that average hourly earnings rose by 0.55%, the fastest pace since January. Read more »
 
Morgan Stanley upgrades China stocks as global investors cheer on Covid reopening hopes
Global traders are increasingly feeling more bullish on China, as they bet the country will gradually unwind Covid restrictions following widespread protests. Read more »
 
Is the worst over for bitcoin and the rest of crypto?
The meltdown of FTX has sent the price of bitcoin and other cryptocurrencies tumbling more than 60% this year...and the carnage has spread to publicly traded companies with exposure to digital assets. Read more »
 
Alex Jones has filed for personal bankruptcy
Right-wing conspiracy theorist Alex Jones' has filed for personal Chapter 11 bankruptcy protection in a Texas court on Friday, according to court documents. Read more »
 
Stocks lower ahead of consequential jobs report
Read more »
 
 
 
 
Dow Nasdaq S&P
-482.78   -221.56   -72.86
33,947.10   11,239.94   3,998.84
-1.40%   -1.93%   -1.79%
YTD -6.58%   YTD -28.16%   YTD -16.10%
 
Biggest Winners
MGM Resorts International +1.94%
 
Boeing Co +1.22%
 
Yum! Brands Inc +0.95%
 
Assurant Inc +0.83%
Biggest Losers
VF Corp -11.17%
 
Ceridian HCM Holding Inc -7.44%
 
Salesforce Inc -7.35%
 
Paycom Software Inc -7.18%
Hottest ETF
Hottest ETF
NYSE Market Volume
NYSE Market Volume
Key Market Stats Latest Today's Change
Oil $77.33 -2.65 / -3.31%
Gold $1,781.40 -28.20 / -1.56%
10-yr 3.60% +0.09
Euro $1.05 -0.01 / -0.51%
More Markets Now
 
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