US Soft Landing Is Unlikely, Former Fed Officials Kohn, Warsh Say
Two former Federal Reserve policymakers agreed the US central bank is unlikely to achieve a soft landing of the economy while disagreeing over what it should do next.
Bloomberg Business
Morgan Stanley’s Trading Desk Sees ‘Fragility Rising’ in Stocks
With the biggest US stock drop since March, two forces behind this year’s market resilience are on the cusp of unraveling.
National Bank CEO Warns of Harsh ‘New Reality’ for Borrowers
National Bank of Canada is better positioned than many of its larger rivals to navigate a downturn that’s poised to hit banks’ balance sheets and customers, according to Chief Executive Officer Laurent Ferreira.
Sam Bankman-Fried Bid’s for Jail Release Denied by Appeals Court
Sam Bankman-Fried’s request to be released from jail ahead of his Oct. 3 fraud trial was denied by a federal appeals court, hours after he lost a separate ruling that blocks him from calling expert witnesses for his defense.
Rupert Murdoch to Leave Helm of Empire After Seven Decades
Rupert Murdoch, one of the most influential and controversial figures in the media world, is stepping down as chairman of his Fox Corp. and News Corp. empire following a seven-decade career.
IA Financial Shutters Institutional Group, Fires Analysts
IA Financial Corp. is cutting jobs in its capital markets business, ending its institutional activities — including equity research — amid bumpy markets.
The Hidden Threat to US Energy Security
Solar power is critical to the widespread adoption of renewable energy. The majority of the technology underlying it is made in China.
Ukraine Recap: Biden Promises More War Aid, Despite Obstacles
President Joe Biden vowed continued support for Ukraine as he met with President Volodymyr Zelenskiy at the White House on Thursday amid concern that the country’s slow counteroffensive and opposition among conservative Republicans could threaten additional military assistance.
Hyped Trio of IPOs Drop Toward Offer Price With Rates Still High
Just when investors looked set to embrace newly public tech companies, the Fed’s “hawkish hold” interrupted the romance.
Wall Street Trading Roiled by ‘Post-Fed Hangover’: Markets Wrap
Stocks fell the most since March, while Treasury 10-year yields climbed as the latest reading on the labor market just reinforced the case for the Federal Reserve’s higher-for-longer stance.
