Stocks Resume Slide After Bank Downgrades
New Chinese data showed that exports from the world's second-largest economy tumbled in July.
Bank Stocks Slide After Moody's Downgrade
M&T, Truist and others are down as concerns about the health of the sector are renewed.
Credit-Card Balances Soar 16% to Pass $1 Trillion for 1st Time
The U.S. public's total credit-card balance hit a record of $1.03 trillion during the second quarter, according to the Federal Reserve Bank of New York
Fed may be at point where it can be patient and hold rates steady, Harker says
The Federal Reserve could be at the point where it doesn't need to raise interest rates further, said Philadelphia Fed President Patrick Harker, on Tuesday.
U.S. trade deficit falls again. Declining imports may be a warning sign.
The nation's trade deficit fell 4% in June to $65.5 billion due to declining demand for imported goods, perhaps a sign of weakening in the U.S. economy.
China's Largest Surviving Developer Hits Debt Crisis
Country Garden Holdings, once lauded by China's authorities as a model for others, missed interest payments on two U.S. dollar bonds.
Chinese Exports Fall at Steepest Pace Since February 2020
Slide in outbound shipments reflects China's fraying trade ties with the Western world, even as exports to Russia boom.
New Lending by Mortgage REITs Has Dried Up
Blackstone Mortgage Trust and KKR Real Estate Finance Trust have halted loan origination to shore up their balance sheets.
Surprise Stock-Market Rally Bulldozes Bearish Hedge Funds
July's gains left hedge funds closing out so-called short positions and cutting risk at the fastest pace in years.
Chinese Auto Sales Fell on Weak Consumer Confidence, High Base
China's vehicle sales slid in July, crimped by a high base a year earlier and weak consumer confidence that weighed on purchases, though exports remained robust.
(END) Dow Jones Newswires
08-08-23 2115ET
