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Debt Ceiling Talks

All articles tagged with #debt ceiling talks

finance2 years ago

Nvidia's Stock Skyrockets After Impressive Quarter and Guidance.

Dow Jones futures fell slightly overnight, along with S&P 500 futures and Nasdaq futures. The Nasdaq and especially the Nasdaq 100 surged as Nvidia skyrocketed on strong earnings and blowout guidance. Debt-ceiling talks continued throughout Thursday. The Commerce Department will release the personal consumption expenditures price index, the Fed's favorite inflation gauge, at 8:30 a.m. ET Friday. The stock market rally showed extreme divergence on Thursday, with the Nasdaq 100 spiking more than 2% while losing stocks outpaced winners by two-to-one.

via Investor's Business Daily|
#ai-plays#debt-ceiling-talks#finance
energy2 years ago

Energy Permitting Reform at Risk in Debt Ceiling Negotiations

Lawmakers are close to reaching a deal on energy permitting as part of legislation to raise the debt ceiling and avoid a default. The deal would ease the process of building interstate transmission lines for clean electricity, a priority for Democrats and President Biden's climate agenda. The agreement would also make modest changes to the National Environmental Policy Act to sweeten the deal for Republicans. The proposal would be based on forthcoming legislation known as the Building Integrated Grids With Inter-Regional Energy Supply Act, which could help the US reach net-zero emissions by 2050.

via The Washington Post|
#clean-energy#debt-ceiling-talks#energy
finance2 years ago

Debt Ceiling Drama Weighs on Stock Markets

The stock market rally retreated on Tuesday, with several leading groups suffering significant losses. Debt-ceiling talks continue with no deal imminent, and the recent uptrend in Treasury yields and the U.S. dollar may be finally weighing on stocks. Meanwhile, several companies reported earnings, with Palo Alto Networks rising on solid Q3 results, while New Relic tumbled on lower guidance. PTC Therapeutics dived on disappointing clinical trial data. The market rally has been uneven in recent weeks, and investors should pay attention to what the market is doing right now.

via Investor's Business Daily|
#debt-ceiling-talks#earnings#finance
finance2 years ago

Debt ceiling deadlock sends Wall St plummeting.

Wall Street stocks finished lower on Tuesday as investor concerns grew over a lack of progress in U.S. debt limit talks. Representatives of U.S. President Joe Biden and congressional Republicans ended another round of debt ceiling talks on Tuesday, as the deadline drew closer to raise the government's $31.4 trillion borrowing limit or risk default. Debt limit worries pushed yields on one-month Treasury bills to record highs at 5.888%. The S&P 500 benchmark index declined 1.12% to end at 4,145.58 points.

via Reuters|
#debt-ceiling-talks#federal-reserve#finance
politics2 years ago

Debt Ceiling Talks: Biden Administration's Push to Save Key Covid Programs.

The Biden administration is working to preserve funding for key components of the federal coronavirus response in negotiations with House Republicans over a deal to raise the debt limit. They are seeking to protect roughly $5 billion in funding for a program to develop the next generation of coronavirus vaccines and treatments, as well as more than $1 billion in funding for an initiative to offer free coronavirus shots to uninsured Americans. House Republicans want to reclaim tens of billions of dollars in unspent funds from previously approved Covid-19 relief legislation as part of a debt limit deal.

via The New York Times|
#biden-administration#covid-19#debt-ceiling-talks
business2 years ago

Debt ceiling negotiations impact global markets and tech stocks.

The Dow Jones Industrial Average fell ahead of a meeting between President Joe Biden and House Speaker Kevin McCarthy, as debt ceiling talks failed to make progress over the weekend. Meanwhile, Apple stock dropped after an analyst downgrade. On the economic front this week, the Federal Reserve's meeting minutes from the May 2-3 summit are scheduled for release on Wednesday at 2 p.m. Personal income and spending data for April is due from the Commerce Department on Friday, which includes the Fed's favorite inflation measure, the core personal consumption expenditures price index.

via Investor's Business Daily|
#apple#business#debt-ceiling-talks
finance2 years ago

Debt Ceiling Talks Cause Stock Market Slump

The stock market slumped as Republicans walked out of debt ceiling talks, causing concern among investors about the potential for a government shutdown and default on U.S. debt. The move by Republicans comes as Democrats push for a larger spending package and increased taxes on the wealthy. The uncertainty surrounding the debt ceiling negotiations has led to a broader decline in financial markets, including stocks, bonds, oil, and crypto.

via Barron's|
#debt-ceiling-talks#finance#financial-markets
finance2 years ago

Debt Ceiling Talks and AI Bubble Fears Trigger US Stock Plunge.

US stocks plunged on Friday as talks over the debt ceiling stalled, causing investors to trim their bets on a June interest rate hike. The Nasdaq 100 dropped nearly 0.5%, the Dow Jones was down 0.4%, and the S&P 500 was down 0.4%. Small caps were the weakest link, with the Russell 2000 index falling 1%. Almost all US equity sectors were negative, except for energy and healthcare. Treasury yields slightly rose, with the 10-year yield up by 2 basis points to 3.67% and the two-year yield flat at 4.25%. Gold rose 1% to $1,977/oz, and Bitcoin rose 0.3% to $26,890.

via Benzinga|
#commodities#debt-ceiling-talks#finance
cryptocurrency2 years ago

Bitcoin's Price Volatility Continues Amidst Regulatory and Political Uncertainty.

Bitcoin's price has dropped below $27,000 as investors weigh the ongoing debt ceiling talks in Washington, D.C. and the latest regulatory moves. Over $20 million of BTC futures were liquidated in the past four hours, with 87% of them being long positions, or bets on higher prices. The second-largest cryptocurrency by market capitalization, Ether (ETH), followed a similar trend, down 1.6% to change hands at around $1,795 on Thursday afternoon. Investors are awaiting regulatory clarity and whether Wall Street believes any use-case arguments will be made anytime soon. Meanwhile, investors are pivoting their attention toward BTC’s 2024 halving cycle that “typically precedes a bull market in crypto.”

via CoinDesk|
#bitcoin#cryptocurrency#cryptocurrency-market
finance2 years ago

Stocks fluctuate as debt-ceiling talks and earnings reports dominate market focus.

Stocks rose during midday trading on Wednesday as investors remain hopeful for a breakthrough in the debt-ceiling talks. The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all gained. Treasury Secretary Janet Yellen and others have warned of catastrophic impacts on the US economy in the case of a default, seen as potentially coming as early as June. US housing starts grew 2.2% in April, while building permits issued fell 1.5%. Target topped Wall Street's earnings expectations, but took a cautious tone on consumers, while The TJX Companies posted an earnings beat for its first quarter, but offered disappointing guidance. Tesla shares advanced more than 3% after the EV maker held its annual shareholder meeting.

via Yahoo Finance|
#debt-ceiling-talks#earnings#finance
business2 years ago

Mixed Asian Markets React to China's Disappointing Economic Recovery

Japan's Q1 GDP figures are expected to show annualized growth of 0.7%, the fastest in three quarters, thanks to strong services sector spending. Meanwhile, China's economic data for April fell short of expectations, with industrial output, retail sales growth, and property investment all undershooting forecasts. The Chinese yuan slipped to its weakest level this year, and Chinese stocks resumed their recent losing streak. U.S. debt ceiling talks continue to loom large over markets, with signs of progress being made to avert default.

via Reuters|
#business#china#debt-ceiling-talks
finance2 years ago

Debt Ceiling Talks and Retail Sales Data Affect Stock Market.

The stock market showed mixed results as investors held back ahead of the debt ceiling meeting later today. The Nasdaq composite and Big Tech stocks remained the leaders, while the Dow Jones Industrial Average was pulled down by Home Depot's gloomy outlook. Advanced Micro Devices surged 5.4% after hedge fund Third Point opened a 1-million-share stake. Meanwhile, April retail sales rose 0.4% vs. the 0.7% rise projected, but higher than the -1% in March.

via Investor's Business Daily|
#advanced-micro-devices#debt-ceiling-talks#finance
finance2 years ago

Bank of America identifies major stock market obstacle while market ignores crumbling Empire Fed.

Bank of America's latest fund manager survey shows that investor sentiment deteriorated in May to "the most bearish of 2023" as investors lifted cash balances and got a little more negative on growth. Worried managers are convinced that risk assets will remain "resilient so long as the [economic] landing is soft." The market is taking an Alfred E. Neuman approach to debt-ceiling talks, with 71% expecting the ceiling will be raised by the so-called X date. The top worries for the market are a bank credit crunch and a global recession, followed by high inflation that keeps central banks hawkish.

via MarketWatch|
#bank-of-america#debt-ceiling-talks#finance