Morning News: October 31, 2023

Eurozone Economy Shrinks, While Price Pressures Ease

Shrinking UK Stock Market Is In a ‘Doom Loop,’ Peel Hunt Says

U.S. Looks to Allay European Fears of a Subsidy War

China’s Factory Activity Shrinks, Fueling Calls for More Support

Yield Curve Control Joins the Living Dead

BOJ Is Handing Back the Japanese Bond Market to Investors

Credit Strength Is Baffling Fed Watchers Ahead of Rate Decision

Workers Keep Getting Big Raises. That’s a Problem for the Fed.

The Fed Can Wait

Fed’s Reverse Repo Facility Drawdown Looms Large in Balance Sheet Debate

Banker Bonuses for ECM Shops Looking Abysmal With Light Issuance

Biden’s ‘Junk Fee’ Crackdown Comes for Retirement Advice

Glen Point Fraud Verdict Signals White-Knuckle Trades Are Fading

Carmakers Weather $2.9 Billion UAW Strike Chaos With Cost Cuts

America’s Offshore Wind Ambitions Are Coming With Bigger Price Tags

Why Exxon and Chevron’s Deals Leave Investors Cold

BP Profit Rose on Higher Refining Margins, Strong Oil Trading

WeWork Reaches Seven-Day Forbearance Agreement With Bondholders

Jeep Maker Stellantis Says It Lost $3 Billion of Revenue Due to UAW Strike

Vodafone to Sell Spanish Unit to Zegona Communications for Around $5.3 Billion

Ravaged Florida Town Becomes a Magnet for Risk-Taking Homebuyers

Californian Vineyard Founded by Lebanese Migrants Sells for Up to $1 Billion

Bankman-Fried’s Risky Defense Strategy Faces Another Big Test

Be sure to follow me on Twitter.

Posted by on October 31st, 2023 at 7:03 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.