US Downgrade Hits Muni Market as Fitch Cuts Billions of Debt
Fitch Ratings downgraded billions of dollars worth of public finance credits that are linked to the rating company’s landmark decision to strip US government debt of its AAA status. #press
Treasury’s Ramp Up in Bill Sales Triggers Supply Digestion Fears
The US Treasury’s move to ratchet up the size of its bill offerings is stoking concern that the deluge of supply will choke the market and threaten vital sources of funding. #press
We Are In An Unstable Situation: Dynan
Karen Dynan, Harvard Kennedy School Professor, discusses the outlook for federal debt. She speaks with David Westin on "Wall Street Week Daily." (Source: Bloomberg) #press
Pristine AAA Bond Universe Just Got a Whole Lot Smaller
The pristine universe of triple-A rated countries got a whole lot smaller this week after the US was stripped of its top-tier rating. #press
Bloomberg Markets 08/03/2023
Stocks continue to slump as US Treasuries rally and investors are wary of the economic outlook following Fitch Ratings downgrade on US government credit. Brookfield Real Estate CEO Brian Kingston joins "Bloomberg Markets" to break down the challenges and opportunities ahead for property markets.
(Source: Bloomberg) #press
QQQ Churns in Late Hours on Apple, Amazon Earnings: Markets Wrap
Stocks fell as the selloff in the world’s biggest bond market deepened ahead of the jobs report, which is expected to provide clues on the outlook for the Federal Reserve’s next steps. #press
Bond Market Confronts Risk of Pivotal US Jobs Report
The mood is rapidly souring in the world’s bond market, raising the stakes for Friday’s much-anticipated US monthly jobs data. #press
We Are In An Unstable Situation: Dynan
Karen Dynan, Harvard Kennedy School Professor, discusses the outlook for federal debt. She speaks with David Westin on "Wall Street Week Daily." (Source: Bloomberg) #press
Money-Market Assets Climb to Fresh Record With Rates Above 5%
Money-market fund assets climbed to a fresh record as interest rates north of 5% lure cash from banks and other short-term investments. #press
Rocket Revenue Surpasses Estimates Despite Lull in Homebuying
Rocket Cos. reported second-quarter earnings that beat expectations even as the housing market remains stagnated by higher mortgages rates. #press
We Are In An Unstable Situation: Dynan
Karen Dynan, Harvard Kennedy School Professor, discusses the outlook for federal debt. She speaks with David Westin on "Wall Street Week Daily." (Source: Bloomberg) #press
Elon Musk Says Treasury Bills Are ‘No-Brainer’
Elon Musk sees a lot to like at the shortest end of the Treasury curve. #press
QQQ Churns in Late Hours on Apple, Amazon Earnings: Markets Wrap
Stocks fell as the slide in the world’s biggest bond market deepened ahead of the jobs report, which is expected to provide clues on the outlook for the Federal Reserve’s next steps. #press
Elon Musk Says Treasury Bills Are ‘No-Brainer’
Elon Musk sees a lot to like at the shortest end of the Treasury curve. #press
Rocket Revenue Surpasses Estimates Despite Lull in Homebuying
Rocket Cos. reported second-quarter earnings that beat expectations even as the housing market remains stagnated by higher mortgages rates. #press
Rocket Revenue Surpasses Estimates Despite Lull in Homebuying
Rocket Cos. reported second-quarter earnings that beat expectations even as the housing market remains stagnated by higher mortgages rates. #press
Bloomberg Markets: Americas 08/03/2023
Alix Steel and Guy Johnson bring you the news you need to know and trends you need to watch as US markets get into the trading day. (Source: Bloomberg) #press
Bloomberg Markets: European Close 08/03/2023
Bloomberg Markets European Close. Live from New York and London, analyzing the major market moving stories across the day in Europe, hear from the biggest newsmakers and showcase the unrivaled expertise of Bloomberg News. (Source: Bloomberg) #press
Amgen Sales Drive Profit Guidance Even as New Drugs Falter
Amgen Inc. raised its profit and revenue guidance for the year as the drugmaker’s overall second-quarter results exceeded Wall Street analysts’ expectations despite the underperformance of two key products. #press
Bloomberg Markets: Americas 08/03/2023
Alix Steel and Guy Johnson bring you the news you need to know and trends you need to watch as US markets get into the trading day. (Source: Bloomberg) #press