Could the economy be growing even faster despite rising interest rates? Atlanta Fed’s GDPNow forecast for the third quarter was just raised to a heady 5.8%.
Crypto: Bitcoin falls as Treasury yields climb amid interest rate concern
Bitcoin on Thursday fell to the lowest level since June, while Treasury yields climbed, as traders are betting that a resilient economy will encourage the Federal Reserve to raise interest rates further.
Lawrence G. McMillan: Bears are knocking at the door but bulls still hold the key to this stock market
U.S. stocks are in a downtrend and more sell signals are appearing.
: Fitch lowers U.S. banks’ ‘operating environment’ score a notch to aa-, says higher interest rates a factor
Fitch issues fresh commentary around a June move to reduce its view on the bank ecosystem in the face of uncertainty around interest rate hikes and the economy. It isn’t a rating downgrade.
Market Extra: Why Treasury yields keep rising, causing pain for stock-market investors
A slow-motion breakout on long-dated Treasury yields is undermining investor confidence.
: Generative AI will ‘unlock value’ for Walmart shareholders, says CEO
Walmart’s data assets are “unique” says CEO Doug McMillon
Earnings Results: Coach parent Tapestry’s earnings and guidance fall short of consensus, pressuring the stock
Tapestry’s stock fell 1% Thursday after the Coach parent company’s earnings and guidance came in below consensus.
: CVS, other pharmacy-benefit stocks drop as major health insurer targets ‘broken’ prescription-drug system
Pressure builds on prescription-drug middlemen as Blue Shield of California cuts reliance on CVS Caremark.
Economic Report: U.S. mortgage rates rise to the highest level in 21 years
The 30-year mortgage rate is averaging at 7.09%, Freddie Mac said in its latest weekly survey on Thursday.
Market Extra: Same bank, 2 different stock-market calls. Why internal disagreements rage on Wall Street.
Wall Street strategists and economists working for the same employers are increasingly comfortable offering conflicting views to clients and the media.
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