Political turmoil, budget problems and over-levered positioning can lead to a frenzy of bond selling, just as the U.K. discovered a year ago.
: Ford’s U.S. vehicle sales top 500,000 in Q3, amid strong EV and truck sales
Ford said Wednesday that it sold more than 500,000 vehicles in the U.S. during the third quarter, amid strength in hybrid and electric vehicles and trucks.
: These companies are set to benefit from Yellow trucking firm’s demise, says Susquehanna
Less-than-truckload company Yellow announced its bankruptcy filing in August
: The ‘Great Resignation’ is over — and more workers are staying at their jobs, despite tight labor market
The U.S. is expected to add 170,000 jobs in September, keeping the increase below 200,000 for the fourth month in a row.
: Why McDonald’s is bringing back its McRib for the umpteenth time
It’s all about scarcity marketing — so get it while you can.
The Margin: Speaker pro tem McHenry takes swift action to evict Pelosi from honorary ‘hideaway’ office at Capitol
The two-time former speaker is at home in California for the funeral of Sen. Dianne Feinstein.
Economic Report: ADP says only 89,000 private jobs created in September. That’s way below forecast.
U.S. private-sector employment rose by a tepid 89,000 in September, payroll processor ADP said, perhaps a sign the labor market is catching a chill.
Need to Know: As storm clouds gather over bond market, watch this level on the S&P 500
Traders have been zero-focused on this S&P 500 level for weeks. As that approaches, they discuss the potential next steps for investors.
Market Extra: One of the biggest problems plaguing the U.S. stock market is getting worse as selloff continues
U.S. stocks are suffering from ‘bad breadth’ all year. But over the past month, the situation has gone from dire to extremely dire, underscoring some of the risks that arise when the market becomes too heavily reliant on a handful of megacap stocks.
Economic Report: Mortgage demand drops to lowest level in 27 years as rates march towards 8%
Mortgage applications fell 6% in the latest week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 7.53%.
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