By Bloomberg News (bloomberg.com) – China’s efforts to arrest destabilizing declines in domestic stocks in recent years have become so well recognized that market players coined the term “the national team” to describe buying by state-owned funds. In the latest bout of turmoil, there’s been a twist.
By Peter Coy (bloomberg.com) – Metal Tariffs Haven’t Cost Jobs (Yet). Backers of the duties point out that jobs in metal-using industries are still growing.
By Dana Hull (bloomberg.com) – Wall Street and Washington have the same question for Elon Musk: Where’s the money?
By Elena Popina (bloomberg.com) – The rush to get out of U.S. tech stocks entered its third day Monday as concerns mounted over how the storied FAANG bloc will fare amid rising interest rates and slower growth.
By Craig Torres and Christopher Condon (Bloomberg.com) – Fed’s Powell Says Gradual Rate Hikes Are the Best Path ‘For Now’
By Randall Jensen (Bloomberg.com) – Stocks Decline as Oil Tumbles, Dollar Rallies: Markets Wrap
By Andrew Mayeda and Jenny Leonard (Bloomberg.com) – Here’s How a Trade War Between the U.S. and China Could Get Ugly
By Vince Golle (Bloomberg.com) – If you’re building or renovating a home in the U.S. these days, you’ve got plenty of company.
By John Micklethwait and Saleha Mohsin (Bloomberg.com) – Treasury Secretary Steven Mnuchin said the first ultra-long bond issuance could “absolutely” make sense to help finance the U.S. government, while indicating he’d be reluctant to swell the federal budget deficit to pay for planned infrastructure investment.
By Enda Curran, Liz McCormick, and Eric Lam (Bloomberg.com) – After heading into the uncharted territory of quantitative easing, the world’s central banks are starting to plan their course through the uncharted waters of quantitative tightening.