Even if the Trump-Xi meeting does not produce a definitive end to their trade war, investors are prepared to buy into any de-escalation in tensions. Investors are heading into this week’s trade talks between the U.S. and Chinese leaders with a sense of deja vu, excited by the proclamations of a truce and apprehensive the […]
U.S. bank stocks, including Zions Bancorporation, Jefferies, and Western Alliance, fell sharply on Thursday as investors grew uneasy about risk in the sector, which has been shaken by exposure to two auto bankruptcies. Zions sank 12% after disclosing it would take a $50 million loss in the third quarter on two commercial and industrial loans from […]
Global financial stocks slid on Friday as a rout in U.S. regional banking shares heightened concerns about credit quality and mounting risks in the sector. The banking sector’s exposure in two recent U.S. auto bankruptcies has rekindled concerns about lending standards more than two years after Silicon Valley Bank’s failure, when high interest rates drove paper losses on […]
Corn fell on forecasts of a record large U.S. harvest, wheat firmed ahead of a U.S. interest rate decision. Chicago soybeans fell on Monday, as lacking demand from China for U.S. supplies pressured, with traders watching for signs of progress as U.S.-China trade talks resumed in Madrid. Corn fell on forecasts of a record large […]
The performance of stock markets often appears worse in the daily news than it actually is. This column argues that this negative news bias arises from two factors: (1) journalists tend to focus on major events, and (2) the daily performance of stock market indices is negatively skewed. It shows that about half of the […]
