Bond Traders Step Up Bets the Fed Will Steer US Economy Into Recession
Bond traders are stepping up wagers that the Federal Reserve will steer the US economy into a recession.
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US Companies Scramble to Cut Costs, Pay Down Debt as Interest Rates Surge
Fed signals it will likely tighten money supply further, corporate treasurers scrambling to cope with impact of more than year of Fed rate hikes.
JPMorgan’s Michele Says It’s Time to Exit ‘Cash Trap’ and Move Into Bonds
It’s time to exit the “cash trap” of money market funds and move into bonds as the Federal Reserve is set to pause its rate-hike campaign.
Comerica to Exit Mortgage Banker Finance Business by End of Year
Comerica Inc. said it plans to exit the mortgage banker finance business, a move intended to smooth seasonality in its loan portfolio.
Private Equity Firms Have $1.5 Trillion to Spend, But Are Struggling to Seal Deals
Private equity firms hunting for acquisitions with their $1.5 trillion of unspent capital are struggling to seal deals as they hit roadblocks.
Wells Fargo’s Mayo Says It’s Time to End Detour in Bank Stocks
The “detour” is finally over for investors in bank stocks, said Wells Fargo & Co.’s Mike Mayo, after the group notched four-straight weeks of gains.
Global Fund Managers Afraid to Miss Out on AI Frenzy, Survey Shows
Broad consensus from BofA's latest global survey of fund managers, which showed investors are “exclusively long” tech stocks amid the buzz around AI.
