Joe Rennison
Posts
Stocks Climb as Inflation Continues to Cool
The S&P 500 has climbed more than 20 percent from a 2022 low, a marker of a new phase of exuberance in the markets.
Are Stocks in a New Bull Market? It Depends.
The S&P 500 could end the day 20 percent above its low point last year, marking an important milestone for some market watchers. But assessing...
U.S. Debt Default Could Damage Nation’s Credit Rating
If the government misses an interest payment, even by a few hours, its creditworthiness will suffer, possibly for a long time.
What Would Happen if the U.S. Defaulted on Its Debt
Investors, executives and economists are preparing contingency plans as they consider the turmoil that would result from a default in the $24 trillion U.S. Treasury...
How Wall Street Is Preparing for a Debt Ceiling Showdown
Stocks aren’t showing signs of panic about the government’s ability to pay its bills, but there is anxiety creeping into other markets.
Bank Stocks Bounce as Investors Rethink Economic Outlook
PacWest and Western Alliance, the banks at the center of the latest phase of the crisis, recouped a chunk of earlier losses, as robust economic...
Markets Sink on Fears About Banks and Weaker Economic Outlook
The relative calm that met the collapse of First Republic Bank on Monday was shattered on Tuesday, with broad-based declines across industries.
Markets Shrug Off First Republic Failure
The bank’s collapse stopped short of derailing the broader market, with markets focusing instead on corporate profits and the Federal Reserve’s next decision on interest...
First Republic’s Shares Slide as Its Fate Remains Uncertain
Among investors at least, First Republic’s troubles seem contained to the bank itself. The S&P 500 and an index of bank stocks were higher on...