(Bloomberg) -- Investors may need to hunker down for a slump in U.S. stocks if President Joe Biden opts for a surprise choice and doesn’t renominate Jerome Powell as Federal Reserve chair.Nearly 90% of the economists surveyed by Bloomberg expect Biden to keep Powell in the job, an overwhelming number that’s risen from June, while Fed Governor Lael Brainard, a Democrat, is seen as the likely choice by 9% of economists surveyed. Former Vice Chair Roger Ferguson was viewed as the pick by 2%. The po
WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen issued a fresh plea for Congress to raise the federal debt ceiling on Sunday, arguing a default on U.S. debt would trigger a historic financial crisis. In a Wall Street Journal opinion piece http://nydmi.tw.www.wsj.com/articles/congress-raise-debt-limit-ceiling-yellen-treasury-brinkmanship-federal-budget-11632069056, Yellen said that the crisis triggered by a default would compound the damage from the continuing coronavirus pandemic, roiling markets and plunging the U.S. economy back into recession at the cost of millions of jobs and a lasting hike in interest rates. "We would emerge from this crisis a permanently weaker nation," Yellen said, noting that U.S. creditworthiness has been a strategic advantage.
- Yahoo Finance
Stock market news live updates: Wall St. sinks amid China's Evergrande contagion fears, US debt politics
Stocks are grappling with a confluence of risks that are shaking confidence, and adding to September's downward trend.
- Yahoo Finance
Top news and what to watch in the markets on Monday, September 20, 2021.
The end of America’s 20-year war in Afghanistan has opened up an opportunity for China and Russia to tap the country’s vast mineral wealth
SpaceX’s successful civilian mission opens doors to future flights, Tesla software upgrade isn’t ready for drive time, says head of NTSB, debt ceiling resolution heads to a standoff in Congress, and other news to start your day.
- Yahoo Finance
Investors' main focus this week will be on the Federal Reserve's September monetary policy meeting, which will set the stage for more debate around the timing of tapering and the outlook for the economy. Other economic data out this week will focus on the housing sector.
- The New York Times
Iran’s top nuclear scientist woke up an hour before dawn, as he did most days, to study Islamic philosophy before his day began. That afternoon, he and his wife would leave their vacation home on the Caspian Sea and drive to their country house in Absard, a bucolic town east of Tehran, where they planned to spend the weekend. Iran’s intelligence service had warned him of a possible assassination plot, but the scientist, Mohsen Fakhrizadeh, had brushed it off. Sign up for The Morning newsletter f
Shares fell more than 3% in Hong Kong on Monday in holiday-thinned trading in Asia, with other big markets in Tokyo and Shanghai closed.
- FX Empire
The direction of the AUD/USD early Friday is likely to be determined by trader reaction to the 50% level at .7293.
- The Conversation
The Supreme Court has overturned precedent dozens of times in the past 60 years, including when it struck down legal segregation
How much importance does the Supreme Court place on prior decisions? Kevin Dietsch/Getty ImagesIt is a central principle of law: Courts are supposed to follow earlier decisions – precedent – to resolve current disputes. But it’s inevitable that sometimes, the precedent has to go, and a court has to overrule another court, or even its own decision from an earlier case. In its upcoming term, the U.S. Supreme Court faces the question of whether to overrule itself on abortion rights. Recent laws in
- Simply Wall St.
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
- The Independent
Government says it ‘does not expect’ gas supply emergencies this winter ahead of talks with energy industry
Increased energy prices come as benefits are cut and furlough scheme ends
- Yahoo Finance UK
Smaller firms are facing backlash from customers, having made price promises which will be impossible to keep in the current climate.
The predictions of impending doom from Wall Street’s talking heads continued this past week. The reasons for a pullback are many, but the 50-day moving average may outweigh all of them.
(Bloomberg) -- U.K. energy companies are locked in negotiations with the government as they seek a massive bailout, with surging gas and electricity prices threatening to push smaller suppliers out of business. After emergency talks at the weekend, Business Secretary Kwasi Kwarteng met industry bosses Monday, and is due to address parliament in the afternoon. Benchmark U.K. gas prices jumped as much as 16%, having already tripled this year. U.S. Energy Secretary Jennifer Granholm called for an i
- The Wall Street Journal
Concerns over heavily indebted property developer China Evergrande spurred a broad retreat in riskier assets including stock futures and oil.
- Associated Press
Democrats can’t use their $3.5 trillion package bolstering social and climate programs for their plan to give millions of immigrants a chance to become citizens, the Senate’s parliamentarian said, a crushing blow to what was the party’s clearest pathway in years to attaining that long-sought goal. The decision by Elizabeth MacDonough, the Senate’s nonpartisan interpreter of its often enigmatic rules, is a damaging and disheartening setback for President Joe Biden, congressional Democrats and their allies in the pro-immigration and progressive communities.
- Raleigh News and Observer
Can Republican lawmakers just ignore what courts tell them to do? We asked legal scholars | Editorial
- The Week
The senator isn't a Trump loyalist, and it's coming back to haunt him