Month: September 2023

UAW Boss Says Ford "Serious About Reaching Deal"; Expands Strike To All GM & Stellantis Parts Distribution Centers

UAW Boss Says Ford “Serious About Reaching Deal”; Expands Strike To All GM & Stellantis Parts Distribution Centers Update (1021ET): United Auto Workers boss Shawn Fain said, “Today at noon Eastern time, all of the parts distribution facilities of GM and Stellantis are being called to stand […]

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Biden-Harris campaign launch new ad targeting Hispanic voters ahead of second Republican debate

The Biden-Harris campaign is launching its third ad targeting Hispanic voters ahead of the Republican presidential debate. The 30-second ad, titled “The Difference,” offers viewers examples of what sets President Biden and Vice President Kamala Harris apart from Republicans. “Some talk. Others do. And in […]

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Sen. Bob Menendez charged with taking bribes to help business cronies, Egyptian government

NEW YORK — A federal grand jury in New York indicted Sen. Bob Menendez (D-N.J.) and his wife, charging the two with bribery in connection with their relationship with three New Jersey businessmen, according to an indictment unsealed Friday. Federal prosecutors accused the couple of […]

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Quantitative Tightening Is Not Biggest Threat To Global Yields

Authored by Simon White, Bloomberg macro strategist, The Bank of England’s quantitative tightening program shows that unwinding central-bank bond portfolios, even with outright sales, need not be disruptive for markets. The greater risk for US and global yields comes from positive stock-bond correlations driving risk premia […]

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Despite posturing and proposals, Congress gets paid during a shutdown (whether they want to or not.)

As “shutdown looms” becomes standard fare for headline writers across Washington, lawmakers are already saying they shouldn’t be paid during a government shutdown, given that funding the federal government is one of the primary jobs of Congress. But the Department of Treasury is obligated, constitutionally, […]

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