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Bloomberg
US Jobs Rise While Unemployment Drops, Keeping Pressure on Fed
(Bloomberg) — US employers continued to hire at a solid pace last month and the jobless rate unexpectedly returned to a historic low, indicating a sturdy labor market that puts the inflation-focused Federal Reserve on course for another outsize interest-rate hike.Most Read from BloombergBiden Says Putin Threats Real, Could Spark Nuclear ‘Armageddon’Kremlin Lets State Media Tell Some Truths About Putin’s Stalling WarMusk’s Twitter Takeover Hits Snag Over Debt-Financing IssueNord Stream Leaks Cau
Reuters
TREASURIES-U.S. yields move higher with payrolls report on deck
The yield on the benchmark U.S. 10-year Treasury rose on Thursday after a reading on the labor market showed unemployment benefit claims rose by the most in four months last week ahead of the monthly payrolls report. Investor focus now turns to the September jobs report, with expectations for nonfarm payrolls to increase by 250,000 jobs and the unemployment rate to stay unchanged at 3.7%. “Everybody is kind of waiting, that’s why we are a little bit rangebound both on stocks and bonds because if that jobs report print is really hot, that could be a big negative for bonds and crush the stock market, or vice versa,” said Jay Hatfield, founder and CEO of Infrastructure Capital Management in New York.
TheStreet.com
Checking Goldman Sachs Ahead of Earnings
Goldman Sachs is scheduled to report its third-quarter earnings figures in about a week and a half and the financial powerhouse and a sell-side firm was just raised its recommendation to a “buy” (outperform) with a $429 price target. Many market watchers will be closely watching the earnings of the banks in the days and weeks ahead so let’s dive in and check the charts of Goldman. In the daily bar chart of GS, below, we can see that shares declined earlier this year along with many other financial institutions.
Benzinga
These 3 REITs Are Paying Huge Dividends
Smart investors know that when a solid company is out of favor with Wall Street and its stock has been beaten down, it’s usually just a matter of time before the stock rebounds and the shares begin to sell in more of their usual range. When REITs are out of favor, their usual 4% or 5% dividend yield can soar to above-average percentages. It takes courage to buy them at these times, but the rewards can be substantial if appreciation occurs, along with the huge dividend yields locked in for the lo
Bloomberg
Fed’s Waller Sees Additional Rate Hikes Into Early Next Year
(Bloomberg) — Federal Reserve Governor Christopher Waller said the US central bank needs to continue to raise interest rates into early 2023 and keep the battle over inflation a top priority despite roiled financial markets.Most Read from BloombergMusk’s Twitter Takeover Hits Snag Over Debt-Financing IssueKremlin Lets State Media Tell Some Truths About Putin’s Stalling WarNord Stream Leaks Caused by Detonations in Sign of SabotageBiden Says Putin Threats Real, Could Spark Nuclear ‘Armageddon’Tr
Engadget
The Pixel 7 packs Google’s Tensor G2 chip and starts at just $599
After being teased back at I/O 2022, today Google announced the new Pixel 7 starting at just $599 and featuring a refreshed design, a Tensor G2 chip and a bunch of new photo and video enhancements.
Bloomberg
Treasuries Liquidity Problem Exposes Fed to ‘Biggest Nightmare’
(Bloomberg) — The latest bout of global financial volatility has heightened concerns about regulators’ continuing failure to resolve liquidity problems with US Treasuries — the debt that serves as a benchmark for the world.Most Read from BloombergNord Stream Leaks Caused by Detonations in Sign of SabotageMusk’s Twitter Takeover Hits Snag Over Debt-Financing IssueKremlin Lets State Media Tell Some Truths About Putin’s Stalling WarTrump Says US Agency Packed Top-Secret Documents. These Emails Su
Reuters
Credit Suisse pays down debt to calm investors
ZURICH (Reuters) -Credit Suisse will buy back up to 3 billion Swiss francs ($3 billion) of debt, an attempt by the Swiss bank to show its financial muscle and reassure investors concerned about the lender’s overhaul and how much it may cost. One of the largest banks in Europe, Credit Suisse is trying to recover from a string of scandals, including losing more than $5 billion from the collapse of investment firm Archegos last year, when it also had to suspend client funds linked to failed financier Greensill. Credit Suisse shares gained as much as 3% in early Friday trading, while the price of its euro-denominated bonds rose.
Bloomberg
Tech Stocks Set for More Pain as AMD Revives Earnings Fears
(Bloomberg) — Technology stocks are facing more pain after chipmaker Advanced Micro Devices Inc. revived fears about the upcoming earnings season after warning that third-quarter sales were softer than expected.Most Read from BloombergBiden Says Putin Threats Real, Could Spark Nuclear ‘Armageddon’Kremlin Lets State Media Tell Some Truths About Putin’s Stalling WarMusk’s Twitter Takeover Hits Snag Over Debt-Financing IssueNord Stream Leaks Caused by Detonations in Sign of SabotageTrump Says US A
