Biden Bid to Restore Student Debt Relief Rejected by Court
Published: Friday, 02 December 2022 07:38 | 
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Wednesday’s ruling by a three-judge panel of the New Orleans-based court is the latest blow to a plan that has been shadowed by legal doubt since Biden announced it in August. The decision left in force a ruling from a federal judge in Texas declaring the program unlawful.
Global Money Supply Growth Ex-US Most Negative Since at Least 2004
Published: Friday, 02 December 2022 07:32 | |
| The global money supply, excluding the US, has swung from one of its fastest rates of growth last Spring to its fastest rate of contraction since at least 2004, as the following chart from Bianco Research highlights.
Credit Fund Outflows in 2022 Unwind Last Year’s Inflows: BofA
Published: Friday, 02 December 2022 07:16 | |
| Investors have withdrawn $316 billion from credit funds this year, unwinding all of the previous year's inflows, BofA Global Research said in a note on Friday.
Dow Futures Drop 400 Points As Investors Digest Stronger-Than-Expected Jobs Data
Published: Friday, 02 December 2022 05:46 | |
| Investors are looking ahead to the November jobs report for insight on how the Federal Reserve may proceed with its interest rate hikes.
November Payrolls Unexpectedly Smash Expectations As Hourly Earnings Jump
Published: Friday, 02 December 2022 05:45 | |
| It was supposed to be the lowest payrolls report since December 2020 and... it was, but not how the market expected. With consensus expecting a 200K print (and whisper predicting much lower amid the mass tech layoffs), virtually nobody - not even Goldman - expected a beat. And while we did in fact get the weakest print since Dec 2020...