Labour Strikes in the Auto Industry
The UAW strike against legacy carmakers is expanding, with GM and Stellantis parts plants affected, but Ford spared due to progress in negotiations.
Federal Reserve's Interest Rate Discussions
Federal Reserve officials discuss the possibility of higher interest rates for longer to combat inflation.
Fines for Goldman Sachs and Citadel
Goldman Sachs and Citadel agree to pay fines to the SEC over trading data inaccuracies.
FTC's Antitrust Lawsuit Against Amazon
The FTC is expected to sue Amazon for antitrust violations.
Missile Supply to Ukraine
The Biden administration agrees to provide Ukraine with long-range ATACMS missiles.
NBA Team Sale
A portion of the Golden State Warriors NBA team is up for sale, potentially valued at $7 billion.
UK Economic Concerns
Economists express concerns about the UK economy, predicting a significant growth slowdown due to high interest rates, uncertainty, and low productivity.
China's Property Market Woes
Chinese property stocks decline sharply amid concerns about China Evergrande Group's possible liquidation and other negative news in the sector.
Hedge Funds and Oil Rally
Hedge funds are increasingly bullish on the oil rally, with West Texas Intermediate crude prices soaring due to supply curbs and positive economic outlooks.
Nomura Banker's Travel Restriction
A senior banker at Nomura is barred from leaving China, linked to a probe of a top dealmaker, amid China's ongoing crackdown on corruption in the finance industry.
Financial Market Cautiousness
Financial markets exhibit caution, with S&P 500 and Nasdaq 100 futures edging lower, the US Dollar Index climbing, Treasury yields rising, and various commodity and asset price movements.
Works Cited on Friday, September 22, 2023: Daily Shot Research authored by Lev Borodovsky ©. The Guardian News & Media Limited, a member of Guardian Media Group PLC. Bloomberg L.P. and John Authers, Bloomberg Opinion columnist. ChatGPT, an AI software developed by OpenAI for summarizing articles (initial drafts).