If the debt limit is breached, investors expect Treasury to put bond payments first. It’d be politically and practically fraught.
Category: Stocks and Bonds
Rupert Murdoch Backtracks on Plan to Merge Fox and News Corp
News Corp, one of his companies, said Rupert Murdoch had determined that a merger was “not optimal for shareholders of News Corp and Fox at this time.”
Elon Musk Faces Trial Over His 2018 Plan to Take Tesla Private
Investors are seeking billions of dollars in damages for their losses after Mr. Musk posted a proposal on Twitter that never materialized.
Bob Jordan, Southwest Airlines’ CEO, on What Went Wrong
Southwest Airlines’ chief executive, Bob Jordan, said frigid temperatures and mistakes by the company caused its meltdown around Christmas.
Tesla Cuts Prices Sharply as It Moves to Bolster Demand
The price reductions in the United States will make more of the company’s electric vehicles eligible for a federal tax credit.
Southwest’s Meltdown Could Cost It Up to $825 Million
The airline has not said how soon it will upgrade the systems that contributed to mass flight cancellations, or how much that will cost.
Fed Officials Fretted That Markets Would Misread Rate Slowdown
Central bankers remained committed to wrestling inflation lower, and wanted to make sure investors understood that message, minutes from the Federal Reserve’s December meeting showed.
The Year the Long Stock Market Rally Ended
How fast inflation and high interest rates upended markets across the globe.