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 Chaos hit the overnight borrowing market this week, underscoring cracks in a key funding market for Wall Street that could ripple through the real economy without a more permanent patch.
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Our call of the day from Liz Ann Sonders, chief investment strategist at Charles Schwab, worries investors are being a bit too casual about one aspect of the economy right now.
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Measured in 2019 dollars, oil peaked at $158 a barrel in 2008.
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Investor confidence is playing an abnormally important role in U.S. equity markets, and potentially the entire U.S. economy, BNY Mellon's Liz Young tells MarketWatch.
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Moody's said the work stoppage, now in its fourth day, poses an "outsized economic threat" to Michigan as well as some local governments such as Detroit.
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