News
FOX Business | Men’s Wearhouse Rejects $2.3B Bid from Jos. A. Bank
Men’s Wearhouse rejected an unsolicited offer from smaller rival Jos. A. Bank Clothiers, saying the $2.3 billion proposal to create a men’s apparel giant undervalues the company.
Bloomberg | Carbon Markets 94% Cheaper Than Renewable Support, OECD Says
Carbon markets are about 94 percent cheaper at cutting greenhouse gases than renewable subsidies paid to power producers, according to the Organization for Economic Cooperation and Development.
CNBC | Reluctantly, market faces a real default threat
Wall Street experts, who only a few days ago dismissed a debt default as a near-impossibility, are now having to come to grips with a worst-case scenario that no longer seems so far-fetched.
Econ Comments & Analysis
Bloomberg | Recession Looms If Treasury Uses Tools to Prevent a Default
The U.S. Treasury has the means to avoid a debt default even if Congress fails to raise the government’s $16.7 trillion borrowing limit. The bad news is that it can’t prevent a recession.
Market Watch | The market is starting to panic
For weeks, investors and traders have been remarkably complacent. In the lead up and immediate aftermath of the first government shutdown in 17 years, the sellers were held at bay by the idea at compromise deal would surely happen. Anytime now.
Market Watch | Fed's Evans: 'Great pause' from current economy
Chicago Fed President Charles Evans said Wednesday that U.S. economic growth has been disappointing this year and the current situation gives him "great pause."
Blogs
WSJ | U.S. Refiners Export More Fuel Than Ever
U.S. refiners are selling more fuel abroad than ever before, effectively exporting the American energy boom to the four corners of the world.
