Unrest in the banking sector could make it more difficult for some consumers to obtain loans to buy homes, cars and other big-ticket items. Economists say much of the near-term impact could depend more on Americans' psychology-whether they have confidence the economy will weather the banking storm that might or might not directly hit their pocketbooks.
RBA Prepares Ground for a Pause in Rate Hikes in April
SYDNEY-The Reserve Bank of Australia said Tuesday that it will discuss a pause in interest rate increases at its forthcoming policy meeting on April 4.
"Members agreed to reconsider the case for a pause at the following meeting, recognizing that pausing would allow additional time to reassess the outlook for the economy," the RBA said in minutes of its March 7 board meeting.
U.S. Warns China Against Using Taiwan President's U.S. Stop to Raise Tensions
WASHINGTON-The Biden administration is urging China not to use a U.S. visit by Taiwan's president to raise tensions, with a senior official saying the trip is consistent with previous ones that passed without incident.
Taiwan President Tsai Ing-wen plans to stop in New York and Los Angeles in coming weeks on her way to and from formal visits to Guatemala and Belize. These stops, often called transits, are part of the strained diplomatic choreography over Taiwan and are intended to hew to a U.S. commitment to Beijing to maintain unofficial relations with Taiwan, while allowing its leaders to meet with supporters, including members of Congress.
How a Potential Indictment and Arrest of Donald Trump Could Unfold
The Manhattan grand jury hearing evidence about Donald Trump's role in a payment to a porn star appears to be wrapping up its work, indicating that prosecutors could soon ask jurors to vote on an indictment of the former president.
Mr. Trump, who has denied wrongdoing, has said the probe by the office of Manhattan District Attorney Alvin Bragg, a Democrat, is politically motivated.
Biden Signs Measure on Declassifying Intelligence on Covid-19 Origins
WASHINGTON-President Biden on Monday signed into law a measure requiring his administration to declassify intelligence related to potential links between China's Wuhan Institute of Virology and the Covid-19 pandemic, amid continued questions about the virus's origins.
The Covid-19 Origin Act of 2023 gives the director of national intelligence 90 days to declassify the information about the lab's research and activities related to the Covid-19 outbreak, including details about any researchers who fell ill in the fall of 2019. It allows the director to make redactions necessary to protect sources and methods.
Ukraine's Leadership Doubles Down on Bakhmut Defense as Russians Get Closer
KOSTYANTYNIVKA, Ukraine-Every time Pvt. Viktor Daletskiy drives into the besieged eastern city of Bakhmut to pick up the injured and dead, the front line is a bit closer and the route in more precarious.
"It's really tough. They're getting closer and closer," he said of the Russians during a pit stop this week outside a gas station 14 miles west of Bakhmut. "But their losses are still greater than ours."
Macron's Government Survives No Confidence Vote in National Assembly
PARIS-French President Emmanuel Macron's government narrowly survived a no-confidence vote in the National Assembly on Monday, fending off a last-ditch effort to kill his contentious pension overhaul and topple his administration.
The no-confidence motion, spearheaded by a group of centrists, won the support of 278 lawmakers in the lower house of Parliament, nine votes short of a majority. A second no-confidence vote, filed by Marine Le Pen's far-right National Rally, failed by a wide margin.
Saudi Arabia Releases U.S. Dual National After White House Pressure
DUBAI-Saudi Arabia released a U.S. citizen who had been sentenced to 19 years in prison over tweets criticizing the kingdom's policies that he posted while living in Florida, his son said Tuesday, following pressure from the Biden administration.
Saad Ibrahim Almadi, 72 years old, was arrested in 2021 after traveling to the kingdom to visit family and convicted on charges that included trying to destabilize the kingdom and supporting terrorism. The charges have been dropped but Mr. Almadi-who also holds Saudi citizenship-still can't leave the country, according to his son Ibrahim, who spoke with his father by phone.
Write to ina.kreutz@wsj.com TODAY IN CANADA
Earnings:
Bragg Gaming 4Q
Dialogue Hlth Tech. 4Q
K-Bro Linen 4Q
LifeSpeak 4Q
WELL Health Tech. 4Q
Economic Calendar (ET):
0830 Feb CPI
Stocks to Watch:
AKITA Drilling Names Colin Dease President and CEO; Linda Southern-Heathcott Will Continue to Be Executive Chair
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CN and Unifor: Reach Tentative Agreements; Collective Agreements Cover Approximately 3,000 CN Employees Working in Various Departments Such as Mechanical, Intermodal, Facility Management, and in Clerical Positions in Canada; No Details of the Tentative Agreements Will Be Released Publicly Until the Agreements Are Ratified
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Crown Capital Partners 4Q Loss/Shr C$0.58; 4Q Loss C$3.27M; 4Q Rev C$14.1M
Expected Major Events for Tuesday
07:00/UK: Feb Public sector finances
10:00/GER: Mar ZEW Indicator of Economic Sentiment
12:30/CAN: Feb CPI
12:55/US: 03/18 Johnson Redbook Retail Sales Index
14:00/US: Feb Existing Home Sales
20:30/US: 03/17 API Weekly Statistical Bulletin
All times in GMT. Powered by Onclusive and Dow Jones.
Expected Earnings for Tuesday
9 Meters Biopharma Inc (NMTR) is expected to report for 4Q.
ADDvantage Technologies (AEY) is expected to report for 4Q.
Acer Therapeutics Inc (ACER) is expected to report $-0.88 for 4Q.
Acerus Pharmaceuticals Corp (ASP.T) is expected to report for 4Q.
Apollo Endosurgery Inc (APEN) is expected to report $-0.22 for 4Q.
Aspen Group Inc (ASPU) is expected to report $-0.08 for 3Q.
Athersys (ATHX) is expected to report for 4Q.
BELLUS Health Inc (BLU,BLU.T) is expected to report for 4Q.
Canadian Solar (CSIQ) is expected to report $0.70 for 4Q.
Citi Trends Inc (CTRN) is expected to report $0.43 for 4Q.
Creative Media & Community Trust Corp (CMCT) is expected to report for 4Q.
Crossroads Impact Corp (CRSS) is expected to report for 1Q.
Cue Biopharma Inc (CUE) is expected to report $-0.31 for 4Q.
CytomX Therapeutics Inc (CTMX) is expected to report $-0.24 for 4Q.
ECN Capital Corp (ECN.T) is expected to report $0.07 for 4Q.
Evoke Pharma (EVOK) is expected to report for 4Q.
FTI Consulting (FCN) is expected to report $1.67 for 4Q.
Firm Capital Mortgage Investment is expected to report for 4Q.
Fresh Tracks Therapeutics Inc (FRTX) is expected to report for 4Q.
GameStop Corp (GME,GMEB) is expected to report $-0.16 for 4Q.
Giga-Tronics Inc (GIGA) is expected to report for 3Q.
HyreCar Inc (HYRE) is expected to report $-0.16 for 4Q.
Intellicheck Inc (IDN) is expected to report $-0.03 for 4Q.
Invacare Corp (IVCRQ) is expected to report $-0.36 for 4Q.
K-Bro Linen (KBL.T,KBRLF) is expected to report $0.08 for 4Q.
Lument Finance Trust Inc (LFT) is expected to report for 4Q.
Magenta Therapeutics Inc (MGTA) is expected to report $-0.29 for 4Q.
Neoleukin Therapeutics Inc (NLTX) is expected to report for 4Q.
Orgenesis Inc (ORGS) is expected to report $0.00 for 4Q.
Oxford Square Capital Corp (OXSQ) is expected to report $0.13 for 4Q.
Reneo Pharmaceuticals Inc (RPHM) is expected to report for 4Q.
Surgalign Holdings Inc (SRGA) is expected to report for 4Q.
TCR2 Therapeutics Inc (TCRR) is expected to report $-0.80 for 4Q.
Talis Biomedical Corp (TLIS) is expected to report for 4Q.
Terran Orbital Corp (LLAP) is expected to report for 4Q.
VirnetX Holding Corp (VHC) is expected to report for 4Q.
WELL Health Technologies Corp (WELL.T) is expected to report $-0.02 for 4Q.
X4 Pharmaceuticals Inc (XFOR) is expected to report $-0.22 for 4Q.
XWELL Inc (XWEL) is expected to report for 4Q.
Zynerba Pharmaceuticals Inc (ZYNE) is expected to report $-0.19 for 4Q.
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ANALYST RATINGS ACTIONS
9 Meters Biopharma Cut to Hold From Buy by Truist Securities
American Airlines Group Raised to Peer Perform From Underperform by Wolfe Research
Aspen Aerogels Raised to Buy From Hold by Benchmark
Beauty Health Raised to Neutral From Underperform by Exane BNP Paribas
Cleveland-Cliffs Raised to Peer Perform From Underperform by Wolfe Research
Co-Diagnostics Cut to Neutral From Buy by HC Wainwright & Co.
Coinbase Raised to Buy From Hold by US Tiger Securities, Inc
Conagra Brands Raised to Hold From Sell by Deutsche Bank
Cyxtera Technologies Cut to Market Perform From Outperform by TD Cowen
Dow Raised to Buy From Hold by Deutsche Bank
EastGroup Raised to Buy From Neutral by Mizuho
Enphase Energy Raised to Outperform From Market Perform by Raymond James
Karuna Therapeutics Shares Rally Premarket on Schizophrenia Study
Kimberly-Clark Raised to Hold From Sell by Deutsche Bank
Kroger Raised to Buy From Neutral by Northcoast Research
Lifecore Biomedical Cut to Equal-Weight From Overweight by Stephens & Co.
Live Nation Raised to Buy From Neutral by Northcoast Research
Meta Platforms Raised to Buy From Hold by Edward Jones
NRG Energy Raised to Buy From Neutral by B of A Securities
NY Community Bancorp Raised to Outperform From Market Perform by Keefe, Bruyette & Woods
NY Community Bancorp Raised to Outperform From Neutral by Wedbush
Panbela Therapeutics Raised to Buy From Hold by Maxim Group
Pear Therapeutics Cut to Market Perform From Outperform by TD Cowen
Pear Therapeutics Cut to Neutral From Buy by Chardan Capital
Pear Therapeutics Cut to Neutral From Outperform by Credit Suisse
Portillo's Raised to Buy From Hold by Stifel
PowerSchool Raised to Outperform From Market Perform by Raymond James
(MORE TO FOLLOW) Dow Jones Newswires
03-21-23 0622ET
