What happens if global investors start to believe America's fraying democracy is making investing here riskier?

Nothing good, per new analysis from Ernie Tedeschi

My write-up of his latest:

axios.com/2024/05/09/us-…

Breaking news: The Bank of England has held interest rates at 5.25% for the sixth successive meeting, despite growing evidence that inflation is under control on.ft.com/4bsIAUJ

Martin Gruenberg is again auditioning for his role as head of the Federal Deposit Insurance Corp., a little over a year after Senate lawmakers confirmed him to be one of the nation’s top banking regulators. w/⁦Rebecca Ballhaus⁩ wsj.com/finance/regula…

Federal Reserve Governor Lisa Cook said the rise in lending by nonbank investment firms bears watching but doesn’t appear to have created excessive risk for the financial system. trib.al/EfrCayU

A U.S. House resolution would start a formal process to kill the U.S. Securities and Exchange Commission's controversial accounting policy on crypto custody, and a vote has been expected today, but President Joe Biden is already threatening to veto.

Jesse Hamilton reports

trib.al/r5HoE02

A rally in Treasuries that’s delivered the longest streak of gains for benchmark 10-year debt since August paused on Wednesday ahead of another chunky auction of securities trib.al/toHH6Gi

.Nasdaq Chief Economist Phil Mackintosh & Market Intelligence Desk join Jill Malandrino on #TradeTalks to discuss progress with inflation and the state of the US economy. x.com/i/broadcasts/1…

Speech by Governor Cook on financial stability at The Brookings Institution: federalreserve.gov/newsevents/spe…

Watch live: brookings.edu/events/a-conve…

Reddit stock rose 2% after the social-media company reported a bigger-than-forecast increase in users in its first set of results as a public company on.wsj.com/4dvKIwO

Happening today at 1:30 p.m. ET ▶️

China outbound investment rule to be completed by end of year -- US official reut.rs/3QwMLqv

BlackRock shifted billions into this active ETF. Here’s why it matters to regular investors cnbc.com/2024/05/08/bla…

Recent regulations mandated by the U.S. Securities and Exchange Commission prompt a company's Board of Directors to address cyber risk more concretely.

In a recent white paper, Marshall Lux and Rohan Mistry, write about the role of boardrooms in navigating cyber risk.

🔗:…

Breaking News: Customers of the failed cryptocurrency exchange FTX are poised to recover all of the money they lost in 2022 and receive interest on top of it. nyti.ms/3ybNEid

The House is set to vote @ 4:30 p.m. today on whether to overturn SEC's crypto accounting guidance, SAB121.

Flood tells me they expect to pick up Ds off HFSC. Torres says that's bc crypto has gotten better at 'building relationships.'

More in today's MM: politico.com/newsletters/mo…

Citi, JP Morgan in SIFMA coordinated US DLT settlement trials ledgerinsights.com/us-dlt-settlem…

Sweden’s central bank has cut interest rates for the first time in eight years as European monetary policymakers diverge from the US to support their economies. on.ft.com/3UAulqj

U.S. consumer credit growth slows in March trib.al/8jvgymW