Thursday's News Links

[Reuters] Stocks slip as investors wait for U.S. stimulus

[Reuters] Gold scales record peak as gloomy economic outlook bolsters appeal

[Yahoo/Bloomberg] Turkey’s Lira Hits Record Low as Interventions Fail to Stem Drop

[CNBC] Trump to sign executive order requiring U.S. to buy ‘essential’ drugs from American companies

[CNBC] U.S. weekly jobless claims total 1.186 million, lowest level of the coronavirus pandemic

[Reuters] White House, congressional Democrats harden stances on coronavirus relief

[CNBC] White House threatens executive action if it fails to reach coronavirus relief deal with Democrats

[CNBC] Coronavirus updates: Fauci says politics won’t influence vaccine approval; AstraZeneca strikes production deal

[Reuters] Job cuts announced by U.S. companies jump 54% in July: report

[Reuters] U.S. steps up campaign to purge 'untrusted' Chinese apps

[Reuters] China threatens countermeasures as Taiwan prepares for U.S. visit

[Yahoo/Bloomberg] Gold Will Beat U.S. Stocks in Turbulent Market, Strategists Say

[Reuters] Factbox: Coronavirus in U.S. Congress: 15 members have tested or been presumed positive

[Yahoo/Bloomberg] Banks Empowered to Revamp India Loans With Bad Debt Surging

[Bloomberg] Trump Tests China’s Red Line on Taiwan Using Beijing’s Playbook

[Bloomberg] The Robinhood Craze Is Now Moving Stocks Everywhere

[WSJ] More Farmers Declare Bankruptcy Despite Record Levels of Federal Aid

[WSJ] Beirut Explosion Brings Lebanon to the Brink

[FT] Tett: Pandemic aid is exacerbating US inequality

[FT] Huge US bond issuance may compel Fed to alter purchase plans

[FT] Why banks’ declining reserves matter for the dollar

[FT] China crackdown on shadow banking sector prompts warning

[FT] Protesting Putin: Kremlin faces revolt in the regions

Wednesday Evening Links

[Reuters] Gold strides further above $2,000/oz, dollar weakens

[CNBC] S&P 500 closes higher for a fourth day, now just 2% from its February record as Disney rallies

[Reuters] Stunned by gold's record rise? There's more to come, analysts say

[CNBC] White House appears to make concessions on unemployment benefit offer in coronavirus relief talks

[CNBC] Trump administration wants to see ‘untrusted’ Chinese apps like TikTok and WeChat removed from U.S. app stores, Pompeo says

[Reuters] Fed policymakers say pickup in infections slowing U.S. economic recovery

[Reuters] Fed's Kaplan: Resurgence of virus is muting economic recovery, more aid needed

[AP] Gone for good? Evidence signals many jobs aren’t coming back

[Yahoo/Bloomberg] U.S. Borrowing Breaks Fresh Records, Shifting Focus to Fed

[Yahoo/Bloomberg] Biggest U.S. Banks Have More Than $150 Billion of Deferred Loans

[Yahoo/Bloomberg] Hedge Funds Embrace Relentless Stock Rally as Clients Grow Wary

[Yahoo/Bloomberg] Muni Yields Hit Lowest Since 1952 as Fiscal Crisis Tests a Haven

[Bloomberg] Pompeo Urges Cutting Ties With Chinese Tech Companies, Apps

[FT] Gold keeps its shine as investors shun dollar 

Wednesday Afternoon Links

[Reuters] Gold strides further above $2,000, dollar weakens

[Reuters] Wall St. gains on Disney's surprise profit, fiscal aid hopes

[Reuters] Oil prices hit five-month high as U.S. crude stocks fall sharply

[Reuters] U.S. job market recovery appears to be slowing, services sector powering ahead

[Reuters] Fed's Clarida says economy could reach pre-pandemic levels by end of 2021

[Bloomberg] U.S. Borrowing Breaks Fresh Records, Shifting Focus to Fed

[FT] Lira sinks after money market dysfunction rattles investors