Wednesday, May 5, 2021

Thursday's News Links

[Yahoo/Bloomberg] U.S. Stocks Steady After Jobless Claims Decline: Markets Wrap

[Yahoo/Bloomberg] Copper and Iron Ore Surge as Chinese Investors Unleash Demand

[Yahoo/Bloomberg] China Stocks Slump as Vaccine IP Waiver Proposal Hits Drugmakers

[CNBC] Jobless claims tumble in another sign the labor market is getting closer to pre-pandemic levels

[Yahoo/Bloomberg] ‘Frothy’ Stock Prices Pose Quandary for Powell in Mapping Policy

[Yahoo/Bloomberg] Fed Hawks Join the Chorus Playing Down Worries On Inflation

[Dow Jones] Millions Are Unemployed. Why Can't Companies Find Workers?

[Yahoo/Bloomberg] BOE Slows Bond Buying as U.K. Economic Recovery Gathers Pace

[Yahoo/Bloomberg] Brazil Pledges Another ‘Sharp’ Rate Hike to Hit Inflation Target

[Reuters] ECB to inspect loans to shadow banks after Greensill, Archegos fiascos

[Reuters] China condemns G7 statement censuring Beijing, supporting Taiwan

[Yahoo/Bloomberg] China Suspends Economic Dialogue With Australia Amid Tensions

[Yahoo/Bloomberg] Cathie Wood’s Ark Battered by Selloff, Worst Run of Outflows

[Yahoo/Bloomberg] India Posts Record Cases, Deaths; Moderna Shots: Virus Update

[Bloomberg] Traders Push Inflation Gauge to 13-Year High as Debate Rages

[Bloomberg] Rents Soar for Millions of Americans as Threat of Eviction Looms

[Bloomberg] The Chip Shortage Keeps Getting Worse. Why Can’t We Just Make More?

[NYT] Biden Leans Into Plans to Tax the Rich

[WSJ] GameStop Frenzy, Archegos Meltdown May Prompt New SEC Rules, Chairman Says

[WSJ] Chicken Shortage Sends Prices Soaring, and Restaurants Can’t Keep Up

[FT] Crypto trading volumes boom as activity cools on stock markets

Wednesday Evening Links

[Yahoo/Bloomberg] Asia Stocks Look Steady as Tech Drops; Yields Fall: Markets Wrap 

[Yahoo/Bloomberg] Tech Leads Stock Losses While Treasuries Advance: Markets Wrap

[CNN] US supports vaccine patent waiver proposal at World Trade Organization

[Yahoo/Bloomberg] Brazil Raises Key Rate by 75 Basis Points, Sees a Repeat in June

[Yahoo/Bloomberg] SEC Chief Signals New Rules That Could Threaten Robinhood, Citadel

[CNBC] Clarida says the Fed is ‘a long way from our goals’ and tightening policy

[Yahoo/Bloomberg] Cathie Wood’s Ark Battered by Selloff in Stay-at-Home Darlings

[Yahoo/Bloomberg] Huarong’s Fate May Rest With Xi Confidant Who Loathes Bailouts

[Yahoo/Bloomberg] Moderna Booster Effective; Canada May Mix Shots: Virus Update

[Reuters] G7 scolds China and Russia over threats, bullying, rights abuses

[FT] Gensler raises concern about market influence of Citadel Securities

[FT] Colombia protests intensify with at least 24 dead

Wednesday Afternoon Links

[Yahoo/Bloomberg] Stocks Rise After Strong Economic Data, Earnings: Markets Wrap

[Reuters] Wall Street rises as megacap stocks bounce; Dow hits record high

[Yahoo/Bloomberg] Oil Erases Gain With Growing U.S. Gasoline Stockpiles Weighing

[Yahoo/Bloomberg] Crop Rally Seen Powering On as Buyers Shrug Off High Prices

[Reuters] U.S., China to assess Phase 1 deal soon, Biden trade chief says

[Yahoo/Bloomberg] Fed Officials Continue Playing Down Risk of Higher Inflation

[Reuters] Fed's Rosengren says conditions for tapering could be reached later this year

[Reuters] Fed's Mester: Will be 'deliberately patient' regarding inflation

[Yahoo/Bloomberg] Services in U.S. Expand at Second-Strongest Pace on Record

[Yahoo Finance] US could lose up to 2 million workers from jobs mismatch, retirement: BofA

[Yahoo/Bloomberg] U.S. Keeps Quarterly Bond Sale at High, Warns on Debt Limit

[SFGate] The East Bay real estate market is so hot, houses are selling for more than $1M over asking price

[Yahoo/Bloomberg] G-7 Signals Deep Concern Over Alleged China Human-Rights Abuses

[Yahoo/Bloomberg] Global Hunger Hits Highest in Years as Pandemic Hurts Income