Wednesday, May 26, 2021

Thursday's News Links

[Yahoo/Bloomberg] Stocks Fluctuate After Economic Data; Bonds Drop: Markets Wrap

[Yahoo/Bloomberg] Gold Steadies Near Four-Month High as Central Banks in Focu

[Yahoo/Bloomberg] Oil Declines Below $66 as Investors Await Outcome of Iran Talks

[Reuters] U.S. weekly jobless claims drop sharply; second-quarter GDP growth unrevised at 6.4 pct

[Reuters] Biden to propose $6 trillion U.S. budget for in 2022 fiscal year - NYT

[Dow Jones] Biden's Budget: What to Expect and What It Means

[Yahoo/Bloomberg] Orders for U.S. Business Equipment Rise More Than Forecast

[Reuters] U.S. consumers borrow more for longer to drive trucks and SUVs

[Yahoo/Bloomberg] U.S., China Trade Chiefs Hold ‘Candid’ Talks in First Call

[Yahoo/Bloomberg] World Faces Longer Supply Shortage as China’s Factories Squeezed

[CNBC] The Fed keeps expanding its powers and that’s making some people nervous

[Dow Jones] Federal Prosecutors Have Asked Banks for Information About Archegos Meltdown

[Yahoo/Bloomberg] Biden’s Top Man in Asia Says the Era of Engagement With China Is Over

[WSJ] ‘God Told Me to Put Money Into Hertz’: How Small Investors Are Upending Wall Street

[FT] Chinese business under pressure from rising commodity prices

[FT] Convertible debt sold by high-flying US groups falls back to Earth

[FT] Joe Biden faces Democratic tug of war over infrastructure package

[FT] China deploys hulking sand dredgers to crank up pressure on Taiwan

Wednesday Evening Links

[Yahoo/Bloomberg] Quarles Seeks Taper Talk in Coming Meetings If U.S. Stays Strong

[Reuters] Fed's Quarles signals he is open to talks on bond program

[Reuters] U.S. SEC considering new rules to tackle SPACS, crypto tokens

[Reuters] U.S. bank profits rose 29% as outlook for future credit losses adjusted downward

[Yahoo/Bloomberg] Extreme Heat to Test Power Grids From California to New England

[Bloomberg] From Corn to Copper, Commodities Cool Off With China in Focus

[Bloomberg] Luxury Builder Shrugs Off Lumber Surge With $875,500 Homes

[FT] Senior Fed official says it may be time to begin tapering debate

Wednesday Afternoon Links

[Yahoo/Bloomberg] Most U.S. Stocks Rise as Small Caps Take the Lead: Markets Wrap

[Reuters] Wall St rises as Fed officials soothe inflation worries 

[Yahoo/Bloomberg] China’s Scrutiny of Corn Imports Spurs U.S. Cargo Cancellations

[Reuters] China to strengthen commodity price controls in five-year plan

[Reuters] Extreme heat drives 'high risk' summer for U.S. power, especially in California