Tuesday, August 10, 2021

Wednesday's News Links

[Yahoo/Bloomberg] Stocks Turn Higher With Bonds on Inflation Data: Markets Wrap

[Reuters] Oil drops below $70 as U.S. urges OPEC+ to pump more

[Reuters] Gold gains on Delta variant concerns ahead of U.S. inflation data

[Yahoo/Bloomberg] China Evergrande Soars After Confirming Talks to Sell Assets

[CNBC] July consumer prices jump 5.4%, but core inflation rises less than expected

[CNBC] Weekly mortgage demand hints at return of the first-time homebuyer

[AP] Biden administration sounds alarm on rising energy prices

[Reuters] Manchin concerned about "grave consequences" of U.S. Senate's $3.5 trln spending plan

[Reuters] Exclusive-Fed's Barkin: U.S. "closing in" on taper, but could still take a few months

[Reuters] Fed's Evans: Wants "few more" job reports before bond taper

[Yahoo/Bloomberg] China’s Credit Expands at Slowest Pace Since February 2020

[Reuters] China auto sales tumble for a third straight month in July

[Yahoo/Bloomberg] AMLO Is Sweeping Out Inflation Hawks in Overhaul of Central Bank

[AP] Pacific Northwest braces for another multiday heat wave

[Reuters] Taliban could take Afghan capital in 90 days- U.S. intelligence

[Bloomberg] Manic Robinhood Era Is Forcing Quants to Rethink Popular Trades

[Bloomberg] China Huarong Unit Rating Now Deep into Junk Territory at Fitch

[WSJ] Fed’s Evans Open to Reducing Asset Purchases Later This Year

[FT] Pace of US inflation stays at 13-year high in July

Tuesday Evening Links

[Reuters] Dow, S&P 500 scale new peaks as $1 trln infrastructure bill passes 

[Reuters] Treasuries - Yields rise; three-year auction sees solid demand

[Reuters] Oil up more than 2%, boosted by forecast for U.S. fuel demand growth

[CNBC] Here’s what’s next for the $1 trillion bipartisan infrastructure bill

[Reuters] U.S. Senate turns to $3.5 trillion bill, key to Biden's agenda

[AP] Bullard: Robust job growth supports Fed tapering ‘soon’

[CNBC] Consumer inflation likely to be another scorcher in July, economists say

[Yahoo Finance] Truck driver shortage ‘is about as bad as I’ve ever seen’: US Xpress CEO

[Newsweek] $611 Million in Cryptocurrencies Stolen in Massive Hack

Tuesday Afternoon Links

[Reuters] Dow, S&P 500 scale new peaks as $1 trln infrastructure bill passes 

[Yahoo/Bloomberg] Oil Climbs on Confidence Demand to Hold Up Despite Viral Surge

[Reuters] U.S. Senate passes bipartisan $1 trillion infrastructure bill

[Reuters] U.S. productivity growth slows in Q2; labor costs revised down in Q1

[Yahoo Finance] Supply chain issues causing ‘unprecedented’ non-recession inventory slump: JPM

[Yahoo/Bloomberg] U.S. Energy Emissions Set to Surge Most in More Than 30 Years