Wednesday, August 25, 2021

Thursday's News Links

[Yahoo/Bloomberg] Stocks Drop as Tech Retreats; Crude Oil Declines: Markets Wrap

[Reuters] Shares tap the brakes, bonds sense caution

[Yahoo/Bloomberg] Chinese Tech Shares Slip, Snapping Three-Day Rally; Liquor Falls

[Reuters] Oil rally ends amid COVID-19 concerns, returning supply

[Reuters] U.S. second-quarter economic growth revised slightly higher; weekly jobless claims rise

[Reuters] Fed's Powell likely to give few hints on bond-buying taper timeline

[Yahoo/Bloomberg] Fed’s George Says Time to Get Taper Started, Despite Delta Risk

[CNBC] South Korea hikes interest rates, the first developed economy to do so in pandemic era

[Reuters] Japan's service prices sustain rise as demand weathers COVID hit

[Yahoo/Bloomberg] Evergrande EV Stock Loses $80 Billion in World’s Worst Rout

[Yahoo/Bloomberg] Ping An Profit Sinks on $3.2 Billion Hit From China Fortune

[Bloomberg] China’s Communist Party Vows to Both Grow and Share Economic Pie

[Bloomberg] Billionaire Donations Soar in China Push for ‘Common Prosperity’

[WSJ] World’s Largest Chip Maker to Raise Prices, Threatening Costlier Electronics

[WSJ] Chinese Property Giant Warns of Losses After Cutting Apartment Prices

[WSJ] Delta Variant’s Spread Clouds Outlook for Emerging-Market Debt

[WSJ] U.S. Covid-19 Hospitalizations Nearly Doubled in August as Some States Ask for Resources

[FT] Fed prepares for virtual Jackson Hole meeting under cloud of Delta

Wednesday Evening Links

[Yahoo/Bloomberg] Asia Stocks Eye Mixed Start Amid Dip in Treasuries: Markets Wrap

[CNBC] Stock futures are flat with S&P 500 at fresh record 

[Yahoo/Bloomberg] China’s Regulatory Crackdowns Are Already Hurting the Economy

[Reuters] China criticises U.S. 'scapegoating' over COVID origin report

[Bloomberg] The World Economy’s Supply Chain Problem Keeps Getting Worse

[NYT] The Pandemic Is Testing the Federal Reserve’s New Policy Plan

[WSJ] Taliban Takeover Is a Boon for Cash-Strapped Iran

Wednesday Afternoon Links

[Yahoo/Bloomberg] Stocks Extend Gain as ‘Not That Many Bears Left’: Markets Wrap

[Reuters] Treasuries -Yields rise with Fed's Powell speech in focus

[Yahoo/Bloomberg] Copper Slips as Dollar and Yields Rise, Virus Concerns Simmer

[Reuters] After summer of stock market highs, signs of unease emerge

[Reuters] U.S. business equipment spending strong even as new orders flat in July

[Yahoo/Bloomberg] For Fed Taper, Forget When It Starts. It’s the End That Matters

[CNBC] Pediatric Covid hospitalizations surge to highest on record in U.S. as doctors brace for more

[Yahoo Finance] Gundlach: Low rates, stimulus have been 'a very deep punch bowl spiked pretty heavily with 100-proof liquor'

[FT] Jackson Hole offers the Fed a chance to provide clarity