Saturday, May 21, 2022

Saturday's News Links

[Reuters] Russia halts gas flow to Finland, says Mariupol steelworks siege has ended

[Reuters] Wall Street Week Ahead: As bear market looms, battered Wall St seeks elusive 'Fed put'

[CNBC] Americans now have an average of $9,000 less in savings than they did last year

[CNBC] Tech stocks are mired in their longest weekly losing streak since dot-com bust

[Reuters] Shanghai makes way towards COVID lockdown exit, Beijing plays defence

[Reuters] Biden, Yoon vow to deter North Korea and offer COVID aid

[AP] US, SKorea open to expanded military drills to deter North

[Yahoo/Bloomberg] Lagarde Says Crypto Is ‘Worth Nothing’ and Should Be Regulated

[Reuters] Australian PM Morrison concedes, ending nearly a decade of conservative rule

[Reuters] Japan's prime minister calls China's development in East China Sea unacceptable

[Bloomberg] A $5 Trillion ‘Wealth Shock’ Is Cracking Americans’ Nest Eggs

[Bloomberg] How $60 Billion in Terra Coins Went Up in Algorithmic Smoke

[WSJ] The Market Is Melting Down and People Are Feeling It. ‘My Stomach Is Churning All Day.’

[WSJ] Crypto Might Have an Insider Trading Problem

[WSJ] Apple Looks to Boost Production Outside China

[FT] ‘Megadrought’ threatens water and power supplies to millions in US

[FT] Is the global economy heading for recession?

[FT] Pessimism engulfs the Chinese economy as foreign investment fades

[FT] China seeks more island security pacts to boost clout in Pacific