Tuesday, August 16, 2022

Wednesday's News Links

[Yahoo/Bloomberg] US Stocks Tumble as Fed Worries Outweigh Earnings: Markets Wrap

[Yahoo/Bloomberg] Oil Swings With Recession Fears, Iran Talks Dominating Market

[CNBC] Retail sales little changed in July amid fall in gas prices and drop in auto sales

[CNBC] Mortgage demand fell last week even as rates declined slightly

[Reuters] Target profit crumbles as inflation-weary consumers shun discretionary spending

[Reuters] Pricey pencils, paper: U.S. teachers get schooled in inflation

[Reuters] Blasts hit Russian base in Crimea, Ukraine targets supply lines

[Yahoo/Bloomberg] Ukraine Latest: Zelenskiy Warns People Away From Russian Bases

[MSN/WSJ] Russia Strikes Ukrainian Ports After Crimea Blasts

[Yahoo/Bloomberg] China’s Li Urges More Pro-Growth Policy as Economy Sputters

[Reuters] China races to alleviate drought, power cuts amid record heatwave

[Yahoo/Bloomberg] Toyota, CATL Shut Plants in Sichuan as Power Crisis Worsens

[Reuters] China to send troops to Russia for 'Vostok' exercise

[CNN] UK inflation exceeds 10% as bread and milk prices soar

[Reuters] NZ central bank signals aggressive tightening pace after 50-bps hike

[Yahoo/Bloomberg] Euro-Zone Economy Grew Less Than Estimated in Second Quarter

[Yahoo/Bloomberg] A $379 Billion Hole Emerges in Developing Nations’ War Chests

[Reuters] Analysis-U.S., European banks could lose over $5 billion from risky buyout loans

[Bloomberg] Huarong Shares, Bonds Slump After Warning of $2.8 Billion Loss

[WSJ] China’s Measures to Boost Economy Don’t Match Past Efforts

[WSJ] Heat Wave Intensifies Energy Crisis in Europe

[FT] ‘Shock the market’: Wall Street’s original ‘Dr Doom’ tells Fed to toughen up

[FT] US chipmakers hit by sudden downturn after pandemic boom

[FT] China’s Huarong issues profit warning on property sector woes

[FT] Toyota and Foxconn hit as drought leads to record low Yangtze River

[FT] Taiwan tensions force multinationals to rethink China risk