Tuesday, August 9, 2022

Wednesday's News Links

[Yahoo/Bloomberg] Stocks Rally, Bond Yields Tumble After CPI Data: Markets Wrap

[Yahoo/Bloomberg] Oil Drops as Russia Prepares Druzhba Return, US Stockpiles Build

[Yahoo/Bloomberg] US Inflation Decelerates More Than Forecast on Gas Price Drop

[CNBC] Consumer prices rose 8.5% in July, less than expected as inflation pressures ease a bit

[CNBC] Wild swings in mortgage rates last week caused a rare surge in refinancing

[AP] US inflation will likely stay high even as gas prices fall

[Yahoo/Bloomberg] Egg Prices in US Jump 47% as Food Inflation Soars, IRI Says

[Reuters] U.S. Postal Service can't lick inflation, seeks to hike stamp prices again 

[Yahoo/Bloomberg] China Consumer Inflation Reaches 2-Year High as Pork Surges

[Yahoo/Bloomberg] China’s Central Bank Warns of Inflation Risks as CPI Climbs

[Reuters] China property developers' woes cast shadow over management units

[MSN/Guardian] China halts military drills around Taiwan but ‘war preparation’ continues

[AP] China reaffirms threat of military force to annex Taiwan

[Reuters] China withdraws promise not to send troops to Taiwan if it takes control of island

[AP] China’s youth face bleak job market as COVID slows economy

[Yahoo/Bloomberg] China’s Cities Face Tough Choice: More Green Energy or Food

[Reuters] China reports 1,094 new COVID cases for Aug 9 vs 939 day earlier

[Yahoo/Bloomberg] Historic Drought Threatens to Cripple European Trade

[AP] Ukraine says 9 Russian warplanes destroyed in Crimea blasts

[FT] Global supply chain pressures are easing — for now

Tuesday Afternoon Links

[Reuters] Nasdaq closes lower as chipmaker Micron's warning renews tech rout

[Yahoo/Bloomberg] Chipmaker Selloff Deepens as Micron, Nvidia Fan Slowdown Fears

[Yahoo/Bloomberg] Micron’s Warning Adds to Evidence of Collapsing Demand for Chips

[Reuters] Dreaded 'down rounds' shave billions off startup valuations

[Yahoo/Bloomberg] Ukraine Latest: Russian Oil Halted on Central European Pipeline