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

Tuesday Evening Links

[Reuters] Dow, S&P 500 end higher with Walmart and other retailers

[CNBC] Homebuyers are backing out of more deals as high mortgage rates persist and recession fears linger

[AP] US West hit with water cuts but rebuffs call for deeper ones

[Bloomberg] America’s Winter Lettuce Hub Set to Bear Brunt of Water Cuts

[WSJ] Drought Devastates U.S. Cotton Harvest

[WSJ] China’s Ambassador Accuses U.S. of Exacerbating Crisis Over Taiwan

[FT] Gas markets leap on both sides of Atlantic as traders search for supplies

Tuesday Afternoon Links

[Reuters] Dow, S&P 500 gain on retail earnings boost

[Yahoo/Bloomberg] Oil Drops to Six-Month Low as Traders Mull Prospect of Iran Deal

[Yahoo/Bloomberg] US Housing Cools Further With Fewer Starts, More Canceled Deals

[Reuters] U.S. housing starts near 1-1/2-year low; factory output rebounds

[CNBC] The U.S. supply chain is now facing two trade hurdles

[Reuters] U.S. Western states deadlocked on cutting Colorado River use

[Yahoo/Bloomberg] Ukraine Latest: Explosion Rocks Depot in Russian-Occupied Crimea

[Nikkei Asia] Toyota, Apple suppliers hit by China blackouts amid heat wave