Wednesday, January 4, 2023

Thursday's News Links

[Yahoo/Bloomberg] US Stocks Drop With Treasuries on ADP Data: Markets Wrap

[Yahoo/Bloomberg] Oil Claws Back Some Losses After Slump as Demand Concerns Linger

[Yahoo/Bloomberg] Egypt’s Devaluation Ushers In Volatility as Pound Plumbs New Low

[CNBC] Private payroll growth surged by 235,000 in December, well above estimate, ADP reports

[Reuters] Heavy discounts drive record U.S. online holiday spending, report says

[Reuters] Amazon CEO says job cuts to exceed 18,000 roles

[Reuters] Tech firms lead companies with most December job cuts, report says

[Reuters] Silvergate Capital shares sink as crypto-related deposits plunge

[Yahoo/Bloomberg] Soaked California Faces Another Deluge Driven by Bomb Cyclone

[Reuters] BOJ to raise forecasts for key inflation gauge - sources

[AP] Beds run out at Beijing hospital as COVID-19 spreads

[Yahoo/Bloomberg] PBOC Plans Targeted Stimulus as China Focuses on Price Risks

[Yahoo/Bloomberg] China’s Ambitions for Dedollarization Take Another Step Forward

[Yahoo/Bloomberg] World Says Goodbye to Negative-Yielding Debt as BOJ Shift Bites

[Yahoo/Bloomberg] Tax Havens Obscured at Least $1.4 Trillion of Foreign Investment in China

[Bloomberg] Hedge Funds Gave Startups Billions. What Are They Worth?

[Bloomberg] Funding for Latin America’s Unicorns Vanishes as Venture Capital Pulls Back

[Bloomberg] Chinese Builder Defaults on Bonds Despite State Help for Sector

[WSJ] U.S. Auto Sales in 2022 Worst in Over a Decade

[WSJ] Corporate Insiders Aren’t Betting on a Market Rebound

[FT] Negative-yielding debt wiped out by Japan central bank’s policy shift

[FT] How serious is the threat of new Covid-19 variants?