Tuesday, April 23, 2024

Wednesday's News Links

[Yahoo/Bloomberg] Tech Rally Keeps Stocks Afloat Amid Mixed Earnings: Markets Wrap

[AP] Senate overwhelmingly passes aid for Ukraine, Israel and Taiwan with big bipartisan vote

[Yahoo/Bloomberg] US 30-Year Mortgage Rate Rises to Five-Month High of 7.24%

[CNBC] Mortgage demand drops as interest rates soar over 7%

[Dow Jones] Durable-goods orders get boost from autos and planes, but most manufacturers tread water

[AP] Surging auto insurance rates squeeze drivers, fuel inflation

[Yahoo/Bloomberg] Florida’s Home Insurance Industry May Be Worse Than Anyone Realizes

[Yahoo/Bloomberg] Bank Indonesia Surprises With Rate Hike, Expects Rupiah Gain

[Reuters] Australia Q1 inflation slowdown disappoints, rate cut bets gone

[CNBC] China may have to brace for a new wave of bond defaults, S&P says

[NA] China's Gen Z turns frugal as economy doubts linger

[Reuters] ECB's June rate cut not necessarily followed by others, Nagel says

[Yahoo/Bloomberg] German Business Outlook Hits One-Year High as Economy Heals

[Yahoo/Bloomberg] French Grid Issues Are Causing Power Prices to Soar in Europe

[Yahoo/Bloomberg] Blinken Lands in China For Tense Talks as US Sanctions Loom

[Reuters] Israel gears up for Rafah civilian evacuation ahead of promised assault

[Reuters] Ukrainian drones struck two Rosneft oil depots in attack, Kyiv source says

[Reuters] Taiwan happy with US aid package, China objects to arms sales

[Bloomberg] Yen Weakens Past Key 155 Level, Adding to Intervention Risk

[Bloomberg] Cocoa Price Swings Are the Craziest Since the 1970s

[WSJ] Asian Central Banks Face Policy Dilemma From Fed Rate-Cut Delay, FX Crunch

[WSJ] The Folly of China’s Real-Estate Boom Was Easy to See, but No One Wanted to Stop It

[WSJ] China’s EV Price War Is Just Getting Started

[FT] Jamie Dimon cautions over soft landing for ‘unbelievable’ US economy

Tuesday Evening Links

[CNBC] S&P 500 futures rise after earnings lift the index to a second winning day: Live updates

[Yahoo/Bloomberg] Oil Rises as Risk-On Mood Counters Waning Geopolitical Concerns

[Yahoo/Bloomberg] Traders Add Bets That Fed Will Skip Interest-Rate Cuts This Year

[NYT] ‘It Is Desolate’: China’s Glut of Unused Car Factories

[WSJ] U.S. Takes Aim at Chinese Banks Aiding Russia War Effort

[FT] Chinese speculators super-charge gold rally

[FT] The China-Russia trade friendship may not be quite what you think

[FT] Russia threatens to step up attacks on western weapons in Ukraine

Tuesday Afternoon Links

[Reuters] Wall St rallies on bright earnings, megacaps' support

[Reuters] Oil rises as dollar slips, focus shifts to economic data

[Yahoo/Bloomberg] New US Home Sales Jump to Highest Level Since September

[Reuters] US new home sales rebound to six-month high; rising mortgage rates a concern

[Reuters] AI boom to fuel natural gas demand in coming years, report says

[Yahoo Finance] Jamie Dimon is worried the US economy is headed back to the 1970s

[Yahoo Finance] US has 'structural shortage' of millions of homes, PulteGroup CEO says