Wednesday, May 8, 2024

Thursday's News Links

[Yahoo/Bloomberg] Stocks, Bonds Slip as Traders Seek Fresh Impetus: Markets Wrap

[Yahoo/Bloomberg] Oil Ticks Higher as Traders Digest Mixed US Inventory Snapshot

[Yahoo/Bloomberg] Bitcoin’s Longest Losing Streak of 2024 Casts Cloud Over Crypto

[Yahoo/Bloomberg] Texas Spot Power Prices Jump Almost 100-Fold on Tight Supply

[Yahoo/Bloomberg] Bad Weather and War Are Straining the World’s Wheat Supply

[Reuters] Israeli forces mass on Rafah's outskirts as US warns a major assault could halt arms

[Reuters] Ukrainian drones strike Russian fuel depot, officials say

[CNBC] Weekly jobless claims jump to 231,000, the highest since August

[Reuters] US online retail spending up 7% Jan-April, driven by demand for cheaper products, report says

[Reuters] Too many tractors: As boom times fade, farm equipment piles up

[AP] Storms threaten the South as a week of deadly weather punches through the US

[Yahoo/Bloomberg] Top Bond Forecasters Diverge as Fed Keeps the Market in Limbo

[Reuters] BOJ will scrutinise weak yen in guiding monetary policy, says Ueda

[Yahoo/Bloomberg] BOJ’s Summary Hints at Hawkish Tilt With Yen Becoming Key Topic

[Reuters] BOJ board turned hawkish in April, many saw need for more rate hikes

[Yahoo/Bloomberg] Japan’s Reserves Tally Likely Too Early to Reflect Intervention

[Yahoo/Bloomberg] Hedge Funds Pile Into Option Bets Yen Will Weaken Back to 160

[Yahoo/Bloomberg] Asian Junk Bond Sales Are Hottest in Five Years on India Boom

[Reuters] China's exports and imports return to growth, signalling demand recovery

[Yahoo/Bloomberg] Country Garden to Miss Deadline on Guaranteed Bonds in First

[Reuters] Bank of England moves closer to first rate cut since 2020

[Reuters] US sends warship through Taiwan Strait ahead of presidential inauguration

[Bloomberg] Bezos, Zuckerberg Lead Magnificent Seven Insider Stock Sales

[Bloomberg] Mexico Consumer Prices Rise More Than Expected Ahead of Rate Decision

[WSJ] Buybacks Are Back: Corporate America Is on a Spending Spree

[WSJ] Platinum Market Faces Largest Shortfall in Supply For a Decade

[WSJ] Country Garden Misses Bond Payments, Says State Could Help

[FT] Emerging market junk bonds are top performers in sovereign debt markets

[FT] Vladimir Putin renews nuclear threats against west

Wednesday Evening Links

[Yahoo/Bloomberg] Bond Selloff Extends to Asia as Stocks Tread Water: Markets Wrap

[Yahoo/Bloomberg] Yen’s Fragility Raises Specter of a New Currency War in Asia

[Reuters] Hamas says it will not compromise further with Israel to win Gaza ceasefire

[Reuters] Israel, Hezbollah trade fire, Israeli minister warns of ‘hot summer’ at Lebanon border

[Reuters] Platinum set for biggest deficit in a decade in 2024, says Johnson Matthey

[Reuters] NY Fed's Perli offers guideposts to measure market liquidity levels

[Reuters] Summer power prices seen surging for Texas, falling in California

[Reuters] US confronts China over Volt Typhoon cyber espionage

[Reuters] Bill Hwang's Archegos: A timeline of the fund's spectacular $10 billion failure

[Yahoo/Bloomberg] Brazil Central Bank Slows Pace of Interest Rate Cuts With Quarter-Point Reduction

[Bloomberg] Billions in Phantom Debt Is Lurking In ‘Buy Now, Pay Later’ Services

Wednesday Afternoon Links

[Reuters] S&P 500 pauses after recent gains as investors assess rate path

[Reuters] Netanyahu weighs risks of Rafah assault as hostage dilemma divides Israelis

[Yahoo/Bloomberg] Fed’s Collins Says Reaching 2% Inflation Goal May Take Longer

[Yahoo/Bloomberg] Money Funds Start Shuffling Assets Ahead of SEC Rule Changes

[Yahoo/Bloomberg] Once-Loved EV Startups Teeter on Edge as Buyers Sour on Industry

[Yahoo Finance] US chip manufacturing capacity projected to triple by 2032, fueled by CHIPS Act: Industry leader

[Reuters] No reason to cut rates too fast, ECB's Holzmann tells Handelsblatt

[Reuters] US official says Chinese seizure of TSMC in Taiwan would be 'absolutely devastating'