Thursday, August 1, 2024

Friday's News Links

[Yahoo/Bloomberg] Stock Rout Deepens as Intel Sinks 20%: Markets Wrap

[CNBC] Intel shares plunge 22.6% in premarket trading, Nvidia down 4.4% as global chip stocks fall

[Yahoo/Bloomberg] Asian Stocks Slump Most Since 2021 as Japan Selloff Deepens

[Yahoo/Bloomberg] Japan Stocks Tumble in Biggest Two-Day Rout Since 2011 Tsunami

[Reuters] Fears for US economy drive tech-led global stock slump

[Yahoo/Bloomberg] Oil Slides Below $75 as Demand Woes Offset Middle East Risk

[Reuters] Europe's banks see biggest weekly selloff since March 2023

[CNBC] Job growth totals 114,000 in July, much less than expected, as unemployment rate rises to 4.3%

[Reuters] Morning Bid: Rethinking recession risks and AI, markets take fright

[Yahoo Finance] Big Tech's AI spend is becoming too big to fail: Morning Brief

[Yahoo/Bloomberg] PBOC Adviser Issues Rare Criticism of China’s Economic Policies

[Reuters] China needs more than 'incremental' consumer stimulus longer term

[Reuters] China's stuttering recovery darkens global corporate growth outlook

[NYT] Hard Landing Concerns Jolt Global Markets

[FT] Chinese yields hit record lows as investors defy central bank warnings

[FT] US redeploying forces to protect Israel from Iran retaliation, Biden says

Thursday Evening Links

[Yahoo/Bloomberg] Stocks Sink Before Jobs as Tech Hit on Earnings: Markets Wrap

[Reuters] Stocks slump in August kick-off as data reignites slowdown worries

[Reuters] Chip index collapses 7% as Arm punctures AI optimism

[Reuters] Wall Street 'fear gauge' jumps to three-month high as stocks resume slide

[Reuters] Intel to cut 15% jobs, suspend dividend in turnaround push; shares plummet

[NYT] Hezbollah Leader Threatens Retaliation Against Israel, Saying Conflict Is in ‘New Phase’

[FT] Finance should pay much more attention to undersea cables risk

[FT] Hizbollah chief says Beirut killing takes battle with Israel to ‘new phase’

Thursday Afternoon Links

[Yahoo/Bloomberg] Stocks Sink as Economic Jitters Fuel Rush to Bonds: Markets Wrap

[Reuters] Wall Street retreats on slowdown fears; Dow, small-caps slide

[Yahoo/Bloomberg] Bond Traders Are Fully Pricing In Three Fed Rate Cuts This Year

[Reuters] US manufacturing gauge drops to eight-month low

[AP] Freddie Mac says average rate on a 30-year mortgage fell to 6.73% this week to lowest level since early February

[Yahoo/Bloomberg] Bond ETFs Amass Record $39 Billion in July in Big Rate-Cut Bet

[Reuters] Central banks are turning the ship, but their path is unclear

[Reuters] Americans Gershkovich and Whelan included in big Russia-West prisoner swap

[Reuters] Colorado wildfire blamed for one death as California blaze expands

[AP] Hezbollah leader says war with Israel has entered ‘new phase’ after killings of top militant figures

Thursday's News Links

[Yahoo/Bloomberg] Stocks Advance as Nvidia Adds to Gains: Markets Wrap

[Yahoo/Bloomberg] Japan’s Stocks Tumble Most Since 2020 as Exporters Fall on Yen

[Reuters] Morning Bid: Fed nods to cut, chips rebound, BoE up next

[AP] The number of Americans filing for jobless claims hits highest level in a year

[Reuters] US worker productivity accelerates in second quarter; labor costs tame

[Yahoo/Bloomberg] BOE Cuts Rates in 5-4 Vote and Offers No Timing on Next Move

[Reuters] Bank of England cuts rates from 16-year high, 'careful' on future moves

[Reuters] Iran, its proxies will meet to discuss retaliation against Israel, say sources

[Reuters] Killing Hezbollah commander in Beirut was biggest loss for group since 2008

[Reuters] Chinese factories poised for 'cruel summer' as PMI surveys raise outlook risks

[Axios] Heat wave builds from coast to coast, worsening wildfires

[WSJ] September Rate Cut Would Thrust Fed Into Brutal Election Campaign

[WSJ] After Years of Raising Prices, Food Companies Hit Consumers’ Limits

[WSJ] China’s Home Sales Slump Again, Signaling Crisis Not Over Yet

[FT] Number of US households that own mutual funds jumps

[FT] Wildfire intensity rises across northern hemisphere