Wednesday, August 21, 2024

Thursday's News Links

[Yahoo/Bloomberg] Global Stocks Are on the Brink of an All-Time High: Markets Wrap

[Yahoo/Bloomberg] Oil Holds Near January Lows as Global Demand Concerns Escalate

[Reuters] US jobless claims rise in latest week

[Reuters] What to look for at Fed's Jackson Hole symposium

[Yahoo/Bloomberg] Fed’s Schmid says he wants to see more data before rate cut

[Reuters] Canadian National Railways and Canadian Pacific lock out Teamsters union workers

[Yahoo/Bloomberg] Quantitative Tightening Goes Global for the First Time, in Test for Markets

[Reuters] Euro zone business activity gets boost from Olympics, PMI shows

[Yahoo/Bloomberg] China’s Slowing Economy Sparks Calls to Raise Deficit Ceiling

[Reuters] Bank of Korea signals rate cuts as inflation, growth slow

[CNBC] China’s ‘growing authoritarianism’ poses a global challenge, Taiwan’s President Lai warns

[Reuters] Putin accuses Ukraine of trying to strike Russia's Kursk nuclear power plant

[Bloomberg] US Convertible Issuance Tanks as Markets Swing, Rates Stay Uncertain

[NYT] Powell Faces Economic Crossroads as He Prepares to Speak at Jackson Hole

[WSJ] The Make-or-Break Moment That Will Determine the Economy’s Fate

[WSJ] Ukraine Encircles Russian Troops in Kursk and Digs In for Long Fight

[FT] US law firms offer staff $50,000 for referrals as talent wars rage

[FT] Hedge funds are consciously uncoupling from the Mag7

[FT] Israeli jets strike Lebanon in response to Hizbollah rocket barrage

Wednesday Evening Links

[Yahoo/Bloomberg] Stocks Up as September Fed Cut Seen as ‘Done Deal’: Markets Wrap

[Reuters] Gold prices hover near record high post US Fed minutes

[Yahoo/Bloomberg] Mexico Becomes Traders’ Nightmare as Peso Slide Deepens

[Yahoo/Bloomberg] Microsoft cuts first-quarter forecast for intelligent cloud revenue

[Yahoo/Bloomberg] Fed Minutes Show Several Saw Case for Cutting Rates in July

[Reuters] Fed steaming toward September rate cut, minutes from meeting show

[Reuters] Ukraine minister says Kursk attack aims to protect border area

[WSJ] Minutes Show Fed Officials Gearing Up for September Rate Cut

Wednesday Afternoon Links

[Reuters] S&P 500, Nasdaq edge up after payrolls revisions; Fed minutes in focus 

[Yahoo/Bloomberg] US Yields Fall as Jobs ‘Seal the Deal’ for Fed Cut: Markets Wrap

[Yahoo/Bloomberg] Mexican Peso Leads Emerging FX Loses After Delayed US Payrolls

[Reuters] US job growth in year through March was far lower than estimated

[The Hill] Blinken ends ninth Mideast trip without cease-fire agreement

[NBC] Iran warns wait for retaliation against Israel 'could be long'

[Reuters] Ukraine says it hits pontoon bridges in Kursk region with US-made rockets

[AP] Putin’s slow response to the Kursk attack could test the patience of some of his backers in Russia

[FT] Large oil tanker ablaze and drifting after Red Sea attack