Wednesday, August 12, 2020

Thursday's News Links

[Reuters] Wall Street set to edge up as weekly jobless claims drop

[Yahoo/Bloomberg] Gold Advances After Wild Swings as Investors Weigh Next Steps

[CNBC] U.S. weekly jobless claims fell to 963,000, first time below 1 million since mid-March

[Yahoo/Bloomberg] A $2 Trillion Credit Boom Leaves America’s Smaller Firms Behind

[CNBC] Coronavirus live updates: U.S. records over 1,500 new deaths, for the deadliest day since May

[Reuters] In China, fears of financial Iron Curtain as U.S. tensions rise

[Reuters] China's banking sector expected to dispose $490 billion of bad loans in 2020: Xinhua

[Reuters] China's July air passenger numbers fall 34.1% year-on-year: regulator

[CNBC] Latin America will see ‘record-breaking contraction’ as the coronavirus shatters their economies, Goldman says

[Reuters] Taiwan to boost defence spending 10% in face of China pressure

[Bloomberg] Manhattan Apartment Rents Plunge 10% in Pandemic-Fueled Exodus

[Bloomberg] Turkey Boosts Funding Costs to Avoid Outright Rate Hikes

[Bloomberg] Modi’s Key Ministers Hit by Coronavirus as Pandemic Grips India

[WSJ] Most U.S. Cities Expect Next Fiscal Year to Get Worse, Survey Finds

[FT] Can Spacs shake off their bad reputation?

[FT] China holds military exercises near Taiwan in warning to US 

[FT] France stokes Turkey tensions by sending military craft to waters off Cyprus

Wednesday Evening Links

[Reuters] S&P 500 finishes within points of record high close

[CNBC] Stock futures hold steady after S&P 500 closes just under a record

[Reuters] Trump calls Democratic demands 'ridiculous' as blame traded over virus aid stalemate

[CNBC] Coronavirus live updates: Pandemic relief negotiations at a standstill; U.S. case numbers warped by data gaps

[CNBC] Accuracy of U.S. coronavirus data thrown into question as decline in testing skews drop in new cases

[AP] How can Wall Street be so healthy when Main Street isn’t?

[Reuters] Analysis - China's debt collectors flourish as consumers flounder in a COVID-hit economy

[Reuters] Special Report: Last doctor standing - Pandemic pushes Indian hospital to brink

Wednesday Afternoon Links

[Reuters] Tech stocks boost S&P 500 closer to record high

[Reuters] Gold fights back after steep decline as slowdown fears persist

[Reuters] White House, Democrats show no sign of budging on U.S. coronavirus aid

[Reuters] U.S. July deficit falls to $63 billion on delayed tax payments

[Reuters] Economic clout makes China tougher challenge for U.S. than Soviet Union was - Pompeo

[Reuters] U.S. health chief, visiting Taiwan, attacks China's pandemic response

[Yahoo/Bloomberg] Wall Street Fears This Stock Rotation Is Another False Dawn

[Yahoo/Bloomberg] Morgan Stanley Wealth Sees Risks in Credit on U.S. Stimulus Woes

[Bloomberg] Small Businesses Are Dying by the Thousands — And No One Is Tracking the Carnage

[FT] Coronavirus makes for a brutal quarter for smaller US companies

[FT] UK economy suffers worst slump in Europe in second quarter