Wednesday, August 26, 2020

Thursday's News Links

[CNBC] Dow rises by 200 points as Fed announces new inflation approach that could keep rates low

[Reuters] Rouble slides again as Putin says Belarus asked for help

[CNBC] Powell announces new Fed approach to inflation that could keep rates lower for longer

[Reuters] Fed to target 2% average inflation, elevates focus on jobs

[CNBC] U.S. weekly jobless claims total 1 million, as expected

[CNBC] Hurricane Laura batters southwest Louisiana, weakens to Category 2 after 'catastrophic' landfall

[Yahoo/Bloomberg] China Cash Shortages Push Up Funding Costs, Pressuring Bonds

[Reuters] China's industrial profits grow at fastest pace since mid-2018

[Reuters] Running on empty? Emerging markets burn through reserves fighting virus

[Reuters] Euro zone corporate lending hovers near 11-year high

[Reuters] Taiwan warns of accidental conflict as regional tensions rise

[Bloomberg] A Warning Flashes for Record U.S. Stock Rally

[Bloomberg] China’s Missiles Warn U.S. Aircraft Carriers to Stay Away

[NYT] Turkey Braces for Yet Another Currency Crisis

[WSJ] Fed Unanimously Approves Shift on Inflation Goal, Ushering in Longer Era of Low Rates

[FT] Is this the end for America’s mom-and-pop stores?

[FT] Chinese military drill ratchets up tension with Washington

[FT] Russia ready to deploy police in Belarus if situation worsens

[FT] Brazil’s and Mexico’s presidents are both ‘wrecking balls’

[FT] Brazil’s spending cap debate unnerves investors

Wednesday Evening Links

[Reuters] Wall Street closes higher as momentum stocks push S&P 500, Nasdaq to new highs

[MarketWatch] Gold and silver futures finish at highest in a week

[CNBC] Laura upgraded to Category 4 hurricane, ‘unsurvivable’ storm surge forecast for Texas-Louisiana

[Reuters] Republicans set to propose smaller coronavirus stimulus bill: CNBC

[CNBC] Coronavirus live updates: CDC proposes guidelines for distributing vaccine in the U.S.; WHO on the possibility of reinfection

[CNBC] California reports 50 new wildfires overnight and 1.3 million acres burned so far, Gov. Newsom says

[Reuters] Mexico slumps to 'Great Depression' economic lows, central bank slashes forecast\

[Bloomberg] Heart of America’s Petrochemical Boom Braces for ‘Night of Hell’

[Bloomberg] U.S. Commercial-Property Prices Fall With Worst Yet to Come

[FT] Investors await next move from central banks

[FT] Erdogan warns Turkey will ‘never make concessions’ in eastern Mediterranean

Wednesday Afternoon Links

[Reuters] Technology stocks power S&P 500, Nasdaq to new highs 

[Reuters] U.S. targets Chinese individuals, firms amid South China Sea dispute

[] Hurricane Laura Strengthens Into a Category 4; Catastrophic Strike Ahead Near Louisiana and Texas Border

[Reuters] Stronger Hurricane Laura aims at heart of U.S. oil refining industry

[Reuters] U.S. marks 100 years since women given right to vote

[SCMP] Chinese military fires ‘aircraft-carrier killer’ missile into South China Sea in ‘warning to the United States’

[Reuters] U.S. troops injured in interaction with Russian forces in Syria, U.S. officials say

[Bloomberg] Laura Threatens U.S. Gulf Coast With ‘Unsurvivable’ Storm Surge

[Bloomberg] Investors Hoard Gold, Bitcoin and Whisky to Soothe Inflation Fear

[WSJ] Mission Creep at the Fed