Tuesday, May 4, 2021

Wednesday's News Links

[Yahoo/Bloomberg] Tech Leads Rebound in U.S. Stocks; Oil Advances: Markets Wrap

[Yahoo/Bloomberg] Oil Extends Rally With Brent Nearing $70 After Stockpiles Drop

[Reuters] Metals - Copper hits 10-year high, eyes record levels on demand hopes

[Reuters] Meme-based cryptocurrency Dogecoin soars 40% to all-time high

[Reuters] U.S. private payrolls increase solidly in April - ADP

[Dow Jones] U.S. Services Sector Activity Grew Solidly in April — ISM

[CNBC] Weekly mortgage demand stalls as rates rise and fierce competition hurts home sales

[Yahoo/Bloomberg] Inflation Risk Intensifies With Supply Shortages Multiplying

[Reuters] NY Fed's Williams says central bank’s bond buying doesn’t appear to be creating imbalances in financial sector: WSJ

[Yahoo/Bloomberg] Biden’s Fed Choices Add Uncertainty for Inflation-Wary Investors

[Yahoo/Bloomberg] Iron Ore’s Blistering Rally Sets Sights on $200 as Steel Booms

[Yahoo/Bloomberg] Crypto Mania Sends Doge Soaring, Crashes Robinhood Token Trading

[CNBC] U.S. birth and fertility rates in 2020 dropped to another record low, CDC says

[Yahoo/Bloomberg] Brazil Plows Ahead With Interest Rate Hikes: Decision Day Guide

[Yahoo/Bloomberg] UBS’s Weber Apologizes for Archegos Loss, Urges Transparency

[Bloomberg] Chicago Says Goodbye to CME’s Last Commodity Trading Pits

[Bloomberg] RBNZ Prepared to Tighten Lending Further as House Prices Soar

[WSJ] Yellen Says She Isn’t Predicting Higher Interest Rates

[WSJ] Everything Screams Inflation

[WSJ] Banks in Archegos Aftermath Tighten Credit Lines, Scrutinize Swaps

[WSJ] Resilient Services Sector Points to Global Economic Pickup, Despite Covid-19 Flare-Ups

Tuesday Evening Links

[CNBC] Stock futures are flat after sell-off in growth and tech

[Yahoo/Bloomberg] Tech Selloff Sweeps Across Stocks; Dollar Climbs: Markets Wrap

[Reuters] Nasdaq plunges more than 2% as investors dump growth stocks

[Yahoo/Bloomberg] Commodities Jump to Highest Since 2011 on Rebound From Virus

[Yahoo/Bloomberg] Corn Tops $7 a Bushel for First Time Since 2013 on Supply Worry

[Yahoo/Bloomberg] Yellen Clarifies Inflation Remark, Sees No Need for Fed to Hike

[Reuters] Yellen says she sees no inflation problem after rate hike comments roil Wall Street

[Yahoo Finance] Yellen: Higher interest rates may be needed to prevent economy from 'overheating'

[Yahoo Finance] Soaring lumber prices creates a boom in the U.S. housing market

[AP] America’s new normal: A degree hotter than two decades ago

[FT] Yellen says rates may have to rise to prevent ‘overheating’