Wednesday, May 12, 2021

Thursday's News Links

[Yahoo/Bloomberg] U.S. Stocks Gain After Jobless Claims, PPI: Markets Wrap

[Reuters] Europe flattened by snowballing global correction

[Yahoo/Bloomberg] Oil Falls as Inflation Hits Sentiment and Colonial Pipe Restarts

[Reuters] Dollar holds gains after inflation surprise; Aussie dollar extends losses

[Yahoo Finance] Bitcoin, Dogecoin sink after Elon Musk walks back Tesla's support for crypto transactions

[AP] April wholesale prices jump 0.6%, led by higher food costs

[AP] US unemployment claims drop to 473,000, a new pandemic low

[Dow Jones] Inflation Data Test Fed's Strategy and Outlook

[Yahoo/Bloomberg] Fed Lists Six Reasons in Arguing Inflation Surge Will Pass

[Yahoo Finance] Gas shortage could last 'weeks' despite Colonial Pipeline restart: expert

[Reuters] Analysis: What U.S. inflation signs would cause Fed to change course?

[Yahoo Finance] McDonald's is raising hourly wages for 36,5000 employees across the U.S.

[Reuters] Germany’s 2021 election and why it matters to markets

[Yahoo/Bloomberg] U.S. West Facing White-Knuckle Summer With Power in Short Supply

[Yahoo/Bloomberg] Chocolate’s About to Get More Expensive

[Bloomberg] Taiwan’s Stock Crash Deepens as Traders Unwind Leveraged Bets

[Bloomberg] China Property Stock’s Sudden Plunge on Spinoff Plan Spooks Bondholders

[NYT] Inflation Is Here. What Now?

[NYT] Jump in Consumer Prices Raises Stakes in Inflation Debate

[NYT] As Trillions Flow Out the Door, Stimulus Oversight Faces Challenges

[WSJ] Powell Gets His Inflation Wish

[WSJ] U.S. Ran Record $1.9 Trillion Budget Deficit in First Seven Months of Fiscal Year

[WSJ] Empty Lots, Angry Customers: Chip Crisis Throws Wrench into Car Business

[WSJ] SoftBank Pulls Back From Funding ‘Nasdaq Whale’

[FT] Investors brace for test of nerves as inflation worries mount

[FT] US-China tech war: Beijing’s secret chipmaking champions

[FT] How India’s Covid-19 crisis diminished Narendra Modi

Wednesday Evening Links

[CNBC] Colonial Pipeline restarts after hack, but supply chain won’t return to normal for a few days

[AP] Stocks sink again on Wall Street as inflation worries mount

[Reuters] Republicans tell Biden tax hikes are a 'red line' in recovery plan

[Yahoo Finance] US budget deficit hits record $1.9 trillion so far this year

[Reuters] U.S. April budget deficit narrows as revenues rise, outlays fall - Treasury

[AP] Rising commodities costs hit Americans at home and on road

[AP] As chip shortage goes on, cars are scarce and prices are up

[CNBC] Elon Musk says Tesla will stop accepting bitcoin for car purchases, citing environmental concerns

Wednesday Afternoon Links

[Yahoo/Bloomberg] Stocks Drop the Most Since February; Yields Jump: Markets Wrap

[Reuters] Inflation woes spook US stocks; USD, Treasury yields jump

[Yahoo/Bloomberg] Fed’s Clarida Plays Down Significance of Rising Inflation

[AP] Explainer: Why are fears of high inflation getting worse?

[Yahoo/Bloomberg] Options Traders Pile Into Leveraged Bet Against Chip Stocks

[Yahoo Finance] Federal Reserve unmoved by single data points as inflation tilts higher

[Reuters] Panicked drivers in Southeast U.S. swarm pumps, ignore pleas to stop hoarding

[Bloomberg] U.S. Pipeline Watchdog Has 6 Staff, No Cybersecurity Regulations

[Bloomberg] Biggest Credit ETF Sees Shorts Soar

[Bloomberg] U.S. Households Borrow More Than Ever, Just Not on Credit Cards

[Bloomberg] Record Surge in Used-Car Prices Is Key Culprit in Inflation Jump