Thursday, May 20, 2021

Friday's News Links

[Yahoo/Bloomberg] U.S. Stocks Rise on Optimism Over Economy: Markets Wrap

[Yahoo/Bloomberg] China Hammers Bitcoin Anew With Warning on Miner Crackdown

[Yahoo/Bloomberg] Gold Heads for Third Weekly Gain on Inflation Concerns

[Reuters] Dollar heads for weekly loss as traders shrug off taper talk

[Dow Jones] U.S. Business Activity Growth Climbs to New Record-High in May — IHS Markit

[CNBC] April existing home sales drop, marking three straight months of declines

[AP] White House, GOP infrastructure talks reaching key stage

[Reuters] Analysis: How the post-pandemic labor crunch is curbing U.S. manufacturing

[Yahoo/Bloomberg] Bitcoin’s Claim of Rivaling Gold as Portfolio Hedge Loses Luster

[CNBC] Off-the-grid homes are coming to your neighborhood, as climate change creates suburban survivalists

[Yahoo/Bloomberg] Huarong Default Bets Widen Gulf Between Short and Long Bonds

[Yahoo/Bloomberg] China Should Let Yuan Gain to Offset Price Surge: PBOC Official

[Reuters] Iran uses crypto mining to lessen impact of sanctions, study finds

[Bloomberg] Huarong’s Bond Selloff Spills Into Domestic Market: China Credit

[Bloomberg] Frenzy for Raw Materials Reorders the $6.3 Trillion ETF Market

[Bloomberg] ECB’s Lagarde Signals No Major Policy Shift at Next Meeting

[NYT] Soaring Prices Herald Boom Time for Steel Makers

[WSJ] What Commodities Prices Are Saying About Inflation

[WSJ] SPACs Bolster the U.S.’s Global Lead in IPOs

[WSJ] Food Supply Chains Are Stretched as Americans Head Back to Restaurants

[WSJ] Drought Imperils Economy in California’s Farm Country

[WSJ] Bitcoin Miners Are Giving New Life to Old Fossil-Fuel Power Plants

[FT] Bitcoin ETFs issued ‘market disruption’ warnings during crypto tumult

[FT] Pipeline ransom attack exposes risk of digitising US infrastructure

Thursday Evening Links

[Yahoo/Bloomberg] Asia Stocks to Track U.S. Rise on Economic Outlook: Markets Wrap 

[CNBC] U.S. proposes global minimum corporate tax rate of 15%, with an eye on something even higher

[Reuters] U.S. regulators signal stronger risk, tax oversight for cryptocurrencies

[Reuters] U.S. Commerce chief holding meetings on chips shortage - sources

[Yahoo/Bloomberg] China’s Scrutiny of Shadow Debt Bites Developers Like Evergrande

[Bloomberg] Fed’s Kaplan Says ‘Gently’ Scaling Back Fed Support May Be Wise

[FT] Bitcoin flash crash amplified by leverage and ‘systemic issues’

Thursday Afternoon Links

[Yahoo/Bloomberg] Techs Lead U.S. Equity Rebound After Jobs Report: Markets Wrap

[Yahoo/Bloomberg] Gold Rises Near Four-Month High as Bond Yields, Dollar Decline

[Yahoo/Bloomberg] Bitcoin Pares Gains as Treasury Seeks to Toughen Tax Compliance

[Yahoo Finance] Treasury calls for doubling IRS staff to target tax evasion, crypto transfers 

[Reuters] U.S. banks ready to start limiting balance sheet growth - Fed survey

[Yahoo/Bloomberg] It’s Not Just Shoppers Riled by Pricey Beef. Ranchers Seethe Too

[Yahoo/Bloomberg] Bank of Canada Warns Home Buyers Rates Will Eventually Rise

[AP] Putin to would-be aggressors: ‘Will knock their teeth out’