Thursday, May 27, 2021

Friday's News Links

[Yahoo/Bloomberg] U.S. Stocks Rise; Treasuries Steady: Markets Wrap

[Yahoo/Bloomberg] Bitcoin Slumps as Traders Brace for a Volatile Long Weekend

[Reuters] Stocks push for record high on $6 trillion U.S. spending hopes

[CNBC] A key U.S. inflation gauge rose 3.1% year over year, higher than expected

[AP] US consumers boosted spending by a slight 0.5% in April

[Reuters] U.S. consumer sentiment declined in May

[Reuters] Summer's about to start in America. So is sticker shock

[Reuters] U.S. drivers to get hit by soaring pump prices over Memorial Day holiday

[Yahoo/Bloomberg] China’s Warnings Come in Thick and Fast to Curb Inflation, Yuan

[Yahoo/Bloomberg] Goldman Says China Has Lost the Ability to Boss Commodity Prices

[AP] Pandemic or no, CEO pay rises again. Typical package: $12.7M

[CNBC] Russian hackers launch major cyberattack through U.S. aid agency’s email system, Microsoft says

[Yahoo/Bloomberg] Is Gold Set to Tear Even Higher? Four Key Charts to Watch

[Reuters] Global money market funds see massive inflows in the week to May 26-Lipper

[Yahoo/Bloomberg] Turkey Central Bank Replaces Key Executives in Latest Clearout

[Bloomberg] Authers: Dollar May Be on Brink of Sustained Downtrend

[WSJ] Convertible-Bond Sales Are Soaring in 2021—Often at 0% Interest

[FT] The price of breakfast: soaring costs bolster fears of global food inflation

[FT] Archegos fallout hits market for blank-cheque companies

Thursday Evening Links

[CNBC] Dow futures gain more than 100 points as optimism over economic recovery grows

[Yahoo/Bloomberg] Asia Stocks Eye Gains on Growth Outlook; Yields Up: Markets Wrap

[AP] Social spending, business tax hike drive $6T Biden budget

[Yahoo/Bloomberg] Biden’s Budget Would Raise Annual Spending to $6 Trillion

[Yahoo/Bloomberg] Half a Trillion Dollars Is Sitting at the Fed Earning Nothing

[WSJ] The Texas Grid Came Close to an Even Bigger Disaster During February Freeze

[FT] Biden calls for higher wages as he warns of ‘bumps in the road’ to recovery

[FT] Meme stock revival captivates traders as US equities waver

[FT] US investors park cash at Fed as market wrestles with negative yields

Thursday Afternoon Links

[Yahoo/Bloomberg] Stocks Rise as Strong Data Rekindle Value Rotation: Markets Wrap

[Yahoo/Bloomberg] Oil Hits Highest in More Than Two Years as Demand Hope Grows

[Reuters] Wall Street ekes out gain as weekly jobless claims fall 

[Reuters] Dollar index slips in mix of gains, losses on major currencies

[CNBC] AMC Entertainment shares shoot up 35% as Reddit traders double down

[Reuters] Republicans up infrastructure offer to $928 billion, keeping talks alive

[CNBC] Fed’s Kaplan cites real estate excesses as one reason to start tapering purchases

[Yahoo/Bloomberg] Gold at BOE Commands High Premium, Signaling Central Bank Buying

[Yahoo/Bloomberg] Dollar Glut Drives Usage of Fed Reverse Repo Facility to Record