Monday, August 23, 2021

Tuesday's News Links

[Yahoo/Bloomberg] Stock Rally Loses Steam as Virus Concerns Weigh: Markets Wrap

[Reuters] Asian stocks cling to gains as Fed taper worries ease

[Yahoo/Bloomberg] China Tech Stocks Rebound as Cathie Wood Joins Bargain Hunters

[Reuters] Gold steadies above $1,800/oz on Fed taper doubts

[AP] Moderates bring House to standstill in Biden budget clash

[Reuters] U.S. new home sales rebound modestly in July; prices surge

[Yahoo/Bloomberg] Powell’s Charm Offensive in Congress Positions Him to Keep Job

[Yahoo/Bloomberg] Fed’s Ability to Set Rates Floor Is Weakening on Cash Deluge

[Yahoo/Bloomberg] China’s Central Bank Vows to Boost Credit Support, Stabilize Money Growth

[Reuters] Moody's downgrades China Huarong over $16 billion loss

[Reuters] G7 to meet on Afghanistan deadline, Taliban recognition

[CNBC] Three ways the victory of the Taliban might reverberate around the world

[Yahoo/Bloomberg] China Eyes $1 Trillion of Minerals With Risky Bet on Taliban

[Yahoo/Bloomberg] Harris Blasts China, Says U.S. Won’t Push Asia to Pick Sides

[Bloomberg] Fed Decries a Wealth Gap It Helps Perpetuate

[Bloomberg] Hedge Funds Are Hot Again. Good Luck Finding One That’ll Take Your Money

[Bloomberg] Korea Household Debt Posts Record Gain as Rate Hike Nears

[WSJ] Fed Chairman Powell Navigates the Inflation Debate

[WSJ] U.S. Crops Wither Under Scorching Heat

[FT] China’s courts take centre stage as defaults shake $17tn bond market

[FT] Supply chain woes leave companies struggling to cope

[FT] Scientists warn of increased frequency of extreme weather events

Monday Evening Links

[CNBC] Stock futures inch higher after a broad rally on Wall Street amid vaccine approval

[Yahoo/Bloomberg] Stocks Gain on Vaccine Boost; Dollar Holds Drop: Markets Wrap

[Reuters] Fed's Jackson Hole shift shows Delta variant's ability to skew plans

[CNBC] Somebody just paid $1.3 million for a picture of a rock

[Yahoo Finance] Fed tapering bond purchases could pressure stock market: Jeffrey Gundlach

Monday Afternoon Links

[Yahoo/Bloomberg] Stocks Hit Record Amid Recovery Bets, FDA Approval: Markets Wrap 

[Reuters] Gold rises above $1,800 as dollar dips on doubts Fed will taper soon

[Yahoo/Bloomberg] Oil Jumps With Stocks After Worst Losing Streak Since 2019

[AP] Budget clash pits moderate Democrats against Biden, Pelosi

[Dow Jones] U.S. Economic Recovery Lost Momentum in August Dragged by Services Slowdown

[Reuters] Delta variant, supply woes crimp business activity in August -IHS Markit survey

[CNN] The Southwest’s most important river is drying up

[Reuters] IMF's $650 billion reserves distribution is 'shot in arm' for global economy - Georgieva

[Yahoo/Bloomberg] U.S. Talking to Taliban Several Times a Day: Afghanistan Update

[Bloomberg] Dry Bulk Shipping Rates Are Soaring and the Rally Looks Set