Wednesday, May 4, 2022

Wednesday's News Links

[Reuters] EU targets Russian oil, banks as Moscow's ally Belarus stages army drills

[Yahoo/Bloomberg] Ukraine Latest: EU Plans Oil Ban as Putin Seeks to Cement Gains

[Reuters] Russia warns NATO: transport carrying weapons in Ukraine is a 'target'

[Reuters] EU proposes Russian oil ban to make Putin 'pay high price' for Ukraine

[Reuters] Russian strikes pound Ukraine on eve of new EU sanctions

[Yahoo/Bloomberg] Bonds Drop, Stocks Rise as Fed Hike Looms: Markets Wrap

[Yahoo/Bloomberg] Oil Rallies as EU Proposes Phasing Out Russian Supply This Year

[Yahoo/Bloomberg] U.S. Trade Deficit Swells to Record as Goods Imports Surge

[Yahoo Finance] Private payrolls rose by 247,000 in April, missing expectations

[CNBC] Weekly mortgage demand rose for the first time since early March last week, but it won’t last

[Yahoo/Bloomberg] Steak Prices Will Keep Rising, Major U.S. Meatpacker Says

[Reuters] China's PBOC pledges policy support to counter pandemic woes

[Reuters] Beijing steps up COVID curbs as virus spreads in China

[Yahoo/Bloomberg] Junk Bond Exit Quickens, Property Stocks Fall: Evergrande Update

[Yahoo/Bloomberg] China’s Big Pledges Set to Test Covid-Weary Markets in Reopening

[Yahoo/Bloomberg] Toronto Home Prices Drop Most in Two Years as Rates Slam Market

[Yahoo/Bloomberg] Russian Oil Embargo Risks More Inflation Trouble for Europe

[Yahoo/Bloomberg] U.K. Companies’ Borrowing Costs Surge Past Covid-19 Pandemic Peak

[MSN/NYT] Sensing a Stalled Russia, West Adds Support and Arms for Ukraine

[Reuters] U.S. takes unprecedented steps to replenish Colorado River's Lake Powell

[Yahoo/Bloomberg] Tech Leads Stock Losses as Yields Climb Before Fed: Markets Wrap

[Yahoo/Bloomberg] India Mulls Wheat Export Curbs in Latest Food Supply Squeeze

[Bloomberg] U.S. Services Growth Eases on Softer Employment, New Orders

[Bloomberg] Shanghai Lockdown Exit Delayed by Stubborn Community Spread

[WSJ] Shanghai Lockdown Reignites Supply-Chain Problems for U.S. Companies

[WSJ] Why Surging Natural-Gas Prices Haven’t Sparked a Drilling Boom

[FT] Fed expected to deploy first half-point interest rate rise since 2000

[FT] Distressed debt levels double in US corporate bond market

[FT] Sharp fall in retail sales adds to eurozone economic gloom

[FT] ECB policy tightening sends eurozone borrowing costs soaring

[FT] A Minsky moment for venture capital?

[FT] China lockdowns erode multinationals’ revenues

[FT] Tiger is suffering one of the biggest hedge fund drawdowns in history

[FT] India expands coal mining to beat power crunch as heatwave blazes