Wednesday, May 11, 2022

Thursday's News Links

[Yahoo/Bloomberg] Stocks Drop, Dollar Gains After PPI Report: Markets Wrap

[Reuters] Stocks in tailspin, dollar soars as hard landing fears mount

[Yahoo/Bloomberg] Bonds, Haven Currencies Rally as Growth Risks Haunt Markets

[Yahoo/Bloomberg] Oil Resumes Decline as Market Grapples With Tumultuous Trading 

[Yahoo/Bloomberg] Biggest Stablecoin Loses Dollar Peg as Crypto Anxiety Spreads

[Reuters] Crypto meltdown deepens as stablecoin Tether drops below dollar peg

[Yahoo/Bloomberg] Europe Gas Surges 22% as Germany Clashes With Russia Over Supply

[CNBC] More than $200 billion erased from entire crypto market in a day as sell-off intensifies

[Yahoo/Bloomberg] Hong Kong Intervenes to Defend Dollar for First Time Since 2019

[CNBC] Wholesale inflation rose 11% in April as producer prices keep accelerating

[Yahoo/Bloomberg] Ukraine Latest: US Looks at Sending New, Tank-Busting Drones

[Reuters] COVID claims 1 million U.S. lives

[Yahoo/Bloomberg] PBOC Says It’s Making Stabilizing Growth a Higher Priority

[Yahoo/Bloomberg] Major China Developer Sunac Misses Payment as Crisis Spreads

[Yahoo/Bloomberg] More Defaults Seen Following Sunac’s Failure: Evergrande Update

[Yahoo/Bloomberg] China Denies Beijing to Lock Down as Residents Rush to Buy Food

[Reuters] At mercy of zealous residential committees, Shanghai's locked-down vent frustration

[Washington Examiner] Rumors swirl that China’s Xi Jinping will step down amid harsh COVID lockdowns

[Reuters] Russia vows response as Finland seeks NATO membership without delay

[Fox] Medvedev: NATO's involvement in Russia-Ukraine conflict brings risk of 'full-fledged nuclear war'

[Reuters] Japan PM Kishida confirms further cooperation with EU to deal with Russia

[AP] North Korea confirms 1st COVID outbreak, Kim orders lockdown

[Reuters] Creaky U.S. power grid threatens progress on renewables, EVs

[Yahoo/Bloomberg] Schroders, BlackRock, Pimco Face Losses as Adler’s Troubles Grow

[Bloomberg] US Budget Deficit Shrinks $1.6 Trillion on Record Tax Surge

[Bloomberg] Two Shanghai Community Cases Reset Timeline for Lockdown End

[WSJ] Natural-Gas Prices Soar in Europe After Russia Sanctions Energy Companies

[WSJ] China’s Economic Slowdown Is Rippling All Around the World

[WSJ] Chinese Dollar-Bond Defaults Mount as Another Large Developer Fails to Pay

[FT] Can Xi Jinping vanquish Covid without crushing China’s economy?

[FT] European corporate bonds hit by steepest sell-off in at least 20 years

Wednesday Evening Links

[Yahoo/Bloomberg] Cryptocurrencies Crater as Terra Collapse Triggers DeFi Exodus

[Reuters] Nasdaq falls more than 3% as U.S. inflation data gives little relief to investors

[Reuters] Oil up more than 5%, as Russia-EU energy quarrel intensifies

[Reuters] Bullard: April inflation 'hot' but does not see 75 bp Fed rate increase 'for now'

[Yahoo/Bloomberg] Citadel Securities, BlackRock Deny Involvement in Terra Fall

[Yahoo/Bloomberg] Ukraine Latest: Austin Says Putin Doesn’t Want to Take On NATO

[ABC] COVID-19 hospital admissions, deaths expected to keep climbing in US

[Bloomberg] NYC Billionaire Catsimatidis Warns of Looming East Coast Diesel Rationing

[WSJ] Cryptocurrency TerraUSD Plunges as Investors Bail

[WSJ] Farmers Are Racing Against Poor Weather to Plant Crops

[FT] The sun starts to set on Wild West days of crypto

Wednesday Afternoon Links

[Yahoo Finance] Crypto: LUNA plunges as UST stablecoin saga deepens

[Yahoo/Bloomberg] Stocks Push Lower as Technology Selloff Deepens: Markets Wrap

[Reuters] Oil jumps as Russia gas flow to Europe falls, EU Russian oil ban looms

[Yahoo/Bloomberg] What Peak? US Inflation Data Show Still-Torrid Price Pressures

[Yahoo/Bloomberg] Fed Officials Dig In Against Critics, Unite Behind Powell Plan

[CNBC] Adjustable-rate mortgage demand surges to 14-year high, as homebuyers try to afford this pricey spring market

[AP] Ukraine shuts off Russian pipeline amid talk of annexation

[Yahoo/Bloomberg] Ukraine Latest: UN Tallies Jobs Lost; Russia Hosts US Ambassador

[Yahoo/Bloomberg] ECB Officials Increasingly See Rate Exceeding Zero This Year

[Yahoo/Bloomberg] Brazil’s Inflation Hits Highest Since 2003 as Food Prices Soar

[Bloomberg] Coinbase Tumbles to Record Lows as Crypto Meltdown Deepens

[Bloomberg] ‘Everything Broke’: Terra Goes From DeFi Darling to Death Spiral

[NYT] War and Weather Sent Food Prices Soaring. Now, China’s Harvest Is Uncertain.

[WSJ] Cryptocurrency TerraUSD Plunges as Investors Bail

[WSJ] China’s Forgotten Premier Steps Out of Xi’s Shadow as Economic Fixer

[FT] Christine Lagarde sends clear signal that ECB will raise rates in July