Tuesday, May 17, 2022

Wednesday's News Links

[Yahoo/Bloomberg] Stocks Wilt as Powell Turns on the Heat: Markets Wrap

[Reuters] Stock bounce fades and the dollar gains as growth fears return

[Yahoo/Bloomberg] Oil Rises as Traders Focus on US Gasoline and China Demand

[Yahoo/Bloomberg] Russia Default Risk Surges as US Prepares to End Key Bond Waiver

[Yahoo/Bloomberg] Surging Dollar Stirs Markets Buzz of a 1980s-Style Plaza Accord

[Yahoo/Bloomberg] US Budget Feels Sting of Higher Rates, and It’s Just the Start

[Reuters] Fed's Evans wants smaller U.S. rate hikes by July or Sept

[CNBC] Weekly mortgage demand from homebuyers tumbles 12%, as higher interest rates take their toll

[Yahoo/Bloomberg] El-Erian Says US Can’t Avoid Stagflation Even as Fed Tightens

[CNBC] Americans are more stressed about money than ever, and it’s hurting our mental health

[Yahoo/Bloomberg] Ukraine Latest: Erdogan Takes On NATO as Finland, Sweden Apply

[Reuters] Japan's GDP shrinks as surging costs raise spectre of deeper downturn

[Yahoo/Bloomberg] Worker Shortages Snarl Shipping Even as Shanghai Lockdown Eases

[Reuters] Shanghai hits prized 'zero COVID' status but lockdown lingers

[Yahoo/Bloomberg] China Economy Czar Vows to Back Tech Firms After Crackdown

[Reuters] Chinese depositors left in dark as three local banks freeze deposits

[Yahoo/Bloomberg] China Faces Bigger Deficit as Covid Costs Soar and Income Dips

[Reuters] ECB tells banks to buckle up as Ukraine war hits economy

[Yahoo/Bloomberg] ECB Needs to Move Quickly From Negative Rates, Rehn Says

[Yahoo/Bloomberg] UK Inflation at a 40-Year High Engulfs Johnson and BOE in Crisis

[Yahoo/Bloomberg] Bill Hwang Seeks Probe of Morgan Stanley Over Short Squeeze

[Reuters] Fukushima water release plan gets initial OK from Japan regulator

[Reuters] Russia touts new generation of 'blinding' laser weapons

[Bloomberg] China Home Prices Drop for Eighth Month During Lockdowns

[Bloomberg] New China Covid Flareups Raise Risk of More Disruptive Curbs

[WSJ] Powell Says Fed Has Resolve to Bring U.S. Inflation Down

[WSJ] This Could Be a Lost Decade for Stocks

[WSJ] U.S. Retail Sales Grew 0.9% in April

[WSJ] Recession Looms, But Markets Haven’t Got the Message

[FT] International investors sell Chinese debt at record pace

[FT] The hunt for Goldilocks: central banks search for neutral rates

[FT] The mauling of Tiger Global

[FT] China’s lockdowns hammer consumer spending to reveal toll of zero-Covid

[FT] China diverts anti-poverty funds to Covid testing as crisis deepens

Tuesday Evening Links

[Reuters] Shares rebound, Treasury yields rise on stronger data

[AP] Powell: Fed to keep hiking rates until it controls inflation

[Yahoo/Bloomberg] Powell Says Fed Will ‘Keep Pushing’ Until Inflation Comes Down

[Yahoo/Bloomberg] Ukraine Latest: Russia Sees Long Slump, US Targets Debt Payments

[Yahoo/Bloomberg] US to Ease Sanctions on Venezuela, Enabling Cargoes to Europe

[NYT] Poor Countries Face a Mounting Catastrophe Fueled by Inflation and Debt

[FT] China pledges support to tech companies after market rout

[FT] ECB hawk raises prospect of steeper rate increase in July

Tuesday Afternoon Links

[Reuters] Shares rebound, Treasury yields rise on stronger data

[Yahoo/Bloomberg] Oil Falls as US to Allow Talks With Venezuela’s State Producer

[CNBC] Powell says the Fed will not hesitate to keep raising rates until inflation comes down

[CNBC] Homebuilder sentiment falls to 2-year low on declining demand and rising costs

[Yahoo/Bloomberg] Ukraine Latest: Putin Cites EU Economic ‘Suicide’; Orban’s Price

[AP] Yellen warns Europeans about working with China, urges unity

[Yahoo/Bloomberg] Goldman’s Hatzius Says Consumers Using Leverage for Spending

[Reuters] Analysis: Food inflation pain puts emerging markets between rock and hard place