Wednesday, June 1, 2022

Thursday's News Links

[Yahoo/Bloomberg] Stocks Rise as Oil’s Decline Eases Inflation Fears: Markets Wrap

[Reuters] Oil prices fall on prospect of OPEC offsetting Russian output loss

[CNBC] Private payrolls increased by just 128,000 in May, the slowest growth of the recovery, ADP says

[Reuters] U.S. jobless claims drop; layoffs fall in May

[Yahoo/Bloomberg] US For-Sale Homes Rise in First Since 2019, Shows

[Yahoo Finance] 'I am surprised': Airline ticket prices reach jarring levels

[Yahoo/Bloomberg] Ukraine Latest: US Rockets Require Training; Russia Bond Miss

[Yahoo/Bloomberg] Russia Fails to Meet Bond Obligations, Triggering Swaps Payout

[Reuters] Time is running out for Russia, German economy minister says

[Yahoo/Bloomberg] Chinese Officials Vow to Carry Out Plans for Growth Stimulus

[Yahoo/Bloomberg] China Plans $120 Billion Credit Line for Infrastructure

[Reuters] Fitch withdraws ratings on debt-laden China Evergrande, subsidiaries

[Yahoo/Bloomberg] China Raises Pressure on Banks to Help Struggling Developers

[Yahoo/Bloomberg] Chinese Warehouses Check Metal Inventories as Traders Cry Foul

[Reuters] After Shanghai lockdown, many struggle to pick up the pieces

[Yahoo/Bloomberg] US and Taiwan to Deepen Trade Ties, Plan June Washington Meeting

[AP] China demands US stop trade talks with Taiwan

[NBC] Sweeping water restrictions begin in Southern California amid ongoing drought

[WSJ] Federal Reserve’s Portfolio Runoff Has Begun

[WSJ] Is the Fed Finally In Control? Markets Think So—At Their Peril

[WSJ] Red-Hot Coal Prices Threaten More Increases in Power Bills

[FT] The west is starting to feel Ukraine fatigue

Wednesday Evening Links

[Reuters] Wall St ends lower as economic data fails to ease rate hike angst

[AP] Stocks slide as strong economic data raises rate worries

[Yahoo/Bloomberg] Ukraine Latest: US Missiles Will Require Three Weeks of Training

[Reuters] Private equity industry like a Ponzi scheme, says Amundi CIO

[NYT] Putin’s Threats Highlight the Dangers of a New, Riskier Nuclear Era

[FT] Russia’s ‘failure to pay’ bond interest triggers credit default swaps

[FT] JPMorgan chief says ‘hurricane’ is bearing down on economy

[FT] China loosens Shanghai restrictions as economic woes mount

[FT] Global food price ‘shock’ amplifies risks for emerging markets

Wednesday Afternoon Links

[Yahoo/Bloomberg] Stocks Fall as Data Show a Still-Hot Economy: Markets Wrap

[Reuters] Russia in "failure to pay" credit event, investor committee says

[Yahoo/Bloomberg] Russia Fails to Meet Bond Obligations, Triggering Swaps Payout

[Yahoo/Bloomberg] US Manufacturing Growth Unexpectedly Firms on Stronger Orders

[Yahoo/Bloomberg] Jamie Dimon Says JPMorgan Is Bracing Itself for Economic ‘Hurricane’

[Reuters] Dimon calls for quantitative tightening to tackle 'unprecedented' situation

[Yahoo/Bloomberg] Fed’s Daly ‘Comfortable’ Raising Rates Until Inflation Is Tamed

[Yahoo/Bloomberg] Dudley: Dudley Plays Down Suggestion of September Fed Rate-Hike Pause

[Reuters] Bank of Canada hikes rates to 1.5%, says will act 'more forcefully' if needed

[Reuters] Ukraine promises not to hit Russia with U.S. long-range rocket systems -Blinken

[Yahoo/Bloomberg] Bank of England Says Stablecoins Aren’t Stable for Investors