Wednesday, July 6, 2022

Thursday's News Links

[Yahoo/Bloomberg] Stocks Rise; Pound Jumps as Johnson Quits: Markets Wrap

[CNBC] U.S. Treasury yields extend gains as bond markets continue to flash recession warning signal

[Yahoo/Bloomberg] Oil Extends Volatile Week as Tight Market Vies With Slowdown

[Yahoo Finance] Corn, soybeans, wheat down over 20% from peaks

[Yahoo Finance] U.S. weekly jobless claims rise; layoffs hit 16-month high in June

[Reuters] U.S. trade deficit narrows in May; exports hit record high

[Reuters] After scandals, Boris Johnson quits as UK prime minister

[Reuters] Factbox: Now UK's Boris Johnson has quit, who could replace him?

[Yahoo/Bloomberg] ECB Tool Has Name, But Arrival on July 21 Seems Uncertain

[Yahoo/Bloomberg] China Considers $220 Billion Stimulus With Unprecedented Bond Sales

[Reuters] Shanghai back on alert as China battles COVID outbreaks

[Yahoo/Bloomberg] Huarong Perpetual Dollar Bond Tumbles Most Since Debt Scare

[Yahoo/Bloomberg] China’s Steel Industry Sounds the Alarm Over Crisis Conditions

[AP] China lashes out at US, British intelligence services

[Yahoo/Bloomberg] Ukraine Latest: Russia Hits Snake Island a Week After Evacuating

[Reuters] Russia warns humanity at risk if West seeks to punish it over Ukraine

[Yahoo/Bloomberg] Defiant Johnson Refuses to Quit, Fires Gove Over Past Betrayal

[NBC] BA.5, now dominant U.S. variant, may pose the biggest threat to immune protection yet

[Reuters] Heads of MI5, FBI give joint warning of growing threat from China

[ABC] FBI director calls China 'biggest' US threat, details attempts to 'undercut' economy

[USAT] 'Clear the lake is in trouble': Great Salt Lake breaks record low level for the second time in a year amid drought

[Reuters] Sydney residents assess flood damage as wild weather eases

[Bloomberg] China Property Slide ‘Early’ in Game After $1 Trillion Defaults

[Bloomberg] ECB Agrees Gradualism Doesn’t Mean Slow Tightening, Small Steps

[Bloomberg] Shanghai Cases Double in a Day, Fueling Lockdown Fears

[WSJ] In Voyager Bankruptcy, Crypto Trading Firm Alameda Is Creditor, Shareholder and Borrower

[FT] Boris Johnson bows to pressure and quits as Conservative leader

[FT] Who will replace Boris Johnson as UK prime minister?

[FT] Federal Reserve officials warn entrenched inflation poses ‘significant risk’

[FT] New Covid variants threaten China’s mRNA vaccine hopes

Wednesday Evening Links

[Yahoo/Bloomberg] Bonds Drop Post-Fed; Stocks Set for Steady Start: Markets Wrap

[Reuters] Wall Street ends up as investors absorb Fed minutes

[AP] Fed: Sharply higher rates may be needed to quell inflation

[Reuters] Fed's fear of entrenched high inflation fueled big rate hike, minutes show

[Yahoo/Bloomberg] China Data Show Economy Shrinking in Challenge to Xi’s Target

[Reuters] U.S. counterintelligence warns of China stepping up influence operations

[Reuters] World hunger rising as U.N. agencies warn of "looming catastrophe"

[Bloomberg] Crypto Lender Genesis Confirms Exposure to Bankrupt Three Arrows Capital

[NYT] Fed officials, spooked by data, fretted in June about inflation becoming entrenched.

Wednesday Afternoon Links

[Reuters] Wall Street retreats ahead of Fed minutes

[Yahoo/Bloomberg] Oil Extends Its Decline as Growth Concerns Stoke Mammoth Drop

[CNBC] Fed sees ‘more restrictive’ policy as likely if inflation fails to come down, minutes say

[Reuters] U.S. labor market still tight as job openings remain elevated

[Reuters] U.S. service sector index at 2-year low, employment shrinks - ISM survey

[Reuters] Emerging markets post longest streak of monthly outflows since 2015, IIF says

[Yahoo/Bloomberg] Ukraine Latest: NATO Expansion; Kyiv Casts Doubts on Grain Deal

[AP] G-20 meeting may lead to wider divisions over war in Ukraine

[Reuters] France plans full nationalisation of power utility EDF

[Yahoo/Bloomberg] Kremlin Pushes New Wave of Repression at Home as War Drags

[FT] Commodities slump as recession fears stamp out fierce rally

[FT] The big risks to America in bringing supply chains home