Thursday, December 8, 2022

Friday's News Links

[Yahoo/Bloomberg] Stocks on Shaky Ground After Mixed Economic Data: Markets Wrap

[Reuters] Oil set for 10% weekly drop as demand worries dominate

[CNBC] Wholesale prices rose 0.3% in November, more than expected, despite hopes that inflation is cooling

[Yahoo/Bloomberg] US Year-Ahead Inflation Expectations Fall to Lowest Since 2021

[Reuters] U.S. consumer sentiment improves in December

[Yahoo/Bloomberg] Russia May Cut Oil Output in Response to G-7 Price Cap, Putin Says

[Yahoo/Bloomberg] Retail Traders Lose $350 Billion in Brutal Year for Taking Risks

[Reuters] U.S. equity funds register biggest weekly outflow in about 1-1/2 years

[Reuters] Global equity funds record biggest weekly outflows in three months

[Reuters] China's producer prices fall, consumer inflation slows on soft demand

[AP] China struggles with COVID infections after controls ease

[Reuters] China regulators, state banks split staff as fears mount about new COVID outbreaks-sources

[Yahoo/Bloomberg] US Readies Sanctions Against Russia, China Over Human Rights

[Reuters] Saudi Arabia gathers China's Xi with Arab leaders in 'new era' of ties

[Yahoo/Bloomberg] Euro-Zone Banks Return Another €447.5 Billion in ECB Funding

[Reuters] Japan, Britain and Italy to build jet fighter together

[Reuters] Arid wheat fields and dead cows: a snapshot of Argentina's worst drought in decades

[Bloomberg] Fed Expected to Keep Peak Rates for Longer, Dashing Hopes for 2023 Cuts

[Bloomberg] End of Covid Zero Threatens to Overwhelm China With Infections

[NYT] Inside the Frantic Texts Exchanged by Crypto Executives as FTX Collapsed

[FT] China’s disappearing data stokes fears of hidden Covid wave

[FT] Why oil has dropped despite new constraints on Russian supply

[FT] Public’s view of Bank of England falls to all-time low as prices soar

Thursday Evening Links

[Reuters] S&P 500, Nasdaq snap losing streaks after jobless claims rise

[Reuters] Oil falls on weakening demand, shrugs off Keystone closure

[Reuters] Blackstone gets a slap from efficient markets

[Yahoo/Bloomberg] Goldman Sachs Says Hopes That Inflation Has Peaked Are Premature

[Yahoo/Bloomberg] Carvana Pact Offers a Blueprint for Battle-Weary Investors

[AP] Ukraine: Russia put rocket launchers at nuclear power plant

[Bloomberg] Emerging-Market Debt Is Sliding Into Distress. Just Look at Ghana

[FT] Lula expected to appoint leftwing loyalist as Brazil’s finance minister

Thursday Afternoon Links

[Reuters] S&P 500 rebounds on tech boost; weekly jobless claims rise

[Yahoo/Bloomberg] Oil Swings as Outage on Vital Pipeline in US Adds to Volatility

[Reuters] U.S. labor market still tight despite continuing claims hitting 10-month high

[CNBC] 401(k) ‘hardship’ withdrawals hit record high, Vanguard says — another sign households feel the pinch of inflation

[CNBC] Long Covid is distorting the labor market — and that’s bad for the U.S. economy

[CNN] Hospitals in the US are the fullest they’ve been throughout the pandemic – but it’s not just Covid

[Reuters] COVID spread fears grow as China unwinds zero-tolerance curbs

[Reuters] Saudi Arabia signs Huawei deal, deepening China ties on Xi visit

[Yahoo/Bloomberg] Credit Suisse Raises $4.3 Billion Capital After Wild Ride

[Reuters] Pakistan FX reserves held by central bank fall to $6.7 bln

[Bloomberg] Exxon’s US Workers Get Inflation-Busting Pay Hike as Profit Hits Record

[WSJ] The Housing Slowdown Is Wreaking Havoc on the Short-Term Rental Market

[FT] Tett: Light needs shedding on the dollar swaps black hole

[FT] Xi Jinping hails ‘new era’ in China-Saudi Arabia relationship

Thursday's News Links

[Yahoo/Bloomberg] US Stocks Climb; Treasuries Rally Stalls: Markets Wrap

[Yahoo/Bloomberg] Yuan Faces Reality Check After China Reopening-Driven Rally

[Yahoo/Bloomberg] Oil Rises After Four-Day Retreat as China Edges Toward Reopening

[Yahoo/Bloomberg] Continuing US Jobless Claims Rise to Highest Since February

[Reuters] 'The worst is yet to come': the curse of high inflation

[Yahoo/Bloomberg] Ukraine Latest: EU to Boost Weapons Fund, Kyiv Holds Rates

[Reuters] 'Too many positives!': As China rows back COVID curbs, virus fears spread

[Reuters] China Nov passenger vehicle sales drop 9.5%, first fall in six months - CPCA

[Reuters] Saudi lays on lavish welcome as China's Xi heralds 'new era' in relations

[Yahoo/Bloomberg] China Asks Insurers to Buy Bonds as Retail Investors Pull Back

[Reuters] Blackstone CEO says financially distressed investors driving REIT redemptions

[CNBC] Manhattan renters face sticker shock with average rent at $5,200

[Yahoo/Bloomberg] BOK Is Ready to Provide More Liquidity If Needed to Ease Jitters

[WSJ] China Braces for Deadly Covid Wave After Loosening Controls

[FT] ‘What’s the point of buying?’ China’s property woes push young to rent

[FT] Beijing running out of fever medication as Covid outbreak spreads