Wednesday, January 4, 2023

Thursday's News Links

[Yahoo/Bloomberg] US Stocks Drop With Treasuries on ADP Data: Markets Wrap

[Yahoo/Bloomberg] Oil Claws Back Some Losses After Slump as Demand Concerns Linger

[Yahoo/Bloomberg] Egypt’s Devaluation Ushers In Volatility as Pound Plumbs New Low

[CNBC] Private payroll growth surged by 235,000 in December, well above estimate, ADP reports

[Reuters] Heavy discounts drive record U.S. online holiday spending, report says

[Reuters] Amazon CEO says job cuts to exceed 18,000 roles

[Reuters] Tech firms lead companies with most December job cuts, report says

[Reuters] Silvergate Capital shares sink as crypto-related deposits plunge

[Yahoo/Bloomberg] Soaked California Faces Another Deluge Driven by Bomb Cyclone

[Reuters] BOJ to raise forecasts for key inflation gauge - sources

[AP] Beds run out at Beijing hospital as COVID-19 spreads

[Yahoo/Bloomberg] PBOC Plans Targeted Stimulus as China Focuses on Price Risks

[Yahoo/Bloomberg] China’s Ambitions for Dedollarization Take Another Step Forward

[Yahoo/Bloomberg] World Says Goodbye to Negative-Yielding Debt as BOJ Shift Bites

[Yahoo/Bloomberg] Tax Havens Obscured at Least $1.4 Trillion of Foreign Investment in China

[Bloomberg] Hedge Funds Gave Startups Billions. What Are They Worth?

[Bloomberg] Funding for Latin America’s Unicorns Vanishes as Venture Capital Pulls Back

[Bloomberg] Chinese Builder Defaults on Bonds Despite State Help for Sector

[WSJ] U.S. Auto Sales in 2022 Worst in Over a Decade

[WSJ] Corporate Insiders Aren’t Betting on a Market Rebound

[FT] Negative-yielding debt wiped out by Japan central bank’s policy shift

[FT] How serious is the threat of new Covid-19 variants?

Wednesday Evening Links

[CNBC] Stock futures are down slightly as investors contemplate Fed minutes, economic data

[Yahoo/Bloomberg] Fed Affirms Inflation Resolve, Pushes Back Against Rate-Cut Bets

[Reuters] Fed wants 'flexibility' on rates as inflation remains key focus, minutes show

[Yahoo/Bloomberg] Markets Are Wrong on Fed Rate Hikes, Morgan Stanley’s Caron Says

[Reuters] U.S. House rejects Kevin McCarthy a sixth time despite Trump unity plea

[Reuters] Another 'atmospheric river' storm renews flood threat in California

[NYT] Fed Officials Fretted That Markets Would Misread Rate Slowdown

[WSJ] Fed Minutes Show Officials Feared Markets’ Rallies Could Hinder Inflation Fight

[FT] Fed wants ‘more evidence’ of easing inflation and backs fresh rate rises

[FT] China has under-represented its number of Covid deaths, says WHO

Wednesday Afternoon Links

[CNBC] Dow cuts gains after Fed meeting minutes signal more rate hikes ahead

[Yahoo/Bloomberg] Oil’s Slump Deepens as Near-Term Weakness Overtakes Market 

[Yahoo/Bloomberg] Fed Minutes Show Inflation Resolve, Concern on Market Views

[Yahoo/Bloomberg] US Job Openings Top Forecasts, Keeping Pressure on Fed to Hike

[Yahoo/Bloomberg] US Manufacturing Contracts for a Second Month, Prices Ease

[Yahoo Finance] Minneapolis Fed’s Kashkari explains why he missed inflation, calls for higher rates

[Yahoo/Bloomberg] Ukraine Latest: Spy Chief Predicts ‘Deeper’ Attacks in Russia

[CNBC] XBB.1.5 omicron subvariant is the most transmissible version of Covid yet, WHO says

[WSJ] Fed’s Kashkari Sees Rates Rising to 5.4%

[WSJ] Companies Are Gritting Their Teeth and Hiring

[WSJ] Why Xi Jinping Reversed His Zero-Covid Policy in China