Monday, June 5, 2023

Tuesday's News Links

[Yahoo/Bloomberg] Apple Declines, Oil Retreat Drags Stocks Lower: Markets Wrap

[Reuters] World stocks tread water as traders eye Fed pause prospects

[Yahoo/Bloomberg] Wheat Jumps on Dam Blast as Fighting Escalates in Ukraine

[Reuters] Binance, US affiliate hit by net outflows of $790 mln in last 24 hours

[Yahoo/Bloomberg] SEC’s Lawsuit Against Binance Strikes at Heart of Ailing Crypto Sector

[CNN] SEC sues Coinbase for allegedly acting as an unregistered crypto broker

[CNBC] West Coast port labor issues persist from Los Angeles to Seattle, with supply chain frustration mounting

[AP] California insurance market rattled by withdrawal of major companies

[Reuters] Exclusive: China's state banks told to lower cap on dollar deposit rates -sources

[Yahoo/Bloomberg] A Wave of Delisting Faces Chinese Developers in Risk to Funding

[Yahoo/Bloomberg] Ukraine Dam Blast Blamed on Russia Tips War Into New Phase

[Reuters] Dam destroyed in Ukraine, flooding war zone

[MSN/NYT] Biden Administration Shrugs Off Ukraine Attacks in Russia

[Reuters] Canal that supplies Crimea getting far less water after Ukraine dam blast, warns Kremlin

[Yahoo/Bloomberg] China’s Assurances on Soaring Local Debt Fail to Ease Concerns

[Reuters] Chinese universities raise tuition fees by as much as 54%

[Yahoo/Bloomberg] Australia Unexpectedly Raises Key Rate, May Tighten Further

[Yahoo/Bloomberg] ECB Says Consumer Inflation Expectations Fell Significantly

[WSJ] Interest-Only Loans Helped Commercial Property Boom. Now They’re Coming Due.

[FT] ‘Fear of missing out’ drives retail investors to ride AI wave

[FT] Half of big multinationals plan to cut office space in next three years

[FT] Dam breach gives Russia a new weapon in Ukraine war

Monday Evening Links

[Reuters] S&P 500 ends lower as traders eye potential pause in rate hikes

[Reuters] US bank shares fall after Treasury debt issuance, proposed new capital requirements

[CNBC] Bitcoin drops below $26,000 after SEC sues crypto exchange Binance

[Reuters] Retailers, manufacturers urge White House to mediate in West Coast ports labor dispute

[AP] Ukraine trying to end battlefield stalemate in what may be start of counteroffensive

[Reuters] Someone may get hurt by China military 'aggressiveness,' White House warns

[WSJ] Wall Street Backs Off Bets on Fed Rate Cuts

[WSJ] Allstate Stops Selling New Home-Insurance Policies in California, Citing Wildfire Risks

[FT] US prepared to address ‘aggressiveness’ of Chinese military

Monday Afternoon Links

[Reuters] S&P 500, Nasdaq climb as Apple hits record high

[Reuters] Oil rises 1% on Saudi plan to deepen output cuts from July

[Yahoo/Bloomberg] US Services Activity Nearly Stalls as Price Gauge Slides

[Yahoo/Bloomberg] SEC Sues Binance and CEO Zhao for Breaking US Securities Rules

[Yahoo/Bloomberg] Lagarde Says Price Pressures Are Strong, ECB to Hike Further

[Reuters] ECB may need to keep raising rates beyond summer, Nagel says

[Reuters] Global equity funds suffer seventh straight week of outflows

[Yahoo/Bloomberg] Biggest Junk-Bond ETF Attracts Most Cash Since 2020 as Rally Builds

[FT] China’s troubles about debt