Thursday, July 6, 2023

Friday's News Links

[Yahoo/Bloomberg] Stocks Mixed After Still Too Strong US Jobs Data: Markets Wrap

[CNBC] 2-year Treasury yield eases slightly after weaker-than-expected payrolls data

[Yahoo/Bloomberg] Renewed Treasury Rout Catapults Global Yields to 15-Year High

[Reuters] Buckling bond market casts pall over stocks

[CNBC] Payrolls rose by 209,000 in June, less than expected, as jobs growth wobbles

[Reuters] Yellen criticizes China's 'punitive' actions against US companies, urges market reforms

[AP] Elevated mortgage rates are leading to sharply higher monthly payments even as home prices ease

[Reuters] Cash assets under management reach 'monster $7.8 trillion', Bank of America says

[Yahoo/Bloomberg] Private Equity Is Pivoting to Buy Now, Add Leverage Later Model

[Dow Jones] Canada Unemployment Rate Rises to 5.4% in June 

[Reuters] UK house prices post biggest annual drop since 2011: Halifax

[Reuters] Japan's base salaries jump most since 1995, puts BOJ policy into view

[Yahoo/Bloomberg] ‘Mr. Yen’ Says Japan’s Currency May Fall to 160 and Beyond

[Yahoo/Bloomberg] China’s Central Bank Boosts Gold Reserves for Eighth Month

[Yahoo/Bloomberg] China Weighs More Local Bond Sales to Help Pay Risky Hidden Debt

[Yahoo/Bloomberg] China’s Market Slump Heaps Pressure on Xi to Deliver Support

[Dow Jones] China's Foreign-Exchange Reserves Rose in June

[Yahoo/Bloomberg] Goldman Targeted by China State Media for Bearish Bank View

[Reuters] Goldman's China banks downgrade based on 'pessimistic assumptions' - state media

[Yahoo/Bloomberg] Samsung Sales Fall Most in Over a Decade as Chip Slump Persists

[Yahoo/Bloomberg] Corporate Scandals Spark Crisis of Confidence in Thai Markets

[Reuters] Exclusive: IAEA chief Grossi hints at discord among Fukushima report experts

[AP] Recent events that indicate Earth’s climate has entered uncharted territory

[Yahoo/Bloomberg] String of Global Heat Records Raises Alarm on Climate Change

[NYT] The Contentious U.S.-China Relationship, by the Numbers

[WSJ] China Controls Minerals That Run the World—and It Just Fired a Warning Shot at U.S.

[WSJ] Companies Are Drowning in Too Much AI

Thursday Afternoon Links

[Reuters] Wall St sinks as labor data stokes rate hike fears

[Dow Jones] 2-year Treasury yield touches highest in 17 years on hot private-sector jobs data

[Yahoo/Bloomberg] Stock Investors Are on Notice After Wall Street’s Fear Gauge Jumps

[Dow Jones] U.S. Services Sector Expands for Sixth Straight Month

[Reuters] US labor market shows resilience on eve of June's employment report

[CNN] US job openings dropped below 10 million in May

[Yahoo/Bloomberg] Mortgage Rates in US Jump, Climbing to Highest Since November

[Reuters] Small U.S. homebuilders tap the brakes as credit squeeze, rising rates hurt

[Reuters] Iran's Revolutionary Guards seize commercial ship in Gulf - U.S. Navy

[Yahoo/Bloomberg] Ukraine Recap: Stoltenberg Says NATO Watching Wagner in Belarus

[Yahoo/Bloomberg] ECB’s Nagel Says Rates to Stay Restrictive for Extended Period

[Reuters] China's Xi tells military to deepen war, combat planning, Xinhua reports

[FT] Top Fed official signals support for July rate rise to tame ‘hot’ economy