Wednesday, August 9, 2023

Thursday's News Links

[Yahoo/Bloomberg] Stocks climb as inflation slowdown pauses: Stock market news today

[Yahoo/Bloomberg] Yen Dips to Weakest Since 2008 Against Euro, Eyes 145 Per Dollar

[Yahoo/Bloomberg] Oil Holds Nine-Month High as Supply Risks Offset US Stockpiles

[Yahoo/Bloomberg] Soaring Rice Prices Stretch Budgets for Billions in Asia, Africa

[CNBC] Inflation gauge rose 3.2% annually in July, less than expected

[AP] Number of Americans applying for jobless aid rises, but not enough to cause concern

[Reuters] Analysis: Moody's warning on US banks a wake-up call for sanguine investors

[Reuters] Hawaii wildfires kill 36 as 'apocalypse' hits Maui island resort city

[CNBC] China slams Biden’s order limiting U.S. overseas tech investment

[CNBC] China’s real estate market roiled by default fears again, as Country Garden spooks investors

[Reuters] What are China's 'sponge cities' and why aren't they stopping the floods?

[Reuters] ECB is on back foot and for once it's down to Germany

[Reuters] UK retailer Wilko collapses, putting 12,000 jobs at risk

[Reuters] Japan ex-PM Aso's 'fight for Taiwan' remark in line with official view, lawmaker says

[Reuters] North Korea's Kim dismisses top general, calls for war preparations

[Bloomberg] Country Garden Downgraded by Moody’s After Missed Coupons

[NYT] Heat, War and Trade Protections Raise Uncertainty for Food Prices

[WSJ] U.S. and China Poised to Drift Further Apart After Investment Ban

[WSJ] Colleges Spend Like There’s No Tomorrow. ‘These Places Are Just Devouring Money.’

[FT] The dark side of the US sports betting boom

Wednesday Evening Links

[Yahoo/Bloomberg] Stock Traders Shun Risk in Run-Up to Key CPI Test: Markets Wrap

[Reuters] Biden signs order to ban certain tech investments in China

[CNBC] UPS CEO says drivers will average $170,000 in pay and benefits at end of 5-year deal

[Reuters] Once worth $47 billion, WeWork shares near zero after bankruptcy warning

[Reuters] Six people killed in Maui wildfire as survivors flee into ocean

[Reuters] WHO classifies EG.5 as COVID-19 'variant of interest'

Wednesday's News Links

[Yahoo/Bloomberg] Italian Relief Rally Lifts Mood; US Steady: Markets Wrap

[Yahoo/Bloomberg] Oil Rallies to Highest Since November on Black Sea Risks

[Yahoo/Bloomberg] Bond Market Inflation Gauge Shows Doubts About Swift Fed Victory

[Reuters] Oil output inches up at top US shale firms, with faster growth elusive

[Yahoo/Bloomberg] Rice Soars to Highest Since 2008 on Rising Threats to Supply

[Yahoo/Bloomberg] US Mortgage Rates Top 7% as Fitch Cut Added to Treasury Selloff

[CNBC] Mortgage demand drops again after FHA loan interest rate hits 21-year high

[Reuters] Rising bond yields emerge as pressure point for US stock rally

[Reuters] China tips into deflation as efforts to stoke recovery falter

[Yahoo/Bloomberg] Country Garden Is in Danger of a Default Rivaling Evergrande’s

[Yahoo/Bloomberg] China Deflation Provides Limited Relief for Global Central Banks

[Reuters] White House to detail plans restricting some US investments in China - source

[Yahoo/Bloomberg] Emerging-Market Traders on Carry Hunt Look Past Scary China Data

[Yahoo/Bloomberg] July Was the Hottest Month on Record

[WSJ] Banks’ Problems Aren’t Over, According to the Bond Market

[FT] Loan losses at US banks hit $19bn as borrowers feel rate rise pain

[FT] Investors’ expectations of eurozone inflation hit 13-year high

[FT] How China cornered the market for clean tech