Thursday, August 10, 2023

Friday's News Links

[Yahoo/Bloomberg] Stocks Drop as China, Fedspeak Unnerve Traders: Markets Wrap

[CNBC] Treasury yields increase after producer prices are a touch hotter than expected

[Yahoo/Bloomberg] Oil Holds Near $83 as IEA Sees Consumption at a Record

[Yahoo/Bloomberg] Emerging Markets Cap Week of Selling Everything With China Link

[AP] Wholesale inflation in US edged up in July from low levels

[Yahoo/Bloomberg] US Housing Market Recoups $3 Trillion Lost in Recent Slowdown

[Yahoo/Bloomberg] Biden Fears China Is ‘Ticking Time Bomb' Posing Danger to World

[Yahoo/Bloomberg] US Treasuries on Track for Record Year of Inflows, BofA Says

[CNBC] Why Americans are struggling with car loans

[Reuters] China July new bank loans tumble, credit growth weakens further

[Reuters] Country Garden restructuring fears deepen China property concerns

[Reuters] Country Garden credit distress likely to spill over to China markets - Moody's

[Yahoo/Bloomberg] Once China’s Top Builder, Country Garden Turns Into Penny Stock

[Yahoo/Bloomberg] China to Shift $139 Billion of Troubled LGFV Debt to Provinces

[Yahoo/Bloomberg] Thousands of Tiny Hedge Funds Face Closure in China Shakeup

[Reuters] UK economy's surprise strength puts more BoE rate hikes on table

[Yahoo/Bloomberg] Hard Landing Is Here for Trade, Roiling World Export Champs

[Yahoo/Bloomberg] Global Oil Demand Hits Record and Prices May Climb, IEA Says

[Reuters] Domino effect: India rice export ban puts market on edge for copycat curbs

[Yahoo/Bloomberg] War and Soggy Fields Leave World Short of Top-Quality Wheat

[NYT] Outrage as Chinese Real Estate Giant Wobbles and Its Stock Dives

[WSJ] AI Mania Triggers Dot-Com Bubble Flashbacks

[WSJ] Startups Are Dying Amid Drought in Venture Funding

[WSJ] Chinese Property Giant Country Garden Sends Another Distress Signal

[FT] Country Garden crisis brings new pain to China’s property sector

[FT] China sends debt squads to tackle overleveraged regions

[FT] China pushes to dominate trading in clean energy metals

Thursday Evening Links

[Reuters] Wall Street ends flat, after pop from July inflation data fizzles

[Yahoo/Bloomberg] Stocks Churn as Fed Skip in Sight, But No Pivot: Markets Wrap

[Yahoo/Bloomberg] US 30-Year Treasury Auction Signals Weak Demand to Wrap Up Week of Big Sales

[Reuters] Traders bet Fed rate hikes are over, cuts to start in 2024

[Reuters] US mortgage delinquency rates fall to all-time low

[Yahoo/Bloomberg] NYC Faces Budget Gaps of $40 Billion Through 2027, DiNapoli Says

[Yahoo/Bloomberg] Guggenheim CIO Says Credit Market Is ‘Next Shoe to Drop’

[Bloomberg] Biden Fears China Is ‘Ticking Time Bomb' Posing Danger to World

Thursday Afternoon Links

[Yahoo/Bloomberg] Stock Rally Sputters as Fed Pivot Remains Elusive: Markets Wrap

[Yahoo/Bloomberg] Oil Rally Pauses Near Highs for the Year Amid Technical Barriers

[CNBC] Here’s the inflation breakdown for July, in one chart

[Yahoo/Bloomberg] Fed Seen Pausing After Tame CPI Data, But Mission Not Over

[Yahoo Finance] San Francisco Fed’s Daly: 'There’s still more work to do' on inflation

[Reuters] Hawaii wildfires raze resort city on Maui island, killing dozens

[Yahoo Finance] Home equity could be the source of the next spending boom

[Yahoo/Bloomberg] Bacon Prices Set to Surge Anew in Threat to More Meat Inflation

[FT] US investors face uncertain future in China after tech ban