Wednesday, May 15, 2024

Thursday's News Links

[Yahoo/Bloomberg] Stocks Hold Gains With Jobs, Fed Speakers in Focus: Markets Wrap

[Yahoo/Bloomberg] Oil Dips in Range With US Inflation and Inventories in Focus

[Yahoo/Bloomberg] Copper Short Squeeze in New York Is Rocking Metals Markets

[Reuters] China property shares jump on report of government plans to buy unsold homes

[Reuters] Investors reach for riskier assets as fear seeps out of markets

[AP] US applications for jobless benefits come back down after last week’s 9-month high

[Yahoo/Bloomberg] Fed’s Williams Sees No Current Reason to Change Stance of Policy

[Reuters] Transcript of interview with New York Fed's Williams

[Yahoo/Bloomberg] More Companies Are Selling Shares to Help Cut Debt

[Reuters] Japan's economy skids, clouding BOJ's rate hike plans

[Reuters] Swap old for new: China's latest property market plan off to a poor start

[Yahoo/Bloomberg] ECB Warns of Stability Risks From Global Elections, Geopolitics

[Reuters] Xi and Putin condemn U.S., pledge closer ties as Russia advances in Ukraine

[Reuters] What is Putin and Xi's 'new era' strategic partnership?

[Reuters] Taiwan's incoming president faces angry China, fractured parliament

[Bloomberg] Putin and Xi Vow to Step Up Fight to Counter US ‘Containment’

[Bloomberg] Xi Tells Putin That China-Russia Ties Should Last ‘Generations’

[WSJ] Surging Hospital Prices Are Helping Keep Inflation High

[WSJ] Florida and Texas Show Signs of Home Prices Falling

[WSJ] Japan’s Biggest Insurer Moves Deeper into Foreign Credit Despite Higher Domestic Yields

[FT] Vladimir Putin and Xi Jinping vow to co-operate against ‘destructive and hostile’ US

[FT] Vladimir Putin arrives in China to shore up close ties with Xi Jinping

[FT] Why growing China-Russia military ties worry the west

[FT] High debt levels put Europe at risk of ‘adverse shocks’, ECB warns

[FT] The state handouts that get out of control

[FT] Starwood’s $10bn property fund taps credit line as investors pull money

[FT] Bridgewater founder Ray Dalio warns of danger of US debt on Treasury market

Wednesday Evening Links

[Reuters] Wall Street boasts record closes as inflation data fuels rate-cut bets 

[Yahoo/Bloomberg] Yen Rebounds as Cooling US CPI Weighs on Dollar, Treasury Yields

[Reuters] Oil rebounds, gains 1% after US crude draw, lukewarm inflation data

[Reuters] Global corporate defaults doubled from March to April, S&P finds

[Yahoo/Bloomberg] Texas Grid Issues Alert for Potential Power Emergency

[Yahoo/Bloomberg] Citadel Securities Revenue Reaches $2.3 Billion in First Quarter

[Yahoo/Bloomberg] AT&T Strikes Space Broadband Deal In Challenge To Musk’s SpaceX

[AP] Russia’s Putin arrives in China for state visit in a show of unity between the authoritarian allies

[NYT] Inside the Rent Inflation Measure That Economics Nerds Love to Hate

Wednesday Afternoon Links

[Reuters] S&P 500, Nasdaq at record highs as lukewarm inflation fuels rate-cut bets

[Yahoo/Bloomberg] Gold Rises to Three-Week High as US Data Bolsters Rate Cut Bets

[Yahoo/Bloomberg] Brazil Markets Roiled as Petrobras CEO Ouster Sparks Angst

[Yahoo/Bloomberg] Oil Swings as Risk-On Mood Vies With Weaker IEA Demand Forecast

[Reuters] U.S. homebuilder sentiment tumbles as rates slow buyer traffic

[Reuters] Fed's Kashkari: rates should stay on hold 'for a while longer'

[The Hill] Credit card delinquencies surge, almost 1 in 5 users maxed-out: Research

[Yahoo/Bloomberg] Microsoft’s AI Push Imperils Climate Goal as Carbon Emissions Jump 30%

[MSN/LAT] The shocking state of the restaurant industry: 'we can't afford to be open.  We can't afford to be closed.'

[Reuters] Slovak prime minister Robert Fico in life-threatening condition after being shot

[Reuters] Zelenskiy postpones travel abroad as Russian troops enter Ukraine border town

[Reuters] US raises concerns to Chinese officials about AI misuse

[Reuters] Why is Russia holding nuclear drills and should the West be worried?

[Reuters] Renaissance Technologies bought GameStop, AMC shares, filing says

[WSJ] Inflation Puts More Retirees at Risk of Running Out of Money

[WSJ] Hamas Shift to Guerrilla Tactics Raises Specter of Forever War for Israel