Wednesday, May 22, 2024

Thursday's News Links

[Yahoo/Bloomberg] Stocks Rally as Nvidia Keeps AI Juggernaut Going: Markets Wrap

[CNBC] Oil prices bounce back after three-day decline but still on pace for weekly loss

[Yahoo/Bloomberg] China Allows Yuan to Drop as Outflows, Dollar Test PBOC’s Grip

[Yahoo/Bloomberg] US Business Activity Expands Most in Two Years, Prices Pick Up

[Reuters] US weekly jobless claims fall as labor market remains solid

[Reuters] Improved business activity casts doubt over rate cuts

[CNBC] JPMorgan CEO Jamie Dimon says U.S. could see a ‘hard landing,’ stagflation will be ‘worst outcome’

[AFP] Companies Put Record Amount In Shareholders' Pockets: Report

[Reuters] Yellen wants G7 'wall of opposition' to China's excess industrial capacity

[Yahoo/Bloomberg] Losses Pile Up in Top-Rated Bonds Backed by Commercial Real Estate Debt

[Reuters] Israeli forces push deeper into Gaza's north and south

[Reuters] China launches 'punishment' war games around Taiwan

[AP] Taiwan scrambles jets and puts missile, naval and land units on alert over China’s military drills

[Reuters] Chinese military practiced Taiwan invasion manoeuvres in 2023, says US general

[Reuters] With mock attacks, China sends honed warning to Taiwan's new president

[Reuters] South Korea holds rates, signals tight policy to stay over short term

[Reuters] South Korea announces $19 bln support package for chip industry

[Reuters] Japan's factory activity expands for first time in a year, PMI shows

[Yahoo/Bloomberg] Mexico Consumer Prices Rise More Than Expected

[Yahoo/Bloomberg] Euro-Zone Wage Growth Picks Up in Inflation Warning to ECB

[Yahoo/Bloomberg] Euro-Zone Activity Hits One-Year High as Recovery Gains Pace

[Reuters] Russia says it will strike British targets if UK weapons are used to hit its territory

[Bloomberg] Microsoft Wanted to be Carbon Negative. Then It Went Big on AI

[WSJ] Chinese Military Launches Drills Encircling Taiwan in Test of New President

[WSJ] CFOs Lock in Savings with Interest-Rate Swaps Amid Uncertainty About Fed Cuts

[FT] China kicks off ‘punishment’ drills around Taiwan

[FT] Japan’s ‘wall of money’ is too big a temptation to resist

Wednesday Evening Links

[Reuters] Stocks fall after Fed minutes; Nvidia shares climb after the bell

[Yahoo/Bloomberg] US Bonds Slip as Fed Minutes Show Higher Rates Still on Table

[Yahoo/Bloomberg] Oil Retreats as Hawkish Fed Minutes Weigh Down Equity Markets

[Reuters] Nvidia's strong forecast lifts shares of AI chipmakers

[Yahoo/Bloomberg] Goldman Now Sees US Debt-Cost Ratio Rising Into Danger Zone

[Reuters] Goldman Sachs CEO says Fed unlikely to cut rates this year

[Yahoo/Bloomberg] Texas to Face Heat Index of 110F in Late Spring Test for Power Grid

[Yahoo/Bloomberg] Steady, Widening Service Price Rises May Spur BOJ’s Next Move

[WSJ] Fed Officials Saw Longer Wait for Rate Cuts After Inflation Setbacks

Wednesday Afternoon Links

[Yahoo Finance] Stocks take leg lower after Fed minutes with Nvidia earnings on deck

[Yahoo/Bloomberg] Fed Minutes Show Officials Rally Around Higher-for-Longer Rates

[CNBC] Federal Reserve minutes indicate worries over lack of progress on inflation

[Yahoo/Bloomberg] US Existing-Home Sales Unexpectedly Fall, Prices Stay High

[Yahoo/Bloomberg] Texas to Face Extreme Heat in New Test for Its Power Grid: Weather Watch

[CBS] The doomsday glacier is undergoing "vigorous ice melt" that could reshape sea level rise projections

[WSJ] How Has Inflation Hit Your Finances? 10 People Get Candid

[FT] Surging German wage growth casts doubt on timing of ECB rate cuts

[FT] Japan’s Norinchukin plans capital raise after higher rates hit bond holdings

[FT] Israel recalls envoys as Spain, Ireland and Norway commit to recognise Palestinian state