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What I Am Reading

Saturday, May 1, 2021

Markets

Central banks

How the Federal Reserve Gauges InflationNew York Times

US I

U.S. Household Income Surged by Record 21.1% in MarchWall Street Journal
Stimulus checks boost U.S. consumer spending; inflation warming upReuters
U.S. labor costs accelerate in the first quarterReuters
Summers Sees Signs of Scarce Workers as Harbinger of InflationBloomberg

US II

Biden’s $4 Trillion Plan Now Gets Test in CongressWall Street Journal
'Amtrak Joe' Biden pushes infrastructure in PhiladelphiaReuters
The Biden White House Runs on a Tight Script. The President Doesn’t.Wall Street Journal

China

China Orders Tech Giants to Unbundle Financial ServicesWall Street Journal

Geopolitics & trade

U.S. says China has fallen short on 'Phase 1' intellectual property commitmentsReuters

Industries & companies

Consumer:Clorox weighs product price increases to counter inflationary costsCNBC
Consumer discretionary:Amazon Prime Day 2021: Why it's being held earlier in the summerCNBC
Hotels:Loews Hotels CEO optimistic group events will return to complete Covid recoveryCNBC
Retail:Macy's store employees score victory in challenging self-checkoutCNBC
Tech:EU Charges Apple With App Store Antitrust Violations in Spotify CaseWall Street Journal
Theme parks:Disneyland reopening celebrated with custom Mickey ears and masksCNBC

Virus

Biden Bans Travel From India as Coronavirus Cases SurgeBloomberg
Is Covid-19 Fading From Our Lives? Consumer App Use Provides CluesWall Street Journal
The Covid-19 Vaccine Club: How the World’s Biggest Producers Depend on Each OtherWall Street Journal

Offbeat

BlackRock Starts to Use Voting Power More AggressivelyWall Street Journal
Elon Musk’s War on RegulatorsWall Street Journal