What I Am Reading
Tuesday, May 4, 2021
Markets
Central banks
- Powell Says Low-Income Lending Rules Should Apply to All Firms Offering Consumer CreditWall Street Journal
- Fed's Powell says economic recovery clouded by racial, education gapsReuters
- NY Fed's Williams says brighter outlook not enough to affect monetary policyReuters
- Fed’s Barkin sees higher inflation this year, but then a reversal in 2022CNBC
US I
US II
- Treasury Expects to Borrow $1.3 Trillion Over Second Half of Fiscal 2021Wall Street Journal
- Some couples may face a ‘marriage penalty’ under Biden’s tax planCNBC
- Wealthy may face up to 61% tax rate on inherited wealth under Biden planCNBC
- Yellen to shake up U.S. bank regulator with new appointment -sourcesReuters
Europe
- Bidenomics Takes Root in Europe’s Economically Fragile SouthWall Street Journal
- France Faces Labor Shortfall as Reopening NearsNew York Times
Industries & companies
- Autos:Auto Makers Retreat From 50 Years of ‘Just in Time’ ManufacturingWall Street Journal
- Financials:Berkshire Chooses Greg Abel as Warren Buffett’s Successor in CEO RoleWall Street Journal
- Retail:U.S. retailers scramble to crack the code on livestream shopping eventsCNBC
- Retail:Under Armour Paying $9 Million to Resolve SEC Accounting ProbeWall Street Journal
- Tech:Apple and ‘Fortnite’ Maker Epic Games Trade Arguments Over App StoreWall Street Journal
Corporate finance
- Verizon to Sell Yahoo, AOL for $5 Billion to ApolloWall Street Journal
Virus I
- ‘Humanitarian catastrophe’ in India puts global Covid fight at risk, doctor saysCNBC
- It’s Not Just India. New Virus Waves Deluge Developing CountriesBloomberg
- Reaching ‘Herd Immunity’ Is Unlikely in the U.S., Experts Now BelieveNew York Times
- New York, New Jersey Lift Covid-19 Capacity Limits on BusinessesWall Street Journal