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What I Am Reading

Thursday, May 6, 2021

Markets

Dow Industrials Rise to New HighWall Street Journal
Stock futures are flat after the Dow closed at a recordCNBC
Wall Street rises as megacap stocks bounce; Dow hits record highReuters
GameStop Frenzy, Archegos Meltdown May Prompt New SEC Rules, Chairman SaysWall Street Journal

Central banks

Clarida: the Fed is 'a long way from our goals' and tightening policyCNBC

US I

US II

White House Says Businesses Having to Hike Wages Is ‘Good Thing’Bloomberg
Some CEOs Suggest Dropping Degree Requirements in HiringWall Street Journal
McConnell Says ‘100%’ of His Focus Is on Blocking Biden AgendaWall Street Journal

Geopolitics & trade

U.S., China to assess Phase 1 deal soon, Biden trade chief saysReuters

Industries & companies

Autos:Car Companies’ Profits Have Outrun the Chip Shortage—but Not for LongWall Street Journal
Consumer Discretionary:Amazon CEO Bezos sells nearly $2 billion worth of Amazon stockCNBC
Communication Services:Google Adopts Hybrid Workweek, With 20% of Its Employees to Work RemotelyWall Street Journal
Communication Services:Facebook Oversight Board's Trump decision was Marbury v Madison momentCNBC
Fitness:Peloton stock sheds $4 billion in market cap over treadmill recallCNBC
Hotels:Hilton CEO: Business travel is back to about 50% of pre-Covid levelsCNBC

Virus