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What I Am Reading

Thursday, June 17, 2021

Markets

U.S. Stocks Fall as Fed Signals Rate Increase by Late 2023Wall Street Journal
Oil Declines Below $72 a Barrel Following the Fed’s Hawkish TiltBloomberg
China to Release Metal Reserves in Effort to Tame Commodities RallyWall Street Journal

Central banks

US I

U.S. Housing Market Needs 5.5 Million More Units, Says New ReportWall Street Journal
Rising Housing Costs Leave Homebuyers StrugglingNew York Times
Exorbitant lumber, scarce materials hampering U.S. homebuildingReuters
Opinion: Too many Americans can't afford homes. But there is a solutionCNN

US II

China

Geopolitics & trade

Industries & companies

Airlines:Southwest Airlines Delays and Cancels Hundreds of Flights a Third DayNew York Times
Autos:GM expects inflation, semiconductor shortage to add $3 billion in extra costs in second halfCNBC
Consumer discretionary:Not Being Amazon Is a Selling Point for These E-Commerce PlayersWall Street Journal
Financials:Wall Street Banks Warn Their Trading Boom Is OverWall Street Journal
Restaurants:McDonald's CEO: Dine-in is here to stay despite online, drive-thru sales growthCNBC
Tech:Apple Struggles in Push to Make Healthcare Its Greatest LegacyWall Street Journal

Corporate finance

Virus

Covid Fades but Is Unlikely to VanishWall Street Journal
WHO says delta Covid variant has now spread to 80 countries and it keeps mutatingCNBC