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What I Am Reading

Tuesday, July 6, 2021

Markets

Oil prices jump to multiyear highs after OPEC+ talks yield no production dealCNBC
Retail Investors Power the Trading Wave With Record Cash InflowsWall Street Journal

US I

U.S. Added 850,000 Jobs in June Labor ReboundWall Street Journal
Pandemic Wave of Automation May Be Bad News for WorkersNew York Times
Lower-Wage Workers See Biggest Gains From Easing of Covid-19 PandemicWall Street Journal

US II

Wages are rising, and that's going to have to continue to get people back to workCNBC
Higher Inflation Ahead? Maybe. But Don’t Even Try to Predict It.New York Times
U.S. Trade Deficit Widened in May as Economic Rebound Fueled Demand for ImportsWall Street Journal
The real risk to America’s democracyEconomist

Europe

China

Japan

Japan's May household spending growth slows from previous monthReuters

OPEC+

Geopolitics & trade

European Business Leaders Want a Stronger Hand With China, Not DecouplingWall Street Journal
The Tech Cold War’s ‘Most Complicated Machine’ That’s Out of China’s ReachNew York Times

Industries & companies

Corporate finance

Chinese Regulators Suggested Didi Delay Its U.S. IPOWall Street Journal
Newport Wafer Fab acquired by Chinese-owned NexperiaCNBC

Cybersecurity

China opens cybersecurity probe into Full Truck Alliance, Boss ZhipinCNBC
Hundreds of Businesses, From Sweden to U.S., Affected by CyberattackNew York Times
Ransomware Hackers Demand $70 Million to Unlock Computers in Widespread AttackWall Street Journal

Virus

Deaths, Hospitalizations Surge as Delta Variant Deals Blow to Poor CountriesWall Street Journal

Beyond markets

What if biohackers injected themselves with mRNA?Economist