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What I Am Reading

Wednesday, September 29, 2021

Markets

Higher rates and Washington dysfunction are combining to push the market lowerCNBC
Stocks Drop as Bond Yields Hit Three-Month HighWall Street Journal
Oil Hits Three-Year High as Natural-Gas Crunch Spills Into Crude MarketWall Street Journal
Commodity Price Surge Deals Stagflationary Blow to World EconomyBloomberg

Central banks

Sen. Warren calls Fed Chair Powell a 'dangerous man,' says she will oppose his renominationCNBC
Fed's Powell faces heated questions on trading, regulation and diversityReuters

US I

U.S. consumer confidence hits seven-month low as near-term economic outlook dimsReuters
Home-Price Growth Hit Record in JulyWall Street Journal
The Economy Looks Solid. But These Are the Big Risks Ahead.New York Times

US II

US III

Why Biden says his plan costs 'nothing' (and why he's right)MSNBC
CEOs worried about corporate tax hikes as Dems push bills aimed at boosting working familiesCNBC
Entitlements for the AffluentWall Street Journal
David Frum: How Democrats Could Trigger a Trump ComebackThe Atlantic

Europe

With Germany Sidelined, EU Must Wait on Big ChallengesWall Street Journal

China

Evergrande’s Struggles Offer a Glimpse of China’s New Financial FutureNew York Times
China Power Outages Close Factories and Threaten GrowthNew York Times

Geopolitics & trade

Afghan army collapse 'took us all by surprise,' U.S. defense secretary saysReuters

Industries & companies

Autos:Ford Fortifies EV Bet With Four New Factories in Tennessee and KentuckyWall Street Journal
Consumer:Amazon event 2021 live updates: Astro home robot and more announcedCNBC
Communication services:Facebook’s Effort to Attract Preteens Goes Beyond Instagram Kids, Documents ShowWall Street Journal

Corporate finance

Bank Mergers Are On Track to Hit Their Highest Level Since the Financial CrisisWall Street Journal

Big tech & misinformation

Eric Schmidt: AI Could Worsen Our Misinformation ProblemThe Atlantic
How Covid Misinformation Created a Run on IvermectinNew York Times
The bipartisan reason Congress should regulate big techTheHill
Big Tech Companies Amass Property Holdings During Covid-19 PandemicWall Street Journal

Virus

Pfizer submits data for COVID-19 vaccine use in younger kidsReuters

Beyond markets

Federal Judges With Financial ConflictsWall Street Journal