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What I Am Reading

Wednesday, November 24, 2021

Markets

S&P 500 Hangs Onto Gains While Bond Yields RiseWall Street Journal
Dow climbs nearly 200 points but Nasdaq falls again as rising rates divide the marketCNBC
U.S. Joins With China, Other Nations in Tapping Oil ReservesWall Street Journal

Global

Strong Demand, Continued Shortages Push Up Prices in U.S. and EuropeWall Street Journal
California’s Busiest Port is Straining the Global Supply Chain, Causing DelaysBloomberg

Central banks

How Will Fed Regulate Wall Street? Biden’s Central Bank Picks Leave Question UnansweredWall Street Journal
Opinion | Powell Needs to Cool the Economy Now to Avoid Recession LaterNew York Times

US

Taxes: Biden Bill Has Cut for Mere Millionaires, Hike for Mega RichBloomberg

China

China Finds 12 Million Children as Birth Rate Plunges to Record LowBloomberg

Industries & companies

Autos:Tesla Texas 'Gigafactory' will cost at least $1.06 billion: filingsCNBC
Retail:Walgreens, Walmart and CVS Pharmacies Contributed to Opioid Epidemic, Ohio Jury FindsWall Street Journal
Retail:Mall Brands Gap (GPS), Nordstrom (JWN) Tumble After Earnings ReportsBloomberg
Tech:Dell Earnings Report: PC Revenue Sets Company RecordBloomberg
Tech:HP stock jumps after earnings beat, CEO says return to office driving PC demandCNBC

Virus