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What I Am Reading

Wednesday, April 13, 2022

Markets

Stocks End Lower as Inflation AcceleratesWall Street Journal
Global stocks pare gains, bond yields slip on inflation dataReuters

Energy

Biden to Allow More Ethanol in Gas This Summer in Bid to Lower PricesWall Street Journal

Central banks

Fed’s Best Path Is to Hike Rates to Neutral Rapidly, Barkin SaysBloomberg

US

U.S. Inflation Accelerated to 8.5% in March, Hitting Four-Decade HighWall Street Journal
Consumer prices rose 8.5% in March, slightly hotter than expected and the highest since 1981CNBC
Federal Budget Deficit Narrowed 71% in March From Year EarlierWall Street Journal

China

Chinese Stockpile Food as Covid-19 Concerns Ripple Out From ShanghaiWall Street Journal

Geopolitics & trade

Industries & companies

Consumer:Baby-Formula Shortage Prompts Rationing at Target, Kroger, Walgreens and CVSWall Street Journal
Financials:U.S. Banks’ Pandemic Hot Streak Is Coming to an EndWall Street Journal
Media:CNN+ struggles to lure viewers, drawing under 10,000 daily usersCNBC

Beyond markets

How Tech Companies Are Trying to Woo Employees Returning to WorkNew York Times
California considers a 32-hour workweek for larger companiesCNBC
Children as Young as 8 Should Be Screened for Anxiety, Experts RecommendWall Street Journal