What I Am Reading
Wednesday, August 17, 2022
Markets
- Dow closes 200 points higher on Tuesday for fifth day of gains, buoyed by Walmart and Home DepotCNBC
- Stocks End Mostly Higher With Retail Earnings in FocusWall Street Journal
- Five Not-Quite-Impossible Things the Market BelievesWall Street Journal
- As Oil Falls Below $90, Where Do Prices Go From Here?New York Times
- Flush With Oil Profits, Saudi Arabia Pours $7.5 Billion Into U.S. Stocks From Amazon to MicrosoftWall Street Journal
Central banks
US politics
- US Inflation Reduction Act Is a Climate Bill by Another NameBloomberg
- Bill Gates, Joe Manchin, and How Biden's Inflation Reduction Act Almost FailedBloomberg
- Biden signs inflation act, hands pen to ManchinReuters
- Biden Signs $437B Tax-Climate Law In Win for Democrats Ahead of MidtermsBloomberg
- Biden signs Inflation Reduction Act into law, setting 15% minimum corporate tax rateCNBC
- Inflation Reduction Act to cap costs for Medicare patients on insulinCNBC
- Five Things That Biden’s Climate Bill Will Change for AutomakersBloomberg
US
- Homebuyers are backing out of more deals as recession fears lingerCNBC
- Home Building Fell Sharply in July as Costs IncreasedWall Street Journal
- Consumers Pay More for Less, Boosting Walmart and Home DepotWall Street Journal
- If the Job Market Is So Good, Why Is Gig Work Thriving?New York Times
- Opinion | Gen X Is Kind of, Sort of, Not Really the BossNew York Times
- Schools Are Looking in Unusual Places to Deal With Teacher ShortageWall Street Journal
- States Expand Sales-Tax Holidays as Americans Feel Price IncreasesWall Street Journal
Europe
- Heat Wave Intensifies Energy Crisis in EuropeWall Street Journal
- Germany to Keep Last Three Nuclear-Power Plants Running in Policy U-TurnWall Street Journal
Geopolitics & trade
- U.S. Approves Nearly All Tech Exports to China, Data ShowsWall Street Journal
Industries & companies
- Airlines:American Airlines agrees to purchase 20 supersonic jets - CNN
- Retail:Walmart.com drew higher-income shoppers looking to buy foodReuters
- Tech:Cloud hangs over U.S. chipmakers on worries data center growth could slowReuters
- Tech:Apple and Meta headsets could face a big challenge: Sticker shockCNBC
Corporate finance
- Why the 1 Percent Buyback Tax Doesn’t Scare InvestorsNew York Times