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What I Am Reading

Wednesday, October 19, 2022

Markets

Stocks Notch Second Day of GainsWall Street Journal
Biden to Sell More Oil From Strategic Reserve to Keep Gas Prices in CheckWall Street Journal

Central banks

Fed's Bostic: U.S. needs to work through labor market "shuffle and churn"Reuters
ECB set to warn of risks in its non-binding opinion on Spanish tax proposal, sources sayReuters

Energy

EU Seeks Power to Set Emergency Cap on Gas PricesWall Street Journal
French Protests Highlight Pressure on European Leaders From Energy CrisisWall Street Journal
Biden to lay out plan to complete emergency oil sales, support U.S. productionReuters
Fashion Industry Gets Torn by Europe’s Soaring Energy BillsWall Street Journal

US

Inflation Causes IRS to Raise Tax Brackets, Standard Deduction by 7%Wall Street Journal
Currency hit to N. American companies seen 'bad' after rough Q2 -reportReuters
Home Buyers Flock to Florida Cities Devastated by Hurricane IanWall Street Journal

China

Xi Jinping’s Ideological Ambition Challenges China’s Economic ProspectsWall Street Journal

Geopolitics & trade

Russian commander admits situation is 'tense' for his forces in UkraineReuters

Industries & companies

Rolls-Royce has over 300 orders for its $413,000 Spectre electric vehicleCNBC
Financials:Goldman Shuffle Aims to Reduce Reliance on M&AWall Street Journal
Materials:EXCLUSIVE Glencore delivers Russian-origin aluminum into LME system -sourcesReuters
Media:Netflix Gains 2.4 Million New Subscribers, Reversing TrendWall Street Journal