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What I Am Reading

Thursday, February 9, 2023

Markets

The Dow Industrials Are Sitting Out the Stock Market’s Wild RideWall Street Journal

Central banks

Used-Car Market in US: Surprise Price Jump Adds to Fed’s Inflation WorriesBloomberg

US

New White House Wage Data Show Slowing Pressure on ‘Supercore’ InflationWall Street Journal
Some $191 Billion in Pandemic Payments May Have Been Improper, Labor Inspector General SaysWall Street Journal
Manhattan rents hit record high in JanuaryCNBC

Industries & companies

Airlines:Southwest Airlines Executive to Tell Congress ‘We Messed Up’ in Holiday MeltdownWall Street Journal
Financials:The Atlanta Billionaire Behind Goldman’s Latest Consumer-Lending PushWall Street Journal
Media:Disney Plans to Cut 7,000 Jobs, $5.5 Billion in CostsWall Street Journal

Corporate finance

Pfizer, Novartis, Merck Executives Say They Are Hunting for Deals AgainWall Street Journal

Geopolitics & trade

Spy balloon confirms 'pattern of Chinese behavior' that poses threat to NATO members, Stoltenberg saysCNBC
U.S.-China Tensions Are High. So Is Commerce Between the Nations.Wall Street Journal
Senate Republicans Demand Answers on Handling of Suspected Chinese Spy BalloonWall Street Journal

Technology

How dangerous is AI? Regulate it before it’s too lateThe Hill

Beyond markets

Awful Stock Market Analysts, Wall Street Economists Are Costing Investors Moneyampproject.org
The CDC grossly exaggerated the evidence for mask mandatesNY Post
Rarely Has It Been So Easy To Be A Star At WorkWall Street Journal