What I Am Reading
Tuesday, May 9, 2023
Markets
Central banks
- Fed Flags Credit Tightening and Financial Stress Concerns in ReportBloomberg
- Powell’s Recession Forecast Overlooks Credit Crunch, DC Standoff, Bad WeatherBloomberg
- Jerome Powell’s sappy talk on banks is weak after multiple collapsesNY Post
- US Debt-Ceiling Showdown Clouding Fed Economic Outlook, Goolsbee SaysBloomberg
- US Flights, Hotels, Auto Industry Raise Prices, Testing Fed’s Inflation FightBloomberg
- Why On Earth Would You Fight ‘Inflation’ With Higher Interest Rates?FOX
- Understanding the Recent Behavior of InflationSt. Louis Fed
US
- America’s Factory Boom Drives Sales Surge for Excavators, Steel and TrucksWall Street Journal
- Factories Stutter in Renewed Weakness on Bloomberg Trade Tracker
- Column: Recession or not, US economy is losing momentumReuters
- Yellen is calling CEOs personally to warn on US debt ceiling, sources sayReuters
- Eviction Bans Remain in California More Than 3 Years Into the PandemicWall Street Journal
- NYC hasn't 'failed' yet like San Francisco--but it's at riskNY Post
- What Record Office Vacancies Mean for New York City’s EconomyNew York Times
- ‘Over Our Dead Bodies’: Backlash Builds Against $3 Trillion Clean-Energy PushWall Street Journal
Geopolitics & trade
- Yellen and Sullivan Speeches Likely Won’t Assuage US-China TensionsBloomberg
- Chinese Foreign Minister Scolds U.S. Envoy Over TaiwanWall Street Journal
- China Signals Spying Fears Amid Probe of Consulting FirmsWall Street Journal
- EU Targets Eight Chinese Companies in Russia Sanctions PushWall Street Journal
Industries & companies
- Aerospace:Ryanair close to placing major Boeing order -sourcesReuters
- Airlines:Biden Says Administration Will Propose Airline Rule to Compensate Passengers for Delays, CancellationsWall Street Journal
- Regional Bank Stocks: Retail Traders Buy Into Volatility For Quick GainsBloomberg
- Financials:Banks tighten credit terms, see loan demand drop, Fed survey showsReuters
- Pharma:Something Congress Might Agree On: Tackling Drug CostsWall Street Journal
Corporate finance
- Baxter Selling Biopharma-Solutions Arm for $4.25 BillionWall Street Journal
- Big Oil Has $150 Billion in Cash and Investors Want a ShareWall Street Journal