What I Am Reading
Saturday, May 13, 2023
Markets
- Stocks Fall as Banking, Inflation Concerns LingerWall Street Journal
- US equity funds see massive outflows on debt ceiling worriesReuters
- The Fed’s Iron-Grip Over Wall Street Trading Is Finally EasingBloomberg
- The Debt Ceiling Impasse Raises the Risks for ‘Risk-Free’ U.S. BondsNew York Times
- Popular China Stock Trade Runs Into Geopolitical, Growth RisksBloomberg
Central banks
US
- US consumer sentiment plummets to six-month low on debt ceiling debacleReuters
- U.S. can avoid default in July if it gets cash in June: CBOCNBC
- Debt-Ceiling Talks Continue as Report Warns of Possible June DefaultWall Street Journal
- DeSantis allies could shift millions for presidential bidCNBC
- U.S. to make tech hubs in middle America with $500 million investmentCNBC
China
Geopolitics & trade
- ‘De-Americanize’: How China Is Remaking Its Chip BusinessNew York Times
- Exclusive: G7 summit statement to target China's 'economic coercion'Reuters
- The U.S. and China Are Finally Talking Again, but Mistrust Clouds Next StepsWall Street Journal
- Europe Presses White House to Address Iran’s Growing Nuclear ProgramWall Street Journal
Industries & companies
- Autos:Tesla to Fix Brake Software in More Than 1.1 Million Cars in ChinaWall Street Journal
- Autos:Soros Slashed Rivian Stake After 90% Drop From Peak, Exits TeslaBloomberg
- Banks:US Bank Lending Retreated During Week of First Republic (FRC) FailureBloomberg
- Energy:Natural Gas Drilling Collapses in US at Fastest Rate in Seven YearsBloomberg
- Media:Elon Musk confirms Twitter CEO hire: Linda YaccarinoCNBC
- Media:The TV Ad Market Was Already Looking Bleak. Then the Writers’ Strike Happened.Wall Street Journal
- Pharma:Alzheimer's disease: Leqembi could cost Medicare $5 billion per yearCNBC
- Retail:Nordstrom JWN looks to Nordstrom Rack for growthCNBC