What I Am Reading
Wednesday, June 21, 2023
Markets
- Stock-Market Rally Costs Bears $120 BillionWall Street Journal
- S&P 500 ends lower, pausing rally with Powell testimony in viewReuters
- Wall Street Buys More T-Bills, Parks Less at FedWall Street Journal
Central banks
- China’s Central Bank Cuts Loan Prime RatesNew York Times
- China Cuts Borrowing Rates Again in Bid to Juice RecoveryWall Street Journal
- Today’s Rate Hikes Threaten to Push Up Tomorrow’s Housing CostsWall Street Journal
US
- New US home construction surges by most in 3 decades in MayReuters
- US Housing Starts Surged in May; Applications to Build Also RoseBloomberg
- It's official: Student loan payments will restart in OctoberCNBC
- Chris Christie battles Trump with big donors on his sideCNBC
- Hunter Biden to plead guilty to tax crimes, take gun charge dealCNBC
- Biden to meet with AI experts in San FranciscoCNBC
- IRS weighs guidance for employee retention tax creditCNBC
Europe
- EU Proposes $55 Billion Economic Support Package for Ukraine Over Four YearsWall Street Journal
Geopolitics & trade
- Modi heads to US to deepen ties, says no doubting India's position on UkraineReuters
- India’s Narendra Modi Sees Unprecedented Trust With U.S., Touts New Delhi’s Leadership RoleWall Street Journal
- Beijing Plans a New Training Facility in Cuba, Raising Prospect of Chinese Troops on America’s DoorstepWall Street Journal
Industries & companies
- Autos:Exclusive: Tesla standard: BTC Power joins move to add to EV chargersReuters
- Autos:Why Tesla’s Stock Rally Doesn’t Make Sense—in Eight ChartsWall Street Journal
- Consumer:Amazon HQ2 is not matching original hype. Economy is partly to blameCNBC
- Retail:One-Percenters Keep Shopping at the Dollar StoreWall Street Journal