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What I Am Reading

Tuesday, June 27, 2023

Markets

The Stock Market Isn’t as Calm as It SeemsWall Street Journal
Wall Street rebounds as upbeat economic data allays slowdown fearsReuters
Column: Global exchange copper stocks sink to 15-year lowsReuters

Central banks

ECB Likely to Hike Rates in July, Says LagardeWall Street Journal

US

Home prices rose for third straight month in April: S&P Case-ShillerCNBC
U.S. Home Prices Posted First Annual Decline Since 2012 in AprilWall Street Journal

China

Chinese Local Governments Used Fake Property Deals to Boost RevenuesWall Street Journal

Europe

France conducts maiden test of hypersonic gliderReuters

India

Column: India to extend time-of-use electricity tariffsReuters

Geopolitics & trade

Exclusive: Russian firm asks Venezuela to match Chevron oil-for-debt dealReuters
Russia Set to Overtake Saudi Arabia in Battle for China’s Oil MarketWall Street Journal
Russian Turmoil Shows a Forever War in Ukraine Hurts PutinWall Street Journal
Lawmakers visit Taiwan as Biden seeks China detenteCNBC

Industries & companies

Autos:Ford Plans to Lay Off at Least 1,000 Contract, Salaried WorkersWall Street Journal
Autos:Volvo adopts Tesla's EV charging standardCNBC
Pharma:The Drugs That Are Gaining On OzempicWall Street Journal

Corporate finance

Lordstown Motors RIDE files for bankruptcy, sues FoxconnCNBC
Sequoia Made a Fortune Investing in the U.S. and China. Then It Had to Pick One.Wall Street Journal

Technology

AI Promised to Make Jobs Easier. Workers Weren’t So Sure.Wall Street Journal
A.I. May Someday Work Medical Miracles. For Now, It Helps Do Paperwork.New York Times

Beyond markets

Magic Mushrooms. LSD. Ketamine. The Drugs That Power Silicon Valley.Wall Street Journal