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What I Am Reading

Wednesday, September 6, 2023

Markets

Wall St slips as Treasury yields rise, oil prices boost energy sectorReuters
Saudi Arabia to extend voluntary cut of 1 million barrels per day until the end of the yearCNBC
Column: Crude oil uncertainty paradoxically equals price stabilityReuters

Central banks

Opinion: The Fed's inflation fight will push the 10-year Treasury yield to 5%MarketWatch
Fed Governor Waller agrees the central bank can 'proceed carefully' on interest ratesCNBC

US

Mortgage rate tipping point: Homeowners say 5% is the magic numberCNBC
Congress returns with the clock ticking to avert government shutdownCNBC
Labor Is a Terrible Guide to Inflation, but Nobody Wants to Admit ItWall Street Journal
What’s Worse Than Record High Rent? Record High Rent, Plus Fees.Wall Street Journal

China

Russian and Saudi Oil-Production Cuts Flash Warning on Chinese EconomyWall Street Journal
China’s Country Garden Buys Time to Repay Debt—but Not LongWall Street Journal

Geopolitics & trade

Industries & companies

Autos:In EV Transition, German Carmakers Lag Behind Tesla and ChinaWall Street Journal
Financials:Analysis: US banks hold $3.3 trillion cash amid banking crisis, slowdown worriesReuters
Financials:How big banks won the banking crisisCNN Business
Manufacturing:Column: Prolonged US manufacturing slowdown barely dents energy useReuters
Media:Meta employees are back in office three days a weekCNBC

Corporate finance

Chip design firm Arm seeks up to $52 billion valuation in US IPOCNBC
Arm Targets $52 Billion Valuation in Largest IPO of the YearWall Street Journal

Climate

Investors Flock to Battery Recyclers in Hunt for Climate Law WinnersWall Street Journal