What I Am Reading
Wednesday, October 4, 2023
Markets
- Investors Eye Profit Rebound After Yearlong Earnings RecessionBloomberg
- Treasury yields retreat from 16-year highs after weaker-than-expected ADP jobs reportCNBC
- World's biggest bond markets hit by relentless sellingReuters
- Bond Selloff Threatens Hopes for Economy’s Soft LandingWall Street Journal
- Bond yields could race through 5%, market forecaster Jim Bianco warnsCNBC
- Emerging Market Bond Yields Are Sending a Worrying SignalBloomberg
- Oil falls over $1 on demand fears, Saudi confirms cuts to year-endReuters
- The World’s Dollar Addiction Is Hard to KickWall Street Journal
US
- Mortgage demand falls to lowest level since 1996CNBC
- US 30-Year Mortgage Rate Tops 7.5% for First Time Since 2000Bloomberg
- Private payrolls rose 89,000 in September, much fewer than expected, ADP saysCNBC
- Predictable disasters: Big-spender states offer fewer benefits than their more prudent peersWashington Times
- What Happens Next in the House Speaker RaceWall Street Journal
Japan
Geopolitics & trade
Industries & companies
- Consumer Discretionary:Temu, Called the Next Amazon Killer, Is Really Just a Dollar Store KillerBloomberg
- Health Care:Health care workers strike at Kaiser PermanenteCNBC
- Logistics:Uber will now pick up your UPS, FedEx and USPS packagesCNBC
- Pharma:Moderna combination Covid, flu vaccine shows positive dataCNBC
Corporate finance
Climate
- Homeowners Flock to Last-Resort Insurance PoliciesWall Street Journal
Artificial Intelligence
- SoftBank’s Son Says Artificial General Intelligence Will Soon Surpass HumansWall Street Journal