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What I Am Reading

Thursday, August 1, 2024

Markets

S&P 500, Nasdaq boosted by chip rally, Fed rate cut signalsReuters
Stocks Rally on Fed Cut HopesBloomberg
Extraordinary rally rips through all marketsReuters

Commodities

Lithium giant Albemarle halts Australia plant expansion, reviews costs on weak lithium pricesCNBC

Central banks

Fed recap: Chair Powell gives September rate cut signal traders were hoping forCNBC
It’s not the end of the world if the Fed doesn’t cut ratesCNN Business
Bank of Japan Raises Interest Rates, Driving Up YenWall Street Journal
Bank of England close to cutting rates from 16-year highReuters

Europe

Eurozone Inflation Picks Up Pace in Blow to Rate-Cut HopesWall Street Journal
Germany’s Joblessness Holds Steady in Rare Hope for EconomyWall Street Journal

China

China PMIs Signal Continued Softness in Manufacturing, Slowdown in ServicesWall Street Journal

US politics

Kamala Harris’s China Record Contrasts with Trump Focus on TradeWall Street Journal
As JD Vance Takes Heat, Trump Fans Rally to His SideWall Street Journal

Geopolitics & trade

Industries & companies

Aerospace:Boeing’s New Pilot Has the Turnaround Job of the DecadeWall Street Journal
Airlines:Delta CEO Says CrowdStrike Tech Outage Cost It $500 MillionWall Street Journal

Artificial Intelligence

Meta Earnings: AI Costs Surge for the Facebook and Instagram Parent as Digital Advertising Revenue GrowsWall Street Journal

Corporate finance

Bill Ackman Pulls Pershing Square USA IPO After Shrinking Its SizeWall Street Journal

Beyond markets

Do we really need shared physical offices to collaborate at work?The Hill
Temu Suppliers Protest in China, Saying Low-Cost Site Squeezes ThemWall Street Journal