What I Am Reading
Wednesday, August 7, 2024
Markets I
- Dow closes nearly 300 points higher to snap three-day losing run in broad relief rallyCNBC
- Stocks Claw Back Losses After Global SelloffWall Street Journal
- Stock Markets Signal Recession Fears. Here’s the Economic Outlook.NYT
- S&P 500 Steady and Nikkei Rises as Stocks Rebound From Sell-OffNYT
- Now is the time to 'buy things on sale' in the stock market, advisor saysCNBC
Markets II
Central banks
- Markets are counting on the Fed to head off recession with sizeable interest rate cutsCNBC
- Goldman Sachs' (GS) Solomon Says Fed Will Forgo Emergency CutBloomberg
- Traders Are Starting to Cash In On Bets for Bigger Fed Rate CutsBloomberg
- RBA Stands Pat; Says Inflation Risks Still a WorryWall Street Journal
US
- Is the US economy heading for recession after stock market slump?BBC
- This Doesn’t Look Like Recession. Here’s How One Could Happen.Wall Street Journal
- Tight Job Market Delivered Widespread Rewards. They Are at Risk.Wall Street Journal
- New homes are getting smaller. That could be big news for first-time buyersCNN
US politics
China
- China Caixin PMI Signals Pickup in Services-Sector ActivityWall Street Journal
- China Evergrande Aims to Recover $6 Billion From Executives, OthersWall Street Journal
Europe
- Eurozone Retail Sales Mark Disappointing BackslideWall Street Journal
- German Manufacturing Orders Rise for First Time in 2024Wall Street Journal
Geopolitics & trade
- Why Israel Needs More Than Iron Dome to Thwart an Iranian AttackWall Street Journal
Industries & companies
- Airlines:Microsoft fires back at Delta after outage, says airline declined helpCNBC
- Media:Elon Musk’s X Sues Advertising Coalition Over ‘Massive’ BoycottWall Street Journal
- Media:Disney raises prices for Disney+, Hulu and ESPN+CNBC
Artificial Intelligence
- Struggling AI Startups Look for a Bailout from Big TechWall Street Journal
Crypto
- Saving crypto from DemocratsWashington Examiner