What I Am Reading
Thursday, May 1, 2025
Markets
- Dow and S&P 500 End Tumultuous April With Seventh-Straight Daily GainWall Street Journal
- Treasury yields are steady even as weak jobless claims raise stakes for Friday's jobs reportCNBC
- Bessent Says Two-Year Treasuries Signaling Fed Should CutBloomberg
- Yen slides as tariffs keep BOJ on hold, dollar steadyReuters
- Gold shows signs of consolidation as investment eases, but Trump loomsReuters
Central banks
- Bank of Japan Slashes Growth Forecast as Trade War HitsWall Street Journal
Tariffs
- US Senate rejects bill to rein in Trump tariffs as economy contractsReuters
- Chamber of Commerce asks Trump for tariff exclusionsCNBC
- US wants to start tariff talks with China, state media saysReuters
- Trump calls China 'chief-ripper-offer' on tradeCNBC
- After record import blow to U.S. GDP, beware export sucker punchReuters
US
- US Manufacturing Activity Shrinks by the Most Since NovemberBloomberg
- The Rush to Beat Tariffs Is Distorting the Economy. There’s More to Come.Wall Street Journal
- Forget GDP. It’s the Jobs Report That Matters.Wall Street Journal
- Weekly jobless claims surge to 241,000, more than expected, in latest sign of economic troubleCNBC
- Home Builders Are Piling on Discounts as They Struggle to Entice BuyersWall Street Journal
- RFK Jr., Trump Administration Bet $500 Million on Universal VaccinesWall Street Journal
China
- Beijing Doesn’t Want America to See Its Trade-War PainWall Street Journal
Industries & companies
- Autos:GM lowers 2025 guidance, citing up to $5 billion in tariff exposureCNBC
- Pharma:Eli Lilly CEO David Ricks discusses Trump pharmaceutical tariffsCNBC
- Pharma:CVS to boost access to weight loss drug Wegovy for Caremark patientsCNBC
- Tech:Big Tech's fortunes diverge as AI powers cloud, tariffs hit consumer electronicsReuters
Geopolitics & trade
Technology
Corporate finance
Beyond markets
- Penny Production Is Targeted in Bipartisan Senate BillWall Street Journal