wiar 5-24-17

Mary FanslauWhat I Am Reading

May 24 (Wednesday)

Markets
US investors warm up to Europe but are not yet convinced (FT)
Why investors downplay US debt binge risks (FT)

Commodities & currencies
OPEC’s Worst Cheater Will Get Harder to Ignore as Curbs Falter (B)
White House wants to sell half of the US’ strategic petroleum reserves (BI)
Euro enjoys renaissance as investors pivot to continent (FT)
Euro retreats from 6-month high against dollar (FT)

Funds
Investors Just Pulled the Most Cash From Small Caps in a Decade (B)
Goldman Sachs says these 14 VIP stocks matter most to hedge funds (BI)
Japan Post Bank ramps up push into alternatives (P&I)
Stock investors are making a killing chasing smart money (BI)
Religious ETFs Are About to Hit the Bond Market (B)

Central banks
Investors keen to hear Federal Reserve balance sheet details (FT)
‘Still a Question Mark’ Around Full Employment, Fed’s Brainard Says (W)
How will Fed react to Trump’s pump priming? (Brookings)

US
U.S. New-Home Sales Fell More Than Expected in April (W)
America’s Cities Are Running Out of Room (B)
What we know and don’t know about declining labor force participation: A review (Brookings)
New analysis turns up surprise on long-term wage trends (Brookings)
Less-Educated Workers Face Erratic Schedules, Unpredictable Incomes (W)
Mall Troubles Threaten a Rite of Passage: The Teen Job (W)
Americans Are Taking More Paid Vacation Days (B)

Europe
Eurozone growth holds steady at six-year high in May (Markit)
Eurozone economic recovery gathers pace (FT)
IMF and eurozone explore cash lifeline for Greece (FT)

Emerging
India may be more populous than China, research suggests (FT)
Big Brother Comes for Foreign Firms in China (W)
How to Earn Millions in China’s App Economy (B)

US politics I
Donald Trump’s Balanced Budget Goal Rests on Questionable Math (W)
Trump, White House 2018 fiscal-year budget, Mick Mulvaney call (BI)
Trump’s 3% Growth Target Looks Out of Reach (W)
Trump’s $575 Billion Defense Budget Delays Promised Buildup (B)
Trump’s Budget Bites Deeply Into Programs Benefiting His Voters (B)
Trump’s Budget Seeks Fraction of U.S.-Mexico Border-Wall Cost (B)

US politics II
Mnuchin Says No Guarantee Tax Reform Won’t Benefit the Rich (B)
House GOP Tries to Keep Border-Adjusted Tax Alive (W)
Democrats Find Numbers Don’t Mean Much for Them in State Senate (W)
White House Seeks Delay in Suit Over Health Law Subsidies (W)
Jeff Sessions Defines ‘Sanctuary Cities’ Narrowly, Sidestepping Fight (W)
Former CIA Chief Brennan Says Russians Were in Contact With Trump Campaign Associates (W)

Industries & companies
Financials: Dwindling numbers in the financial industry (Brookings)
Materials: Glencore Makes Takeover Approach to U.S. Grain Trader Bunge (B)
Retail: AutoZone Joins Retailers Stifled by U.S. Tax Refund Delays (B)
Retail: The Future of Whole Foods Isn’t About Groceries (B)
Retail: Target to Pay $18.5 Million to Settle Massive 2013 Data Breach (W)
Tech: Google vs. Uber: How One Engineer Sparked a War (W)
Telecom: AT&T’s Vision of TV: ‘Game of Thrones’ in Mobile-Size Bites? (W)

Geopolitics & terrorism
China, EU and Canada Form Climate Pact as Trump Stands Alone (B)
Suicide Bomber Kills 22, Including Children, at Ariana Grande Concert in Manchester (W)
Security to Tighten in U.S. Cities After Manchester Bombing (W)

Technology
Alexa’s New Avatar: Financial Adviser (W)
Fidelity is allowing clients to see digital currencies on its website (BI)
Google’s Waymo could eventually be a $70 billion company (BI)
Ford is no longer a car company (BI)
Driverless cars inspire a new gold rush in California (FT)
Insurance: Where Humans Still Rule Over Machines (W)

Offbeat
Longest-Serving James Bond Star Roger Moore Dies at 89 (W)