wiar 5-31-17

Mary FanslauWhat I Am Reading

May 31 (Wednesday)

Markets
U.S. Stocks Pull Back as Energy Shares Decline (W)
Trump Trade Is Dead; Long Live the Trump Trade, Says Citigroup (B)
Investors Go All-In on Tech Giants (B)
Larry Fink Says Europe Has Brighter Economic Outlook Than U.S. (B)
Skepticism Mounts on Junk Bonds (W)

Oil
Once Costly Deep-Sea Oil Turns Cheap, to OPEC’s Dismay (B)
The Oil Play That Could Flood the Natural-Gas Market (W)

Central banks
Fed Likely to Raise Rates in June, Spell Out Asset-Sale Plan (W)
Fed’s Brainard Says Soft Inflation May Warrant Rate Rethink (B) | Speech
Injunction Request Aims to Stop German Role in ECB’s Bond Buying (W)

US
U.S. Consumer Spending Rose 0.4% in April (W)
U.S. Consumer Confidence Eases on Economic, Jobs Expectations (B)
Another Warning Sign Flashes for Subprime Auto Loans (B)
A Comeback in Coal Country (W)
More Women Join Workforce, but Will Trend Continue? (W)

Europe
Eurozone Business Optimism Wanes Despite French Rally (W)

China
Fitting Into Beijing’s New World Order (W)
Southeast Asia Finds China Love as Xi Pushes ‘One Belt, One Road’ Dream (B)

US politics
Trump Wants Senate Rules Changed to Speed Up Health-Care, Tax Legislation (W)
GOP Bid to Rewrite Tax Code Stalls Over How to Offset Cuts (W)
Health Groups Split Over Helping GOP Overhaul Bill (W)

Geopolitics & terrorism
Macron, Putin Hold Tense First Meeting (W)
Missile Defense Test Succeeds Amid North Korea Threat, U.S. Says (B)
Trump’s European Misadventure (B)
World Bank helps Trump on US infrastructure plans (FT)

Cybersecurity
Suspected North Korean Hackers Try New Tactic (W)
China’s cyber security law rattles multinationals (FT)

Industries & companies
Autos: Daimler Vows to Buy More American Parts for Alabama Plant (W)
Energy: Plans to Close Three Mile Island Highlight Struggles of Nuclear Power (W)
Financials: The $50 Billion Question: What Makes a Bank Big? (W)
Financials: Goldman Sachs Under Fire After Buying Venezuela Bonds (W)
Retail: Kicking the Tires on the Rundown Retail Sector (W)
Tech: Amazon ascent to $1,000 highlights tech stock surge (FT)
Tech: Uber Fires Executive at Center of Driverless Car Legal Fight (B)

Offbeat
Cohen’s Hedge-Fund Comeback Shoots for Record Target: $20 Billion (W)
Going Out for Lunch Is a Dying Tradition (W)