wiar 6-16-17

Mary FanslauWhat I Am Reading

Jun 16 (Friday)

Markets
Nasdaq Composite on Track for Fourth Decline in Five Sessions (W)
FANG stocks rule the stock market right now. (BI)
The U.S. Stock Market Belongs to Bots (B)
Bond Strategists Ponder Fed Policy Error as Market Gauges Tumble (B)
Dollar extends post-Fed meeting rally (FT)
Bitcoin Is Experiencing Its Biggest Plunge in More Than Two Years (B)

Central banks
The Fed lays out its plan to unwind its massive $4.5 trillion balance sheet (BI)
Janet Yellen banks on an aggressively passive strategy (FT)
Investors wary of Fed’s newfound assertiveness (FT)
Tumbling US inflation expectations challenge the Fed (FT)
What’s Good for Consumers Is Creating Noise for the Fed (B)
Fed Forecasts at Odds With Trump Administration’s Growth Target (W)

US
U.S. Industrial Production Unchanged in May (W)
Decline in U.S. Factory Output Shows Manufacturing Leveling Off (B)
Weaker U.S. Homebuilder Sentiment Signals Optimism Easing (B)
Temperature of U.S. Economy Running Cooler Than Forecast (B)
Paying young Americans to learn the right skills (FT)

Europe
Merkel’s Re-Election Race Tightens in German Forecasting Model (B)
Greece and Creditors Reach Deal (W)
Macron heads for EU clash on foreign takeovers (FT)

US politics
Mueller Probe Examining If Trump Obstructed Justice (W)
Trump Signs Order Seeking to Expand Apprenticeship Programs (W)
Trump Attacks ‘Bad and Conflicted People’ Leading ’Witch Hunt’ (W)

Geopolitics
Berlin anger at US move to tighten Russia sanctions (FT)

Industries & companies
Energy: Solar Power Will Kill Coal Faster Than You Think (B)
Financials: Bank of America’s Profits Caught Between Fed and 10-Year Treasury (W)
Financials: If Trump Unlocks $2 Trillion at Banks, Here’s Who May Get It (B)
Food: Nestlé Exploring Sale of U.S. Candy Business (W)
Food: Hain Celestial Faces Deadline: Report Earnings or Be Delisted (W)
Retail: Kroger Shares Slide as Grocer Is Battered by Price Fight (W)
Tech: Why Short Sellers Hunger for Apple (W)
Tech: Facebook Boosts A.I. to Block Terrorist Propaganda (W)
Tech: The Top 25 Tech Companies to Watch (W)

Corporate finance
Dow-DuPont Wins U.S. Antitrust Nod to Create Chemicals Giant (B)
Snap Shares Bounce Back After Sinking to IPO Price (B)

Technology
Amazon Alexa: The Promise vs. the Reality of a Voice-Controlled Home (W)
China Makes Leap Toward ‘Unhackable’ Quantum Network (W)
U.S. Invests $258 Million in Supercomputing Race With China (W)

Offbeat
Trump Orders Government to Stop Work on Y2K Bug, 17 Years Later (B)
Jack Ma’s Libertarian Talk Approaches Red Line (B)