wiar 6-28-17

Mary FanslauWhat I Am Reading

Jun 28 (Wednesday)

Markets
Nasdaq Slides as Tech Sector Remains Under Pressure (W)
Hedge Fund Activists See More Opportunities in Europe (W)
Oil at $35 Is Tipping Point for High-Yield, Deutsche Says (B)

Funds & exchanges
‘Untested’ ETF Market Worries Top Speed Trader in U.S. Equities (B)
There’s about to be a showdown between America’s biggest players in trading (BI)
New China Network Can Shave Milliseconds Off Trades to New York (B)
NYSE President Calls Short Sellers ‘Icky’ (B)

Central banks
U.S. stock market ‘running on fumes,’ Fed policymaker says (R) | Speech (Williams, FRB-SF)
Fed’s Fischer Warns Against Complacency Over Stability Risk (B)
Yellen: Globalization, Technological Change Have Been Harmful to Many (W)
Trade and Training (Harker, FRB-PHL)
Trump Administration Struggles to Find Community Banker for Fed Board (W)
ECB’s Draghi Hints at Possible Winding Down of Stimulus (W)

US
If You Think Stocks Are Dull, Look at the Economy (W)
Home-Price Growth Slows in April (W)
U.S. Consumer Confidence Unexpectedly Rises (B)
IMF Cuts U.S. Economy Forecast Amid Rising Policy Uncertainty (W)
Want a $1 Million Paycheck? Skip College and Go Work in a Lumberyard (B)

Europe
Scotland Delays Plan for Second Independence Referendum (W)

Emerging
MSCI Already Talking About Adding More Chinese Stocks (W)
Beijing’s Wariness of Market Forces Is Likely to Disappoint (W)
Hong Kong small-caps suffer $6bn crash (FT)
Chinese Premier Touts ‘Unimaginable Job Growth’ (W)
China puts a stop to electric-car gold rush (FT)

US politics
Senate Republicans Delay Vote on Health Bill Until After July 4 Recess (W)
Analysis finds Senate health bill will increase uninsured by 22m (FT)
Regulators back Trump on looser financial rules (FT)
Yellen rejects need for big regulatory rollback (FT)

Geopolitics & trade
Pentagon Sees Signs Syria Is Preparing Chemical Attack (W)
Trump looks to draw thicker red line in Syria (FT)
North Korea Compares Trump to Hitler (W)
Trump Administration Opens Marathon Nafta Hearings (W)
Massive Cyberattack Goes Global, Hits WPP, Rosneft, Maersk (B)

Industries & companies
FAAMGs: Google Slapped With $2.7 Billion EU Fine Over Search Results (W)
FAAMGs: Facebook Reaches 2 Billion Users, Now Wants to Build Friendships (B)
Financials: Deutsche Bank Faces Possible $60 Million Derivative Loss (B)
Financials: BlackRock makes technology deal in cash management business (R)
Financials: Visa is investing in Swedish fintech unicorn Klarna (BI)
Financials: Wells Fargo to Sell Commercial Insurance Ops (W)
Tech: IBM landed a big win in the race to sell blockchain to Wall Street (BI)
Tech: Jack Dorsey’s Square Inc. May Soon Loan You Money (W)
Telecom: Wireless Industry’s Long Wait for Good News (W)
Telecom: Sprint in Talks With Charter, Comcast (W)
Transportation: UPS Freezes Nonunion Pensions (W)

Corporate finance
Nestle Plans $21 Billion Share Buyback as Activist Loeb Digs In (B)
European utilities primed for consolidations (FT)

Offbeat
CNN Accepts Resignations of Three Involved in Retracted Story (B)
At Unilever, Resumes Are Out, Algorithms Are In (W)
A New Real Estate Play for Income Investors (W)