wiar 6-29-17

Mary FanslauWhat I Am Reading

Jun 29 (Thursday)

Markets
ETF Buyers Propel Stock Rally (W)
Eurozone IPOs signal growing investor confidence (FT)

Oil
Oil Prices Recover On Encouraging Inventory Data (W)
Suddenly the U.S. Is Exporting More Crude Than a Bunch of OPEC Members (B)

Credit
Global Bonds Gyrate as Investors Parse Central Bank Clues (W)
Illinois Is in a $6 Billion Budget Hole and Flirting With Junk (B)

Central banks
Federal Reserve releases results of Comprehensive Capital Analysis and Review (CCAR)
Draghi Tried to Be Cautious But Spooked the Market Anyway (B)

US
Silicon Valley Forges Ahead on Boosting Minimum Wage (W)

Europe
Brexit set to blow hole in EU budget, Brussels warns (FT)
Macron Outlines Plans to Overhaul France’s Labor Laws (W)
Italy demands EU nations share migrant burden (FT)
Sweden Squirrels Away Cash Ahead of Demographic Time Bomb (B)

Emerging
India’s New Tax System Sparks Strikes and Protests (W)

US politics
Business Groups Want Congress to Step Up Pace on Tax Overhaul (W)
Health Bill Draws Fiscal Fault Line Between Old, Poor (W)
Trump Attacks the ‘AmazonWashingtonPost’ Over Taxes (B)

Geopolitics, cybersecurity & terrorism
Mattis Says Trump’s Warning to Syria Deters Chemical Attack (W)
U.S. Sets New Air Security Measures in Place of Broad Laptop Ban (W)
FedEx’s TNT Unit ‘Significantly’ Affected by Cyberattack (B)
Cyber attack hunt focuses on initial Ukraine infection (FT)

Industries & companies
Consumer: Is Food Giant Nestlé Turning Away From Food? (W)
Financials: How Buffett’s Bank of America Bet Can Change After Stress-Test Results (W)
Retail: Has U.S. Built Its Last Big Mall? (W)
Retail: Nike Thought It Didn’t Need Amazon—Then the Ground Shifted (W)

Corporate finance
New AIG chief set to call time on $25bn buyback plan (FT)
Staples Nears Deal With Sycamore (W)
Blue Apron, Struggling to Woo Investors, Lowers IPO Price Range (W)

Technology
The Future According to Elon Musk (B)
China Is About to Bury Elon Musk in Batteries (B)

Offbeat
Americans Worked More, Slept Less Last Year (W)