wiar 11-30-17

Mary FanslauWhat I Am Reading

Nov 30 (Thursday)

Markets
Selloff Wednesday Pauses Tech-Stock Surge (W)
Tech Moguls Lost $7.6 Billion in Today’s Wipeout (B)
Goldman Warns That Market Valuations Are at Their Highest Since 1900 (B)
Anticipation Is High for Continued OPEC Cuts (W)

Central banks
Dudley Says Fed Has Started Thinking About Official Digital Currency (W)
Yellen Says Fed Will Continue Path of Gradual Rate Increases (W) | Testimony
There’s a huge difference between Janet Yellen and Trump’s pick to succeed her (BI)
Marvin Goodfriend Is Nominated to Be a Fed Governor (B)
ECB bond buying changes universe of top tier debt (FT)

US
U.S. Economy at Full Potential for First Time in a Decade (W)
More U.S. Workers Say They’re Struggling (W)
American Farm Towns, With Changing Priorities, Reject Industrial Agriculture (W)
McKinsey: Jobs Lost, Jobs Gained: Workforce Transitions in a Time of Automation

US politics
Corporate Tax Rate in Flux as Senate Nears Initial Vote (W)
Tax-Bill Foes Find Rich Target in Trump (W)
AT&T CEO, Among Trump’s ‘Defenders,’ Felt Blindsided by DOJ Suit (B)

Industries & companies
Autos: Will Tesla Die for Lack of Cobalt? (W)
FANGs: FANG’s $60 Billion Wipeout Is Most in One Day Since Facebook IPO (B)
Financials: Wells Fargo Faces New Wrath Over Auto, Lending Units (W)
Media: Lauer’s Exit Leaves NBC’s $500 Million Franchise in Crisis (W)
Pharma: HHS Nominee Says He Has Prescription to Lower Drug Costs (W)
Tech: Uber’s very bad year has gotten worse (BI)

Corporate finance
S&P warns China’s HNA over ‘aggressive’ financing (FT)
Siemens’ unit to be Germany’s largest IPO since 1996 (FT)

Cryptocurrency
Bitcoin Mania Interrupted, for Now, After Outage Triggers Selloff (B)
Small Investors Latch On for Bitcoin’s Wild Ride (W)
This Is What Could Pop the Bitcoin Bubble (B)
Goldman Says the Bitcoin Haters Just Don’t Get It (B)
What Is Bitcoin? Not What You Think (W)

Offbeat
Pulling Iron From Brain May Offer Hope in Alzheimer’s Fight (B)
Porsche Introduces the World’s Most Powerful Luxury Sedan (B)