wiar 01-10-18

Mary FanslauWhat I Am Reading

Jan 10 (Wednesday)

Markets
S&P 500 Ends Again at New High, Best Start Since 1964 (W)
Optimistic Investors Send 10-Year Treasury Yield Above 2.5% (W)
Euro’s Surge Against Dollar Defies Market’s Gravitational Pull (W)

Global
The Global Economy’s Output Gap Has Closed (W)
Global economic growth has peaked, says World Bank (FT)

Central banks
Fed Officials Encourage Reassessment of Inflation Target (W)
Swiss Central Bank Made More Than Apple Last Year (W)

US
A Tight Labor Market Should Prompt Job-Hopping. It’s Not (W)

Europe
Blow to Mifid II as regulator halts trading shake-up (FT)
EU Could Deploy Spending Threats in Fight With Poland (W)

Emerging
China’s Strategy to Psych Out the West Is Paying Off (W)
Macron targets deals during China state visit (FT)
Mexican Inflation Ended 2017 at Highest Level in 17 Years (W)

Industries & companies
Autos: New rechargeable batteries that use iron instead of cobalt could be a game changer for electric cars (BI)
Shipping: Air-Cargo Space Is Tight as Even Dog Food Is in an ASAP Rush (W)
Tech: AMD Hits a Snag Over Patch for Chip Flaw (W)
Tech: Chip Stocks Set to Break Their 2018 Winning Streak (B)
Tech: Akamai Is Working With Morgan Stanley on Strategic Review (B)

Corporate finance
Penguin Random House Acquires Rodale Books (W)

Cryptocurrency
Kodak Surges After Announcing Plans to Launch Cryptocurrency Called (B)
Jamie Dimon: I ‘Regret’ Calling Bitcoin a Fraud (W)
A factor driving bitcoin’s rally could be that people think owning it gives them social status (BI)