wiar 01-12-18

Mary FanslauWhat I Am Reading

Jan 12 (Friday)

Markets
Shares Are Overpriced, but Bonds May Be Worse (W)
Are You Missing Out on the Great Market Melt-Up? (W)

Central banks
Fed’s Dudley says tax cuts lift prospect of rate rise (FT)
ECB Minutes Signal Pivot on Stimulus, Sending Euro Higher (W)

Emerging
Blow for Temer as S&P cuts Brazil credit rating (FT)
Jawboning the Won: Decoding Comments by Korean Policy Makers (B)
Taiwan Stocks’ Bull Run Seen Coming to a Halt as Rates Rise (B)

US
Take-Home Pay Is Set to Increase (W)
Business-Level Inflation Falls Unexpectedly (W)

US politics
White House Rejects Senate Immigration Proposal, Seeks Changes (B)

US tax reform
Wal-Mart Raises Its Minimum Wage, Plans Bonuses After Tax Overhaul (W)
Fiat Chrysler to Invest $1 Billion, Pay Bonuses on U.S. Tax Cut (B)
Delta confirms $800m boost from US tax reforms (FT)
Corporations may dodge billions in U.S. taxes through new loophole: experts (BI)

Geopolitics
Trump Signals Openness to North Korea Diplomacy (W)

Industries & companies
Autos: Fiat Chrysler to Move Some Truck Production to Michigan (W)
FAANGs: Inside Amazon’s Quest for Global Domination (W)
FAANGs: Apple’s mountain of cash is about to get even bigger — here’s how it could use it (BI)
FAANGs: Facebook Considers Prioritizing Trustworthy News Sources in Feed (W)
Media: U.S. Case Against AT&T Sets Up Court Fight Over Future of TV (W)
Retail: Walmart’s closure of 63 Sam’s Club stores shows what the company is willing to do to take on Amazon (BI)
Tech: Intel Fumbles Its Patch for Chip Flaw (W)

Corporate finance
Nomura Sees Strong Year in M&A, Fueled by Equity Finance (B)
Qualcomm Set to Win European Approval for $39 Billion NXP Buy (W)
Dropbox Files for IPO Three Years After $10 Billion Private Valuation (W)

Technology
Your Robot Pal Is On Its Way (W)

Cryptocurrencies
Bitcoin Mining Fees Surge After Chinese Officials Clamp Down (B)
Bitcoin Plunges as South Korea Crafts Crypto Crackdown (W)
Surging China Stocks Downplay Blockchain Links Amid Crackdown (B)
How Blockchain is transforming the energy industry

Offbeat
Here’s another bullish indicator on the state of the global economy (BI)
An Alleged Theft of a Billion-Dollar Fund Grips ETF World (W)