wiar 01-20-18

Mary FanslauWhat I Am Reading

Jan 20 (Saturday)

Markets
More than half of S&P 500 stocks are up 20% or more since Trump took office (MW)
One Chart Shows How Crucial U.S. Tax Reform Has Been for Stocks (B)
Can We Be Brutally Honest About Investment Returns? (W)

Oil
U.S. Oil Output Set to Surpass Saudi Arabia, Rivaling Russia (W)
Speculation Grows That OPEC Will End Cuts Early as Prices Rise (B)

Central banks
Fed’s Williams says three rate hikes ‘good starting point’ (R)
White House Considering San Francisco Fed’s Williams for Fed Vice Chairman (W)
Fed’s Quarles Draws Regulatory Road Map to Ease Bank Rules (B)

US
Consumer Sentiment Slides for Third-Straight Month (W)
U.S. Manufacturing Is Primed for Another Year of Growth (B)
How a Labor Stronghold Could Soon Take a Hit (W)
Less-Educated Workers See Biggest Weekly Pay Bumps (W)

Emerging
China’s Robust Growth to Face Pressure in 2018 (W)
India’s Challenge: So Many Young People, So Few Good Jobs (W)

US tax reform
The Case for an M&A Binge as Companies Reap Their Tax Windfall (B)
Why many companies are giving bonuses — not raises — after the new tax cuts (WP)
Why Some Small-Business Owners Will Miss Out on a Big Tax Break (W)
Tax Law Erodes Historic Building Credit, Threatening Some Projects (W)

US politics
This is what happens during a US government shutdown (C)
Help Wanted? Maybe Not, With Visa Rules Under Review (W)

Geopolitics & cybersecurity
US says China WTO membership was a mistake (FT)
New Type of Cyberattack Targets Factory Safety Systems (W)

Industries & companies
Consumer: Coca-Cola, Criticized for Plastic Bottles, Sets Recycling Goals (W)
FAANGs: Is Amazon Prime still worth it after monthly price hike? (MW)
FAANGs: Apple’s Big Cash Winners: Shareholders (W)
FAANGs: Facebook to prioritize ‘trustworthy’ news sources (R)
Health Care: How Hospitals’ Woes Are Making Health Lines Blur (W)
Industrials: GE’s Credit Risk Rises After Insurance Charge Spooks Investors (B)
Media: Advertising’s ‘Mad Men’ Bristle at the Digital Revolution (W)
Tech: IBM Revenue Grows for the First Time Since 2012 (W)

Corporate finance
ADT Shares Fall Below IPO Price in Trading Debut (W)
ADM Has Made Takeover Approach to Bunge Ltd. (W)
Google and China’s Tencent Find Being Friends Has Benefits (W)

Cryptocurrency
Bitcoin’s drop underlines a major fear: fraud in the cryptocurrency market (MW)
SEC Pours Cold Water on Prospect of Bitcoin ETFs (W)