wiar 02-02-18

Mary FanslauWhat I Am Reading

Feb 02 (Friday)

Markets
Wall Street can’t stop sounding the alarm on a ‘double bubble’ in both stocks and bonds (BI)
US bond market sell-off deepens (FT)
Deutsche Bank Sees Contagion Risk Growing in Financial Markets (B)
Buoyant oil prices withstand near-record US production (FT)

Central banks
ECB’s Cœuré: we would push back if US starts currency war (FT)

US
U.S. Manufacturing Expands at Close to Quickest Pace Since 2004 (B)
Worker Productivity Slipped in Final Months of 2017 (W)

US politics
Republicans may reject a major proposal to pay for Trump’s $1.5 trillion infrastructure project (BI)
Trump Approves Releasing GOP Memo Alleging FBI Abuses (B)
Mnuchin Met With Many CEOs While Developing Tax Plan (W)

Industries & companies
Autos: Ford Joins Fiat Chrysler With Slow Start to the Year (B)
Energy: Shell Is Almost Back to the Profits of the Oil Boom (W)
Energy: Shell profits double despite $2bn US tax charge (FT)
FAANGs: Amazon’s Quarterly Profit Tops $1 Billion (W)
FAANGs: Apple Forecast Falls Short After iPhone Sales Miss Estimates (B)
FAANGs: Alphabet Revenue Rises as It Reports Loss Due to Tax Charge (W)
FAANGs: Google Weighs Unusual Bid With Giant Oil Firm Aramco to Rev Up the Saudi Tech Sector (W)
Financials: Big Banks Accused of Stifling Competition in Stock Lending (W)
Financials: Wall Street Faces Fed Stress Tests That Assume Another Meltdown (B)
Financials: Visa’s first-quarter profit rises 22 percent on higher volumes (R)
Industrials: How GE Went From American Icon to Astonishing Mess (B)
Logistics: UPS Plans to Ramp Up Spending After Holiday Season Delays (W)
Media: HBO joins Netflix in shattering subscription records (FT)
Tech: Microsoft and Amazon face challengers on edge of cloud (FT)

Corporate finance
Tesla Raises $546 Million in Its First Asset-Backed Securities Deal (W)
Airbnb CFO Departs Amid Tensions, Leaving IPO Timing Unclear (B)

Technology & cryptocurrency
The New Robot Revolution in Manufacturing (W)
Bitcoin Brawl: A New Twist In Tezos’s $232 Million Coin Offering (W)
Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability (B)

Offbeat
Social investing goals turn passive managers active (FT)