wiar 02-14-18

Mary FanslauWhat I Am Reading

Feb 14 (Wednesday)

Markets
Any Hint of Faster Inflation in Data Could Knock Markets All Over Again (B)
The ‘Goldilocks Market’ Is Over: Lessons From the Stock Selloff (B)
Goldman Strategist Abby Joseph Cohen Changes Bullish Tone (B)

Asset management
Active Funds Shone in Selloff, Just Like They Said They Would (B)
High-frequency traders are gift for stock pickers (FT)
Does Private Equity Really Beat the Stock Market? (W)

Currencies & commodities
Dollar weakens as equities adopt calmer tone (FT)
Shale Output Hasn’t Grown This Fast Since Oil Was at $100 (W)

Central banks
Powell Says Fed Alert to Any Developing Financial Risks (B)
Mester Says Fed Should Raise Rates in 2018 at Pace Similar to 2017 (W)
White House Considering Mester for Fed’s No. 2 Job (W)

US
Record Number of U.S. Small-Business Owners Say It’s a Good Time to Expand (B)
Consumers Maintain Optimistic Financial Outlook in 2018 (FRB-NY)
U.S. Household Debt up $193 Billion (W)
The Disappointing Recovery in U.S. Output after 2009 (FRB-SF)

Europe
German conservatives plan for life after Merkel (FT)

Emerging
What Happened to China’s Baby Bump? (B)
Dawn of the Eurasian century (CapX)

US politics
Blackstone, Private-Equity Firms May Sit Out Infrastructure Push (W)

Geopolitics
Trump Mulls Tariffs, Quotas on Foreign Steel (W)
US trade move against China snared in legal concerns (FT)
China Isn’t America’s Enemy, at Least Not Yet (B)
Britain to test China by sailing ship in disputed sea (FT)
In Shift, U.S. Signals Readiness to Talk With North Korea (W)

Industries & companies
FAANGs: Amazon’s Latest Ambition: To Be a Major Hospital Supplier (W)
FAANGs: Apple pours cold water on special dividends (FT)
Pharma: Drugmakers Funded Groups Promoting Opioid Use, Senator’s Report Says (W)
Restaurants: McDonald’s Bets That ‘Better Chicken’ Can Keep Growth Run Going (B)
Retail: Walmart to Trim Store Management Ranks (W)
Retail: Barnes & Noble Cuts Jobs Following Poor Holiday Season (W)

Technology
Inside Amazon’s Artificial Intelligence Flywheel (Wired)

Corporate finance
NXP Deal Is Likely Qualcomm’s Best Defense Against Broadcom
Walgreens Makes Takeover Approach to AmerisourceBergen (W)

Offbeat
Police Recommend Charging Netanyahu With Bribery, Fraud (W)