wiar 02-28-18

Mary FanslauWhat I Am Reading

Feb 28 (Wednesday)

Markets
U.S. Stocks Sell Off After Powell Talks (W)
ETFs Weren’t to Blame for the Market Correction, Powell Says (B)
Dividends Climb, as Does Competition From Bond Yields (W)
Japanese Are Selling U.S. Bonds Over Budget, Dollar Fears (W)
Tax Reform Shakes Up the Muni Market Landscape (Morningstar)
Opinion: The market dogs that didn’t bark (MW)

Asset management
Investing in Index Funds Is No Longer Passive (B)
Fidelity’s Income Rises 54% Even as Active Outflows Persist (B)

Central banks
Powell Testimony Boosts Odds of Four Rate Rises in 2018 (W)
Here’s What We Learned From Powell’s First Fed Chair Testimony (B)
ECB’s Weidmann Signals Openness to Succeeding Draghi as President (W)

US
U.S. Consumer Confidence Reaches Highest Level Since 2000 (W)
U.S. Home Prices Continued to Rise at End of 2017 (W)
Construction Is Holding Back the Economy (B)
Warning Signs: A Theory of America on the Edge (W)

Europe
The Real Italian Job: Make the Economy More Productive (W)
Europe’s centre left has lost voters’ trust (FT)

China
Who Is ‘Uncle He’? The Man in Charge of China’s Economy (W)

US politics
Multistate Lawsuit Takes Aim at ‘Heart’ of Affordable Care Act (W)

Geopolitics & cybersecurity
U.S. Confirms Steep Duties on Chinese Aluminum Foil, Industry Group Says (B)

Industries & companies
FAANGs: The Next Big Threat to Consumer Brands (Yes, Amazon’s Behind It) (W)
FAANGs: Google gets 2.4m requests to delete search results (FT)
Financials: JPMorgan Says Tax Changes Will Lead to More Profitability (W)
Financials: JPMorgan urges Fed to loosen capital shackles (FT)
Financials: Goldman Sachs, Adviser to the Elite, Wants to Be Your Local Banker (W)
Industrials: White House Nears Air Force One Deal With Boeing (W)
Retail: Macy’s Has a Spring in its Step (W)

Corporate finance
Comcast’s Sky Takeover Bid Scrambles Deals for Fox and Disney (W)
Microchip Technology Nears Deal to Buy Microsemi (W)
Unilever chief: Kraft Heinz bid forced compromises (FT)

Technology & cryptocurrency
This PC Runs on Any Device—and Never Needs an Upgrade (W)
Ford Targets Miami to Test Driverless Food Delivery (W)
Levi’s Wants Lasers, Not People, to Rip Your Jeans (W)
All the Ways Regulators Plan to Tame Bitcoin (B)

Offbeat
Dimon calls shareholder meetings ‘waste of time’ (FT)