wiar 04-25-18

Mary FanslauWhat I Am Reading

Apr 25 (Wednesday)

Markets
U.S. Stocks Slide on Caterpillar Warning, Rising Bond Yields (W)
U.S. Investors Just Gave Up on the Bull Market (B)
Earnings Drag Down Stocks: DealBook Briefing (N)
Italy Stocks Hit Highest Since 2009 as Political Impasse Ignored (B)

Credit, commodities, & currencies
10-Year Bond Yield Hits 3% for First Time in Four Years (W)
Crude in West Texas Is Cheapest in Three Years Versus Europe (B)
Resurgent dollar hits EM carry trade favourites (FT)

US
U.S. consumer confidence, housing data highlight economy’s strength (R)

Europe
Germany lowers growth forecast as business morale weakens: source (R)

Geopolitics & trade
Trump says new NAFTA deal could be completed quickly (R)
Macron makes long-term investment in Trump (FT)
“Very good chance” of a U.S.-China trade deal: Trump (R)
A Trade War Isn’t a Real War (The Atlantic)

Industries & companies
FANGs: Amazon to Start Offering In-Car Deliveries (W)
FANGs: Google and Facebook Likely to Benefit From Europe’s Privacy Crackdown (W)
FANGs: Apple Takes a Step on Payment of Back Taxes to Ireland (W)
FANGs: Apple shares drop on more warnings from iPhone supply chain (R)
Pharma: Generic-Drug Companies to Face First Charges in U.S. Probe (B)

Corporate finance
China Ride-Hailing Giant Didi in IPO Talks, Likely Beating Uber to Market (W)

Technology
Brain-Computer Interfaces: The Last Frontier of Privacy (W)

Offbeat
Finland Has Second Thoughts About Giving Free Money to Jobless People (N)
Proof China Can Buy Up Everything in Your Country If It Wants (B)