wiar 04-27-18

Mary FanslauWhat I Am Reading

Apr 27 (Friday)

Markets
Technology Stocks Rally After Strong Facebook, AMD Earnings (B)
Earnings Are Providing a Boost for the Worst Performers of 2018 (B)
Citi Says U.S. May Become World’s Top Oil Exporter Next Year (B)
Euro dips below $1.21 following ECB policy meeting (FT)

Central banks
Eurozone data raise prospect of long goodbye for QE (FT)
Draghi acknowledges ‘moderation’ in eurozone growth (FT)

US
Trump Tax Windfall Going to Capex Way Faster Than Stock Buybacks (B)
Owning Is the New Renting: Homeownership Trends Upward as U.S. Loses Renter Households (W)
US housing: how Fannie and Freddie became rental powerhouses (FT)
U.S. Jobless Claims Drop to Lowest Level Since 1969 (W)
Business Investment Stalls in the First Months of 2018 (W)
Older People Working Longer, Earning More (Census)

Europe
Relief for Greece? The debt dilemma facing creditors (FT)

China
China Moves to Police Its History With New Law (W)
A Chinese Developer’s Pile of Overdue Loans Raises Fears It’s Just the Beginning (W)

Geopolitics & trade
Beijing Ready to Hit Back if U.S. Curbs Chinese Investments (W)
Hopes for U.S. Tariff Exemptions Fade in Europe (W)
Germany braced for impact of US steel tariffs (FT)
When Moon Meets Kim, Be Wary of Success (B)
North Korea nuclear test site said to have ‘collapsed’ (FT)

Industries & companies
Autos: GM’s Profit Sinks on Restructuring, Other Costs (W)
Airlines: US airline stocks tumble on higher fuel costs (FT)
Consumer: Consumer Staples Become This Earnings Season’s Punching Bag (B)
FANGs: Why Amazon and Google Haven’t Attacked Banks (W)
Financials: Deutsche Bank Retreats as New CEO Extols ‘Immediate Action’ (W)
Financials: Wells Fargo’s 401(k) Practices Probed by Labor Department (W)
Shipping: UPS’s Balancing Act: More Packages, Less Spending (W)

Technology
Snap Tries Again With High-Tech Specs (W)

Offbeat
The Million-Dollar Cancer Treatment: Who Will Pay? (W)