wiar 05-05-18

Mary FanslauWhat I Am Reading

May 05 (Saturday)

Stocks Rise, Lifted by Tech Sector (W)
FAANG Stocks Swallow Up More of the Nasdaq Than Ever Before (B)
Yuan Weakness Revives Old Question: What Is China Doing With Its Currency? (W)
Emerging market currencies burnt by dollar rebound (FT)

Central banks
Falling Unemployment Could Pressure Fed to Move Faster (W)
Fed’s Williams, Dudley Stress Soft Ceiling on Inflation Goal (B)
Dudley Says Too Early to Declare Victory on Fed Inflation Goal (B)

Nine Days, One Signal: U.S. Economy Is Doing Fine If Not Great (B)
Jobless Rate Falls to 3.9%, Lowest Level in 17 Years (W)
Tepid Wages, Participation Mute Celebration on U.S. Jobless Rate (B)
Three Sectors Explain Most of Deceleration in U.S. Wage Growth (B)
Older Prime-Age Workers Are Leaving the U.S. Labor Force (B)
Freddie Mac Offers Cheap Loans to Affordable-Housing Landlords (W)

US politics
No, The U.S. Isn’t ‘Undertaxed’ (IBD) | Taxing Wages 2018 (OECD)
Opinion: Businesses are investing more, but it’s not the tax cut (MW)
New York Found a Fix for Some Hit by Tax Law. Employers Are Skeptical (W)
As Pelosi Campaigns, Some in Her Own Party Question Her Future as Leader (W)
Trump says he reimbursed lawyer for porn star ‘hush money’ (FT)

Geopolitics & trade
U.S. and China Make Scant Progress in Trade Talks (W)
US demands China cut trade deficit by $200bn (FT)
China denies using lasers on US planes in Djibouti (FT)
Tickling Trump: Leaders flatter to influence America (FT)

Industries & companies
FANGs: Apple’s Quiet Boost From Google May Slow (W)
Financials: HSBC shares slide despite $2bn stock buyback (FT)

Ticketmaster’s New Challenger: Your Face (W)

AllianceBernstein’s Nashville move threatens New York and London (FT)
Tesla CEO Defends ‘Bonehead’ Remark, Says He Should Have Answered Questions (W)