wiar 05-08-18

Mary FanslauWhat I Am Reading

May 08 (Tuesday)

Markets
U.S. Stocks Rise, Lifted by Energy Shares (W)
Oil Prices Hit 3-Year High as Deadline for Iran Deal Nears (W)
Dollar hits new 2018 peak as stocks rally (FT)

Central banks
ECB’s Chief Economist Sees No Reason to Worry About Euro-Area Slowdown Yet (B)
Smets: ECB Could Take Steps to Phase Out QE This Summer (W)
Departure of Fed’s Dudley Will Open the Door for a Hawk on FOMC (B)
U.S. Rate Hikes Hit Rest of World Just as Hard, Fed Paper Says (B)

US
Business Spending Is Poised to Surge in the U.S. (B)
U.S. Consumer Borrowing Cools on Slump in Revolving Credit (B)
How Texas, Once an Economic Drag, Became the Nation’s Fastest-Growing Economy (W)

Geopolitics
U.S. Pushes Mexico to Raise Wages for Its Auto Workers (W)

Industries & companies
FANGs: Opinion: Apple’s share buyback is a smarter use of its cash than these 4 other options (MW)
Financials: Big Banks Steal Smaller Brokers’ Thunder (W)
Industrials: What’s Spooking Boeing and Ford? Wild Aluminum Prices (W)
Media: Bigger Than Disney: Budget Doubles for Universal’s Beijing Park (W)
Restaurants: Starbucks Sells Nestlé the Rights to Offer Its Coffee in Stores (W)
Retail: Walmart Picks a Freewheeling Partner for Its $15 Billion Passage to India (W)
Retail: H&M Pivots to Big Data to Spot Next Big Fast-Fashion Trends (W)
Retail: Is the beauty industry ‘Amazon-proof’? (FT)
Utilities: Power Demand Is Doing Something Weird: It’s Rising in Some Places (B)

Corporate finance
Citigroup Targeted by ValueAct in Rare Activist Move on Major Bank (W)
Blackstone Buys Gramercy Property Trust for $4.42 Billion (W)

Technology
Intelligent Machines Will Teach Us—Not Replace Us (W)
Oracle Is Rolling Out Blockchain Products (B)

Offbeat
Hot U.S. Import: European Regulations (W)