wiar 05-15-18

Mary FanslauWhat I Am Reading

May 15 (Tuesday)

Markets
Investors Are Pouring Money Into Tech Stocks Once Again (B)
Giant California Pension Fund Raises Bet on Tech (B)
The Passive-Investing Bid for U.S. Equities Is Roaring Back (B)

Credit & commodities
Bond Market Shows Growth in U.S. Is Beating Europe (W)
US companies cut bond holdings after tax changes (FT)
Palladium in Cars Set for Record on Demand From China (B)

Central banks
Fed’s Mester Says Improved Economic Outlook Supports More Rate Rises (W)

US
Subprime Auto-Default Rates Top 2008 Level, and Lenders Cut Back (B)
Consumers Skip More High-Rate Auto Payments Than During Crisis (B)

Europe
Europe’s Economy Looks Like the Weak Link in Global Expansion (B)
Italy’s populist parties ask for more time (FT)
Morgan Stanley Splits With Nomura Over Emerging-Market Outlook (B)

US politics
House Freedom Caucus Faces Tough Fights in Midterms (W)

Geopolitics & terrorism
U.S., China Weigh Deal on ZTE Ban, Agricultural Tariffs (W)
All About ZTE, the Chinese Sanctions Breaker That Trump Wants to Help (N)
Disarray Plagues U.S. Companies’ Efforts to Win Tariff Exemptions (N)
Wake up Congress, our NAFTA partners are ramping up trade in Europe and the Pacific Rim (USA)
Behind Trump’s Diverging Attitudes on North Korea and Iran (W)

Industries & companies
Autos: Tesla Considered Adding More Safeguards to Autopilot System (W)
Autos: Tesla CEO Says Company Is ‘Flattening Management Structure’ (W)
Energy: Shale Drillers Look Beyond Texas as Prices Rise (W)
Energy: The 130-Year-Old Bankruptcy That Created a $5 Billion Oil Giant (B)
FANGs: Amazon Tests Ad Tool That Rivals Google, Criteo (B)
Retail: Sears Buoyed by Asset Plan That Analyst Sees as Bankruptcy Hint (B)

Corporate finance
Soft Chinese Tech IPOs Test Next Wave of Listings (W)
JPMorgan to Take Controlling Stake in Chinese Venture (W)

Technology
How the World’s Biggest Companies Are Fine-Tuning the Robot Revolution (W)