wiar 05-26-18

Mary FanslauWhat I Am Reading

May 26 (Saturday)

YRI
Book Review: Predicting The Markets Is Tough But Worthy Task (Forbes)
Daily Markets Overview

Markets
Stocks Sit Still While Investors Cheer Up (B)
Instability in Italy and Spain jolt European markets (FT)
U.S. Government Bonds Surge After Weak Data, Shifting Sentiment (W)

Oil
Under Pressure From Trump, Saudis Put Brakes on Oil’s Rally (B)
Putin Says Oil at $60 Suits Russia With OPEC Weighing More Supply (B)

Central banks
Fed’s Powell Says Central Banks Can’t Take Independence for Granted (W)
Lack of ‘Powell put’ tightens financial conditions (FT)
Central Bankers Give Their Crisis Policies an Incomplete Grade (B)
ECB Officials Aren’t Ruling Out June Meeting to Tweak QE (B)

US
Business Investment Rebounds in April (W)
Americans’ Confidence in the Economy Stalls (W)

Europe
Italy May Be Cut by Moody’s on Concerns Over New Government (B)
Spanish opposition calls for Rajoy confidence vote (FT)
U.S. Websites Go Dark in Europe as Data Rules Kick In (W)

US politics
The Tax Law Slashed This Break. Here’s How Companies Are Trying to Keep It. (W)
Trump Signs Orders Cracking Down on Federal Workers’ Unions (B)

Geopolitics
Trump Says N.Korea Summit May Go Ahead After `Productive Talks’ (B)
Trump Says China’s ZTE to Pay $1.3 Billion Fine to Re-Open (B)
Trump Team Seeks Truce With Congress Over ZTE (W)

Industries & companies
Autos: Cruise-Control Software Glitch Prompts Fiat Chrysler Recall (W)
FANGs: Netflix Is Now as Big as Disney (W)

Offbeat
Security troops on US nuclear missile base took LSD (AP)
The Data You Agree to Surrender to Big Tech (W)