wiar 06-13-18

Mary FanslauWhat I Am Reading

June 13 (Wednesday)

Markets
Stocks Shrug Off Trump-Kim Talks (W)
Investors increasingly jittery about corporate debt burdens — BAML (FT)
Big banks slip into bear market territory as rates rise (FT)

Corporate finance
Judge Rules AT&T Can Acquire Time Warner (W)
Decision Sets Up Comcast’s Fox Bid (W)
Revolve, Online Clothing Retailer, Prepares IPO for Late 2018 (W)

Central banks
Markets Take It Easy as ECB Edges Toward Exit (W)
Is Federal Reserve set to retire low-rates guidance? (FT)
Powell Looks at Following All Fed Meetings With a Press Conference (W)
Senate Panel Advances Fed Nominations, Including Clarida as Vice Chairman (W)

US
There’s no denying the U.S. economy’s remarkable strength (WP)
The economy is humming. So why do experts foresee a recession in 2020? (USA)
Consumer Prices Post Largest Annual Growth in More Than Six Years (W)

Europe
France hits out at Italy after migrants turned away (FT)

US politics
U.S. Budget Deficit Widens 23% on Weak Revenue Growth (W)

Trump & Kim
Trump, Kim in New Phase of Diplomacy (W)
Trump’s Approach on North Korea a Test of Ties With Asian Allies (W)
Democrats accuse Trump of ‘anaemic’ deal with Kim (FT)
Trump Had a Movie Made Just for Kim Jong Un (B)

G-7
Pompeo Says U.S. Relationship With G-7 Still Strong Despite Public Fight (W)
Trump Says Trade Spat Will Cost Canada ‘a Lot of Money’ (W)
White House Trade Official Navarro Apologizes for Insulting Canada’s Trudeau (W)
BRICs Inventor Says G-7 ‘Irrelevant’ Because China and India Are Left Out (B)

Trade
Opinion: Trump gets it backwards when he says the U.S. is a ‘piggy bank that everybody’s robbing’ (MW)

Industries & companies
Autos: Tesla Cutting About 9% of Global Workforce (W)
FANGs: Apple Tries to Stop Developers Sharing Data on Users’ Friends (B)
Materials: Glencore Unveils $5.6 Billion Restructuring of Congo’s Katanga Mining (W)
Media: ‘Fortnite’ Joins Nintendo’s Switch, but Full Crossplay Stays Elusive (W)
Real Estate: Landlords Are Practically Giving Malls Away (B)

Offbeat
New Accounting Rules Affect When Revenue Is Booked (W)
Starting Law Firm Associate Salaries Hit $190,000 (W)