wiar 06-29-18

Mary FanslauWhat I Am Reading

June 29 (Friday)

Markets
Energy Topples Tech as Top Sector (W)
Worried About a Tech Bubble? Don’t Be (BR)
Why stocks still look cheaper than bonds, in one chart (MW)

Central banks
Fed’s Rosengren Says It’s Time to Take Away Monetary-Policy Punch Bowl (W)

US
People are worried about these economic warning signs. They can relax. For now. (WP)

US politics
Both Parties Mobilize for Supreme Court Battle (W)
Trump Consults on Successors for Chief of Staff Kelly (W)
Despite Ocasio-Cortez upset, Democratic primaries have not gone as far left as some argue (C)
California Passes Sweeping Data-Privacy Bill (W)
New 1040 Tax Form: Shorter, but There Are More Forms to Fill Out (W)

Trade
Trump’s trade threats could end up boosting China’s global economic clout (C)

Industries & companies
Autos: Musk Races to Exit Tesla’s ‘Production Hell’ (W)
FANGs: As Amazon moves deeper into health care here’s what we suspect about its plans (C)
FANGs: Facebook Launches Tools to Stop Fake Accounts (W)
Financials: Deutsche Bank fails Fed stress test while three U.S. lenders stumble (R)
Financials: Visa, Mastercard Near Settlement Over Swipe Fees (W)

Corporate finance
Amazon Buys Online Pharmacy PillPack for $1 Billion (W)
Amazon is buying companies at an unprecedented rate — and why it matters (C)
Buying PillPack would have cost Walmart $700 million. Not buying it wiped $3 billion off the stock (C)
Wells Fargo, JP Morgan, Citi will hike dividends, buy back more stock (C)

Technology & cybersecurity
Kroger Plans to Introduce Driverless Grocery Deliveries (W)
Adidas Reports Data Breach (W)