wiar 07-14-18

Mary FanslauWhat I Am Reading

July 14 (Saturday)

Markets
S&P 500 posts best close since February as Amazon shares rise (C)
The Investor Fever for Passive Funds Is Cooling in 2018 (W)

Commodities & currencies
Trump Considers Tapping U.S. Oil Reserve as Prices at the Pump Rise (B)
Trade War Sends Commodities to Biggest Drop in 5 Months (B)
Is Japan’s yen unravelling as a safe-haven trade? (FT)

Central banks
Fed emphasizes ‘solid’ U.S economic growth, repeats gradual approach (R)
Federal Reserve Report Defends Use of New Tools to Set Interest Rates (W)

US
Get ready for a US “wage explosion” (UK MoneyWeek)

Geopolitics & trade
Mueller Indicts 12 Russians in Hack of DNC, Clinton Team (W)
Trump faces more pressure to confront Putin after Mueller indicts Russians for election hacking (C)
Trump Fuels Anxiety in Europe Over Security (W)
U.S. lifts ban on suppliers selling to China’s ZTE (R)
Economists Are All Over the Map on Trade War’s Duration, Scope (B)

Industries & companies
Energy: Exxon, Once a ‘Perfect Machine,’ Is Running Dry (W)
Financials: Profit Gains at JPMorgan, Citigroup Reflect a World in Growth Mode (W)
Financials: Bank Shares Hit as Citi, Wells Fargo Disappoint, JPMorgan Beats (B)
Financials: Wells Fargo Breaks From the Herd on Loans, Saying It’s Time to Be Prudent (B)
Retail: Watch out, retailers. This is just how big Amazon is becoming (C)
Retail: Victoria’s Secret sales are still sagging (P)

Technology
Microsoft Urges Government to Regulate Facial-Recognition Technology (W)

Offbeat
Scientists Find Birthplace of Mysterious Ghost Particle (W)