wiar 07-27-18

Mary FanslauWhat I Am Reading

July 27 (Friday)

Markets
Tech Investors Put Faith in Amazon for Lift After Facebook’s Rout (B)

Central banks
ECB Leaves Rates on Hold as It Affirms Bond Taper Plan (W)

US
U.S. Owner-Occupied Household Formation Is Up (B)
Housing market is showing signs of cracking: ‘Anything-goes list-price strategy is no longer working’ (C)
The U.S. Housing Market Looks Headed for Its Worst Slowdown in Years (B)

Trade I
U.S. touts EU trade deal, says others can also make progress (R)
Trump’s Truce With Europe Point to Tactical Shift on Trade (W)
Juncker’s Trade Pitch to Trump: ‘I Can Be Stupid, as Well’ (W)
Trump Wants Europe to Buy U.S. Gas—but Russia Is in His Way (W)
It’s way too soon to declare Trump’s trade war over (WP)

Trade II
U.S. House passes defense bill targeting Chinese investments (R)
U.S. Downplays Hopes for China Deal Soon Amid EU, Nafta Progress (B)
U.S. and China clash at WTO over ideology, state’s role (R)
Steel Tariffs a ‘Significant’ Hit to Oil Drilling, Conoco Says (B)

Industries & companies
Airlines: Airline stocks rally as analysts welcome capacity cuts (MW)
Energy: Big Oil’s New Strategy: Smaller Wells, Smarter Tech (W)
FANGs: Amazon Continues Profit Streak (W)
FANGs: Growth Concerns Hit Facebook Shares (W)
Financials: Walmart Taps Capital One for Store Cards, Dealing Major Blow to Synchrony (W)
Media: Spotify Reports Increase in Subscribers Amid Promotions (W)
Pharma: Drugmakers sure are eager to talk about drug prices lately (MW)
Restaurants: Here’s everything you need to know about Starbucks’ earnings (C)
Tech: Intel earnings beat: $1.04 cents per share, vs. 96 cents expected EPS (C)

Corporate finance
Businesses Are Investing More in 2018, But It’s No Boom (B)

Technology
Biggest Companies’ Secret to Success: Their Tech Spending (W)