wiar 08-08-18

Mary FanslauWhat I Am Reading

August 08 (Wednesday)

Markets I
Stocks Rise on Strong Earnings Reports (W)
Stocks Give Trump a $1.3 Trillion Reason to Escalate the Trade War (B)
It’s finally time to shift some money into value stocks (MW)
Growth or value stocks? These companies may provide the best of both worlds (MW)

Markets II
China Uses Lower-Profile Swaps Market to Bolster Yuan (W)
China Is Asking Banks to Avoid Yuan Market ‘Herd Behavior’ (B)

Investors Cheer—and Fear—Japan’s Fastest Wage Growth Since 1990s (W)

US politics
Sorry, Democratic Socialists — you’re still pushing poison (P)

Geopolitics & trade
Trump’s ‘Great Deal’ With South Korea Jeopardized by Car Tariff Dispute (W)

Industries & companies
Energy: American Refiners Reap Big Profits as Production Soars (W)
Financials: After Kroger strikes back at Visa, battle over credit-card fees may only get worse (MW)
Media: Disney slips 2% after earnings miss (C)
Restaurants: Papa John’s shares plunge after the company misses second-quarter earnings estimates (C)
Retail: A Guide to Walmart’s Ragtag Alliance Against Amazon (B)

Corporate finance
Musk Considers Taking Tesla Private, Valuing Company at $82 Billion (B)
Tesla confirms intention to go private after Musk tweets, sending stock up 11% (MW)
Securities lawyers shocked by Elon Musk’s tweet, point to potential legal minefield (C)

Worries Mount Over Ability to Weaponize Drones (W)

‘Every Minute Matters’: Disney Diehards Race to Hit 49 Rides in One Day (W)
Lance Bass lost a bidding war on ‘The Brady Bunch’ house—how home buyers can avoid a similar fate (MW)