wiar 08-31-18

Mary FanslauWhat I Am Reading

August 31 (Friday)

Markets
U.S. Stocks Slide on Trump Plan for China Tariffs (B)
Stocks and Bonds Share a Story: Don’t Bet on a Boom (W)

Emerging
Stress Grips World’s Weakest Emerging-Market Currencies (W)
Emerging Markets Tumble as Argentina Struggles to Stop Bleeding (B)
Argentina’s central bank hikes rates to 60% as the currency collapses (C)

Central banks
Analysis: Fed Is Finally Getting What It Wants on the Inflation Front (W)

US
Core Inflation Hits Fed’s 2% Target as Spending Heats Up (W)
U.S. Consumer Spending Rose 0.4% in July (W)
Household Income Jumps Under Trump: Why Isn’t This News? (Investors)

China
Does China Have What It Takes to Be a Superpower? (B)
China’s ZTE Reports $1.1 Billion Loss (W)

US politics
Trump says civilian government employees won’t receive raises in 2019, citing budget strain (C)
Trump Hammers Google Again (W)

Geopolitics & trade
Trump to Back $200 Billion China Tariffs as Early as Next Week (B)
Friday marks a big deadline for NAFTA — here’s what five experts say about trade and markets (C)
U.S.-Mexico Trade Pact Faces Scrutiny From Lawmakers (W)
President’s Nafta Rewrite Holds Promise for Labor Unions (W)
The Tariffs Levied on Foreign Steel Are Saving U.S. Jobs (USA)
Google’s new hardware security key was made by a Chinese company (C)
Japan Scrutinizes Huawei, ZTE Over Spying Fears (W)

Industries & companies
FANGs: Google and Mastercard Cut a Secret Ad Deal to Track Retail Sales (B)
FANGs: Apple Announces Event on Sept. 12 for Revamped iPhone Lineup (B)
Retail: Lululemon jumps 7% after reporting profit that nearly doubled (C)
Retail: Dollar Stores May Not Be Able to Get Away Without E-Commerce Much Longer (B)
Retail: Walmart will have 30% more toys in stores this holiday season, in a bid to win sales Toys R Us left behind (C)
Restaurants: Starbucks’ Frappuccino Gets a Sugar Makeover (W)

Corporate finance
SEC Seeks to Ease Investment in Private Firms by Individuals (W)
SoftBank Pulls Plug on Plans to Invest in Chinese Tesla Rival (W)

Technology
Chinese tech giant Lenovo launches the world’s first laptop with two screens (C)
After Robots, Who Will Work For A Paycheck? (New Republic)

Offbeat
Warren Buffett likes quarterly earnings reports from companies but not guidance (C)
Check out Warren Buffet’s amazing Coke-themed birthday cake for his 88th (C)