wiar 10-13-18

Mary FanslauWhat I Am Reading

October 13 (Saturday)

Markets
U.S. Stocks Advance in Roller Coaster Session (W)
Here’s how much damage has been done to the stock market during a powerful rout (MW)
Behind Market Turmoil, Potentially Good News (W)
Here’s why stock-market investors suddenly freaked out over rising bond yields this week (MW)

Credit & commodities
Wall Street Sees Treasuries Yield Curve Flattening Into 2019 (B)
Record Exodus From Credit Funds Outpaces Flight From Stocks (B)
Corporate Loans Help Investors Fight the Fed (W)
Plenty of Oil, Just Not in the Right Places (W)
IEA Cuts Oil Demand Forecasts But Sees Prices Staying High (B)

Central banks
There’s another big reason why Trump could blame the Federal Reserve for rising interest rates (C)

US
U.S. Consumer Sentiment Cooled Slightly in Early October (W)
Strong economy has a downside for Main Street: Fewer workers means higher wages (C)

Europe
Merkel, Already Wobbling, Faces Fresh Blow in Historical Stronghold (W)

China
China’s Auto Sales Face First Annual Decline in Decades (W)

US politics
Trump Considers a Successor for Sessions (W)

Geopolitics & trade
U.S. and China Edge Closer to a Cold War (W)
U.S.-China trade talks must cover currency, U.S. Treasury chief says (R)
U.S. Opens Probe Into Alleged Chinese Mattress Dumping (W)
Jamie Dimon sounds warning about ‘geopolitical issues bursting all over the place’ (C)
Russia hits a snag in developing a hypersonic weapon after Putin said it was already in production (C)

Industries & companies
FANGs: Facebook Says Hackers Stole Detailed Personal Data From 14 Million People (B)
Financials: Rates Are Rising, But Banks Aren’t Worried About Consumers (W)
Financials: JPMorgan Profits Rise 24% Despite Trading Dip (W)
Financials: Wells Fargo Posts Surprise Revenue Rise With Consumer Loan Boost (B)
Industrials: GE Delays Release of Quarterly Results Until Oct. 30 (W)
Retail: Retail’s New E-Commerce Headache: Delivering Workers to Warehouses (W)

Corporate finance
Timeline: The rise and fall of Sears (C)
Sears, Lenders Nearing Deal to Keep Some Stores Open (W)

Technology
IBM earnings: Investors want to see how Watson holds on to AI, machine learning market (MW)

Offbeat
Cryptocurrencies suffer $18 billion drop in value over three days (C)
Alan Greenspan on How to Fix the American Growth Machine (W)