wiar 02-22-19

Mary FanslauWhat I Am Reading

February 22 (Friday)

U.S. Stocks End Lower on Disappointing Data, Earnings (W)
A prominent Wall Street permabear says the stock market is ‘stoned on free money’ and it could ‘prove fatal’ (MW)

Weak U.S. data underscore growing headwinds to economy (R)
Business Investment Falters Amid Growing Global Economic Uncertainty (W)

China Uses DNA to Track Its People, With the Help of American Expertise (N)

North Korea warns of food crisis, almost halves rations before summit (R)

US politics
Kamala Harris’s dad on her pot-smoking comment: Our family wants to ‘dissociate ourselves from this travesty (MW)

Geopolitics & trade
U.S., China resume trade talks to thrash out structural agreements (R)
U.S. Wrangles China for Firm Commitments as Trade Talks Continue (N)
Russia Exploits U.S.-China Trade Tensions to Sell More Soybeans (W)

Industries & companies
Autos: Tesla shares fall after Consumer Reports says it will no longer recommend Model 3 (C)
Autos: Tesla customers describe maddening problems with returns and refunds (C)
Autos: Ford probing possible problems with fuel economy, emissions tests (R)
Consumer: Kraft Heinz slashes dividend, discloses SEC subpoena — stock tanks (C)
FAANGs: Apple to Chinese Consumers: Buy a New iPhone for Under $30 a Month, Interest Free (W)
Financials: Apple, Goldman to Launch Credit Card Paired With iPhone (W)
Financials: Fidelity Posts Record Revenue, Profit in 2018 (W)
Tech: Dropbox drops sharply after guidance disappoints (C)
Tech: Zillow CEO Spencer Rascoff is out — co-founder Rich Barton is taking over; stock drops (C)

Corporate finance
Pinterest Files for IPO, Seeking Around $12 Billion Valuation (W)

There are more people older than 65 than younger than 5 for the first time – here’s how that’s changing the world (BI)
YouTube Reaches Out to Advertisers as AT&T, Hasbro Halt Spending (B)