wiar 03-01-19

Mary FanslauWhat I Am Reading

March 01 (Friday)

Markets
U.S. stocks edge downward as Wall Street takes a pause (R)
Chinese Shares Gain Global Sway Thanks to Index Firm’s Move (W)
Europe’s Rallying Stocks Leave Investors Skeptical (W)
A Stock-Market Forecasting Tool That Actually Works (BR)

Commodities
Oil rises on OPEC supply cuts, but surging U.S. output and economic slowdown weigh (R)
Why gold is down for the month, but still on a long-term track to reach $2,000 an ounce (MW)

Central banks
Fed’s Powell: ‘Muted’ inflation gives room for wages to rise (R)
Ex-Fed’s Dudley: Wall Street should stop blaming the central bank every time stocks drop (C)

US
U.S. Economy Grew 2.6% in the Fourth Quarter (W)
U.S. economic growth in 2018 misses Trump’s 3 percent target (R)

China
China’s fledgling junk bond market spawns new breed of vulture funds (R)

US politics
Cohen ‘fully cooperative’ in Day 3 of Capitol Hill questioning (R)

Geopolitics & trade
Trump warns he could abandon China trade deal as advisers tout progress (R)
U.S., North Korea Trade Blame for Failed Summit (W)
Collapse of Trump-Kim summit adds ‘element of uncertainty’ to U.S.-China trade talks, this expert says (MW)

Industries & companies
Autos: Tesla shares drop after Elon Musk says he does not expect to turn a profit in the first quarter (C)
Autos: Tesla launches long-awaited standard Model 3 starting at $35,000 (C)
Autos: Tesla is closing stores, shifting all sales online (C)
Consumer: Kraft Heinz Says Probe Delayed Financial Report (W)
Media: HBO Chief Will Exit As AT&T Gets Ready To Set a New Course (W)
Retail: Gap, Old Navy to Split Into Two Public Companies (W)
Retail: Gap says it will shut 230 stores over the next two years, posts mixed holiday results (C)
Tech: Forget the FAANGs. Pay Attention to the Highflying PUTINs. (B)

Corporate finance
Some Uber, Lyft Drivers to Get Stock in IPOs (W)

Technology & cryptocurrency
Bill Gates Reveals The 10 Breakthrough Technologies That Will Change The World in 2019 (F)
The ‘existential threat’ cryptos pose to traditional payments systems ‘bears watching,’ says expert (MW)

Offbeat
Israeli attorney-general plans to charge Netanyahu in corruption cases (R)