wiar 04-02-19

Mary FanslauWhat I Am Reading

April 02 (Tuesday)

Stocks Rise as China Data Ease Concerns Over Global Growth (W)
Wall Street rallies on upbeat China, U.S. manufacturing data (R)

Central banks
Trump wants the Federal Reserve to cut interest rates now. Wall Street is starting to agree. (WP)
Things are only getting tougher for Chair Jerome Powell and his ‘all over the place’ Fed (C)
Fed’s Kashkari Says It Isn’t Time to Cut Rates (W)
Fed sets agenda for Chicago ‘framework’ conference in June (R)
Official Says White House Stands Behind Moore’s Fed Nomination (W)

U.S. and Chinese Manufacturing Stabilize, While Europe Lags Behind (W)

U.S. Retail Sales Fell 0.2% in February (W)
Mixed data offer glimmers of hope for slowing U.S. economy (R)
Gas Prices Creep Toward $3 a Gallon (W)
Corporate America’s profits are set to drop. Are blue-collar workers the reason? (MW)
There’s a retirement crisis in America where most will be unable to afford a ‘solid life’ (C)
Nearly 5 million homeowners can now save money on their mortgages (C)

China’s Entrepreneurs Are Left High and Dry Despite a Flood of Credit (W)

Industries & companies
Aerospace: Boeing to submit final 737 Max fix for FAA review in ‘coming weeks’ (C)
Airlines: U.S. Airlines Report Delays Caused by System Fault (W)
FAANGs: Whole Foods will slash prices on hundreds of items starting Wednesday (C)
Media: There Are Five Different Races in Streaming TV. Here’s Where Apple Fits In. (W)
Retail: The Outlandish Story Of Ollie’s: A $5 Billion Retail Empire That Sells Nothing Online (But Is Beating Amazon) (F)
Tech: Changes to H-1B visa lottery create ‘stress’ for tech companies and employees (C)

Corporate finance
Lyft’s Tumbling Stock Is a Worrying Sign for Other Unicorns (B)
Three reasons why Lyft stumbled on the second day of trading (C)
Think This Lyft Sell-off Is Bad? Wait ’Til Short Sellers Enter the Fray (B)
Aramco Tops Apple As World’s Most Profitable Company (W)