What I Am Reading

October 25 (Monday) YRI Daily Markets Overview See subscribers’ link below for today’s Morning Briefing Markets The 1929 Stock Market Crash Caught Nearly Everyone Off Guard. Are We Headed for a Similar Fate? | BR As active investing surges, ‘Trillions’ author discusses power of indexing | C New Preferred Stocks Offer Yields of 4%. What You Need to Know. | BR Four Utility Stocks With Dependable Earnings and Bond-Beating Yields | BR Climate & energy I Energy-Stock Surge Leaves Climate-Focused Investors Behind | W Coal Stocks Rise, Even as the Planet Warms | N ESG Gains Could Buy Better Terms in Insurance Program | W Transition to Nowhere Climate & energy II Carbon Offsets Are Used by Companies Seeking ‘Net Zero,’ but Concerns Persist | W Niall Ferguson: Climate Discussion Nobody Wants to Have at COP26 | B The U.K. Ditched Coal and Left Itself With a New Set of Challenges | W Another Reason for Rising Food Prices? Droughts. | BR Global Supply Chain Shortages: Your Questions Answered | N Why the Cargo Is Stuck: Letter from a Trucker | Brownstone Institute US I Yellen says U.S. is not losing control of inflation | R Yellen: regulations strengthened under Fed chief Powell, predecessors | R U.S. Companies Bet Shoppers Will Keep Paying Higher Prices | W Home Prices Rise, and Single People Are Running Out of Houses to Buy | W Twitter and Square CEO Jack Dorsey says ‘hyperinflation’ will happen soon in the U.S. and the world | C US II Pelosi says Congress is close to a deal on Biden’s social spending plan | C Schumer and Manchin are in infrastructure talks at Biden’s Delaware home | C Tax on Billionaires’ Unrealized Gains Will Likely Be in Budget Package, Democrats Say | W Millions of Workers Stay Home to Watch Young Children as Daycares Struggle | W Europe Talks Collapse Over Sale of Troubled Italian Bank Monte dei Paschi | W China Covid-19 Sets Back China’s Plans to Rebalance Its Economy | W China’s debt-ridden Evergrande resumes work on more than 10 property projects | C Time for orderly resolution for Evergrande is running out | E Industries & companies Communication services: Facebook’s Internal Chat Boards Show Politics Often at Center of Decision Making | W Media: Despite hybrid release, ‘Dune’ draws well on the big screen | C Technology Xpeng launches XPILOT 3.5 semi-autonomous driving features | C Corporate finance WeWork Goes Public. Here’s What You Need to Know. | BR Virus Covid: U.S. officials keep close watch on the ‘delta plus’ mutation as it spreads in the U.K. | C China Expects New Covid Outbreak to Widen in Coming Days | B Endemic Covid-19 Has Arrived in Portugal. This Is What It Looks Like. | W The impact of vaccine mandates is modest, but potentially crucial | E Beyond markets A real-time revolution will up-end the practice of macroeconomics | E Return to Office Makes a Big Difference for Budding Lawyers | N

October 23 (Saturday) YRI Daily Markets Overview See subscribers’ link below for today’s Morning Briefing Markets Wall Street’s main indexes turn lower as Powell talks taper | R Stocks End Week with Gains; Dow Notches New Record | W Dow closes at a record, posts third-straight positive week | C Climate & energy Oops, Boris Johnson Told the Truth About Climate | W Central banks Powell Says Supply-Side Constraints Have Worsened, Creating More Inflation Risk | W Supply-chains Business group warns of mass layoffs and ‘catastrophic’ supply chain disruptions from Biden’s vaccine mandate | NN Supply Chain Shortages: Your Questions Answered | N US Service-Sector Strength Aids Global Growth | W China China Evergrande Makes Overdue Interest Payment on Dollar Bonds, State Media Says | W Europe New global rules leave just 10 big EU banks short of capital, draft shows | R Industries & companies Media: 2021’s U.S. box office trails 2019’s movie ticket sales by 70% | C Corporate finance In corporate crackdown, U.S. SEC takes aim at executive pay | R Technology Restaurants looking for labor and speed turn to robots | C Virus Covid: U.S. officials keep close watch on the ‘delta plus’ mutation as it spreads in the U.K. | C Pfizer-BioNTech Covid-19 Vaccine for Kids Was Safe and 90.7% Effective, Companies Say | W Adobe mandates vaccines for U.S. employees by December 8 | C Walmart’s corporate workers will return to the office in early November | C Without firm deadlines to end school mask mandates, we could ‘sleepwalk into indefinite masking,’ says Harvard professor | C Beyond markets DWAC, the Trump Social-Media SPAC, Soars in GameStop-Like Frenzy | W

October 22 (Friday) YRI Daily Markets Overview See subscribers’ link below for today’s Morning Briefing Markets S&P 500 Edges Higher to Record | W Central banks Fed to ban policymakers from owning individual stocks, restrict trading following controversy | C Months-long ‘trading blackout’ was urged for Fed officials last year | R Powell, with ethics move, clears decks for Nov meeting and maybe his renomination | R Fed’s Raphael Bostic sees interest rate hike coming amid inflation | C Financial Stability Oversight Council weighs in on climate risks | C Climate & energy U.S. Intelligence Report Sounds New Climate Warning | W Carbon offsets are necessary, market needs to grow fast: B of A exec | C US U.S. Home Sales Jumped 7% in September | W Inflation watch: Corporate chiefs see prices moving in only one direction | R Democratic Voters Want Biden’s Big Spending Deal—and They’re Getting Impatient | W Democrats Weigh Tax Alternatives to Fund $2 Trillion Package | W Bigger state and local tax deductions still possible as Democrats grapple over spending | C China Chinese Developer Defaults Pile Up as Evergrande Contagion Spreads | W Xi Jinping Hasn’t Left China in 21 Months, Keeping Diplomacy Virtual | W Japan Japan’s private-sector activity grows for first time in 6 months – PMI | R Industries & companies Communication services: How Many Users Does Facebook Have? The Company Struggles to Figure It Out | W Retail: The supply chain crisis should change our holiday shopping habits | Vox Retail: Sneaker Bots Made Shoe Sales Super-Competitive. Can Shopify Stop Them? | N Corporate finance EXCLUSIVE U.S. slows down oil and gas mergers-sources | R Virus Pfizer-BioNTech Covid-19 Booster Shot Was 95.6% Effective in Large Trial, Companies Say | W Covid-19 Herd Immunity Proves Elusive in U.K. | W CDC panel endorses Moderna, J&J Covid vaccine boosters, sends to director for final OK | C

October 21 (Thursday) YRI Daily Markets Overview See subscribers’ link below for today’s Morning Briefing Markets Dow, S&P Finish Near Records | W Central banks Fed Official Says Lingering Inflation Could Change Interest-Rate Outlook | W Fed report shows wage pressures amid ‘modest to moderate’ economic growth | R US I U.S. Growth Slowed in Recent Months Amid Elevated Prices, Fed’s Beige Book Says | W 6 reasons why Americans aren’t returning to work | C The Great Resignation Is Accelerating | The Atlantic The Economic Rebound Is Still Waiting for Workers | N US II Why Kyrsten Sinema Is at the Center of Democrats’ Tax-Hike Fight | W Billionaire Nelson Peltz says he talks to Sen. Joe Manchin every week | C Why Biden’s Plan for Free Community College Likely Will Be Cut From Budget Package | W The $2 Trillion Is Phony Too | W Your New Woke 401(k) | W Europe German tax take surges, ministry optimistic on growth, inflation | R China China economy: Property sector must shrink to be stable, says prof | C Analysis: What lies beneath? Hidden debt fears feed China’s property woes | R   Geopolitics & trade Taliban Commander Who Launched Bombings in Kabul Is Now a Police Chief in Charge of Security | W Industries & companies Autos: Automakers are spending billions to produce battery cells for EVs in the U.S. | C Energy: Exxon Debates Abandoning Some of Its Biggest Oil and Gas Projects | W Media: ‘Dune’ reviews: What critics think of Denis Villeneuve’s adaptation | C Corporate finance China Evergrande Calls Off Plans to Sell Key Unit for $2.6 Billion | W PayPal Is in Talks to Buy Pinterest | W Virus WHO warns of rise in Covid cases across Europe for third consecutive week as restrictions are eased | C FDA clears Moderna and J&J Covid vaccine boosters, allows ‘mix and match’ shots | C Covid vaccine: White House rolls out plan to ‘quickly’ immunize kids age 5 to 11 | C Beyond markets Bill Gates expects 8 to 10 Teslas and a Google, Amazon and Microsoft | C

October 20 (Wednesday) YRI Daily Markets Overview See subscribers’ link below for today’s Morning Briefing Central banks ECB hawk Jens Weidmann says he wants to quit | C Federal Reserve: Powell’s 5 key inflation criteria aren’t holding up well | C Climate & energy Euro zone banks should be legally bound to climate transition plans, ECB says | R Your Cheat Sheet to the U.N. Climate Conference in Glasgow | W China Takes the Brakes Off Coal Production to Tackle Power Shortage | W Pete Buttigieg Is Wrong: Regulations to Stop Global Warming Kill People | The American Spectator US I Global shortage of workers: What’s going on? Experts explain | C Weekly mortgage demand drops over 6% after interest rates move even higher | C US II Biden Identifies Cuts to Social Policy and Climate Bill | W John Deere, the Great Resignation, and the Revenge of the Essential Worker | The New Republic Europe Bundesbank chief Weidmann quits early with one last inflation warning | R China In Tackling China’s Real-Estate Bubble, Xi Jinping Faces Resistance to Property-Tax Plan | W China’s new home prices stall for first time since COVID-19 | R Jack Ma Leaves China for the First Time Since Regulatory Woes Began | W Industries & companies Autos: Tesla Poised for Record Quarterly Earnings on Supply-Chain Resilience | W Consumer: Nestlé Sales Buoyed by Coffee, Pet Food | W Hospitality: The Incredible Disappearing Hotel Breakfast—and Other Amenities Travelers Miss | W Media: Netflix Reports Jump in Users, Calls ‘Squid Game’ Its Most Popular Show Ever | W Media: ‘Squid Game’ watched by two-thirds of Netflix users, few new U.S. subs | C Retail: Retailers, manufacturers over-ordering amid supply chain crisis | C Corporate finance Micron Plans Over $150 Billion in Capital, R&D Spending in Decade Ahead | W Virus NYC to expand vaccine mandates, eliminating test-out option for city workers | C UK doctors call for return of Covid restrictions; new mutation watched | C Colin Powell’s Breakthrough Infection Was Hardly Unusual | Brownstone Institute Beyond markets Almost Half of Afghan Evacuees at U.S. Bases Are Children, Pentagon Says | W

October 19 (Tuesday) YRI Daily Markets Overview See subscribers’ link below for today’s Morning Briefing   Markets Stocks Finish Mixed After Weak China Growth Data | W SEC says brokers enticed by payment for order flow are making trading into a game to lure investors | C First bitcoin futures ETF starts trading Tuesday. What to know | C Climate & energy Boris Johnson Interview: COP26 Climate Talks in Glasgow to Be ‘Extremely Tough’ | B To Strike a Climate Deal, Poor Nations Say They Need Trillions From Rich Ones | W Global Climate Finance Falling Short of What Is Needed, Report Suggests | W Central banks Fed Staff Says Wall Street Is Getting Inflation Call All Wrong | B Elizabeth Warren Doesn’t Get Fed Trading Ban Proposal by Oct. 15 as Requested | W Carl Icahn says the market over the long run will certainly ‘hit the wall’ because of money printing | C   US I Opinion | Don’t Blame Workers for Inflation | N Tight U.S. job market triggers strikes for more pay | R Auto Supply-Chain Constraints Weighed on September’s Industrial Production | W Zillow Pauses Home Purchases Sending ZG Stock Down, What It Means for Sellers | B Zillow Says It Can’t Buy Any More Homes This Year | W US II U.S. Democrats battle over climate change plans in $3.5 trillion bill | R Biden Administration Seeks to Accelerate Cleanup of Toxic ‘Forever Chemicals’ | W Progressive Court-Packing Meltdown | W China China’s Third-Quarter Economic Growth Slows Sharply to 4.9% | W China Faces Slower Growth Path as It Pursues Longer-Term Reforms | W China’s Xi Flexes Power With Plan to Rewrite Communist Party History | W Industries & companies Tech: Apple new MacBook Pros fix laptop problems from the last five years | C Corporate finance Rent the Runway Targets Valuation of Up to $1.5 Billion in IPO | W Virus FDA Nearing Approval for Mixing and Matching Covid-19 Booster Shots | W Analysis: Lack of vaccination passport, testing threaten Japan’s reopening | R

October 18 (Monday) Markets This Bull Market Can Weather a Setback, Money Managers Say | BR Central banks ECB’s Knot Sees Interest Rates Edging Up as Stimulus Curtailed | B Bank of England will have to act to contain inflation – Bailey | R US I Big Labor and the Supply Shortage | W Supply-Chain Bottlenecks, Elevated Inflation to Last Well Into Next Year, Survey Finds | W Rising Mortgage Rates Shift Lenders’ Focus to Home Buyers | W Deere Workers Go On Strike for First Time in 35 Years | W US II Democrats Bet on Raising Taxes on High-Income People, Big Businesses | W The Democrats’ Tax-the-Rich Ruse | W Biden’s Soft Infrastructure Agenda May Not Boost Growth | W Democrats Face a Deadline on Benefits and Climate Bill Consensus | W People will get bigger Social Security checks in 2022. How to prepare | C China China faces challenges from ‘mismanagement’ at certain firms, says PBOC head | R China could widen property tax trial, official media outlet reports | R China’s Bitcoin Ban Is a Lesson in Crypto Regulation for Central Banks Everywhere | BR Chinese property firms suffer fresh downgrades amid Evergrande crisis | R Billionaire Alibaba founder Jack Ma reappears in Hong Kong – sources | R Japan Analysis: Japan’s ruling party makes unprecedented defence spending pledge | R Geopolitics & trade China surprises U.S. with nuclear-capable hypersonic missile test, FT reports | C Op-ed: Why the U.S.-China duo is the most significant, and perilous, bilateral relationship in history | C Industries & companies Autos: Why Ford Picked Tennessee for Its New Electric-Vehicle Plant | W Autos: Selling Cars in the Era of the Chip Shortage: Online Chats and No More Haggling | W Autos: Rocking down to Electric Avenue? Good luck charging your car | R Biotech: This Small Biotech Is Partnering With Johnson & Johnson. The Stock Could More Than Double. | BR Biotech: The Man Behind Moderna on What’s Next in Biotech | BR Communication services: Facebook to create 10,000 jobs in EU for ‘metaverse’ vision | C Financials: U.S. banks see wealth management boom on borrowing, new assets | R Financials: Bank Stocks Didn’t Rally on Third-Quarter Results. Here’s Why | BR Pharma: The FDA Is About to Make Some Major Drug Decisions. Here Are Stocks That Could Soar—or Slump. | BR Retail: Retail Stocks Are All Over the Place Now. How to Choose Carefully. | BR Tech: Apple event preview: MacBook Pro expected to get Apple chip | C Tech: Dell Is a Leader in PCs. How a Spinoff Could Unlock the Value in the Stock. | BR Energy & climate Iraq says oil price above $80 is ‘a positive indicator’ – spokesman | R The first big energy shock of the green era | E Behind the Energy Crisis: Fossil Fuel Investment Drops, and Renewables Aren’t Ready | W China’s New Renewable Project Rivals All Wind and Solar in India | B One policy accounts for a lot of the decarbonisation in Joe Biden’s climate plans | E Google’s New Green Campus Brings Sustainability to Silicon Valley | B Technology Today’s Tech Founders Don’t Just Own the Company. They’re Also Getting Huge Pay Packages. | W Corporate finance Saks E-Commerce Unit Begins IPO Preparations | W Beyond markets U.S. missionaries kidnapped in Haiti as gangs grow more brazen | R The Culprits of the 1987 Market Crash Remain a Mystery. What Lessons Can We Draw From It Now? | BR

October 16 (Saturday) YRI Dr. Ed’s latest video podcast dated October 10 Daily Markets Overview See subscribers’ link below for today’s Morning Briefing   Markets Dow jumps 380 points Friday, posts winning week after strong earnings | C Global Inflation Surges Worldwide as Covid-19 Lockdowns End and Supply Chains Can’t Cope | W Opinion | Why Does Everyone Suddenly Care About Supply Chains? | N Energy & climate When Will We Have the Last Oil Spill? | The New Yorker Climate change disasters will rock the $5 trillion insurance industry | Vox Here’s how U.S. teens are trying to tackle climate change issues | C US Rising prices flatter U.S. retail sales; demand for goods remains strong | R Rising Rents Stoke Inflation Data, a Concern for Washington | N U.S. business inventories rise solidly, but auto stocks fall | R What’s Driving America’s Workers to Leave Jobs in Record Numbers | W FAQ: Why are people quitting and how will I know if it’s time to leave my job? | WP China Evergrande crisis shines a light on China’s millions of empty homes | NN China Evergrande Spillover Risks Can Be Controlled, Central Bank Says | W Evergrande debt woes are manageable, China central bank official says | R   Industries & companies Financials: U.S. banks see wealth management boom on borrowing, new assets | R Financials: Wall Street banks set to profit again when Fed withdraws pandemic stimulus | R Financials: Goldman Sachs Profit Rises on Deal Bonanza | W Retail: Retail Sales Rise, Showing Strong Consumer Demand, Higher Inflation | W Retail: Walmart, With Eyes on Amazon, Tries to Build a Fintech Startup | W Virus U.S. to lift travel ban Nov. 8, allowing vaccinated international visitors into the country | C Biden vaccine mandate: Business braces as Republicans threaten to sue | C J&J Covid-19 Booster Shot Endorsed by FDA Advisers | W FDA Delays Moderna Covid-19 Vaccine for Adolescents to Review Rare Myocarditis Side Effect | W Italy Implements Tough Covid-19 Mandate for Workers, Prompting Protests | W Crypto The SEC is poised to allow the first bitcoin futures ETFs to begin trading, source says | C Bitcoin Price Hits $60,000 Ahead of Potential ETF Approval | W FDA panel unanimously recommends J&J Covid booster shots to adults who already got the first dose | C

October 15 (Friday) YRI Dr. Ed’s latest video podcast dated October 10 Daily Markets Overview See subscribers’ link below for today’s Morning Briefing   Markets Stocks Finish Higher, Dow Up More Than 500 Points After Strong Earnings Reports | W Oil prices rise on tight supply, set for weekly gain of more than 2% | R Energy & climate As Western Oil Giants Cut Production, State-Owned Companies Step Up | N A Winter of Giant Gas Bills Is Coming. Are You Ready? | W Opinion: Europe made its energy bed and now must sleep in it — shivering | FP US I Tight Labor Market, Supply Constraints Point to Persistent Inflation | W 4.3 Million Workers Are Missing. Where Did They Go? | W Getting women back to work is crucial to boosting economy, White House says | C Mass Evictions Didn’t Result After U.S. Ban Ended, Despite Fears | W US II Biden signs bill raising U.S. debt limit, averting default | R Supreme Court reform: Biden commission split on adding justices | C U.S. port’s supply chain fix challenge: selling 24/7 shifts | R China Microsoft to shut down LinkedIn in China | C China’s Economy Is Showing Strain From Property to Energy Crises | B Industries & companies Airlines: Federal Grand Jury Indicts Former Boeing Pilot in 737 MAX Crash Case | W Consumer: Johnson & Johnson puts talc liabilities into bankruptcy | C Financials: What Bank Earnings From JPMorgan, Bank of America Tell Us About the U.S. Economy | W Media: NHL started its $1 billion deal with ESPN and Turner Sports – here’s how many people watched the season openers | C Tech: Microsoft Folds LinkedIn Social-Media Service in China | W Corporate finance Jana Partners Takes Stake in Macy’s, Urges E-Commerce Spinoff | W Virus FDA panel unanimously recommends Moderna Covid booster shots for at-risk adults | C Moderna Booster Shot Backed by FDA Advisory Panel | W

October 14 (Thursday) YRI Dr. Ed’s latest video podcast dated October 10 Daily Markets Overview See subscribers’ link below for today’s Morning Briefing Markets Stocks Waver After Inflation Data, Major Earnings | W Inflation Data Push Treasury Yields Closer Together | W Municipal 30-Day Supply Is Highest Since 2020 at $18 Billion | B Energy & climate Governments’ Climate Pledges Not Enough to Meet Paris Agreement Targets, IEA Says | W BlackRock’s ETF empire and the future of ESG investing | C Global Post-Covid Global Economy Falters Due to Inflation and Supply-Chain Woes | W Central banks Fed says it could begin ‘gradual tapering process’ by mid-November | C Fed Signals Asset Purchases Could End by Mid-2022 | W US Consumer prices rise more than expected as energy costs surge | C More expensive food, rents boost U.S. inflation; further increases anticipated | R L.A. Port to Operate Around the Clock to Ease Cargo Logjams | W Push by ports, delivery companies to ease holiday bottleneck, Biden says | R Geopolitics & trade G20 finance chiefs back tax deal, pledge to sustain recovery, watch inflation | R EU proposes easing controls on British trade to N. Ireland | R Northern Ireland’s DUP and business groups react cautiously to EU proposals | R Industries & companies Airlines: Delta Air Lines (DAL) earnings 3Q 2021 | C Airlines: Travelers, Welcome to the Revolution in Overhead Bin Size | W Financials: JPMorgan (JPM) earnings Q3 2021 | C Tech: Apple Studying Potential of AirPods as Health Device | W Corporate finance New IPOs Are Racing Back to the U.S. Equity Market | B Tech Moguls Back GoodLeap’s Green Housing Push With $12 Billion Valuation | W Virus White House calls on pediatricians to help with rollout of kids’ Covid vaccine | C J&J Covid booster shot: FDA scientists strike favorable tone ahead of vote this week | C Beyond markets IMF chief Georgieva says data-rigging scandal won’t hamper IMF-World Bank cooperation | R William Shatner speech to Jeff Bezos after Blue Origin launch | C