Dr. Ed's Blog

Aug 05 (Saturday)

Markets
Dow 22000: What’s Next for This Bull Market? (W)
Record pace set by high-priced Dow Industrial stocks (FT)

Funds
Blackstone named a leader for its massive new infrastructure fund (BI)
Low interest rates bolster EM funds inflows (FT)

Currencies & commodities
Dollar Bears Are Undaunted After Getting Burned by Rally on Jobs (B)
Dollar and Treasury yields lifted by US jobs data (FT)
The Shale Boom Slows Down (B)

Central banks
Analysis: Labor-Market Strength Should Keep Fed Plans on Track (W)
Job Growth Won’t Change the Fed’s Mind on Rates (B)
Pessimistic central banks cannot handle the good news (FT)

US
Strong Employment Data Add to Rosy View of Economy (W)
The Jobs Numbers: Who’s Hiring in America—and Who’s Not (B)
US restaurants and bars drive job creation (FT)
Lower-Wage Americans Finally Get Some Relief in the Job Market (B)
U.S. Trade Gap Narrows 5.9% (W)

US politics
Cohn Says Tax Writers Have to Get Corporate Rate Below 23% (B)
Kelly’s Rules for Trump’s West Wing: Stop Bickering, Get in Early, Make an Appointment (W)
Intelligence Leaks Targeted by Sessions Echoing Trump’s View (B)

Geopolitics & terrorism
Islamic State Behind Failed Bomb Plot at Sydney Airport, Police Say (W)

Industries & companies
Autos: Toyota Gets on Trump’s Good Side With $1.6 Billion Factory (W)
Autos: Toyota tackles Silicon Valley threat with Mazda deal (FT)
FAANGs: Amazon helps explain paradoxes facing investors (FT)
FAANGs: Google Is Working on a News Product to Compete With Snapchat (B)
Financials: RBS Posts First Half-Year Profit in Three Years (W)
Financials: Wells Fargo Says It May Find ‘Significantly’ More Fake Accounts (B)
Pharma: Another Price Squeeze for Drug Makers (W)
Technology: Apple Plans to Release a Cellular-Capable Watch to Break iPhone Ties (B)
Technology: Apple searches for the next big thing (FT)

Technology
That Drone Over Your Home? It’s the Insurance Inspector (W)

Offbeat
Martin Shkreli found guilty on three fraud counts (FT)

Aug 04 (Friday)

Markets
U.S. Stocks Fell on WSJ Report of Mueller Impaneling Grand Jury (B)
BofA Warns of Two Political ‘Games of Chicken’ That Could Sink Markets (B)
Why Do U.S. Stocks Keep Going Up? Here Are 5 Theories (W)
Trading the end of ‘better than Goldilocks’ markets (FT)
Loeb Says Short Bets Are Paying Off With Stock Valuations ‘Stretched’ (B)
ALBERT EDWARDS: The same problems that caused the financial crisis are back (BI)
Market’s Surge Meets Dollar’s Swoon (N)

Funds
NYSE on Track to Lose More ETF Listings (W)
It’s about to get a lot easier to bet on the backbone of the stock market (BI)
Paul Singer Says Passive Investing Is ‘Devouring Capitalism’ (B)
Saudi Oil Minister Met With Top Commodity Hedge Funds (B)

Central banks
Big Investors Losing Faith in Europe’s ECB-Fuelled Junk Rally (B)
‘Silent stimulus’ for ECB and eurozone (FT)
Fed Aims to Cut Back Requirements for Bank Directors (W)
Some of Gary Cohn’s old Goldman Sachs colleagues aren’t sure he’d be a good FRB chair (BI)

Global
Global Inflation Hits Lowest Level Since 2009 (W)
IMF Faces Internal Resistance Amid Push to Uncover State Corruption (W)

US
Jobs in U.S. Haven’t Been This Hard to Fill Since 2000 (B)
We visited Amazon’s chaotic jobs fair and found a troubling insight about the American economy (BI)
Manufacturing and Services Executives Have Very Different Views of the U.S. Economy (B)

Japan
In Booming Global Markets, Japan Is Once Again Left Behind (W)
Japan’s Abe Shakes Up Cabinet by Adding Some Critics (W)

US politics
Freedom Caucus Leader Calls for Big Corporate Tax Cut (W)
US tax reform hopes are mired in foreign cash piles (FT)
Senior Republicans Push Technology as Part of Border Solution (W)
Sessions, Job Security in Hand, Will Vow a New Crackdown on Leaks (B)
Leaked Trump Transcripts Show Fraught Relationships With World Leaders (B)
You Can Thank Leakers for New Russia Sanctions (B)

Geopolitics
Russians Portray Washington as Mired in Chaos (W)
Trump Blames Congress for ‘All-Time’ Poor Relations With Russia (W)
Mueller Impanels Grand Jury in Russia Probe (W)
China Pushes Back Against U.S. Accusations on Trade (W)

Industries & companies
Autos: BMW records sector-leading margins as sales remain strong (FT)
Autos: Tesla’s Cash Could Burn in Production ‘Hell’ (W)
Chemicals: Monsanto Employee Emails Show Efforts to Marshal Scientists (W)
FAANGs: As Apple’s Services Grow in China, So Does Its Censorship Risk (W)
Health Care: Health Insurer Payments in Crosshairs (W)
Media: Facebook Drowns Out Fake News With More Information (W)
Pharma: Teva Hit by Increased Competition in U.S. Generics (W)
Shipping: FedEx to Skip Holiday Surcharges for Most Orders (W)

Technology
From Driverless Cars to Flying Cars: Former Google Engineer Also Worked on Larry Page’s Project (W)
A Robot Can Be a Warehouse Worker’s Best Friend (W)

Offbeat
Former FBI chief James Comey signs $2m book deal (FT)

Aug 03 (Thursday)

Markets
Dow Jones climbs over 22,000 for first time (WP)
Stocks Poised for “Melt Up” Fueled by Strong Earnings (Investopedia)
It’s Been Three Months Since U.S. Stocks Went Up 1% In a Single Day (B)
Avoiding the Crowd Is a Good Bet for Beating the Stock Market (B)

Currencies, commodities & credit
Dollar to 15-Month Low After Fedspeak, Euro Rises Past $1.1900 (B)
OPEC’s ‘Catch-22’: How to Unwind Its Output-Cut Deal (W)
View that bonds are in a bubble still contentious (FT)

Central banks
Fed’s Mester Expects Inflation to Rebound From One-Time Factors (B) | Speech
Rosengren: Tight Labor Markets Justify Fed Plans to Keep Raising Rates (W)
Fed Chair Guessing-Game Heats Up With Cohn in the Lead (B)
Switzerland’s First-World Problem: What to Do With $750 Billion (W)

US
ADP Reports 178,000 Rise in July Private Payrolls (W)

China
Amazon Cloud Customers Are Told: Don’t Bypass China’s Internet Gates (W)

Emerging
Brazil’s Corruption Probe Faces Its Biggest Test Case: The President (W)

US politics
Trump Pushes Bill to Curb Legal Immigration (W)

Geopolitics
Tillerson Tamps Down Talk of North Korean Regime Change (W)
Tillerson seeks to reassure North Korea over US policy (FT)
N Korea stand-off trumps the Cuban missile crisis (FT)
Trump Signs Sanctions Bill Aimed at Russia for Elections Meddling (W)
U.S. Plans Trade Measures Against China (W)

Industries & companies
Airlines: Qatar Airways Won’t Take a Stake in American Airlines (W)
Aerospace: ‘Air Capital of the World’ Has a Problem: Too Few Aviation Workers (W)
Consumer: Mondelez CEO Rosenfeld to Exit Amid Big Food Woes (W)
FAANGs: These Are The Sectors That Might Be Able To Survive Amazon (B)
FAANGs: Apple’s Breakthrough Product: Services (W)
FAANGs: Apple hints at robot future and more US factories (FT)
Financials: Blankfein Says He’s Confident Goldman Will Fix Trading Woes (B)

Corporate finance
Thanks to ETFs, S&P 500 Companies Have a New Boss — the S&P 500 (B)

Technology
We Survived Spreadsheets, and We’ll Survive AI (W)

Offbeat
In Gene-Editing Advance, Scientists Correct Defect in Human Embryos (W)
Millennials Unearth an Amazing Hack to Get Free TV: the Antenna (W)
New M.B.A. Admissions Request: Letters From Friends (W)

Aug 02 (Wednesday)

Markets
Dow Industrials Make Run at 22000 (W)
Lessons for devotees of this epic bull run in stocks (FT)
Wall Street Is Mapping Stock Trades for a Post-Bond Bubble World (B)
August May Be When Stocks’ Low-Volatility Streak Finally Ends (B)

Funds
What Impact Is Passive Investing Having on the Market? Try None (B)
[Passive investing] makes hitting earnings more crucial than ever (BI)
Pimco Has a Manager Who Tops Dan Ivascyn. His Name? Dan Ivascyn (B)

Currencies & credit
Weak dollar sharpens appeal of US corporate debt (FT)
How Risky Loans Are Kept Afloat in Alphabet Soup (W)

Central banks
Fed Neutral Rate Estimate Drops, Lowest in Over Two Years (B)
Atlanta Fed Taylor Rule Utility Updated (FRB-ATL)

US
Inflation Tame in June, Complicating Fed’s Rate Decision (W)
U.S. Factory Activity Continued to Expand in July (W)
Americans’ Spending Barely Grew in June as Incomes Stagnated (B)
There are 2 big reasons your pay isn’t going up (BI)

Europe
Eurozone Economy Speeds Up, Boosting Case for ECB Taper (W)
Brexit projected to push up UK banks’ costs by 4% (FT)
In a Twist, Investors Find Safety in Spain’s Property Market (W)

China
China’s Manufacturing Gauges Offer Mixed Messages (W)

US politics
Senate Republicans Want to Move Past GOP-Only Health-Care Debate (B)
Senate Democrats Lay Out Conditions for Working With GOP on Tax Policy (W)
Kelly faces outsized family presence in White House (FT)
Kelly seeks White House order as Scaramucci ousted (FT)

Geopolitics & cybersecurity
U.S. would like dialogue with North Korea at some point: Tillerson (R)
Medical device makers wake up to cyber security threat (FT)

Industries & companies
Airlines: North America’s Best Airline Stock Is Also the Cheapest (B)
Autos: Car Makers Report Steep Sales Fall (W)
FAANGs: Investors Look to Apple Earnings for Clues on Next Phone (W)
Financials: Banking Regulator to Take First Step Toward Changing Volcker Rule (W)
Pharma: Pfizer hits pause on deals amid US tax uncertainty (FT)
Retail: Under Armour Loses Its Footing (B)
Retail: Etsy’s Painful Lesson: It’s a Retailer, Not a Tech Startup (W)
Technology: Sony Profit Surges, Boosted by Strong Sales (W)

Corporate finance
Sprint Says a Merger Decision Is Near (W)

Offbeat
VW’s CEO Knows the Future Is Electric—His Company Isn’t So Sure (W)

Aug 01 (Tuesday)

Markets
Market ‘melt-up’ could push stocks to new records, including an S&P 500 rally of 8% (C)
Strong Earnings Lift U.S. Stocks to Gains in July (W)
Investors Are Ditching Tech Stocks at the Fastest Pace Since November 2007 (B)
No Bubble in Stocks But Look Out When Bonds Pop, Greenspan Says (B)

Currencies
Dollar’s Fall Threatens Foreign Stock Markets (W)
Six Months On, ‘Grossly Undervalued’ Euro Has Work to Do (B)

Funds
Fidelity Tries to Out-Vanguard Vanguard With Latest Fee Cuts (B)

Central banks
Europe’s First Rate Hike May Be Coming This Week (B)
Fischer: The Low Level of Global Real Interest Rates (FRB)

US
Greenspan Sees Return of Stagflation Unseen Since 1970s (B)

Europe
Eurozone’s Low Unemployment, Inflation Raise Questions for ECB (W)
Banks May Be Hit With $50 Billion Capital Needs After Brexit (B)
U.K.’s Allure Fades for EU Citizens Looking for Work (W)

China
China Factory Activity Loses Momentum, Signaling Possible Economic Slowdown (W)
U.S. Says It Will Fight ‘Distortions’ Caused by China’s Economy (B)
Multinationals in China brace for online crackdown (FT)

US politics
White House Pushes Aggressive Tax-Overhaul Schedule (W)
Scaramucci Removed at Urging of New Chief Kelly (W)
Can ‘the Mooch’ Return to Wall Street? (W)
Trump’s Insurer Threat Aimed at Reviving Repeal Effort (W)

Geopolitics & terrorism
Pence Delivers Tough Speech on ‘Unpredictable’ Russia (W)
Terror Plot Leads to Security Snarls at Australian Airports (W)

Cybersecurity
HBO Says Some Programming Stolen in Cyberattack (W)
Virgin America Computer Systems Hacked (B)

Industries & companies
Aerospace: Boeing Creates New Avionics and Electronics Unit (W)
Autos: GM Hires Jeep Hackers as Detroit Battles Silicon Valley for Tech Talent (W)
Energy: Tesla Batteries May Back Up Massachusetts Offshore Wind Farm (B)
FAANGs: Executives Are More Worried About Amazon Than Trump Setbacks (B)
Financials: Late Credit-Card Payments Stoke Fears for Banks (W)
Financials: Regulator Won’t Seek Delay of CFPB’s Arbitration Rule (W)
Media: Cable Tie-Up Unites Parents of HGTV and Animal Planet (W)
Retail: Supermarkets Face a Growing Problem: Too Much Space (W)
Technology: China-Backed Fund Plays Big Role in Country’s Chip Push (W)
Technology: Snap Shares Tumble After Insiders Get First Opportunity to Sell (B)

Corporate finance
Earnings shenanigans underpin Wall Street record (FT)
HSBC to Buy Back $2 Billion of Shares as Profit Rises (W)
Discovery buys Scripps in $14.6bn TV channel deal (FT)

Technology
JPMorgan develops robot to execute trades (FT)
Alphabet Sees Power in Molten Salt, a New Moonshot (W)

Offbeat
Los Angeles Reaches Deal to Host 2028 Olympics (W)
Powerful Pacific Typhoon Could Threaten Japan By Weekend (B)
Six Hours of Chaos: A Wild Day Inside India’s Overrun Courtrooms (W)

Jul 31 (Monday)

Markets
As D.C. Tests New Lows, Markets Keep Soaring (BR)
As Washington Stalls, Company Profits Keep Trucking (W)
Blue Chips Are Set to Boost Their Dividends (BR)
Investors Eager to Hear Shale Companies’ Plans for Rest of 2017 (W)

Funds
Active or Passive? Why You Should Use Both (BR)
Emerging Markets Drive Hedge Gains in 2017 (BR)
Pimco pulls in $50bn active cash as investors drawn to new star (FT)

US
Why You Shouldn’t Count Inflation Out Yet (BR)

Europe
At Long Last, Europe’s Banks Are Stabilizing (W)
Italy Sets Price for Its Share of Monte Paschi Capital Raise (B)
Hamburg Attack Puts Merkel Refugee Policy Back in Spotlight (B)

Japan
Abe finds formidable foe in Tokyo’s female governor (FT)

US politics
House Republicans Recommit to Passing Tax-Law Overhaul This Year (B)
Health-Care Collapse Points to Challenges in GOP’s Tax Effort (W)
President Threatens To Cut Congress’s Health Benefits (W)
Next Up: Raising the Debt Ceiling (W)
White House Considers Regional Bank Executive for FDIC Chair (W)

Geopolitics
North Korea’s Missiles Push Neighbors to Beef Up Military Muscle (W)
Trump Warns China on North Korea (W)
China Bets Trump Won’t Resort to Strike Against North Korea (B)
China’s New Missile Sends Warning to Rivals Abroad—and at Home (W)
‘The World Isn’t Safe,’ China’s Xi Tells Troops (B)
U.S. Navy Vessel Fires Warning Shots at Iran Ships (W)

Industries & companies
FAANGs: Time to Take a Breather on Alphabet, Amazon (BR)
FAANGs: A $1,400 iPhone Isn’t Crazy (W)
FAANGs: Apple Removes VPN Apps in Nod to China Censors (W)
FAANGs: iPhone’s Toughest Rival in China Is WeChat, a Messaging App (W)
Financials: Citigroup Shares Could Rise by 50% (BR)
Industrials: The Curious Case of Industrial Stocks (BR)
Technology: Samsung Topples Intel as World’s Biggest Chip Maker (W)

Corporate finance
Sprint Proposes Merger With Charter Communications (W)
Four Activists Challenge Plans to Carve Up DowDuPont (W)

Offbeat
The rise of childlessnedess (E)

Jul 29 (Saturday)

Markets
European equity fund inflows reach nearly $30bn so far in 2017 (FT)
Nasdaq Slides, Under Pressure From Amazon (W)
Record Tech Valuations Reach Emerging Markets and Investors Are Getting  Nervous (B)

Oil
Oil jumps to two-month high, heads for biggest weekly rise of 2017 (R)

Central banks
Meet Randal Quarles, Trump’s Pick to Shake Up the Fed (W)
Fed nominee backs bank call for stress test changes (FT)

US
Second-Quarter U.S. Growth of 2.6% Underscores Resilience (B)
Weaker Prospects for Incomes Weigh on U.S. Consumer Sentiment (B)
U.S. Employment Costs Decelerated in Second Quarter (W)
Americans Aren’t Saving Money Like They Used To (B)
‘The RV space is on fire’: Millennials expected to push sales to record highs (C)
Why You’re Being Invited to Fewer Weddings (B)

US politics
Paul Ryan insists tax reform will be different from Obamacare repeal debacle (C)
Trump lashes out over healthcare reform failure (FT)
Where Do Republicans Go After Failure of Health Overhaul? (W)
Now Trump May Try to Kill Obamacare Slowly (B)
Make $150,000 to $300,000? Prepare for Your Taxes to Rise (W)
Trump’s Attacks on Sessions Are Angering His Base in Deep-Red Alabama (B)

Geopolitics & trade
North Korea Fires Test-Missile Capable of Reaching U.S. Shores (W)
Japan Slaps 50% Tariff on Some U.S. Beef (W)
Russia Orders ‘Hundreds’ of U.S. Staff Out in Sanctions Reprisal (B)

Industries & companies
Autos: More allegations against VW emerge on car cartel (FT)
FAANGs: Thanks to Amazon, the most hated stocks on Wall Street right now are retail (C)
FAANGs: Investors Too Wary of the Amazon Effect (W)
Financials: Sapphire Reserve Cards Aren’t Very Rewarding for J.P. Morgan (W)
Financials: Wells to Refund $80 Million to Auto-Loan Customers (W)
Health Care: Insurers Relieved, but Wary, as ACA Repeal Fails (W)
Tobacco: Tobacco Shares Plunge After FDA Proposes Cut to Cigarette Nicotine (B)

Corporate finance
Buyout Firm Blames China-Bashing for Stalled Deal (W)
One by One, Verizon M&A Rumors Aren’t Working Out (B)

Offbeat
At $26.75 a Movie Ticket, Luxury ‘Dunkirk’ Screenings Give Hollywood Hope (B)

Jul 28 (Friday)

Markets
Party Time! Weak Dollar Unleashes Record Stock Run (W)
US blue-chip revenue growth beats expectations (FT)
Tech Stocks Weigh on Markets (W)

Wall Street
Wall Street Needs You to Borrow Against Your Stock (W)
Analysts Hope Companies Will Pay for Research About Themselves (B)
The Death of Equity Research Hasn’t Been Greatly Exaggerated

Oil
Shell Prepares for ‘Lower Forever’ Oil Prices (W)

Central banks
After Draghi, Demography: Aging Society Will Keep Euro Rates Low (B)
Germany Tightens Grip on EU Posts as Draghi Succession Nears (B)
In Asia, the Fed Still Rules (B)
Libor Funeral Set for 2021 as FCA Abandons Scandal-Tarred Rate (B)

US
U.S. Business Equipment Orders Eased Last Month After Robust May (B)
Consumer Comfort Gain Reflects Steady U.S. Labor-Market Progress (B)
Ex-Convicts Help Companies Fill Need for Skilled Labor (W)
N.H. May Delay Opening $48 Million Prison Over Staffing Challenges (W)
If Foxconn Builds It, Will Workers Come? Wisconsin Bets Yes (B)

Europe
Brexit Bulletin: Will the March 2019 Deadline Slip? (B)
How to Make Ireland’s Miracle Economy Disappear (B)
The European link to Canada’s house price boom (FT)

Japan
Japanese Inflation Stalls Even as Job Market Tightens (B)
 Japanese faced with little alternative to flagging Abe (FT)

China
HNA’s Biggest Shareholder Doesn’t Really Exist Yet (W)

US politics
Republicans Outline Tax Plan (W)
Tax reform plan sees US import charges scrapped (FT)
Ryan Says House Is Open To Negotiating Health Bill (W)
Some Senate Republicans Balk at ‘Skinny’ Health Bill (B)
Republicans Set Terms on Debate of Bill Funding Trump’s Border Wall (W)
Scaramucci Erupts Over Priebus, Leakers (W)
Senators Move to Block Trump From Ousting Sessions (W)
Rex Tillerson Says He Plans to Stay at State, ‘Not Going Anywhere’ (W)

Geopolitics
Russia Sanctions Bill Clears the Senate With Bipartisan Vote (W)
Tensions Escalate Between Germany and Turkey (W)
North Korea’s New Hacking Target: Bank Accounts (W)

Industries & companies
Autos: Here Come the Tesla Model 3s … and a Few Surprises (B)
Autos: Fiat Chrysler Weathers U.S. Sales Slowdown as Maserati Adds SUV (B)
FAANGs: Amazon’s Expansion Costs Take a Toll (W)
FAANGs: Facebook Profit Jumps 71% (W)
Financials: Mastercard Beats Estimates as Consumers Boost Spending (W)
Financials: Deutsche Bank Warns on Outlook as Cryan’s Turnaround Slows (B)
Mining: Glencore Under Probe Over Congo Payments (W)
Pharma: P&G Gets Boost From Stronger Results in Fight Against Peltz (B)
Pharma: AstraZeneca Plunges After Setback in Crucial Lung-Cancer Drug Trial (B)
Restaurants: Starbucks’ Tepid Results Increase Pressure to Go Big in China (B)
Technology: Be Afraid for Twitter. Very Afraid. (B)
Technology: Samsung Is Closing In on Apple as World’s Most Profitable Tech Firm (W)
Technology: Intel Finds Room to Boost Revenue (W)
Technology: LinkedIn Suit Could Shape Data-Analytics Industry (W)
Technology: China’s Next Target: U.S. Microchip Hegemony (W)

Technology
The First AI Bubble Is Now Here: Talking Speakers (W)

Offbeat
Jeff Bezos Briefly Tops Bill Gates as the World’s Richest Person (B)
Hamptons Home Prices Soar to Record $1.07 Million (B)

Jul 27 (Thursday)

Markets
U.S. Stocks on Pace to Close at Records After Fed Stands Pat (W)
Gains for AT&T and Boeing Help Lift US Stock Indexes Higher (N)
Zeal for US corporate debt near post-crisis high (FT)
Asian bond market suffers flurry of cancelled sales (FT)

Currencies & commodities
The Fed has become the dollar’s ‘biggest problem’ (BI)
Copper hits 2-year high on China scrap ban fears (FT)
Investors to Big Oil: Restrain Yourselves (W)

Funds
SEC Chairman Puts in a Good Word for Active Investing (W)
S.E.C. Issues Warning on Initial Coin Offerings (N)
Chinese Fund Managers Get Personal in Due Diligence (W)

Central banks
Fed Set to Shrink Bond Holdings ‘Relatively Soon’ (W)
Parsing the Fed: How the July Statement Changed From June (W)
The Speech That Transformed European Markets—5 Years On (W)

US
Maybe We’ve Been Thinking About the Productivity Slump All Wrong (N)
Denver Wins Big as Financial Firms Relocate to Cut Costs (W)
The Best $100,000+ Tech Jobs Are Increasingly Concentrated in Just 8 Cities (W)
Where to Find a $35,000 Job—Without a Degree (W)

Europe
EU Threatens Poland With Sanctions Over Court Move (W)
The Brexit slowdown continues (BI)
As Emissions Scandal Widens, Diesel’s Future Looks Shaky in Europe (N)
U.K. Joins France, Says Goodbye to Fossil-Fuel Cars by 2040 (B)

Emerging
Modi ‘challenger’ quits as Bihar chief minister (FT)

US politics
The Myth of Trump’s Do-Nothing Presidency (W)
Trump Eyes Tax-Code Overhaul (W)
Officials to Release Tax Plan Principles This Week (W)
Mnuchin Says Treasury’s Effort to Conserve Cash Is Costing Taxpayers (W)
Trump Again Criticizes Sessions, This Time on FBI Leadership (W)

Geopolitics
EU Cautions U.S. on Russia Sanctions Bill (W)
U.S. to Sanction Chinese Entities Over North Korea (W)

Industries & companies
Aerospace: Boeing Boosts Profit Forecast, Share Buyback After Strong Quarter (W)
Consumer: Coca-Cola to Replace Coke Zero in the U.S. (W)
FAANGs: Amazon Market Cap Tops Half a Trillion (W)
FAANGs: Amazon Plans Job Fair for 50,000 Positions (W)
FAANGs: Whole Foods’ Sales Slump Eases Ahead of Takeover by Amazon (B)
Financials: RBS to Spend More Than $1 Billion to Appease European Authorities (W)
Health Care: Anthem Seeks Clarity from Health Law Debate (W)
Technology: How Microsoft Has Become the Surprise Innovator in PCs (N)

Corporate finance
The Luxury Arms Race: Michael Kors and Coach Target Takeovers (N)
U.S. Shale Threatens Chemical Element of Aramco’s IPO (W)

Technology
SoftBank Said to Consider an Investment in Uber (N)
Your Roomba May Be Mapping Your Home, Collecting Data That Could Be Sold (N)

Offbeat
A Catholic School’s Dilemma: How to Spend Its Snap IPO Millions (W)
How Jony Ive Masterminded Apple’s New Headquarters (W)

Jul 26 (Wednesday)

Markets
U.S. Stocks Climb, Driven by Strong Earnings Reports (W)
Fund Managers and Strategists Think the Bull Market Is Ending Next Year (B)
European equities lean on earnings to revive rally (FT)
Weak inflation is a mystery investors must unlock (FT)
‘Exceptionally’ Weak Dollar Is the Earnings Boost S&P 500 Needs (B)
JPMorgan Tells Clients the Surge in Stocks Is Prolonging the Bull Market in Bonds (B)

Oil
Oil Gains on Saudi Push for Compliance With Output Cuts (W)
Oil’s Chaos Theory (B)

Central banks
Trump Says Cohn and Yellen Are Contenders to Lead the Fed (W)
IMF warns eurozone against premature taper (FT)
Draghi’s ‘whatever it takes’ outcome in 3 charts (FT)

US
U.S. Consumer Confidence Rose in July (W)
Home-Price Growth Flattened in May (W)
West Is Best for Sellers as U.S. Home-Price Gains Mount (B)
Americans Pour Record Sums Into Home Improvements (W)
America’s Hottest Properties: Data Centers and Cell Towers (W)

Europe
Greece Raises 3 Billion Euros in Return to the Bond Market (B)
IMF Warns Eurozone Against Complacency, Sees Serious Threats (W)
Fasten seat belts, Europe is unsafe at any speed (FT)
Merkel is forced to take centre stage (FT)
German car industry faces big fines (FT)

Japan & China
Japan’s Abe Stumbles in Response to Cronyism Claims (W)
New Challenge to U.S. Power: Chinese Exceptionalism (W)

US politics 
Senate Votes to Debate Health-Care Plan After Pence Breaks Tie (B)
Trump Won’t Say if He Will Fire Attorney General Sessions (W)
New White House Communications Chief Vows to Stop Leaks (W)
Kushner Described as Forthcoming in Closed-Door House Meeting (B)
Trump Says Apple CEO Has Promised to Build 3 Plants in U.S. (W)

Geopolitics & trade
U.S. Ship Fires Warning Shots at Iranian Vessel (W)
Russia’s $70 Billion ‘Secret’ Spending Lets Money Do the Talking (B)
China and India Locked in ‘Eyeball-to-Eyeball’ Border Standoff (B)
US working on ‘major trade deal’ with UK, says Trump (FT)

Industries & companies
Autos: GM’s Profit Drops as It Pulls Back Abroad to Focus on U.S. (W)
Autos: GM Warns of Tougher Second Half With U.S. Market Past Peak (B)
FAANGs: Google Sees Ad Growth, but Earns Less for Each Click (W)
Financials: Companies Press Their Banks for Better Payouts on Deposits (W)
Financials: Citi sets out $60bn capital return plan (FT)
Restaurants: McDonald’s serves up best sales rise in 5 years (FT)
Industrials: Caterpillar Boosts Outlook Signaling Cautious Optimism (W)
Technology: Samsung poised to dethrone Intel as chip king (FT)

Corporate finance
SoftBank Boosts Bet on Ride Hailing With Uber Stake (W)
Michael Kors Shops for Glamour, Buys Jimmy Choo for $1.2 Billion (W)
Viacom CEO Considers Costly Scripps Networks Acquisition (W)
Rotisserie-Chicken Chain Boston Market to Be Sold (B)

Offbeat
Elon Musk, Zuckerberg Trade Barbs Over Artificial Intelligence (B)