May 02 (Wednesday)

Markets
JPMorgan Says Unusual Market Could Mean ‘Buy in May’ (B)
New correlations concern bond and equity investors (FT)

US
U.S. Factory-Sector Activity Slowed in April (W)
U.S. Factories Having Trouble Keeping Up With Demand (B)
US inflation is not a cause for alarm just yet (FT)

Europe
Brussels seeks €1.25tn EU budget for 2021-27 (FT)

Emerging
India Can Relax. There’s a Bigger Belt and Road Bet Than Pakistan (B)

US politics
How Liberals Unite and Divide the Democrats (W)

Geopolitics & trade
U.S. Tariff Delay Leaves EU Relieved but Dissatisfied (W)
Trump plays a game of chicken with EU on trade (FT)
Delayed or Not, Tariffs Are Already Squeezing U.S. Companies (W)
Trump Trade Chief Wants Nafta Deal by Mid-May (W)

Industries & companies
FANGs: Apple Allays iPhone Worries, Boosts Buyback Plans (W)
FANGs: Mark Zuckerberg Says It Will Take Three Years to Fix Facebook (Wired)
FANGs: Everything Facebook Announced Today at F8 (Wired)
FANGs: Facebook’s New Dating Feature Could Crush Apps Like Tinder (Wired)
Industrials: Boeing Pays Up Now to Drive a Harder Bargain Later (B)
Tech: Snap Shares Tumble as Results Disappoint (W)
Wireless: T-Mobile Reports Strong Subscriber Growth (B)

Corporate finance
US groups spend tax cash on capex, not investors (FT)

Technology
AI arms race: China and US compete to dominate big data (FT)

Offbeat
California Sues Trump Administration Over Emissions (W)