June 26 (Wednesday)

Markets
Asia stocks set to slide as Fed’s Powell tempers rate cut expectations (C)
Energy Stocks Diverge From Oil Prices (W)
Gold Rally Picks Up Steam as Investors Pile In (W)
Gold’s Rally Spurs People to Sell Their Old Tiffanys and Rolexes (B)
Trump Drags Dollar to Center Stage at G-20 as Trade War Heats Up (B)

Central banks
Fed Chief Jerome Powell warns against policy bending to ‘short-term political interests’ (C)
Powell Reiterates Stronger Case for Cut Amid Economic Risks (B)
Dallas Fed President: Too Early to Tell Whether Rate Cut Will Be Warranted (W)
Fed’s Bullard Says Quarter-Point Cut Is Enough for ‘Insurance’ (B)
Here’s Why Betting on a BOJ Rate Cut May Be Doomed to Fail (B)

US
Major companies are ringing alarm bells, trying to warn Washington about more tariffs (C)
Consumer Confidence Slid in June on Trade Tensions (W)
Home Prices Decelerated in April (W)

China
China’s Consumers Turn Cautious, Weakening President Xi’s Hand (W)

US politics
Melania Trump’s chief of communications Stephanie Grisham picked as next White House press secretary and communications director (C)

Geopolitics & trade
U.S., Iran Step Up Rhetoric After Washington’s Sanctions Threat (W)
Trump and Xi meet Saturday — If it goes poorly, the global economy could teeter into recession (C)
The trade war is weighing on Chinese home buying in the US (C)
FedEx CEO says US lawsuit is ‘separate and distinct’ from Huawei package mishaps (C)
FedEx Sues Commerce Department Over Restrictions on Huawei (W)

Industries & companies
FAANGs: Facebook’s Pricey Ad Spend May Not Impress (W)
FAANGs: Regulators Have Doubts About Facebook Cryptocurrency. So Do Its Partners. (N)
Logistics: FedEx Sees `Transition Year’ as Trade Woes Damp E-Commerce Gains (B)
Media: YouTube Content for Children Should Be Barred, Advocacy Groups Tell FTC (W)
Media: Netflix to Lose No. 1 Show ‘The Office’ to Comcast in 2021 (W)
Tech: Micron pops on earnings and revenue beat (C)

Corporate finance
AbbVie Strikes Deal to Acquire Allergan for About $63 Billion (W)
Justice Department Investigates Collusion Claims in Chicken Industry (W)

Cryptocurrency
Is There a Big Short in Bitcoin? (W)