August 28 (Wednesday)
Markets
Stock dividends are yielding more than the 30-year Treasury bond for the first time in a decade (C)
Insiders are selling stock like it’s 2007 (NN)
U.S. yield inversion deepens, stokes recession fears (R)
The US is about to send a lot more oil into an already oversupplied world market (C)
Glut in Natural Gas Goes Global (W)
Currencies
A Dollar Rising Into a Possible U.S. Recession Could Be a Bad Omen (B)
Investors Betting Against the British Pound Fear a Reversal (W)
The US dollar’s days as the world’s most important currency are numbered – it’s official (MoneyWeek)
Central banks
Fed Rejects Call to Consider Politics in Policy Decisions (W)
Fed rejects call to deny Trump rate cuts; Trump keeps up pressure (R)
Fed divided on policy, discount rate votes show (R)
US
Home-Price Growth Continued to Slow in June (W)
U.S. consumer confidence falls but only slightly despite trade fight (R)
A recession in 2020 would hurt Trump, but it wouldn’t necessarily sink his reelection (C)
The Next Recession Will Destroy Millennials
US politics
Democrats’ Emerging Tax Idea: Look Beyond Income, Target Wealth (W)
Geopolitics & trade
Wary of Trump’s Flip-Flops, China Prepares for the Worst on Trade (B)
Hasbro CEO: Moving out of China has ‘gone very well for us’ (C)
Iran’s President Won’t Meet Trump Unless the U.S. Lifts Sanctions (W)
Trump-Backed U.S.-British Trade Deal Faces Hurdles (W)
Industries & companies
Autos: As Automatic Braking Becomes More Common in Cars, So Do Driver Complaints (W)
Consumer: Smucker Is Hit by Weaker Prices for Its Coffee and Peanut Butter (W)
FAANGs: Google Warns Against Blocking ‘Cookies’ Entirely, Triggering Criticism (W)
Pharma: Purdue Pharma in discussion on $10 billion-$12 billion offer to settle opioid claims: sources (R)
Pharma: Oklahoma uses century-old property law to win J&J opioid suit — other states could follow (C)
Corporate finance
Fall in Tobacco Sales Spurs Philip Morris, Altria to Talk Merger (W)
Saudi Aramco’s Path to the World’s Largest IPO (W)
Offbeat
Former Google Engineer Charged With Stealing Trade Secrets (W)
