Jun 12 (Friday)
YRI
YRI video podcast: A Brief Update on Growth vs Value.
Morning Briefing PDF
Daily Markets
Markets
Stock market today: Stocks suffer their worst day since March, with the Dow plunging more than 1,800 points | C
Dow plunges 7%, marks worst day since March as Fed’s grim outlook and rising cases of coronavirus unsettle bulls | MW
U.S. Stocks End Sharply Lower as Investors Grow Jittery | W
Quant Factors Swing Most in a Decade in Wild Wall Street Trading | B
Fidelity launches active nontransparent ETFs. What’s next | C
Credit & commodities
U.S. debt surges to $55.9T amid jumps in corporate and government borrowing | C
U.S. Business Debt Soars by Record on Bond Issuance, Loans | B
Brawls Erupt in U.S. Debt Markets After Borrowers Get Desperate | B
Oil drops more than 8% as fears over second wave of coronavirus cases hit the market | C
Central banks
Trump Says Fed’s Forecasts Are Too Gloomy | W
Investors Get Ready for the Fed to Cap Rates | W
US
U.S. Households’ Net Worth Had Record Fall in First Quarter | W
US weekly jobless claims total 1.542 million, vs 1.6 million estimate | C
Mortgage rates set new record low, fall below 3% on coronavirus fears | C
Manhattan’s empty apartments: New leases plunge 62% in May | C
The Illusion of a Rapid US Recovery by James K. Galbraith
US policies
Treasury Secretary Mnuchin says ‘we can’t shut down the economy again’ | C
Why businesses aren’t rushing to claim the $130 billion in PPP loans | C
Coronavirus: How Joe Biden would reopen the U.S. economy | C
Geopolitics & trade
China’s Trillion-Dollar Campaign Fuels a Tech Race With the U.S. | W
Industries & companies
Autos: GM’s Electric Bet Is Likely to Cost the Carmaker Market Share | B
Autos: Why Ferrari is worth more than some major automakers | C
FAANGs: Amazon to Face Antitrust Charges From EU Over Treatment of Third-Party Sellers | W
FAANGs: Facebook’s chief product officer Chris Cox returns to company | C
Financials: Bank Stocks Fall After Fed Projects No Rate Increases | W
Retail: New retail habits from coronavirus ‘ingrained’ in shoppers, Tractor Supply CEO says | C
Virus
U.S. Coronavirus Cases Top Two Million | W
Nashville mayor delays next stage of reopening after coronavirus cases rise | C
Alarming rise in virus cases as states roll back lockdowns | C
Europe’s Borders to Reopen for Summer, but Not Everyone Is Invited | W
Nursing Homes Say Some Protective Gear Sent by FEMA Is Unusable | W
Corporate finance
Hong Kong’s Bid for Chinese Tech Listings Gets $6.6 Billion Endorsement | W
Offbeat
Goldman Sachs Is Said to Try to Avoid Pleading Guilty in 1MDB Scandal | N
Zoom Catches Heat for Shutting Down China-Focused Rights Group’s Account | W
