Aug 25 (Tuesday)
YRI
Morning Briefing PDF
Daily Markets
Markets
Stock market today: S&P 500 hits another record, closes above 3,400 for the first time as Apple and airlines rise | C
S&P, Nasdaq close at new highs as Wall Street rides bull momentum | R
Stop saying ‘stocks are not the economy’ | MW
‘The Big Short 2.0’: How Hedge Funds Profited Off the Pain of Malls | N
Credit & commodities
Money Funds Waive Charges to Keep Yields From Falling Below Zero | W
Oil Companies Brace for Twin Gulf Coast Storms | W
Central banks
Fed Study Finds Virus Is a Powerful Downward Drag on Inflation | B
US
As Evictions Loom, Lawyers Are Gearing Up to Help | N
Thomas Barkin Urges Retraining for Young Workers in Restaurants, Retail | B
Trump says he is authorizing another $1 billion for food for families program | R
U.S. postmaster tells House committee he will resume cost-cutting after election | R
China
China’s Economy Is Bouncing Back—And Gaining Ground on the U.S. | W
Chinese Home Buyers Paid Huge Deposits but Now Worry They’ll Be Left With Nothing | W
Europe
Europe Tried to Limit Mass Layoffs, but the Cuts Are Coming Anyway | N
Industries & companies
FAANGs: ‘Fortnite’ Maker’s Apple Fight Leaves Some Developers Wary | W
Retail: Big-Box Stores, Worried About Amazon, Were Ready for Coronavirus | W
Retail: Coronavirus: As shopping picks up, gap between retail’s haves, have-nots widens | C
Tech: Zoom Restored After Outage Brings Down Virtual Meetings, Classrooms | W
Geopolitics & trade
TikTok reveals U.S., global user growth numbers for first time | C
TikTok Sues U.S. Government Over Trump Ban | N
At Least One Company Is Cheering Renewed Aluminum Tariff on Canada | W
Virus
Sweden has developed herd immunity after refusing to lock down, some health experts claim, with coronavirus infection rate falling | MW
Older Americans Should Be Anti-Lockdown Activists | AIER
Coronavirus: Scientists doubt convalescent plasma touted by Trump is ‘breakthrough’ treatment | C
New Thinking on Covid Lockdowns: They’re Overly Blunt and Costly | W
Corporate finance
Blackstone Makes $2.29 Billion Deal for Japan Drug Business | W
Virgin Atlantic Woos Creditors to Nail Down $1.6 Billion Rescue | B
LVMH and Tiffany push back deal deadline by 3 months, source says | C
Offbeat
Ex-Google employees form virtual tech ‘school’ for gap-year students | C
Tropical Storm Marco collapses, sets stage for Laura to hit U.S. as hurricane | C
Massive Northern California wildfires rage on as death toll reaches 7 | C
