Aug 26 (Wednesday)
YRI
Morning Briefing PDF
Daily Markets
Markets
Stock market today: S&P 500 rises to another record, even as rally leader Apple snaps 5-day winning streak | C
S&P 500, Nasdaq close at record highs on trade, vaccine developments | R
Why Dow’s shake-up is bad for stocks added to it—and less bad for those booted | MW
A ‘powerful force’ will determine what happens next in the stock market, Wharton professor predicts | MW
Housing, Lumber ETFs Shrug Off Best Data in More Than a Decade | B
The Shakeout in the ETF Industry Is Accelerating | W
U.S. Government-Bond Yields Rise After Trade Progress | W
Central banks
As uncertainty threatens U.S. growth, Fed seeks more firepower | R
US
U.S. consumer confidence at six-year low; underscores concerns about economic recovery | R
U.S. Home-Price Growth Held Steady in June | W
Will the pandemic exacerbate or reduce economic inequality in the US? | The Hill
Before Making Loans, Some Mortgage Lenders Ask, Do You Really Plan to Pay This? | W
Fannie, Freddie to Delay Mortgage Refinance Surcharge Until Dec. 1 | W
NYC
Opinion | Jerry Seinfeld: So You Think New York Is ‘Dead’ | N
New York City will rise again | P
China
China’s Economy Is Bouncing Back—And Gaining Ground on the U.S. | W
US politics
Opinion | The Senate Is on Vacation While Americans Starve | N
Europe
How the U.K. Restarted Its Restaurant Industry: Paying Half the Bill | N
Geopolitics & trade
Covid Crisis Drives Historic Drop in Global Trade | W
U.S., China reaffirm commitment to Phase 1 trade deal in phone call | R
Chinese Diplomats Helped Military Scholars Visiting the U.S. Evade FBI Scrutiny, U.S. Says | W
China’s Top Diplomat Begins Europe Tour Aiming to Rekindle Cooling Ties | W
Industries & companies
Airlines: American Airlines to Cut 19,000 Jobs by Oct. 1 When Federal Stimulus Ends | W
Autos: GM uses salaried workers to fill assembly jobs due to coronavirus | C
Energy: Exxon Mobil replaced by a software stock after 92 years in the Dow is a ‘sign of the times’ | C
FAANGs: iPhone sales steady while global smartphone sales tank 20% in Q2 | C
FAANGs: Apple stock at record highs: Two stock alternatives that could benefit | C
Pharma: Teva Poised to Face U.S. Charges in Drug Price-Fixing Probe | B
Retail: Best Buy’s Growth Is Crimped by Product Shortages | W
Trucking: Truck Stops Move Into the Fast Lane During Covid-19 | W
Virus I
New cases of the coronavirus are falling in most of the U.S. | C
Coronavirus update: U.S. death toll tops 177,000 as FDA head acknowledges he misspoke on convalescent plasma | MW
Opinion | A Vaccine That Stops Covid-19 Won’t Be Enough | N
Translate Bio, Sanofi COVID-19 vaccine candidate produces immune response in animal studies | R
Virus II
Covid-19 Live Updates: Colleges Suspend Students Over Virus Safety Breaches | N
School in Mexico During Covid-19 Means Turning on the TV | W
Coronavirus: College students head home a week into classes as campus cases rise | C
Young people fueling recent spike of coronavirus in Americas, U.N. agency says | R
Corporate finance
Inside Ant Group’s Giant Valuation: One Billion Alipay Users and Big Profit Margins | W
Offbeat
Hurricane Laura: Evacuations ordered as storm aims at U.S. coast | C
