Aug 28 (Friday)
YRI
Morning Briefing PDF
Daily Markets
Markets
S&P, Dow close higher on new Fed inflation stance, COVID test hopes | R
U.S. Stocks Rise as Fed Signals Policy Shift | W
Fed’s Easy Money Pumps Up Winners Like Apple and Housing | W
84% of CFOs say US stocks are overvalued | NN
Oil Market’s Wild Swings Subdued by Options Trading | W
Central banks
In landmark shift, Fed rewrites approach to inflation, labor market | R
Fed Approves Shift on Inflation Goal, Ushering in Longer Era of Low Rates | W
Powell announces new Fed approach to inflation that could keep rates lower for longer | C
$454 Billion Treasury Fund Goes Mostly Unused | W
Fed pledges to look at if the economy is working for lower-income communities when setting policy | C
US
Unemployment Claims Are ‘Stubbornly High’ as Layoffs Persist | N
U.S. Labor Department changes jobless claims data methodology after economic shock | R
Millennials Help Power This Year’s Housing-Market Rebound | W
With Second Stimulus Checks on Hold, Americans Spend Less at the Grocery Store | W
US politics
Pelosi Call With Meadows Yields No Breakthrough on Stimulus | B
Covid-19: Kamala Harris blasts Trump on coronavirus response | C
Industries & companies
Autos: Tesla shares surge to record high, leaving rivals behind | R
Energy: America’s Energy Corridor Narrowly Averts Direct Hit From Hurricane Laura | W
Hotels: How the hotel industry is reinventing itself in the pandemic to meet the new demands of guests | MW
Hotels: Stressed remote workers turn to renting hotel rooms | NBC
Retail: Dollar General, Dollar Tree Draw in Consumers Amid Economic Weakness | W
Retail: Gap (GPS) reports Q2 2020 loss per share, sales drop 18% | C
Retail: 25% of U.S. malls are set to shut within 5 years. What comes next? | C
Tech: Bill Gates’ nuclear venture plans reactor to complement solar, wind power boom | R
Virus
Trump to announce $750 million deal with Abbott for at least 150 million rapid coronavirus tests | C
Moderna and Pfizer’s COVID-19 vaccine candidates require ultra-low temperatures, raising questions about storage, distribution | MW
Trump Administration Seeks Data on Covid-19 Nursing Home Deaths in Four States | W
Corporate finance
Pandemic PC boom pushes HP sales $1 billion higher than expected; stock up 5% | MW
Chinese Tesla Rival to Raise $1.5 Billion in U.S. IPO | W
Walmart Joining Microsoft in TikTok Bid | N
TikTok likely to announce sale U.S. operations in the coming days | C
Exclusive: ByteDance asks TikTok to draw up U.S. shutdown contingencies: sources | R
Offbeat
NYC Landlord Stepping Up Back-to-Office Campaign With Banks | B
Hurricane Laura Slams Into Gulf Coast, Weakens to Tropical Storm | W
