Aug 29 (Saturday)
YRI
Morning Briefing PDF
Daily Markets
Markets
Stock market today: Dow closes more than 150 points higher to erase its 2020 losses | C
The Father Of CMBS Says Real Estate Valuation Is In ‘Uncharted Territory’ | B
America’s Empty Hotels Might Just Be Hedge Funds’ Next Big Short | B
Chinese Bond Issuers Bypass U.S. Investors | W
Central banks
Fed’s Elevation of Employment Goal Reflects a Changed World | W
Fed’s Bullard says the recession is over but rates will ‘stay low for a long time’ | C
Federal Reserve’s Cautious Monetary Policy a Missed Opportunity | National Review
US
U.S. Consumer Spending Rose More Slowly in July | W
Losing the extra $600 unemployment benefit may not have stopped Americans from spending money, J.P. Morgan credit card data shows | MW
New Homes Account for Biggest Share of U.S. Sales in 12 Years | B
Return of the Zombie Foreclosure: Taking Over Homes Where No One Lives
US policies & politics
Trump willing to sign a $1.3 trillion coronavirus relief bill: Meadows | R
Trump Pitches Second Term With Selective Retelling of His First | B
House Chairman Moves to Hold Pompeo in Contempt of Congress | W
Opinion: Raising taxes on the rich would help reduce wealth gap | NN
Spotting $62 Million in Alleged P.P.P. Fraud Was the Easy Part | N
Japan
Shinzo Abe Will Resign as Japan’s Prime Minister, Citing His Health | W
Geopolitics & trade
U.S. to Cut Troop Presence in Iraq by About One-Third, Officials Say | W
Industries & companies
Autos: 5 things to know about Tesla ahead of its 5-for-1 stock split | MW
Autos: U.S. gives automakers at least six more months to meet ‘quiet car’ rules | R
Casinos: MGM Resorts Lays off 18,000 Workers | W
Consumer: Coca-Cola Plans Layoffs, Offers Buyouts to U.S. Staff | W
Cruises: Cruise Ships Cautiously Resume Sailing in Europe After Deadly Outbreaks | W
FAANGs: Amazon Rolls Out Halo, a Wellness Tracker That It Says Can Also Sense Moods | W
Financials: Banks eye layoffs as short-term crisis ends, long-term costs emerge | R
Virus
CDC director says there will likely be a limited supply of coronavirus vaccines | C
Chinese Covid-19 Vaccine Maker in Talks With Countries on Early Approval | W
Exclusive: Most U.S. states reject Trump administration’s new COVID-19 testing guidance | R
Corporate finance
China’s IPO Mania Creates Three New Billionaires in One Week | B
SoftBank to Sell $14 Billion Stake in Telecom Unit | W
AT&T Again Exploring a Deal For DirecTV | W
Utz readies for market debut after gaining share amid pandemic | C
Offbeat
Thousands March on National Mall, Continuing Racial-Justice Push | W
Credit Suisse Uncovers Client Fraud at Wealth Management | B
Herbalife to Pay $123 Million to Resolve China Bribery Cases | B
