May 13 (Thursday)

YRI
Dr. Ed’s latest video podcast
Daily Markets Overview
Today’s Morning Briefing

Markets
Stocks Extend Slide on Inflation Data | W
Inflation spooks stocks and raises fear the Fed is wrong on price hike | C
Treasury Yields Climb Following Consumer-Price Data | W

Central banks
Fed’s Clarida ‘Surprised’ by Inflation Report, But Stresses Need to See More Data | W
Analysis: What U.S. inflation signs would cause Fed to change course? | R

US I
April’s inflation surge wasn’t as drastic as it looked, but the real test is still ahead | C
Consumer Prices Jumped as Economic Recovery Picked Up | W
Meet The Inflation Profiteers | Forbes.com
Housing-Market Surge Is Making the Cheapest Homes the Hottest | W

US II
U.S. Ran Record $1.9 Trillion Budget Deficit in First Seven Months of Fiscal Year | W
Republicans Reject Tax Increases After Biden Infrastructure Talks | W
Biden sees infrastructure compromise, despite Republican ‘red line’ on taxes | R
Secret Service seizes $2 billion in fraudulent Covid unemployment payments, returns funds to states | C

Geopolitics & trade
Hamas hits deep in Israel, which vows to keep pummelling Gaza | R
China Weighs New Economic Envoy to U.S. | W

Industries & companies
Financials: European banks: Q1 full house is no winning hand just yet | R
 
Corporate finance
Hertz shares surge by more than 50% after selecting $6 billion turnaround bid | C

Cybersecurity
Colonial Pipeline restarts after hack, but supply chain won’t return to normal for a few days | C
Biden signs executive order to strengthen cybersecurity after Colonial Pipeline hack | C
DarkSide, hacker group behind pipeline attack, claims three new victims | C

Virus
Covid in India: Variant and Deaths Spur New Lockdowns as Crisis Grows | B
CDC Recommends Pfizer-BioNTech Covid-19 Vaccine for 12- to 15-Year-Olds | W
CDC says 28 blood clot cases, 3 deaths may be linked to J&J Covid vaccine | C
Mixing Astra and Pfizer Shots Triggers More Fatigue, Headaches | B
Ohio ending Covid mask mandate June 2, sets up vaccine incentives | C

Offbeat
Elon Musk says Tesla will stop accepting bitcoin for car purchases | C
Janus Global Bonds Head Nick Maroutsos Succeeded Bill Gross, Leaving for Family | B
Cheating at School Is Easier Than Ever—and It’s Rampant | W