May 19 (Wednesday)

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

Markets
Stocks Fall as Shares Tied to Economy Retreat | W

US
Home construction sees biggest drop since pandemic hit. Here’s why | C
Surging lumber prices weigh on U.S. homebuilding | R
Early loss of extra unemployment benefits leaves many families in a panic | C
Inflation’s Magic Number Is Four | W
Biden, Yellen Seek Backing for $2.3 Trillion Infrastructure Package | W
Senate Republicans do not offer Biden officials new infrastructure plan | R

China
China’s Biggest ‘Bad Bank’ Tests Beijing’s Resolve on Financial Reform | N
 
Japan
Japan’s Recovery From Pandemic Slows | W

Geopolitics & trade
Gaza Deaths Mount as Israel Says Hamas Leaders Are Its Target | W

Industries & companies
Autos: Ford reveals new electric F-150 Lightning pickup during Biden’s visit to Michigan plant | C
Energy: Colonial Pipeline Hack Shows Risk to US Energy Independence | N
Financials: U.S. Bank Stocks Shine as Investors Bet on an Economic Recovery | W
Financials: Bank of America to Raise U.S. Minimum Hourly Wage to $25 by 2025 | W
Financials: JPMorgan Chase Puts CEO Contenders in Charge of Consumer Operation | W
Retail: Walmart Sales Growth Helped by Stimulus | W
Retail: Walmart is doubling down on ‘rollbacks’ as inflation pushes prices higher | C
Retail: Home Depot Sales Surge, Extending Growth During Covid-19 Pandemic | W

Virus
Covid’s Next Challenge: The Growing Divide Between Rich and Poor Economies | W
Why Covid-19 Vaccines Are Showing Up in Unusual Places | W
Top FDA official says fully vaccinated people could need Covid booster shots within a year | C
Texas Gov. Abbott threatens to fine cities and local officials if they impose mask mandates | C

Corporate finance
The WarnerMedia-Discovery deal was structured to make a future sale easier | C
Oatly, a Maker of Oat Milk, Is About to Have Its IPO | N

Cryptocurrency
Cryptocurrencies are close to reaching a big milestone versus gold by one Wall Street firm’s count | C