May 22 (Saturday)

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

Markets
S&P 500 Declines to End Turbulent Week | W
U.S. stocks end mixed as Dow recovers on strong economic data | R

Central banks
The Federal Reserve’s so-called taper talk could keep markets on edge through the summer | C
Fed officials, new data, start lowering expectations for U.S. jobs in May | R
Fed’s Daly Says Inflation Pressures Likely to Ease in 2022 | B
Lisa Cook is Sherrod Brown’s top choice to fill Fed vacancy | C

Global
Services Businesses in U.S. and Europe Saw Pickup in Early May | W

US
White House makes $1.7 trillion infrastructure counteroffer to GOP | C
U.S. Home Prices Push to Record High, Slowing Pace of Purchases | W
As Paycheck Protection Program Runs Dry, Desperation Grows | N
Drought Imperils Economy in California’s Farm Country | W

China
China Hones Control Over Manganese, a Rising Star in Battery Metals | W

Geopolitics & trade
Biden rejects Trump’s approach to North Korea | C
Israel-Hamas Cease-Fire Holds Despite Jerusalem Clashes | W
Biden’s strategy on the Russia-to-Germany gas pipeline confusing and needs to be explained, says foreign policy expert | C

Industries & companies
Hospitality: NYC’s pandemic-hit hospitality industry faces labor shortage a year on | R
Media: From Amazon, Apple, Comcast, and AT&T: Who owns the media today – Vox

Corporate finance
Kansas City Southern to Combine With Canadian National Railway in Roughly $30 Billion Deal | W
SPACs Bolster the U.S.’s Global Lead in IPOs | W

Cryptocurrency
Bitcoin price falls after China calls for crackdown on crypto mining | C
Bitcoin Miners Are Giving New Life to Old Fossil-Fuel Power Plants | W

Virus
Scott Gottlieb: Vaccines not the only factor driving Covid cases down | C
Rare ‘Black Fungus,’ Mucormycosis, Infects Thousands of Covid-19 Survivors in India | W