June 17 (Thursday)
YRI
Dr. Ed’s latest video podcast
Daily Markets Overview
Today’s Morning Briefing
Markets
U.S. Stocks Fall as Fed Signals Rate Increase by Late 2023 | W
Oil Declines Below $72 a Barrel Following the Fed’s Hawkish Tilt | B
China to Release Metal Reserves in Effort to Tame Commodities Rally | W
Central banks
Fed expected to signal start of monetary policy shift debate | R
The Fed moves up its timeline for rate hikes as inflation rises | C
When Will the Fed Raise Rates? New Dot Plot Projects Two Hikes by End of 2023 | B
How the ECB Changed Its Strategy in the Midst of a Pandemic | B
US I
U.S. Housing Market Needs 5.5 Million More Units, Says New Report | W
Rising Housing Costs Leave Homebuyers Struggling | N
Exorbitant lumber, scarce materials hampering U.S. homebuilding | R
Opinion: Too many Americans can’t afford homes. But there is a solution | NN
US II
Earlier Fed rate hikes will not jack up low projected borrowing costs -White House | R
Infrastructure: Republican senators support bipartisan plan | C
Social Security COLA for 2022 could be higher based on consumer prices | C
China
China economy not 100% recovered from Covid pandemic: ex-PBOC advisor | C
China Denies Radiation Leak at Nuclear Reactor, Admits Fuel Rod Damage | N
Geopolitics & trade
Biden, Putin Discuss Prickly Issues During First Summit | W
Don’t expect Russians to stop state-sponsored cyberattacks, Obama defense official says | C
U.S. won’t back global tax plan with carve-outs for China – Yellen | R
How ‘Chaos’ In The Shipping Industry Is Choking The Economy : Planet Money | NPR
Industries & companies
Airlines: Southwest Airlines Delays and Cancels Hundreds of Flights a Third Day | N
Autos: GM expects inflation, semiconductor shortage to add $3 billion in extra costs in second half | C
Consumer discretionary: Not Being Amazon Is a Selling Point for These E-Commerce Players | W
Financials: Wall Street Banks Warn Their Trading Boom Is Over | W
Restaurants: McDonald’s CEO: Dine-in is here to stay despite online, drive-thru sales growth | C
Tech: Apple Struggles in Push to Make Healthcare Its Greatest Legacy | W
Corporate finance
IPO market has hit records in 2021, here are the recent debuts to watch | C
U.S. sues to stop $30 billion merger of Aon and Willis Towers Watson | C
Vita Coco Owner Is Said to Plan IPO at Over $2 Billion Value | B
Virus
Covid Fades but Is Unlikely to Vanish | W
WHO says delta Covid variant has now spread to 80 countries and it keeps mutating | C
