July 15 (Thursday)

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

Markets
Stocks Up Slightly After Powell Speaks to Congress | W
The junk bond market is on fire this year as yields hit a record low | C

Central banks
Fed’s Powell keeps to script on jobs recovery, feels heat on inflation front | R
Powell Says Fed Still Expects Inflation to Ease | W

US I
What’s in Democrats’ $3.5 Trillion Budget Plan—and How They Plan to Pay for It | W
Child Tax Credit Payments Start This Week: Who Is Eligible and How Much Are They? | W
Not All Infrastructure Projects Are Worth Doing, Research Paper Finds | W

US II
Job gains strong, prices rising as U.S. recovery continues -Fed Beige Book | R
Social Security cost-of-living increase for 2022 may be largest in decades | C
You’re Paying More for Food—And You Might Not Know It | W
Lumber Prices Are Way Down—but Don’t Expect New Houses to Cost Less | W
U.S. Drug-Overdose Deaths Soared Nearly 30% in 2020, Driven by Synthetic Opioids | W

Geopolitics & trade
U.S. Senate passes bill to ban all products from China’s Xinjiang | R
EU, China Unveil Sweeping Plans to Cut Greenhouse-Gas Emissions | W
 
Industries & companies
Autos: GM warns some Bolt EV owners: Don’t park them inside or charge them unattended | C
Consumer: J&J Recalls Aveeno, Neutrogena Spray Sunscreens | W
Financials: Biggest U.S. banks smash profit estimates as economy revives | R
Financials: Bank of America’s Profit More Than Doubles, but Revenue Takes a Hit | W

Corporate finance
Blackstone Enters Deal to Manage AIG Life and Retirement Assets | W
NortonLifeLock in Talks to Buy Avast | W

Virus
Covid cases are surging again in Latin America and the U.S., WHO officials warn | C

Beyond markets
Two-Thirds of Miami Condo Buildings Are Older Than 30 Years. The Repair Bills Are Coming Due. | W