January 11 (Tuesday)
YRI
Daily Markets Overview
See subscribers’ link below for today’s Morning Briefing.
Replay of Dr. Ed’s webinar on January 10.
Markets
Stocks fall further as U.S. yield climb unnerves investors | R
Higher interest rates upset stock market as hot inflation tests the Fed | C
Nasdaq Composite Erases Losses, Finishes Positive | W
Furious Rally Sends Nasdaq to Biggest Rebound Since March 2020 | B
ARK Innovation ETF (ARKK): The Strategy Is Dead
Central banks
Four Fed Hikes May Be Just the Start as Traders Lift Rate Bets | B
Goldman predicts the Fed will hike rates four times this year, more than previously expected | C
Jamie Dimon sees the best economic growth in decades, more than 4 Fed rate hikes this year | C
Jerome Powell Testimony Released Before Senate Hearing | B
Fed Vice Chair Clarida to step down early following scrutiny over his trades during pandemic | C
IMF says emerging economies must prepare for Fed policy tightening | R
US
Workers Sick With Omicron Add to Manufacturing Woes. ‘The Hope Was That 2022 Would Get Better.’ | W
Mortgage rates just jumped again. What that means for homebuyers | C
IRS Warns of Service Delays When 2021 Tax-Filing Season Opens on Jan. 24 | W
Europe
Euro zone investor morale rises slightly as mood stabilises | R
China I
China’s Xian locks down its 13 mln residents as COVID-19 cases rise | R
China’s COVID Lockdowns Add to Concerns About Economy : NPR
China’s Covid-19 Lockdowns Starting to Sting | W
China’s Zero COVID Strategy Braces for Omicron
China II
COVID-19 rattles major Chinese manufacturing province | R
Factories shut and Ningbo restricts truckers in Zhejiang province lockdowns
China Offers Digital Yuan at Beijing Winter Olympics to Test Overseas Appeal | B
Geopolitics & trade
China Locks Down City Containing One of World’s Busiest Ports, Could Impact Supply Chain
China covid quarantines, lockdowns impact global supply chain | Quartz
China’s goal for blue sky Beijing Winter Olympics set to cause ‘supply-side shock’ as factories close | SCMP
China restricts factory operation for Olympic… ‘Emergency’ for South Korean manufacturers
China Names Former Xinjiang Commander to Lead Troops in Hong Kong | W
U.S., Russia See Little Progress in Early Talks on Ukraine Crisis | W
An anti-Soviet protest in Kazakhstan haunts the country’s current unrest
Industries & companies
Tech: Microsoft Hit by Defections as Tech Giants Battle for Talent to Build the Metaverse | W
Corporate finance
Take-Two Interactive to Buy FarmVille Maker Zynga in $11 Billion Deal | W
SEC Pushes for More Transparency From Private Companies | W
Virus I
U.S. Covid-19 Cases Set to Triple Pre-Omicron Record | W
U.S. breaks COVID-19 hospitalization record at over 132,000 as Omicron surges | R
As less-lethal Omicron surges, Europeans ease restrictions | R
Hospitals Cut Beds as Nurses Call In Sick With Covid-19 | W
Virus II
Pfizer CEO says two Covid vaccine doses aren’t ‘enough for omicron’ | C
Pfizer Begins Making Shot That Targets Omicron, Original Virus | B
Merck expects COVID-19 pill molnupiravir to be effective against Omicron | R
The Supreme Court appears more afraid of Joe Biden than it is of Covid-19 | Vox
Researchers develop an RNA-based breath test to detect COVID-19
Facebook (Meta) delays office return to March, Covid boosters required | C
Technology
Chatbots: Still Dumb After All These Years
China’s $1 trillion ‘artificial sun’ fusion reactor just got five times hotter than the sun
Climate
The EU Finally Admits Natural Gas And Nuclear Are Key To Decarbonization
Beyond markets
Yale, Georgetown, Other Top Schools Illegally Collude to Limit Student Financial Aid, Lawsuit Alleges | W
U.S. man recovering after ‘breakthrough’ pig-heart transplant | R
The First NFT Billionaires: OpenSea Founders Each Worth Billions After New Fundraising | FO
