January 21 (Friday)
YRI
Daily Markets Overview
See subscribers’ link below for today’s Morning Briefing.
Replay of Dr. Ed’s webinar on January 18.
Markets
Dow falls 300 points, gives up earlier gains as Wall Street’s struggles persist | C
Stocks Fall After Giving Up Early Gains | W
Chinese Stocks Rally in Hong Kong After Beijing Cuts Key Rates | W
Buy the Unloved: 2022 Edition | Morningstar
Lumber Rebound Awakens Timber Market From Long Slumber | W
Central banks
Fed releases long-awaited study on a digital dollar but doesn’t take a position yet on creating one | C
Federal Reserve Takes Key Step Forward in Deciding on Digital-Coin Issuance | B
US I
‘Fight Like Hell’: Democrats Draw Lines as Biden Agenda Shrinks | B
Biden’s First Year: The Goals He Hit and the Ones He Missed | W
Senators Seek Changes to Electoral Count Act to Firm Up Presidential Elections | W
US II
U.S. Existing-Home Sales Reached a 15-Year High of 6.1 Million Last Year | W
Housing Market in U.S: Inventory Vanishing and Bidding Wars Exploding | B
U.S. Jobless Claims Rose to 286,000 Last Week | W
China
China Cuts Benchmark Rates to Bolster Flagging Economy | W
Geopolitics & trade
Putin Loves to Roll the Dice. Ukraine Is His Biggest Gamble Yet. | W
West stresses unified stance on Ukraine after Biden’s ‘minor incursion’ remark | R
U.S. Allows Baltic NATO Members to Send Arms to Ukraine | W
Industries & companies
Airlines: FAA approves more of U.S. fleet for low visibility landings after 5G deployment, some flights canceled | C
Financials: Travelers Shares Surge on New Business and Rate Increases | W
Financials: TIAA Offers Annuity Product for Corporate 401(k) Retirement Plans | W
Media: Netflix Reports Jump in Subscribers, Helped by ‘Don’t Look Up’ and ‘Cobra Kai’ | W
Corporate finance
Record IPO rush of 2021 led to historically dismal returns for investors with no relief in sight | C
Peloton’s market value drops by $2.5 billion as shares close below IPO price | C
Technology
Senate Panel Approves Antitrust Bill Restricting Big Tech Platforms | W
Major Breakthrough As Quantum Computing in Silicon Hits 99% Accuracy
What’s All the Hype About the Metaverse? | N
Microsoft Shows Meta Won’t Own the ‘Verse | W
Virus
Some U.S. Hospitals See Covid-19 Patient Counts Decline as Omicron Retreats | W
France to loosen COVID curbs in February, allowing popcorn in cinemas again | R
Climate
Larry Fink: Sustainable Investing Is About Profits, Not Taking a Stand | Morningstar
