June 18 (Saturday)
Latest Morning Briefing Executive Summary: Stocks & Crypto
Ready for an unflinching look at the mauling the bear market has inflicted on specific S&P 500 sectors and industries? Jackie assesses the valuation and share-price carnage among the worst and best performers relative to both one year ago and January 3, when the S&P 500 peaked at its record high. … Also: Crypto lending markets have blown up for the second time in as many months. We look at the unregulated business that’s been called the “Wild West” of lending—the players, their troubles, and the SEC’s concerns. … Also: Car-sharing companies like the soon-to-be-public Turo aim to disrupt the car rental industry with an Airbnb-like business model.
(subscribers’ link)
YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on June 13.
Markets
S&P 500 rises slightly Friday, but still posts worst week since 2020 | C
Look for more selling pressure next week as investors learn the hard way not to fight the Fed | C
How to Stand Up to a Bear Market | W
Why gas prices are so high, explained | Vox
Central banks
Fed promises ‘unconditional’ approach to taking down inflation in report to Congress | C
Interest Rates Are Well Below What Academic Formulas Suggest, Fed Report Says | W
New York Fed Model Shows Chance of ‘Soft Landing’ At Just 10% | B
Japan’s Kuroda Says He Won’t Raise Rates, Even With Weak Yen | W
US
How to Know When Switching Jobs Could Get Harder | W
U.S. Industrial Production Eased in May, Adding to Signs of Economic Slowdown | W
Credit Card Rates at 20%, Mortgages Near 6% After Fed’s 75 Basis Point Rate Hike | B
Will Home Prices Fall? Builders Offer Discounts as Mortgage Rates Rise | B
Everyone knows inflation is on fire. Here’s what’s really fueling it | C
Biden Team Negotiates Fresh Economic Plan as Inflation Antidote | B
Energy Inflation Derails Biden’s Climate Agenda | W
Geopolitics & trade
Russia Steps Up Pressure on European Gas Supplies | W
Russia-Ukraine war: Putin hits out over Western sanctions ‘blitzkrieg’ | C
EU backs Ukraine’s membership bid to ‘live the European dream’ | R
Russia Ukraine war: Summary of weapons U.S. has given to Ukraine | C
China’s Xi says trade with Russia to hit new records in coming months | C
See How Sanctions Changed Where Russian Private Jets Fly | N
Biden defends meeting with Saudi prince, says talks part of broader meeting | R
Crypto
Crypto Has a Crazy Week, With Bitcoin Dropping and Celsius Freezing | W
Forget Crypto Winter. In Biotech, It’s Been Freezing for Months | B
Technology
China Tests Tech That Could Beam Solar Power From Space to Earth | B
Climate
Fertilizer Stockpiles Swell as Farmers Shun High Prices, Easing Harvest Worries | B
Beyond markets
Chie Hayakawa Imagines a Japan Where the Elderly Volunteer to Die | N
