July 23 (Saturday)
Latest Morning Briefing Executive Summary: Financials, China & Russian Gas
Banks have been navigating rising interest-rate seas remarkably well, managing to keep low the interest rates they pay out on deposits and raise the rates they take in on loans. As a result, net interest margins have been improving nicely from last year’s depressed levels. If banks can keep that up, the income upside would be substantial. … Also: China may regret not opposing Russia’s war in Ukraine if emerging market nations, struggling under the burden of war-induced food and energy inflation, aren’t able to make good on their debt payments to China. … And: A timely look at innovative ways to generate and store energy.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on July 18.
Markets
Stocks Drop, Ending Three-Day Rally | W
S&P 500 sheds nearly 1% Friday on Snap-led tech sell-off, but finishes higher on week | C
Broken Bulls, Big Breadth: Weighing a Case for a Turn in the Stock Market | B
Currencies & commodities
Column: Aluminum producers feel the margin pain as price slumps | R
What a Strong Dollar Means for the Rest of the World | W
Goldman Sachs Doubts Intervention on Euro, But Action on Yen Possible | B
US
U.S., Global Business Activity Slid in July | W
Consumer Confidence Drops as Inflation Hits Shoppers, Morgan Stanley Survey Says | B
Column: Oil and interest rate futures point to cyclical downturn before end of 2022 | R
You’re not the only one who’s confused about the economy. The experts are baffled, too | NN
Larry Summers Says Raise Taxes ‘Right Now’ to Help Battle Inflation | B
The One Place You Can Still Get a 3% Home Loan: Your Family | W
Shippers avoiding Port of Oakland as trucker protests stop trade | C
Europe
Europe Is Tested Anew, This Time by Energy, Inflation and Putin | W
Europe’s Diesel Market Slides From Mind-Blowing to Amazing | B
Gazprom says no additional obligations for Russia to get Nord Stream 1 turbine | R
Nord Stream 1 is flowing again. But Europe’s gas crisis isn’t going away. | Vox
Industries & companies
Autos: Apple CarPlay could be a trojan horse into the automotive industry | C
Geopolitics & trade
Ukraine’s Zelensky Says a Cease-Fire With Russia, Without Reclaiming Lost Lands, Will Only Prolong War | W
Russia, Ukraine Clear Way for Grain Exports to Resume Amid Fears of Global Food Crisis | W
Russia-Ukraine Grain Deal Won’t Translate Into Big Exports Immediately | W
Corporate finance
Steelmakers Pour On More Investments, Shaking Off Economic Concerns | W
Technology
Europe’s energy giants explore potential of floating solar | C
Beyond markets
Monkeypox: Biden administration considering public health emergency | C
U.S. identifies first cases of monkeypox in children | R
Monkeypox ‘panic’ is overblown and failing | P
Americans Endure Yet Another Day in Record-Breaking Heat Wave | W
