August 24 (Wednesday)
Latest Morning Briefing Executive Summary: Will Inflation Persist?
If inflation is peaking, definitive proof could make all the difference to the near-term direction of the stock market. It could also affect how hard the Fed pumps the monetary brakes and what that does to the economy. Our happy outlook features inflation peaking, tightening ending sooner rather than later, and the economy slowly growing. … Recent data releases provide peeks into upcoming inflation readings—and some signs that it is peaking. … Biden’s Inflation Reduction Act seems almost satirically named: The Act is more about climate than inflation, think-tanks say it will hardly move the inflation needle, and Melissa found several aspects to be downright inflationary.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on August 22.
Markets
Stocks End Slightly Lower Amid Rate Uncertainty | W
S&P 500 seen a little higher by end of 2022 -strategists | R
China’s Yuan Slides to Two-Year Low as Economy Stumbles, Dollar Soars | W
Central banks
Fed’s Kashkari says his biggest fear is inflation will be more persistent | R
Global
Global Economies Flash Warning of Sharp Slowdown | W
Energy
Can’t Pay Utility Bills? 20 Million US Homes Behind on Payments, Facing Shutoffs | B
Endless Demand Spurs U.S. Natural-Gas Prices to Shale-Era Highs | W
How Much Is Power in Europe? It’s Now Equal to Oil at $1,000 a Barrel | B
US
What a housing recession means for homeowners, buyers, sellers | C
Biden’s decision on student loan forgiveness could come tomorrow | C
Judge orders Trump to give details about Mar-a-Lago warrant lawsuit | C
China
Column: China’s weak crude imports and pariah purchases ease global market | R
China Reopens to Foreign Students For First Time After Covid Outbreak | B
Geopolitics & trade
After Six Months of War in Ukraine, Momentum Tilts Against Russia | W
Industries & companies
Airlines: Thousands of Flights Canceled, Delayed as Bad Weather Disrupts Air Travel | W
Consumer: Amazon seller Packable lays off employees, begins liquidating | C
Tech: Apple to Cut New iPhone 14 Production Lag Between India and China | W
Corporate finance
Intel, Brookfield Sign $30 Billion Deal to Finance Chip Factories | W
Beyond markets
The 30-Year-Old Spending $1 Billion to Save Crypto | W
Moderna Asks FDA to OK Updated Covid-19 Shot | W
