Daily News Links

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Saturday, December 19, 2020

General

• Congress works through the weekend to finalize COVID aid package
  Reuters
• Pain, despair and poverty reach fever pitch for unemployed workers
  CNBC
• Fed sees 'strong capital levels' at banks after stress tests, greenlights share buybacks
  Reuters
• Pompeo says Russia ‘pretty clearly’ behind cyberattack on US
  AP
• Explainer-U.S. government hack: espionage or act of war?
  Reuters
• California hospitals struggling as coronavirus cases explode
  AP
• New COVID-19 strain spreads more quickly, UK medical chief says
  Reuters
• China says tailed U.S. warship in Taiwan Strait
  Reuters
• Hackers' broad attack sets cyber experts worldwide scrambling to defend networks
  Reuters
• Doomsday preppers stock up on luxury survival kits, emergency food supplies and million-dollar bunkers
  CNBC
• For Small Firms, Covid-19 Cuts Deeper; ‘It’s Getting Worse Every Day’
  WSJ
• China rethinks the Jack Ma model
  FT

Friday, December 18, 2020

Evening

• U.S. Stocks Fall With Lawmaker at Odds on Aid Bill: Markets Wrap
  Yahoo/Bloomberg
• Fed allows banks to resume share buybacks, JPMorgan stock jumps 5%
  CNBC
• U.S. Congress seeks stopgap funding bill to avoid gov't shutdown amid coronavirus talks
  Reuters
• Republicans Bind Virus Aid to Limit on Fed Lending, Risking Bill
  Yahoo/Bloomberg
• Trump signs bill that could kick Chinese firms off U.S. stock exchanges
  Reuters
• Fed’s Kaplan says will be time to pull back on bond buying when economic recovery is clear: WSJ
  Reuters
• Yellen Sets Out to Build Treasury Team With Obama Alumni
  Yahoo/Bloomberg
• Fed’s Kaplan Says It Will Be Time to Taper Bond Buying When Economy Is Clearly Recovering
  WSJ

General

• Stocks Steady After S&P Record; Dollar Rebounds: Markets Wrap
  Yahoo/Bloomberg
• Global stock markets edge up on US stimulus hopes
  AP
• Oil Near Highest Level Since February With Bumper Rally Pausing
  Yahoo/Bloomberg
• U.S. current account widens sharply in third quarter
  Reuters
• U.S. Congress scrambles to agree on COVID-19 relief deal as shutdown deadline looms
  Reuters
• Covid live updates: Pence receives vaccine on live TV; J&J enrolls participants for late-stage trials
  CNBC
• Hackers Tied to Russia Hit Nuclear Agency; Microsoft Is Exposed
  Yahoo/Bloomberg
• Microsoft says it found malicious software in its systems
  Reuters
• Russian hack against the U.S. government ‘will take years to overcome,’ former national intelligence official says
  CNBC
• U.S. Blacklists More Than 60 Chinese Firms, Including SMIC
  Yahoo/Bloomberg
• Exclusive-U.S. to blacklist dozens of Chinese firms including SMIC, sources say
  Reuters
• Biden’s Plans for Recovery Face Corporate America Debt Problem
  Yahoo/Bloomberg
• Pandemic Is Starting to Hit North American Meat Plants Again
  Yahoo/Bloomberg
• U.K. Warns Brexit Talks ‘Blocked’ as Time to Reach Deal Runs Out
  Yahoo/Bloomberg
• Japan's consumer prices fall at fastest pace in decade, stoke deflation fears
  Reuters
• Government Faces Risk of Weekend Shutdown, GOP Senator Says
  Bloomberg
• Hack Suggests New Scope, Sophistication for Cyberattacks
  WSJ
• How Covid-19 Has Reshaped the Economy’s Balance Sheet
  WSJ

Evening

• Dollar Slips, Stocks Gain as Stimulus Talks Go On: Markets Wrap
  Yahoo/Bloomberg
• Wall Street ends at record highs as investors eye fiscal stimulus
  Reuters
• U.S. Republicans seek firm end to Fed's coronavirus loans, complicating aid talks
  Reuters
• U.S. Cyber Agency: Computer Hack Poses 'Grave Risk'
  NPR
• Nuclear weapons agency breached amid massive cyber onslaught
  Politico
• Hackers Tied to Russia Hit U.S. Nuclear Agency, Three States
  Yahoo/Bloomberg
• The suspected Russian hack of the US government, explained
  CNN
• As pandemic rages across U.S., Congress scrambles to reach relief deal
  Reuters
• California Activates 'Mass Fatality' Program As State Sets New Virus Records
  NPR
• CA COVID update: ICU capacity drops to 0% in Southern California as state reports 379 new deaths, shattering record
  KABC
• Fed's Main Street lending sees record volume in closing days
  Reuters
• U.S. stock funds shed $5 billion in week -Lipper
  Reuters
• I Was the Homeland Security Adviser to Trump. We’re Being Hacked.
  NYT
• Hijacking the Fed to Bail Out States
  WSJ

Thursday, December 17, 2020

Afternoon

• S&P 500, Nasdaq at record highs as stimulus bets offset higher jobless claims
  Reuters
• Oil prices rise, touch 9-month high on U.S. stimulus progress
  Reuters
• Covid live updates: Congress closes in on relief bill; 46,000 businesses slash 401(k) funding
  CNBC
• U.S. Sees ‘Grave Risk’ as Scope of Russia-Linked Hacking Widens
  Yahoo/Bloomberg
• As coronavirus aid talks drag on, U.S. Congress prepares stopgap vote to avoid shutdown
  Reuters
• New York’s Plummeting Real Estate Sales Cost City $1.2 Billion
  Yahoo/Bloomberg
• Home-flipping profits are the highest in 20 years, but fewer are doing it
  CNBC
• Risky Loans Secure Private-Equity Payouts Despite Downturn
  WSJ
• US cyber hack poses ‘grave risk’ to critical infrastructure
  FT

General

• Stocks Rise With Weak Data Fueling Aid-Deal Bets: Markets Wrap
  Yahoo/Bloomberg
• Stimulus hopes boost stocks to record; bitcoin soars
  Reuters
• Dollar gets global beating as stimulus, Brexit boost risk appetite
  Reuters
• Gold Bulls Take Heart From the Fed’s Resolve as Dollar Softens
  Yahoo/Bloomberg
• Close but not yet: Deal near on COVID-19 economic aid bill
  AP
• U.S. Congress wrangles over details of coronavirus economic aid as deadline approaches
  Reuters
• U.S. weekly jobless claims increase further
  Reuters
• U.S. Housing Starts Rose For a Third-Straight Month in November
  Yahoo/Bloomberg
• States grapple with next steps on evictions as crisis grows
  AP
• Powell Sees Light at End of Tunnel and Policy Staying Very Easy
  Yahoo/Bloomberg
• European Parliament Sets Sunday Deadline for Deal: Brexit Update
  Yahoo/Bloomberg
• Covid live updates: French President Macron tests positive; snow blasts U.S. Northeast amid vaccine rollout
  CNBC
• Vaccinations reach nursing homes as California faces crisis
  AP
• Macron tests positive for COVID-19, forcing leaders to self isolate
  Reuters
• Tokyo says COVID-19 strain on hospitals severe, raises alert to highest
  Reuters
• Germany to Sell Record Debt of Up to $576 Billion in 2021
  Yahoo/Bloomberg
• 10 States Accuse Google of Abusing Monopoly in Online Ads
  NYT
• Workers Tap Retirement Savings as a Last Resort
  NYT
• Powell preserves his dovish credentials at tricky moment for Fed
  FT
• US intelligence agencies warn large-scale cyber hack is ongoing
  FT

Wednesday, December 16, 2020

Evening

• Asia Stocks to Track U.S. Gains; Bonds Dip on Fed: Markets Wrap
  Yahoo/Bloomberg
• Stocks Rise on Aid Talks as Bonds Drop After Fed: Markets Wrap
  Yahoo/Bloomberg
• Fed to Maintain Bond Buys Until ‘Substantial’ Economy Gains Seen
  Yahoo/Bloomberg
• Fed vows to buy bonds until it sees 'substantial progress' in economic recovery
  Reuters
• Powell Busts Out Fed Model to Defend High Equity Valuations
  Yahoo/Bloomberg
• Covid live updates: Fauci says U.S. could return to normal by mid-fall if most people are vaccinated
  CNBC
• California adds over 40,000 new Covid-19 cases in one day as Americans await vaccine rollout
  CNN
• Powell says stock prices are not necessarily high considering the low level of interest rates
  CNBC
• Texas and nine other states file new antitrust lawsuit against Google — here’s the full complaint
  CNBC
• Exclusive-U.S. trade czar Lighthizer's advice for Biden on China: "Hold their feet to the fire"
  Reuters
• Fed Reinforces Plans to Provide Open-Ended Stimulus to Spur Recovery
  WSJ
• America’s Zombie Companies Rack Up $2 Trillion of Debt
  Yahoo/Bloomberg
• Fed Reinforces Plans to Provide Open-Ended Stimulus to Spur Recovery
  WSJ
• Fed to extend debt purchases to boost flagging US economy
  FT

Afternoon

• Stocks Mixed, Bonds Fall After Fed Amid Aid Talks: Markets Wrap
  Yahoo/Bloomberg
• Fed commits to keep buying bonds until the economy gets back to full employment
  CNBC
• Texas leads new antitrust lawsuit against Google targeting ad tech
  CNBC
• Relief Plan Includes Payments, Jobless Benefits: Congress Update
  Yahoo/Bloomberg
• Covid live updates: Lawmakers scramble to get stimulus checks to individuals as retail sales tank in November
  CNBC
• Brazil Risks a ‘Lost Decade’ Without Fiscal Reforms, OECD Says
  Yahoo/Bloomberg
• U.S. Homebuilder Confidence Eases From Record, Remains Robust
  Bloomberg

General

• Stocks hit record highs on vaccine, stimulus, Brexit deal hopes
  Reuters
• Pound, Euro Rise to Multi-Year Highs on Brexit Hope, Weak Dollar
  Yahoo/Bloomberg
• U.S. retail sales decrease more than expected in November
  CNBC
• McConnell and Schumer say they hope to strike a Covid aid, funding deal ‘soon’ after leaders meet
  CNBC
• U.S. Congressional leaders report progress in talks for fresh COVID-19 aid
  Reuters
• Fed faces tricky act balancing impact of vaccines against economic pain
  Reuters
• New coronavirus strain spreading in UK has key mutations, scientists say
  Reuters
• Fishing Rights Are Now Major Last Hurdle, EU Says: Brexit Update
  Yahoo/Bloomberg
• Australia to Challenge China at the WTO as Tensions Escalate
  Yahoo/Bloomberg
• Euro zone economy exceeded expectations in Dec but still shrank -PMI
  Reuters
• Massive first day IPO gains evoke 'bubble' risk in Asian capital markets
  Reuters
• Fed Mulls Shift in Bond Buying Program: FOMC Decision-Day Guide
  Bloomberg
• Alarm Bells for Both Bulls and Bears Signal Choppy U.S. Year-End
  Bloomberg
• Chinese Clothing Giant Defaults on Second Domestic Yuan Bond
  Bloomberg
• Fed Closes Out Wild Year as All Eyes Focus on Bond-Buying Program
  NYT
• December Fed Meeting to Focus on Asset Purchases
  WSJ
• Spectre of inflation flare-up threatens historic bond rally
  FT

Evening

• Asia Stocks to Climb as U.S. Rallies Before Fed: Markets Wrap
  Yahoo/Bloomberg
• U.S. Stocks Climb, Bonds Fall on Stimulus Bets: Markets Wrap
  Yahoo/Bloomberg
• Hopeful sign: Midwestern states see drop in new virus cases
  AP
• Congressional leaders to meet for second session amid rush to strike Covid relief, funding deal
  CNBC
• The Fed could disappoint markets Wednesday, even if it keeps a super dovish tone
  CNBC
• China, Japan cut U.S. Treasury holdings in October - data
  Reuters
• China Eyes Economic Goals for Next Year as Debt Levels Soar
  Yahoo/Bloomberg
• Vanguard Makes History With the First $1 Trillion Equity Fund
  Yahoo/Bloomberg
• Fannie, Freddie Slump as Mnuchin Rules Out Freeing Companies
  Yahoo/Bloomberg
• Illinois Plans to Cut More Than $700 Million from Budget
  Yahoo/Bloomberg
• EU warns that it may break up Big Tech companies
  FT

Tuesday, December 15, 2020

Afternoon

• U.S. Stocks Rise on Aid-Deal Bets; Treasuries Drop: Markets Wrap
  Yahoo/Bloomberg
• Gold Climbs on U.S. Stimulus Outlook, Fed Bets, Virus Lockdowns
  Yahoo/Bloomberg
• Treasuries - Longer-term yields rise as investors watch Washington
  Reuters
• Congressional leaders to meet on Covid relief and government funding as deadlines loom
  CNBC
• Covid live updates: NYE in Times Square closed to the public; FDA releases data on Moderna vaccine side effects
  CNBC
• Majority of small U.S. businesses see worst coronavirus impact still ahead -poll
  Reuters
• Cities Save Hotels, Arenas From Bond Defaults After Pandemic Hit
  Bloomberg
• Tech Giants Face New Rules in Europe, Backed by Huge Fines
  WSJ
• Fed joins central bankers backing Paris climate goals
  FT

General

• U.S. Stocks Rebound After Four-Day Slump: Markets Wrap
  Yahoo/Bloomberg
• Wall Street rises on stimulus hopes; Fed meet in focus
  Reuters
• Dollar heavy amid stimulus progress, pound buoyed by Brexit hopes
  Reuters
• Gold Climbs as Stimulus, Fed and Fresh Lockdowns Support Advance
  Yahoo/Bloomberg
• FDA staff endorses emergency use of Moderna’s Covid vaccine in a critical step toward approval
  CNBC
• More U.S. Homeowners Seek to Delay Mortgage Payments
  Yahoo/Bloomberg
• Explainer: How bad is the hack that targeted US agencies?
  AP
• Covid live updates: U.S. hospitalizations top 110,000 as vaccine rollout continues
  CNBC
• Goldman Sachs CEO David Solomon said that 90% of small businesses have exhausted PPP funds
  CNBC
• Fleeing New Yorkers resulted in an estimated $34 bln in lost income -study
  Reuters
• China Offers $145 Billion to Banks as Cash Supply Tightens
  Yahoo/Bloomberg
• China's factory recovery steps up as export, consumer demand grows
  Reuters
• China’s Recovery Gathers Pace, Setting Up Strong Growth for 2021
  Yahoo/Bloomberg
• Mnuchin Rules Out Freeing Fannie-Freddie Before Biden Takes Over
  Bloomberg
• China's Nov property investment growth slows as land purchases weaken
  Reuters
• China’s Tougher Delisting Rules Send Weakest Stocks Plunging
  Bloomberg
• Suspected Russian Hack Said to Have Gone Undetected for Months
  WSJ
• The U.S.-China Tech War Won’t End Under Biden
  WSJ
• Fannie, Freddie Privatization Decisions Likely to Be Left to Biden Administration
  WSJ
• Federal Reserve’s final meeting of 2020: four things to watch
  FT
• China suspends top credit rating agency as defaults hit market
  FT
• El-Erian: The risks that investors should prepare for in 2021
  FT

Monday, December 14, 2020

Evening

• U.S. Stocks Fall for Fourth Day; Dollar Weakens: Markets Wrap
  Yahoo/Bloomberg
• S&P 500 ends down, Walt Disney weighs
  Reuters
• Dollar falls, sterling jumps as Brexit deal hopes lift risk appetite
  Reuters
• Dueling paths for coronavirus relief, budget bills as U.S. Congress enters key week
  Reuters
• GOP Senator Expects Relief Bill by Mid-Week: Congress Update
  Yahoo/Bloomberg
• US agencies, companies secure networks after huge hack
  AP
• WHO says authorities investigating new COVID-19 variant in England
  Reuters
• U.S. sanctions NATO ally Turkey over purchase of Russian defense system
  Reuters
• More U.S. Homeowners Seek to Delay Mortgage Payments
  Bloomberg
• China Set to Plug Liquidity Gap as $92 Billion of Funds Mature
  Bloomberg
• The Rising Cost to Feed Animals Is Squeezing Meat Producers
  Bloomberg
• With Americans Stuck at Home, Trade With China Roars Back
  NYT
• UK warns of threat from new Covid-19 variant
  FT

Afternoon

• U.S. Stocks Pare Gains; Dollar Weakens With Oil: Markets Wrap
  Yahoo/Bloomberg
• Bipartisan group to release Covid relief bill as Congress faces pressure to send help
  CNBC
• Covid live updates: New virus variant spreading in UK; Pfizer vaccine ships out in U.S.
  CNBC
• U.S. consumers uncertain about labor market, finances -New York Fed survey
  Reuters
• NYC Should Prepare for Full Shutdown Possibility, Mayor Says
  Yahoo/Bloomberg
• A Fed Failure to Deliver Could Finally Push U.S. Yields Above 1%
  Yahoo/Bloomberg
• New variant of Covid-19 identified in UK, minister says, as London heads back into strict lockdown
  CNN
• Distressed Commercial-Property Sales Seen Surpassing Last Crisis
  Yahoo/Bloomberg
• U.S. Financial Conditions Easiest on Record, Goldman Sachs Says
  Bloomberg
• Germany braced as hard lockdown set to trigger double-dip recession
  FT

General

• Stocks Set Bullish Tone as Pound Surges: Markets Wrap
  Yahoo/Bloomberg
• Dollar falls; sterling up 1.5% as Brexit deal hopes lift risk appetite
  Reuters
• Oil prices edge up on hope vaccines will improve fuel demand
  Reuters
• U.S. Congress in sprint to fund government, approve COVID-19 emergency aid
  Reuters
• Covid live updates: Pfizer vaccine ships out, first shots expected Monday
  CNBC
• Explainer-What happens when the U.S. Electoral College meets on Monday?
  Reuters
• 'Dissonance' confronts Fed, with vaccine weighed against joblessness
  Reuters
• Fed Expected to Offer New Guidance, Not Action, on Bond Buying
  Yahoo/Bloomberg
• Barnier Tells EU Envoys Deal Could Come This Week: Brexit Update
  Yahoo/Bloomberg
• China's new home prices slow in November as market-cooling steps take hold
  Reuters
• Goldman Strategists Say SPACs May Spur $300 Billion M&A Activity
  Yahoo/Bloomberg
• Covid Is Accelerating the Exodus From New York and California to Cheaper States
  Bloomberg
• Vaccine Boosts Fed Confidence That Worst-Case Outcomes Can Be Avoided
  WSJ
• America’s Small Stocks Are Leading the Market’s Charge
  WSJ

Sunday, December 13, 2020

Evening

• Dow futures rise 150 points, stocks attempt to bounce back from losing week
  CNBC
• Pound Rises in Early Trade as Brexit Talks Extend: Markets Wrap
  Yahoo/Bloomberg
• Coronavirus live updates: CDC director signs off on Pfizer vaccine with first shots expected tomorrow
  CNBC
• Hoyer suggests U.S. Democrats might do without state, local aid for COVID-19 relief
  Reuters
• US looking into possible computer hacks of federal agencies
  AP
• Fed meeting, Retail sales: What to know in the week ahead
  Yahoo Finance
• Protesters clash during rallies in Washington state and Washington, D.C.
  CNBC
• Full $908 Billion Pandemic Bill Coming Monday, Democrat Says
  Bloomberg
• Ferguson: After the Pandemic, a Pile of IOUs
  Bloomberg

General

• Historic U.S. COVID vaccine campaign launches with convoy of trucks
  Reuters
• Coronavirus live updates: Vaccine doses are shipping to all 50 states with delivery expected Monday
  CNBC
• Leaders to push Brexit trade talks beyond Sunday deadline
  Reuters
• Merkel Orders Germany Into Hard Lockdown as Infections Swell
  Yahoo/Bloomberg
• Americans ‘increasingly believe that their own institutions don’t work’
  Yahoo Finance
• Mutual Funds Bleed $469 Billion as ETFs Triumph in Zero-Sum 2020
  Bloomberg
• Relentless China Inflows Spur Call for Strongest Yuan Since 1993
  Bloomberg
• China Pledges Better Supervision of Bond Credit Rating Industry
  Bloomberg
• Are Tesla’s Shares Worth $90 or $780? Wall Street Can’t Decide
  Bloomberg
• As Pfizer’s Covid-19 Vaccine Rolls Out, Next Step Is Getting People to Take It
  WSJ
• Getting Covid Vaccines to People Will Cost States Billions They Don’t Have
  WSJ
• Fed poised to extend crisis bond-buying programme
  FT
• Will the Fed adjust its asset purchase programme?
  FT
• Beijing racks up the points in its great game against Washington
  FT