This week the Federal Reserve raised its interest rates. The Italian government decision to present a higher than expected budget deficit rattled the markets. Italy is one of the major economies in the Euro-area and it has a massive public debt issues. Another week with more drama in the Tesla saga. SEC sued Elon Musk for fraud, and the stock took a dive. Otherwise, trade issues continue to linger between US and China. Earnings are around the corner and the markets eager to see if all these macro issues have had any effect on the earnings.
Economy, Trade & Fed
Fed Raises Interest Rates, Signals One More Increase This Year from WSJ
The Fed’s Not Backing Off: Powell’s Standouts & Zingers at the Press Conference via Wolf Street
As Fed Raises Rates, Consumers Have Yet to Feel the Sting by WSJ
Italy’s government agrees sharply higher public spending plan from FT
Investors Should Call Italy’s Bluff via WSJ
Euro zone lending growth edges higher to fresh post-crisis high via Reuters
Eurozone Economic Growth Rate Falls Further Behind U.S from WSJ
President-Elect of Mexico’s Bombshell: Economy in “Situation of Bankruptcy” by Wolf Street
One of Global Finance’s Biggest Doctors Warns: The World Economy Is About to Get Very Sick from Common Dreams
Chinese household debt hits record high, study shows via FT
Year of the Pricey Pig: Investors Fret About Chinese Inflation from WSJ
How China Systematically Pries Technology From U.S. Companies by WJ
American creditors say China should honour pre-Communist debts from The Economist
EU Plan to Sidestep Iran Sanctions Won’t Keep Oil Flowing from Bloomberg
Markets / Companies
SEC hits Elon Musk with fraud suit, demands ouster from Tesla via Politco
Bezos Unbound: Exclusive Interview With The Amazon Founder On What He Plans To Conquer Next by Forbes
Amazon Is Opening New York Store to Sell Highly Rated Products via WSJ
No Sex Please, We’re Apple: iPhone Giant Seeks TV Success on Its Own Terms from WSJ
Facebook Is Giving Advertisers Access to Your Shadow Contact Information by Gizmodo
An internal war is raging over Google’s China search engine, says the man who walked out over the plans via Business Insider
Tech Giants Spend $80 Billion to Make Sure No One Else Can Compete from Bloomberg
Deutsche Bank ordered to do more to prevent money laundering from Reuters
What Is Spotify Doing? By Vulture
Crypto and Cannabis Are the Perfect Post-Crisis Bubbles from Bloomberg
Uber drivers and other gig economy workers are earning half what they did five years ago via Recode
Lyft Shows Financial Improvement Ahead of IPO Filing from The Information
Monsanto’s global weedkiller harms honeybees, research finds by The Guardian
Special Report: Juul copycats flood e-cig market, despite FDA rule via Reuters
Ruble Rides Renewed Oil Liaison as Russia Looks the Other Way from Bloomberg
Lumber prices fall 45% this year, sending macro message? By Kimble Charting Solutions
Masayoshi Son, SoftBank, and the $100 Billion Blitz on Sand Hill Road via Bloomberg
Crypto
Crypto Meets Wall Street as Bitcoin Mining Giant Bitmain Files for IPO from WSJ
What Bitcoin’s dominance says about the state of the crypto market via VentureBeat
Cryptocurrency Coalition to Pay D.C. Lobbyists in Digital Coins by Bloomberg
Oil and Water: Crypto Index Investing by Medium
Gemini dollars: The most promising thing to happen to crypto in months from VentureBeat
Bitmain sponsors NBA’s Houston Rockets as cryptocurrency goes mainstream via SCMP
Research / Interesting Reads
A stats-based look behind the venture capital curtain via Medium
True Overlords Don’t Work This Hard by Law and Liberty
Driverless Hype Collides With Merciless Reality from WSJ
A Trend Equity Primer by Flirting With Models
FOMO in China is a $7 billion industry from MarketPlace
How tensions with the West are putting the future of China’s Skynet mass surveillance system at stake via SCMP
Make Hay While The Sun Shines by White Coat Investor
Lay Down the Law from Humble Dollar