What we’re reading (8/14)
“Market Rebound Draws Wary Eye From Some Investors” (Wall Street Journal). “Stocks reached another milestone in their comeback last week, with the Nasdaq Composite rising more than 20% from its mid-June low to end its longest bear market since 2008. The rally has stirred a familiar debate: Will the rebound continue?”
“Activist Investor ValueAct Takes Stake In The New York Times” (New York Times). “ValueAct, an activist investor that has taken stakes in major companies including Microsoft, Reuters and 21st Century Fox, said on Thursday that it had bought nearly 7 percent of The New York Times Company’s common stock and would push for changes to some of the publisher’s business operations.”
“Rate Hikes And Recession Are Still In The Cards” (CNN Business). “There appears to be some confusion about the trajectory of prices in the US. That's partially because month-over-month inflation eased in July while year-over-year, it remained near historic highs. That raises an important question for consumers and investors alike: Is inflation peaking or not?”
“Can The F-150 Lightning Make Everyone Want A Truck That Plugs In?” (New York Times). “In the near future, the so-called Rust Belt, along with the Deep South, could become the Battery Belt. And the F-150 Lightning, paired with its growing slate of American-made competitors, could offer an all-around win: manufacturing revitalized, gas money saved, and the potential to curb the transportation sector’s leading 27 percent share of U.S. greenhouse gas emissions. A clean energy transition temptingly driven by strong, spacious, all-American vehicles with cultural cachet. A solution without sacrifice. Carrots, not sticks.”
“Asia Shares Edge Higher, Wary Of Fed Words” (Reuters). “Asian shares inched higher on Monday with investors anxious to see if Wall Street can sustain its rally as hopes U.S. inflation has peaked will be tested by likely hawkish commentary from the Federal Reserve this week.”
