Daily Reads 8/8/2019
Hi, everyone. We start off Thursday looking at the heated tensions between Trump and Jerome Powell. We’re seeing the Chinese value it’s yuan to its point in over ten years. We look back how bond ratings helped spur the financial crises, and why their return should concern you. Apple and Eli Lilly are exploring the ways in which device data from smartphones and watches can detect signs of dementia. And twelve months out from Musk’s infamous tweet, we look at where Tesla is today.
Investors are reacting not only to earnings and economic growth, but also to unpredictable moves by influential policymakers.
China’s central bank on Thursday set the official reference rate for the Chinese currency at 7.0039 yuan per dollar — the weakest level since April 21, 2008.
Credit-grading firms are giving out increasingly optimistic appraisals as they fight for market share in booming debt-securities markets
Apple has been adding health features to its iPhone and smartwatch, and is now working with Eli Lilly to see if data from the devices can help spot early signs of dementia.
Twelve months on from his infamous tweet, Musk’s car company faces the same question.