Morning News: August 1, 2023
Posted by Eddy Elfenbein on August 1st, 2023 at 7:05 am

War, AI and Climate Change Shake Up $32 Trillion in Global Trade

Global Demand for Coal Is Bringing Mayhem to South African Towns

Solar Supply Chain Grows More Opaque Amid Human Rights Concerns

The U.S. Clean-Energy Company That Hit the Subsidies Jackpot

BP Says $6.8 Billion German Offshore Wind Bet Will Make Money

Occidental, Adnoc Agree to Team up on Carbon Capture Investments

Ratings Firms Struggle With Climate Risk in $133 Trillion Market

A New Worry for Mexicans in the U.S.: The Strong Peso

China Asks Some Banks to Reduce or Delay Dollar Buying

Goldilocks and the Bidenomics Bears

Wall Street Economists Are Looking at a September Rate Pause

In Marc Rowan Era, Apollo Is Working to Shed Its Ruthless Image

HSBC Rides Rising Rates to Double Its Income, Launches $2 Billion Share Buyback

BP Boosts Dividend Even as Profit Slumps 70% to $2.6 Billion

Merck Earnings Top Expectations. More M&A Could Be Next.

New Factories Are Coming to the US, Even as Existing Ones Struggle

Local Malls, Stuck in ‘Death Spiral,’ Plunge in Value

Disney Goes Back to the Future

Uber Delivers First-Ever Operating Profit in Drive to Curb Losses

Elon Musk Is Finally Cracking Tesla’s Invincibility Shield

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Morning News: July 31, 2023
Posted by Eddy Elfenbein on July 31st, 2023 at 7:05 am

China Is Trying to Make Its Gloomy Consumers Spend More

Why China’s Miracle Growth Story May Be Coming to an End

Russia Takes Its Ukraine Information War Into Video Games

A Spending Boom Fuels Russia’s Wartime Economy, Raising Bubble Fears

Why One Country Is Struggling to Break Away From Russian Gas

Extreme Heat and Aging Power Grids Are a Deadly Combination

A Record $90 Billion in Ship Orders Loom Over Boom-Bust Industry

Asia’s Richest Families Fuel Race for Lucrative Finance Jobs

Traders Brace for $102 Billion Wave of Treasury Bond Sales

Why the Drivers of Lower Inflation Matter

Clock on the Fed’s ‘Soft Landing’ May Already Be Ticking

Why the FTC’s Lina Khan Is Taking on Big Tech, Even if It Means Losing

Lots of US Homeowners Want to Move. They Just Have Nowhere to Go

Has America’s Air Travel Boom Peaked?

Elon Musk’s Unmatched Power in the Stars

Walmart Buys Tiger Global’s Flipkart Stake for $1.4 Billion

After $700 Million U.S. Bailout, Trucking Firm Is Shutting Down

Ford Realizes Customers Can’t Quit Hybrids

Is It an E-Bike, or a Motorcycle for Children?

China-Founded Rivals Shein and Temu Ramp Up War for American Shoppers

That Cool New Bookstore? It’s a Barnes & Noble

The Psychedelics Stock Universe Is Shrinking, Despite the Hype

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Morning News: July 28, 2023
Posted by Eddy Elfenbein on July 28th, 2023 at 7:03 am

China’s Push to Expand BRICS Membership Falters

Europe Avoids China’s Belt and Road Forum, Keeping a Distance From Xi and Putin

Europe Vowed to Make Russia Pay for the War. It’s Not That Easy

Global Bonds Slide on Surprise Bank of Japan Move

He Held Up a Bank to Get His Own Money

Social Security’s Next Cost-of-Living Raise Is Forecast Around 3%

Wall St. Pessimists Are Getting Used to Being Wrong

Why ‘Soft Landing’ Optimists Shouldn’t Celebrate Just Yet

$2 Billion Default Followed Warnings to Everyone but Investors

What Fed Hikes? Much of America’s Consumer Debt Is Still Riding Ultralow Interest Rates

The Extreme Solutions That Can Fix Climate Change

Exxon and Chevron Stalk More Shale Deals as Profits Dip

Volkswagen Seeks to Reclaim China Crown in Deal With EV-Maker XPeng

Ford Raises Profit Forecast Despite Steeper EV Losses

5 Ways That Buying a Car Has Drastically Changed

Biogen to Buy Reata for $7.3 Billion in Rare-Disease Expansion

Aided by A.I. Language Models, Google’s Robots Are Getting Smart

P&G Earnings Show Its Pricing Power Endures

The Former Banker Gambling on FanDuel’s American Dream

Adidas Plans Sale of Second Yeezy Batch to Eat Into Stockpile

Wanted: Turnaround Artist to Revive Tired Clothing Brand. Apparel Experience Optional

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Morning News: July 27, 2023
Posted by Eddy Elfenbein on July 27th, 2023 at 7:05 am

How Bad Is China’s Economy? Millions of Young People Are Unemployed and Disillusioned

The Skyrocketing Toll of the Billion-Dollar Climate Disaster

Biden’s ‘Made in America’ Pledge Collides With His Climate Goals

An American Energy Giant Sees Israel as a Springboard to Europe

Shell and TotalEnergies Profits Cut in Half by Lower Oil Prices

Federal Reserve Raises Interest Rates to 22-Year High

GDP Data Set to Reinforce Fed View the US Will Avoid Recession

The Economy Has Defied Expectations. Here’s What to Focus On in the GDP Data

Stock Pickers Are Missing Out on Tech Boom Thanks to 80-Year-Old Rules

A Brexit Champion’s Feud With His Elite Bank Brings a C.E.O. Down

A Beach Club Dinner and Jamie Dimon’s Touch: How PacWest Was Rescued

European Commercial Property Deals Drop 58% to Lowest Since 2010

Hamptons Luxury Bidding Wars Hit Record High Even as Prices Sag

Florida’s Flood of New Wealth Boosts High-Speed Train Bonds

Warren and Graham Team Up to Take on Big Tech

Microsoft Faces European Antitrust Investigation Over Bundling of Teams Software

Netflix Reworks Microsoft Pact, Lowers Ad Prices in Bid for Growth

Researchers Poke Holes in Safety Controls of ChatGPT and Other Chatbots

AI in Hollywood Has Gone From Contract Sticking Point to Existential Crisis

Tesla Owners Have Soured on Elon Musk, But Still Love Their Model 3s

McDonald’s Sales, Profit Beat Estimates as Diners Flock to Chain

More Income for the Supreme Court: Million-Dollar Book Deals

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Morning News: July 26, 2023
Posted by Eddy Elfenbein on July 26th, 2023 at 7:05 am

Subsidy Wars Heat Up With US Allies Forced to Pay Up or Lose Out

How Financial Crises Shaped the Federal Reserve

Powell Has Stopped Handing Gifts to Wall Street on Fed Day

Private Equity Finally Gets a Piece of the Banking Crisis

Deutsche Bank’s Rising Costs Take Shine Off Debt Trading Beat

Elon Musk the Banker Wants to Take On Dimon Where Google Failed

Banc of California Agrees to Buy PacWest as Regional Lenders Seek Strength Together

Indiana and Midwest Take Top Slots in WSJ/Realtor.com Housing Index

Thirsty Data Centers Are Making Hot Summers Even Scarier

San Francisco’s Office Demand Surges, Largely Thanks to AI Companies

Microsoft, Alphabet Earnings Lay Bare the AI Hype. Why Patience Is Needed

The Luxury Home Market Confronts Its New Reality: Not Enough Buyers and Sellers

UPS Blinked, Teamsters Leader Says, Clearing Way for Labor Deal

AT&T Tops Profit, Cash Flow Estimate as Customer Growth Dips

Samsung to Launch New Galaxy Z Fold, Flip Phones Amid Slow Adoption So Far

Elon Musk’s Rebranded Twitter Cuts Ad Prices

How Jack Ma’s Ant Group Is Inching Toward IPO Reboot

Boeing’s Quarterly Results Top Expectations as Airplane Deliveries Pick Up Pace

Coca-Cola Earnings, Sales Beat Street Forecasts As Drinks Maker Follows PepsiCo With Price Hikes

Joe Lewis, Billionaire Owner of Tottenham Hotspur, Charged with Insider Trading

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Morning News: July 25, 2023
Posted by Eddy Elfenbein on July 25th, 2023 at 7:07 am

How America Drives Gun Exports and Fuels Violence Around the World

Russia Strikes Danube Port, Escalating Attacks on Ukraine Grain Routes

The Little Known Metals Giant that Rules a Global Market

Warren Buffett Lifts Fossil Fuel Bets

China’s New Central Banker Once Fixed a Crisis. He May Need to Again

I.R.S. Halts Surprise Visits to Homes and Businesses

Clash of Fed Doves and Hawks Over Rates Deepens

Sensing End of Fed Hikes, Some Investors Return to Dividend Stocks

FDIC Scolds Banks for Manipulating Deposit Data

UBS Is Fined Nearly $400 Million in Credit Suisse’s Archegos Mess

The World Tied $3.5 Trillion-Plus of Debt to Inflation. The Costs Are Now Adding Up

How to Fight Inflation When Consumers Think Home Prices Can Only Go Up

Tech Firms Once Powered New York’s Economy. Now They’re Scaling Back

GE Boosts Outlook on Aerospace Gains, Rebound in Renewables

Slow Battery Production Crimps G.M.’s Electric Vehicle Rollout

Musk Explains Why He’s Dumping Twitter Name and Iconic Logo

TikTok’s Next Plan for U.S. Dominance: Selling Made-in-China Goods

A Soap Maker Cracks the Code to ‘Made in America’

Unilever Says Inflation Has Peaked as Sales Growth Rises

At Spotify, Podcast Cuts and Higher Music Royalties Deepen Losses

‘Barbenheimer’ Weekend Was a Real Team Effort

Parents Hire $4,000 Sorority Consultants to Help Daughters Dress and Impress During Rush

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Morning News: July 24, 2023
Posted by Eddy Elfenbein on July 24th, 2023 at 7:05 am

China Holds Off on Major Stimulus as It Signals Property Easing

Housing-Market Rebound Poses Challenge for Fed’s Inflation Fight

Why the Fed Isn’t Ready to Declare Victory on Inflation

It’s Taylor Swift’s Economy, and We’re All Living in It

The Great M&A Slump Is Shaking Up Giants of Investment Banking

What Is the ‘Basel III Endgame’ and Why Are Banks Worked Up About It?

Wall Street Is Grappling With Crypto’s Trillion-Dollar Custody Question

OpenAI’s Sam Altman Launches Worldcoin Crypto Project

Why Businesses Can’t Stop Asking for Tips

Big Pharma Bets Big on China

Drugmakers Are ‘Throwing the Kitchen Sink’ to Halt Medicare Price Negotiations

Apple Aims to Keep iPhone Shipments Steady Despite 2023 Turmoil

Musk Makes Fan-Created ‘X’ Twitter’s New Logo in Abrupt Change

Tesla Is Lapping Germany’s Automakers in the Global EV Race

Why GE Shares Are Hotter Than Apple, Meta or Tesla

AT&T, Verizon Investors Have More Than Lead Cables to Worry About

3M’s Dark Chapter Deepens as CEO Faces Beaten Down Investors

How a Mexican Lager Quietly Rose to Become America’s Best-Selling Beer

At Hotel Spas, CBD Oil Nets 900% Markups—and Guests Pay Happily

‘Barbie’ Box Office to the World: The Pandemic Is Officially Over

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Morning News: July 21, 2023
Posted by Eddy Elfenbein on July 21st, 2023 at 7:03 am

Africa’s Most-Developed Nation Is on the Brink of Chaos

Russia Boosts Rates as Ukraine War Costs Mount

Ukraine to Seize Russian-Controlled Bank in Bid to Curb Moscow’s Influence

Why Is Switzerland — of All Places — Importing So Much Cheese?

Untangling the U.S. From China’s Economy Is Messy

America’s Rise as an Energy Export Powerhouse Hinges on One Town

Americans Feel Better About the Economy. Should We Believe Them?

US Recession Becomes Closer Call as Economists Rethink Forecasts

Billionaire Sternlicht Sees ‘Category 5 Hurricane’ Spurred by Fed Rate Hikes

UPS Strike Would Deal Blow to Inflation Fight, Supply Chain

Microsoft-Activision Antitrust Win Raises M&A Revival Hopes

Sergey Brin Is Back in the Trenches at Google

Threads User Engagement Continues to Drop, Adding Urgency for New Features

Lawmakers Challenge Ford and Chinese Battery Partner Over Forced Labor

Your C.F.O., a ‘Fraction’ of the Time

With Hollywood on Strike, a Bright Spot in New York’s Economy Goes Dark

Searching for Someone to Deliver a Hollywood Ending

She Was the Oppenheimer of Barbie. Her Invention Blew Up.

Tour de France Cycling Boom Helps French Family Firm Make Half a Billion Euros

Latest Wild FTX Allegations Include Plan to Buy Island of Nauru to Survive Cataclysm

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Morning News: July 20, 2023
Posted by Eddy Elfenbein on July 20th, 2023 at 7:05 am

Wheat Soars After US Warns of Explosives at Ukrainian Sea Ports

Brazil’s All-Powerful Sugar Industry Is Souring the Country on EVs

Why Heat Waves Are Deepening China’s Addiction to Coal

A $15 Billion Oil Debt Spawns a Black Market in Mexican Fixers

The Biggest Winners in America’s Climate Law: Foreign Companies

TSMC Delays Start of First Arizona Chip Factory, Citing Worker Shortage

Could the Recession in the Distance Be Just a Mirage?

Selloffs, Inequality, China Tension: Here Are the Next Big Risks

The Hiring Boom Is Hiding a Recession Signal

Fed Wants Paychecks to Hit Bank Accounts in a Flash

Fed Seen Hiking Final Time to a 22-Year Peak in Economist Survey

‘Passport King’ Builds Quant Trading Fortune

Blackstone’s $1 Trillion Triumph Is Muted by Deal Slowdown

Apollo to Launch Private Fund in Asset-Based Financing Buildout

KeyCorp Second-Quarter Profit Halves on Higher Loan Loss Provisions

SAIC, Audi Reach Agreement on Electric Vehicle Cooperation

Netflix Password-Sharing Crackdown Delivers Jolt of New Subscriber Growth

Not Even Tom Cruise Can Charm China’s Moviegoers Into Seeing Hollywood Films

How TV Writing Became a Dead-End Job

Adidas and Ye’s Secret Battle Over a $100 Million Marketing Fund

Inside the Private Writings of Caroline Ellison, Star Witness in the FTX Case

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Morning News: July 19, 2023
Posted by Eddy Elfenbein on July 19th, 2023 at 7:06 am

U.K. Inflation Rate Slows to 7.9 Percent, as Price Pressures Ease

Markets Cheer U.K. Inflation Slowdown but Pain Remains for Households

U.S. Rate Rises Hit the Yen Hard, but Now It’s Staging a Comeback

A $500 Billion Corporate-Debt Storm Builds Over Global Economy

High-Tech Subsidy Wars Widen Global Divide

In London, New York and Paris, a Giant Office Bet Is Going Wrong

Private Equity Titans Tap Sovereign Wealth to Get Deals Done

Biden’s Anti-Trust Team Isn’t Backing Down From a Fight

Goldman Sachs Profit Tumbles on Real Estate Hits, Banking Slump

Morgan Stanley Moves 200 Tech Experts From China on Data Law

Wall Street Gets New ETF Offering 100% Downside Protection

Tech Stocks, Meme Stocks, Crypto: Investors Are Feeling Bold Again

Big Tech Stocks Are About to Be Tested, and So Is the Whole Market

Americans Aren’t Rebuilding Their Savings Fast Enough

Meta Unveils a More Powerful A.I. and Isn’t Fretting Over Who Uses It

Microsoft and Activision Blizzard Still Committed to $75 Billion Merger

Carvana Soars After Reaching Debt Restructuring Deal

Homeowners Don’t Want to Sell, So Home Builders Are Booming

WeightWatchers Is Gambling Everything on Obesity Drugs

Taco Bell Wins ‘Taco Tuesday’ Trademark Dispute with Rival Chain

Kim Kardashian’s Skims Is Now Worth $4 Billion

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