Dr. Ed's Blog

November 28 (Monday)

Latest Morning Briefing Executive Summary: 2023 Is Coming!
The consensus is now bracing for a 2023 recession that tempers inflation and ends the Fed’s reign of tightening but also depresses corporate earnings, suggesting more downside for stocks’ valuation multiples. We’re more optimistic, expecting no broad-based recession but a rolling one, no continued bear market in stocks but sluggish earnings limiting their upside. … Both scenarios hinge on inflation: If it remains persistently high despite having peaked, expect a broad-based recession and all that entails. If not, the 2023 outlook will be brighter. … Also: A look at data supporting both soft- and hard-landing scenarios. … And: What the Fed might do next.
(subscribers’ link)

YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on November 14.

Markets
Stocks Are on the Rise, but Earnings Could Drag Them Down Again | W
Xi Jinping’s big bang for Chinese stock markets | E
Oil Prices Face Fresh Volatility With New Russia Sanctions, OPEC Decision | W

Global
Globalized Supply Chain Brings More-Turbulent Food Prices | W

Energy
The Next U.S. Energy Revolution Is Here | BR
The costs and consequences of Europe’s energy crisis are growing | E

US I
Why the nation is once again close to a devastating freight railroad strike | MSN
With unions aligned, timeline for rail strike and railroad emergency prep is now clear | MSN
Biden’s Railroad Deal Falls Apart | W

US II
New Help for a Group at Risk for Suicide: Middle-Aged Men | W
California’s Homelessness Problem Pits Gov. Gavin Newsom Against Mayors | W
Employers Rethink Need for College Degrees in Tight Labor Market | W
 
Europe
German Consumers Are Boosting the Economy. These Stocks Stand to Gain. | BR
Europe faces an enduring crisis of energy and geopolitics | E

China
China’s Economy Faces Challenges Despite Latest Moves to Stimulate Growth | W
Clashes in Shanghai as COVID protests flare across China | R
Protests against Covid controls erupt across China | C
China Could Reignite Its Growth. How to Play It While Limiting Risks. | BR

Geopolitics & trade
In Ukraine, living as normal is an act of defiance | E
Zelenskiy warns Ukraine to brace for more Russian attacks | R
South Korea govt plans first talks with striking truckers | R

Industries & companies
Logistics: The Logistics and Supply-Chain Slowdown Has Begun. Here’s How to Take Advantage. | W
Media: Disney is the biggest winner and loser at the Thanksgiving box office | C
Retail: Black Friday online sales top $9 billion in new record | C
Retail: Black Friday 2022: Walmart overtakes Amazon in shoppers’ search for bargains | C
Tech: Tech’s reality check: How the industry lost $7.4 trillion in one year | C

Technology
Quantum Computing Will Change the World. How to Play the Stocks. | BR

Beyond markets
Caroline Ellison Was a Little-Known Crypto Trader. Then FTX Collapsed. | NYT
What is long-termism? | E
The U.S. is ‘certainly’ still in a Covid-19 pandemic, Dr. Fauci says | C

November 21 (Monday)

Latest Morning Briefing Executive Summary: Thanksgiving In The Twilight Zone
While Covid-19 has upended life the world over, Americans have plenty of blessings to count this Thanksgiving. The US economy continues to grow, employment continues to expand, and consumers continue to spend. Although the single-family housing industry is in recession, multi-family housing starts are going strong. The auto industry is also doing well despite tighter credit conditions. Capital spending remains robust. The nasty supply-chain disruptions that had fueled high inflation appear to be over. And the US fossil fuel industry not only is meeting domestic energy needs but exporting to help meet Europe’s.
(subscribers’ link)

YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on November 14.

Markets
Energy shares, China COVID cases weigh on Wall St; Disney jumps | R

Central banks
Fed’s Aggressive Rate Hikes Are a Game Changer | W
The Federal Reserve Is Surely Not the Cause of Silicon Valley’s Swinging Ax | FO

Energy
U.S. Crude Oil Price Falls Below $80 a Barrel | W
Saudi Arabia Eyes OPEC+ Output Increase Ahead of Restrictions on Russian Oil | W
America must future-proof its energy sector with nuclear power | Washington Examiner

US
Stressed-Out Americans Plan to Buy Fewer Christmas Gifts, Donate Less to Charity | W
DeSantis, Others Draw Distinctions With Trump in 2024 GOP Nomination Race | W
Democrats must protect Social Security by raising the debt ceiling | The Hill

China
Mainland China reports first Covid-related deaths since Shanghai lockdown | C

Geopolitics & trade
China Turns to Back-Channel Diplomacy to Shore Up U.S. Ties | W
Top Russian official warns of possible nuclear accident at Zaporizhzhia | R
Explainer: Ukrainian nuclear plant shelled: Here’s what we know | R

Industries & companies
Media: How Elon Musk is changing Twitter, from mass layoffs to check marks | Vox
Media: ‘It’s over’: Twitter France’s head quits amid layoffs | R
Media: Disney blindsided Chapek with decision to replace him with Iger | C
Retail: Retailers Are Expecting Unpredictable Holiday Sales. These Companies Will Come Out On Top. | BR

Corporate finance
Biden grants PG&E $1.1 billion to keep Diablo Canyon nuclear plant open | C

Crypto
Is this the end of crypto? | E
Collapsed crypto exchange FTX owes top 50 creditors $3 billion: Filing | C

Beyond markets
NASA’s Orion spacecraft flies by the moon on Artemis 1 mission | C
Opinion | Musk, Bezos, Bankman-Fried, Trump: It Was a Bad Week for Billionaires | N
Sam Bankman-Fried tries to broker FTX bailout from his Bahamas home | C

November 19 (Saturday)

Latest Morning Briefing Executive Summary: On Consumers, Chips & The Oceans
Consumers are still spending robustly in many categories, as the surprisingly strong retail sales report for October showed. But Walmart and Target brass speaking on Q3 conference calls described heightened budget consciousness across income demographics. And while consumers have income, their balance sheets have been weakening as they take on more debt. … Are semiconductor stocks becoming attractive at their depressed valuations? Perhaps, but news this week reminds us why valuations are so depressed—demand is weak and analysts pessimistic. … Also: The oceans are about to get greener if innovative solutions employing AI, 3D printing, and low-tech dragnets succeed.
(subscribers’ link)

YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on November 15.

Markets
S&P 500 closes higher on Friday, but ends week with losses | C
Higher Rates Mean “Bonds Are Back,” JPMorgan’s Michele Says | B

Central banks
NY Fed: Bank liquidity may be tighter than thought, with policy implications | R
Fed’s Susan Collins Says Her View on Rate Hikes Unchanged by Recent Data | B

US
U.S. Home Sales Fell for Ninth Straight Month in October | W
As Republicans Take Command in House, Fight Over 2023 Farm Bill Looms | W

Geopolitics & trade
North Korea’s Kim Reveals Daughter to Public at ICBM Launch | B
Larry Summers Warns Very Risky for US to Aim at ‘Tearing China Down’ | B

Industries & companies
Airlines: What Do the Worst (and Best) Airports Look Like? Ask United Airlines | W
Autos: Tesla recalls 321,000 U.S. vehicles over rear light issue | R
Media: Musk’s Twitter Fix-It Team Fades Out as Billionaire Says Transition Is Almost Done | B
Retail: Home Depot and Lowe’s are booming in a housing market bust | C
Retail: Follow these rules from experts to get the most out of Black Friday | C
Tech: Why Everything in Tech Seems to Be Collapsing at Once | The Atlantic
Theme Parks: Disney Parks’ Ride Stoppages and Wait Times Grow as Ticket Prices Rise | W

Corporate finance
How Did AT&T’s $100 Billion Time Warner Deal Go So Wrong? | N

Climate
COP27 Agrees on Loss and Damage Fund for Vulnerable Countries, Officials Say | W

Crypto
They Lived Together, Worked Together and Lost Billions Together: Inside Sam Bankman-Fried’s Doomed FTX Empire | W
FTX launches strategic review, seeks court relief to pay critical vendors | C

Beyond markets
Theranos founder Elizabeth Holmes sentenced to over 11 years in prison | C

November 18 (Friday)

Latest Morning Briefing Executive Summary: On Consumers, Chips & The Oceans
Consumers are still spending robustly in many categories, as the surprisingly strong retail sales report for October showed. But Walmart and Target brass speaking on Q3 conference calls described heightened budget consciousness across income demographics. And while consumers have income, their balance sheets have been weakening as they take on more debt. … Are semiconductor stocks becoming attractive at their depressed valuations? Perhaps, but news this week reminds us why valuations are so depressed—demand is weak and analysts pessimistic. … Also: The oceans are about to get greener if innovative solutions employing AI, 3D printing, and low-tech dragnets succeed.
(subscribers’ link)

YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on November 15.

Markets
Wall Street seen opening higher but U.S. recession priced in | R
‘Exhausted’ sellers are behind the market’s strength | C

Central banks
Fed’s Bullard says rate hikes have had ‘only limited effects’ on inflation so far | C
ECB begins great cash mop-up as banks repay 296 bln euros of loans | R

Energy
Nord Stream: Sweden says explosives found at site of Russian pipelines | C
Oil heads for second weekly decline as demand concerns weigh | R
‘Indiscriminate use of hydrogen’ could slow energy transition: Report | C

US
Stagnant Scientific Productivity Holding Back Growth | W
Inflation and Unemployment Both Make You Miserable, but Maybe Not Equally | W
60% of Americans live paycheck to paycheck heading into 2022 holiday | C
Fearing Future Losses, More Republicans Look to Move On From Trump | W

China
Column: China’s fast-growing renewables limit coal generation | R

Industries & companies
Autos: GM investor day: Barra expects EV profit to be comparable to gas vehicles by 2025 | C
Media: What Elon Musk memo to Twitter workers means for his FTC troubles | MSNBC
Media: After Elon Musk’s ultimatum, Twitter employees start exiting | R
Retail: Early Black Friday ‘deals’ abound, but actual bargains are scarce | R
Tech: Meta Employees, Security Guards Fired for Hijacking User Accounts | W

Crypto
Opinion | Is This the End Game for Crypto? | NYT
Crypto firm Multicoin says contagion fallout from FTX will continue | C
Interview: Fallen crypto CEO Sam Bankman-Fried opens up about FTX, Alameda Research, and his regrets | Vox
FTX filing reveals slipshod accounting, freewheeling expenses, perks | C
FTX Disclosed Related-Party Transactions but Didn’t Name Names | W

Beyond markets
Taylor Swift public ticket sale canceled over extreme demand, Ticketmaster says | C

November 17 (Thursday)

Latest Morning Briefing Executive Summary: On Consumers, Chips & The Oceans
Consumers are still spending robustly in many categories, as the surprisingly strong retail sales report for October showed. But Walmart and Target brass speaking on Q3 conference calls described heightened budget consciousness across income demographics. And while consumers have income, their balance sheets have been weakening as they take on more debt. … Are semiconductor stocks becoming attractive at their depressed valuations? Perhaps, but news this week reminds us why valuations are so depressed—demand is weak and analysts pessimistic. … Also: The oceans are about to get greener if innovative solutions employing AI, 3D printing, and low-tech dragnets succeed.
(subscribers’ link)

YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on November 15.

Markets
Stocks Slip After Retail Sales Top Forecasts | W

Central banks
Reducing Inflation Without a Recession Might Not Be Feasible, Fed Official Says | W
Fed’s Waller says he’s open to a half-point hike at December meeting | C
Yellen Meets China’s Central Bank Governor as U.S. Seeks to Repair Ties With Beijing | W

US
U.S. Consumers Show Strength With Jump in Retail Sales | W
Republicans win U.S. House majority, setting stage for divided government | R
How to stop inflation | WT

Industries & companies
Autos: Elon Musk Recently Floated Possibility of Having a Successor at Tesla, a Board Member Says | W
Home Builders: Home-Builder Stocks Stage Big Rebound | W
Tech: Micron to Cut Production of Memory Chips | W
Theme Parks: Disney World Announces Another Round of Price Increases | W

Geopolitics & trade
Missile Blast in Poland Risked Russia-NATO Clash Before Both Sides Dialed Back | W
Targeting of Ukrainian energy grid is a war crime, Pentagon says | C
Putin calls for price controls as Russian car sales crash to record low | R
Analysis: China’s freeze on Taiwan contact fuels worry as tensions build | R

Crypto
Gemini, BlockFi, Genesis announcing new restrictions as FTX contagion spreads | C
Sam Bankman-Fried, FTX, and the beginning of the crypto ice age | Vox
FTX wanted to let investors borrow to trade derivatives: CFTC head | C
How Sam Bankman-Fried’s FTX-Alameda crypto empire vanished overnight | C

Beyond markets
ESG: BlackRock’s Hard Place | National Review

November 16 (Wednesday)

Latest Morning Briefing Executive Summary: On Inflation & Financial Stability
The inflation-is-peaking euphoria that’s driven the stock market skyward in recent days adds to our confidence that the bear market bottomed on October 12. … The latest batch of inflation indicators was mixed but overall suggests progress in the right direction, which may mean the Fed has done enough tightening already. … Don’t fear systemic effects from the bursting of the cryptocurrency bubble—US banks are just fine. … Also: Melissa examines what the Fed thinks about the resilience of the US financial system, recapping points from its latest Financial Stability Report.
(subscribers’ link)

YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on November 15.

Markets
S&P 500 closes higher after another lighter-than-expected inflation report, Nasdaq jumps 1.4% | C
Wall Street gains on inflation data, but rocky on geopolitics | R
 
Central banks
Banking giants and New York Fed start 12-week digital dollar pilot | R

Energy
Russian Oil Exports Hold Up Despite Impending EU Ban | W
Half of France’s Nuclear Plants Are Off-Line | N
 
US
U.S. Supplier Price Increases Eased in October, Taking Pressure Off Inflation | W
Mortgage Rates Are High Because Nobody Is Buying Mortgages | W
Household debt soars at fastest pace in 15 years as credit card use surges, Fed report says | C
Republicans on Verge of Retaking House as Counting Continues | W
As Trump readies possible 2024 White House run, GOP megadonors back DeSantis, Youngkin, other Republicans | C
Uncle Sam is playing the same game as broke, disgraced crypto king | P
Gen Z Really Does Have It Harder Than Millennials | Manhattan Institute

China
China’s Economy Takes a Deeper Hit as Retail Sales Turn Negative | W

Japan
Japan’s Economy Shrinks Unexpectedly, Hit by a Weak Yen and Rising Inflation | N

Geopolitics & trade
Biden-Xi Talks Mark Shift in U.S.-China Ties Toward Managing Fierce Competition | W
The U.S.’s Struggle to Wean Itself From Chinese Solar Power | W
G20 Leaders Meet in Bali as Global Economy Faces Multiple Threats | N
Poland says a Russian-made missile fell inside their country, killing 2 | C

Industries & companies
Autos: Consumer Reports: New technologies make EVs less reliable | C
Autos: Tesla cuts delivery waiting time for all model 3, model Y cars | R
Autos: Musk’s all-nighters at Twitter raise concern for Tesla investors | R
Autos: Ford says making its own parts for electric vehicles could offset job losses | C
Retail: Walmart Sales Rise as Retail Giant Gains More Shoppers | W
Tech: Tech stocks have been crushed. What’s next for the FAANGs? | NN
Tech: Microsoft, Meta, others face rising drought risk to their data centers | C
 
Corporate finance
Estée Lauder Agrees to Buy Tom Ford Brand in $2.8 Billion Deal | N

FTX
How Sam Bankman-Fried’s FTX-Alameda empire vanished overnight | C
FTX Founder Sam Bankman-Fried Attempts to Raise Fresh Cash Despite Bankruptcy | W
FTX’s Collapse Casts a Pall on ‘Effective Altruism’ Movement | N
Fed’s Michael Barr Says Crypto Turmoil Highlights Potential Risks to Financial System | W

Climate
New Climate Early Warning System Aims to Plug Weather Blind Spots Around the World | W

November 14 (Monday)

Latest Morning Briefing Executive Summary: On Earnings & Inflation
Economic recessions invariably produce earnings recessions, but earnings slowdowns and downturns can occur without economic recessions: Nominal GDP and revenues growth can stay strong as profit margins narrow, causing earnings growth to falter. That’s what seems to be happening now, with the earnings weakness looking like that of a soft, not hard, landing. Whether that changes up ahead depends much on what happens to profit margins. … In this context, Joe discusses the latest earnings results for Q3, explaining how to interpret the results supplied by two different data providers. …And: A look at the components of October’s CPI results, which cheered the stock market at the end of last week. … Also: Feshbach sees trading range ahead.
(subscribers’ link)

YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on November 7.

Markets
These currencies have tanked this year — and one is down over 75% against the dollar | C

Central banks
Japanese Inflation Shows Signs of Easing, Kuroda Says | W

Global
IMF says global economic outlook getting ‘gloomier’, risks abound | R
G-20 Discord Likely to Thwart Efforts to Boost Sagging Global Economy | W
U.S. may skirt recession in 2023, Europe not so lucky – Morgan Stanley | R

Energy & climate
The global energy crisis may be accelerating decarbonisation efforts, says Fatih Birol | E
‘Vaccination-style’ intervention needed for UK energy crisis: Ovo CEO | C
The ‘world’s largest floating wind farm’ produces its first power | C
Used-Car Dealer Tricolor Became an ESG Favorite Amid Customer Complaints and Expensive Cars | BR

US
House Majority Undecided as Democrats Keep Senate Control | W
Labor Market Mystery: Where Are the Older Gen Z Workers? | W

China
China Dials Back Property Restrictions in Bid to Reverse Economic Slide | W

Industries & companies
Autos: Ford vs. GM: Same industry, two increasingly different companies | C
Retail: Retailers Are Already Offering More Holiday Sales. What to Watch. | BR
Retail: Retailers’ biggest holiday wish is to get rid of all that excess inventory | C
Tech: Tech Companies Won Big in the Midterm Elections. Here’s Why. | BR

Geopolitics & trade
Biden, Xi stress need to work together as they meet for talks | R
Germany is open to trade with China — but we’re not stupid, vice chancellor says | C
On what terms could the war in Ukraine stop? | E

FTX
The FTX debacle makes SEC Chair Gensler look bad—again | Fortune
FTX’s Digital Coin Was at Heart of Crypto Exchange’s Fall | W
Sam Bankman-Fried’s Alameda quietly used FTX customer funds without raising alarm bells, say sources | C

Beyond markets
Elon Musk says ‘I have too much work on my plate’ | R
Can You Tell Whether This Headline Was Written by a Robot? | W

November 12 (Saturday)

Latest Morning Briefing Executive Summary: On Transports, Oil & Climate Change
Does the recent rally in the S&P Transports signal that investors think transportation stocks have been beaten down enough so far this year? Will they continue to chug uphill despite the drag from slowing fundamentals? Jackie examines the challenges up ahead for shippers, truckers, railroads, and air freight and logistics companies; airlines, though, seem headed for blue skies. … Also: A look at the oil market’s tug of war between China’s downward pressure and Russia’s upward pressure on prices. … And: Today’s Disruptive Technologies segment focuses on news from the UN’s international climate change conference, COP27.
(subscribers’ link)

YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on November 7.

Markets
Stocks Extend Rally After Inflation Slowdown | W
Nasdaq adds 1.9%, S&P 500 closes nearly 1% higher and notches best week since June | C
Wild Stock Spike Revives Is-This-the-Bottom Debate for Third Time This Year | B

Central banks
Krugman Says the Fed Should Pause Rate Hikes, Has Done Enough | B

Energy
Growing number of Germans won’t be left in dark with blackout courses | R
EXCLUSIVE India can buy as much Russian oil as it wants, outside price cap, Yellen says | R

US
Inflation Report: What Costs More—and Less | W
Arizona Senate: Mark Kelly beats Trump GOP pick Blake Masters, NBC News projects | C
Trump on defense after weak GOP midterms, raising questions about 2024 | C

China
China Eases Zero-Covid Rules as Economic Toll and Frustrations Mount | W

Geopolitics & trade
U.S. Downgrades Russia to Nonmarket Economy | W
 
Industries & companies
Consumer discretionary: A first look at Amazon’s new delivery drone | C
Media: Disney plans layoffs, hiring freeze, cost cuts, CEO Bob Chapek says in memo | C
Utilities: The U.S. Electric System Is Leaning on Customers to Avoid Blackouts | W

Crypto
Exclusive: At least $1 billion of client funds missing at FTX | R
FTX Files for Bankruptcy, CEO Sam Bankman-Fried Resigns | W
FTX founder Sam Bankman-Fried says he is in the Bahamas | R

Climate
This Former BlackRock Executive Says ESG Investment Model Is Broken | W
Carbon Market Under Pressure to Deliver Billions in Climate Funding | W
 
Beyond markets
From Elon Musk to Sam Bankman-Fried, a bad week for market geniuses | C

November 11 (Friday)

Latest Morning Briefing Executive Summary: On Transports, Oil & Climate Change
Does the recent rally in the S&P Transports signal that investors think transportation stocks have been beaten down enough so far this year? Will they continue to chug uphill despite the drag from slowing fundamentals? Jackie examines the challenges up ahead for shippers, truckers, railroads, and air freight and logistics companies; airlines, though, seem headed for blue skies. … Also: A look at the oil market’s tug of war between China’s downward pressure and Russia’s upward pressure on prices. … And: Today’s Disruptive Technologies segment focuses on news from the UN’s international climate change conference, COP27.
(subscribers’ link)

YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on November 7.

Markets
Wall Street Goes Crazy: The Numbers | FO
Chinese Stocks Surge as Beijing Eases Some Covid Restrictions | W
Goldman Sachs CEO says he expects a ‘reopening’ in capital markets next year | C
Rising Interest Rates Hit Banks’ Bond Holdings | W

Central banks
Fed officials welcome October CPI but still see tighter policy ahead | C
Inflation Report Leaves Fed on Track for 0.5-Point Rate Rise in December | W

US
October Inflation Report Shows Consumer Prices Rose 7.7% From Year Earlier | W
It may be cheaper to eat out on Thanksgiving as grocery prices soar | C
Mortgage rates fall sharply to under 7% after inflation eases | C
What midterm voting results tell us about the economy going forward | FO
Midterm Elections Point to Closely Divided House as Voters Shift in Pivotal Districts | W
Midterms: We may not know who controls the Senate until December | C
‘Start adding zeroes’: Big money expected to pour into Georgia midterm runoff | R
Biden says he plans to run again, to make it final in early 2023 | R

Europe
Price Rises Are Helping European Manufacturers Defy a Downturn | W

China
China Eases Zero-Covid Rules as Economic Toll and Frustrations Mount | W

Geopolitics & trade
Global shipping industry faces a new problem — too many containers | C
Ukrainian official describes chaotic Russian withdrawal from strategic city | R

Corporate finance
SoftBank Posts Profit of More Than $21 Billion After Selling Alibaba Shares | W

Climate
COP27 delegates in Egypt battle a growing list of logistics nightmares | C

Beyond markets
Read Elon Musk’s first email to all Twitter employees | C
Healthy infants face considerable risk of RSV hospitalization: study | C

November 10 (Thursday)

Latest Morning Briefing Executive Summary: On Transports, Oil & Climate Change
Does the recent rally in the S&P Transports signal that investors think transportation stocks have been beaten down enough so far this year? Will they continue to chug uphill despite the drag from slowing fundamentals? Jackie examines the challenges up ahead for shippers, truckers, railroads, and air freight and logistics companies; airlines, though, seem headed for blue skies. … Also: A look at the oil market’s tug of war between China’s downward pressure and Russia’s upward pressure on prices. … And: Today’s Disruptive Technologies segment focuses on news from the UN’s international climate change conference, COP27.
(subscribers’ link)

YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on November 7.

Markets
Wall Street layoffs pick up steam as Citigroup and Barclays cut hundreds of workers | C
China Stocks Slide as Covid Curbs Temper Reopening Hopes | B

US
Frustrated Republicans Try to Explain Lack of Midterm ‘Red Wave’ | W
October CPI seen showing inflation up even as some goods prices cool | C
Democrats Hold Off Steep Losses by Driving Turnout and Winning Independent Voters | W
Control of Congress Remains at Stake as Democrats Fend Off Anticipated ‘Red Wave’ | W

China
China Producer Prices Turn Negative in Warning Sign for Global Economy | W
Column: China reopening may add inflation headache | R
Under Xi Jinping, Women in China Have Given Up Gains | W
Column: China’s diesel exports recover but not enough to reverse global shortage | R

Emerging
Korea Unveils $7 Billion in Financing to Help Property Market | B

Industries & companies
Autos: Tesla stock hits 2-year low after Musk sells $4 bln worth of shares | R
Real Estate: Redfin Shuts Home-Flipping Business, Lays Off 13% of Staff in Slumping Housing Market | W
 
Geopolitics & trade
Russia says troops leaving strategic Kherson, Ukraine doubts full pullout | R
Russia Orders Withdrawal From Kherson, Only Regional Ukrainian Capital It Held | W