September 14 (Wednesday)

Latest Morning Briefing Executive Summary: Corporate Finance Review
An Austrian assessment of August’s CPI. … And: It’s time again to focus on US corporate finance. We find American businesses in great shape—with record-high profits and cash flow on income statements and solid balance sheets. The effect of the chronic labor shortage on profit margins is businesses’ biggest challenge, but workarounds are coming that should boost productivity. … Also: Progressives give share buybacks a bad name, but they play a key role in corporate finance: counteracting the dilution from stock compensation plans. … And: Both worker compensation and capital spending remain on healthy uptrends, also contrary to popular (progressive) belief. … Finally, we recap capital markets activity from Fed data.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on September 6.

Markets
Analysis: Why the dollar’s wrecking-ball rally is not done yet | R

Central banks
Inflation Data Scrambles Fed Rate Outlook Again | W

Energy
EU seeks $140 billion to cope with energy crisis as utilities teeter | R
EU Seeks to Raise $140 Billion Clawing Back Energy Profits | W
EU plans windfall levies on energy firms to tackle price spike | R
Europe can shrug off Putin’s Chinese gas Plan B | R
Global Oil Demand Undermined by China Lockdowns, IEA Says | W

US
Inflation isn’t just about fuel costs anymore, as price increases broaden across the economy | C
U.S. Inflation Remained High in August | W
Feel burnt out at work? The Great Resignation left many workers behind. – Vox
Mortgage demand declines 29% from last year as rates eclipse 6% | C

Europe
UK inflation rate unexpectedly dips to 9.9% as fuel prices decline | C

Geopolitics & trade
EXCLUSIVE U.S. weighs China sanctions to deter Taiwan action, Taiwan presses EU | R
Putin, Erdogan to Meet Amid Questions Over Ukraine Grain Deal | W
As Ukraine recaptures lost land, is this a turning point in the war? | C

Industries & companies
Retail: Walmart, Target Urge Lawmakers to Pass Bill Taking Aim at Visa, Mastercard Fees | W

Pandemic
Johns Hopkins Slows Frequency of Covid-19 Data Publication | W
Covid-19 booster shots may become as routine as the flu shot | MSNBC

Corporate finance
Wall Street slump leads to 50% plunge in JPMorgan advisory revenue | C

Beyond markets
Royal Family Will Unite to Accompany Queen Elizabeth II’s Coffin Through London | W