January 26 (Thursday)

Latest Morning Briefing Executive Summary: Transportation, Semiconductors & Digital Wallets
Shifts in consumer purchasing have left retailers overstocked and shippers of goods feeling the pinch. But the sense among transport company managements is that demand for their services will normalize this year. Transportation stocks have been rallying in anticipation. … Another industry impacted by shifts in consumer spending is semiconductors, as computer sales have slid dramatically. And like the transports, semiconductor stocks have been outperforming the broader market as investors look past the pain. … Speaking of pain, the big banks have finally bitten the bullet and decided to develop a digital wallet of their own.
(subscribers’ link)

YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on January 23.

Markets
S&P 500 Closes Lower as Investors Digest Earnings | W
S&P 500 closes slightly red as weak corporate guidance fuels recession fears | R
NYSE Mayhem Traced to a Staffer Who Left a Backup System Running | B
Short Seller Nate Anderson’s Hindenburg Targets Billionaire Gautam Adani | B

Central banks
Small Businesses Keep Hiring as Fed Raises Rates to Cool Economy | W

Energy
Wind Turbine Collapses Punctuate Green-Power Growing Pains | B

US
Fourth-quarter 2022 GDP: What economists are expecting | C

China
Rich Chinese Plan to Leave With Money as Covid Zero Ends | B

Geopolitics & trade
Japan PM Fumio Kishida Faces Pressure to Visit Ukraine Ahead of G-7 | B
How China Is Quietly Dominating the Global Car Market | B
Germany, U.S., to send battle tanks to help Ukraine fight off Russia | R

Industries & companies
Airlines: DOT is probing whether Southwest’s schedules were ‘unrealistic’ during holiday meltdown | C
Autos: Shift to Mined vs. Man-Made Graphite Raises Shortage Risk for EVs | W
Communications Services: Meta Pays BuzzFeed Millions to Generate Creator Content for Facebook and Instagram | W
Consumer Staples: Consumer Staples Wipeout Continues With Kimberly-Clark | W
Tech: IBM to Cut 3,900 Jobs Amid Broader Tech Slowdown | W

Technology
Precision Neuroscience, founded by Neuralink alum, raises $41 million | C

Crypto
Why we support SEC regulation of crypto | The Hill
How to reform effective altruism after Sam Bankman-Fried | Vox