January 28 (Saturday)
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.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on January 23.
Markets
Stocks Finish Higher as Investors Weigh Latest Inflation Data | W
Wall Street ends higher, notches weekly gains as Fed meeting looms | R
Central banks
Fed seen ending rate hikes by March as inflation slows | R
US I
What is a ‘rolling recession’ and are we in one? Experts explain | C
PCE inflation December 2022: Key Fed measure eased, spending declined | C
Housing Market Predictions for the Next 5 Years Promise Lots of Surprises | US News
US Pending Home Sales Rise to Cap Otherwise Disappointing Year | B
Metro areas where U.S. rent prices have dropped the most | C
Car Repossessions Grow as Inflation Slams Consumers | B
US II
White House approves student loan forgiveness for 16 million people | C
House Republicans pass bill to limit Strategic Petroleum Reserve moves | C
Can the GOP Become a Real Working-Class Party? | W
‘Trump fatigue’ in New Hampshire complicates 2024 White House bid | R
Geopolitics & trade
In Beijing’s backyard, U.S. demonstrates its military might | R
Biden Reaches China Chip Export Limit Deal With Dutch, Japan | B
Technology
ChatGPT ‘Arms Race’ Adds $4.6 Billion to Nvidia Founder’s Fortune | B
Newk’s Eatery adds AI ‘cashier in the cloud’ to take to-go
Climate
Why desalination won’t save states dependent on Colorado River water | C
