April 06 (Thursday)
Latest Morning Briefing Executive Summary: Oil Markets & AI In HR
Oil futures leapt this week after OPEC+ announced it would cut oil production. Jackie examines possible reasons for the organization’s decision and likely ramifications for Saudi Arabia, the US, and US oil producers. … Also: Judging by the 8% surge in the S&P 500 Oil & Gas Exploration & Production price index over the past week, investors expect the production cuts will mean much better 2023 earnings prospects than the declines that analysts had been expecting. … And: What can’t bots do? Our Disruptive Technologies segment focuses on the use of AI to interview job candidates.
(subscribers’ link)
YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on April 3.
Markets
Stocks Haven’t Looked This Unattractive Since 2007 | W
Investors Retreat From Commercial Real Estate Bonds | W
Short sellers made $7 billion in profit from banking turmoil: Ortex | C
Weaker U.S. dollar making travel to Europe more costly | C
India, Japan, South Korea will be ‘most hit’ if oil prices reach $100 | C
Central banks
Latest Federal Reserve Decision to Raise Interest Rates Came Down to the Wire; ‘That Was a Rough Weekend’ | W
Kuroda’s BOJ Legacy: Ueda Inherits Task of Exiting Japan Easing, Stimulus | B
Deposit Outflows Shine Light on Fed Program That Pays Money-Market Funds | W
Banks
U.S. banks are dangling promotions to lock in customer deposits, analysts say | R
Opinion | Guaranteeing All Deposits Will Only Benefit Banks in the End | N
Global
IMF Warns Five-Year Global Growth Outlook Is Weakest Since 1990 | B
US
Bank Failures. High Inflation. Rising Rates. Is the Resilient Jobs Market About to Crack? | W
Goldman Strategists Say US Profits Set for Pandemic-Sized Drop | B
Layoffs are up nearly fivefold so far this year with tech companies leading the way | C
Trump investigations: Indictment, Stormy Daniels, Mar-a-Lago, election | C
Emerging
India’s Gautam Adani Wants to Redevelop Giant Slum From ‘Slumdog Millionaire’ | W
Industries & companies
Airlines: Airlines answer congested airports and rising costs with bigger planes | C
Autos: Special Report: Tesla workers shared sensitive images recorded by customer cars | R
Tech: Meta layoffs gut customer service, leaving influencers without reps | C
Geopolitics & trade
Taiwan Warns of Subtle China Responses as U.S. Lawmakers Embrace Taipei | W
China Considers Prohibiting Exports Of Rare Earth Magnet Technology To The U.S. | OilPrice.com
France’s Macron, EU chief call on China to mediate in Ukraine war | C
India’s Defense Plans Fall Victim to Russia’s War | foreignpolicy.com
Saudi, Iranian Foreign Ministers Agree to Resume Flights After Beijing Meeting | W
Technology
AI Chatbots Are a Threat to News Media Outlets Like NYT, News Corp, SPR | B
For American workers, generative AI threatens an already unstable future | The Hill
The Robots Have Finally Come for My Job | W
Google CEO Sundar Pichai Says Search to Include Chat AI | W
Corporate finance
Apple’s (AAPL) $165 Billion Cash Hoard Creates M&A Mirages | B
Beyond markets
Gen Z Staff Seek Work-Life Balance as Bosses Look Beyond Four-Day Week | B
Do Older Workers Work Harder? Some Bosses Think So | W
Climate
Plastic pollution credits could be the new carbon offsets | C
