June 09 (Friday)
Latest Morning Briefing Executive Summary: The AI Future & Health Care
Don’t fear AI, just China’s AI aspirations. Out with the CPU, in with the GPU. AI is bound to transform every business process, bar none. Three well respected tech visionaries have been describing our AI-enhanced future with optimistic messages that they insist are not hyperbole. … And: Don’t overlook the lagging S&P 500 Health Care sector’s potential for a rebound given exciting developments in its biotech and pharma industries. Jackie recaps some of the highlights.
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Markets
Tech Stocks Push S&P 500 Further Into Bull Market | B
Central banks
Fed Seen Ending Its 15-Month Hiking Campaign in Economist Survey | B
What the Federal Reserve’s expected interest rate pause means for you | C
US
Trump Indictment: What to Know About Classified Documents Case, Legal Troubles | B
Democrats Push for Debt-Ceiling Overhaul Bill After Default Scare | W
Bidenomics and Its Contradictions | W
Pandemic Aid Programs Drove Evictions to Historic Lows | B
Americans have ‘tip fatigue,’ resent ‘tip creep’ | C
China
China’s Inflation Problem? It Has None | W
Europe
Eurozone Slides Into Recession as Inflation Hurts Consumption | W
Night Train From Brussels to Berlin via Amsterdam Could Be Key for Europe Travel | B
India
India Faces Conundrum for Its Sprawling Railways: Fix the Old or Build New | W
Geopolitics & trade
Kyiv says it intercepted call showing Russia blew up Kakhovka dam | R
Industries & companies
Autos: Tesla jumps as GM deal takes Supercharger network closer to US standard | R
Autos: GM says Tesla charging deal will save the automaker up to $400 million | C
Industrials: GE nears fighter jet engine deal with India’s Hindustan Aeronautics | C
Media: Netflix Subscriptions Jump as U.S. Password-Sharing Crackdown Begins | W
Retail: J. Crew launches virtual beach house storefront for 40th anniversary | C
Corporate finance
Bed Bath & Beyond and Buy Buy Baby sale and bidding updates | C
Crypto
What the SEC’s Binance and Coinbase lawsuits mean for the future of crypto | Vox
Climate
Smoke From Canada Wildfires to Move South, Ease in Northeast | W
Technology
Generative AI Takes Stereotypes and Bias From Bad to Worse | B
