June 28 (Wednesday)
Latest Morning Briefing Executive Summary: More AI & More Lithium
AI is sparking a new industrial revolution that’s bound to transform business processes in every industry. But capitalizing on the promise may mean upgrading legacy IT systems in multiple corporate areas—launching a new technology capital spending cycle. Jackie looks at how companies in various industries are planning to leverage AI to their advantage. … Also: A more efficient way to extract the lithium that electric vehicles’ batteries use is under development. If direct lithium extraction proves viable, it could do for lithium production what fracking did for oil production. That could mean cheaper EVs, EVs with expanded driving range, or both.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on June 20.
Markets
S&P 500, Nasdaq edge higher on tech rally | R
Cheaper Natural-Gas Prices in Store This Summer | W
Central banks
Powell says more ‘restriction’ is coming, including possibility of hikes at consecutive meetings | C
Powell Says Rates Haven’t Been Restrictive Long Enough to Bring Inflation to Target | W
Global
Inflation hurts. But White House economists find that it’s even worse in every other G7 nation | NN
US
Mortgage demand grows, driven by sales of new homes | C
President Biden’s (un)affordable housing policies | The Hill
U.S. launches $7 billion program to bring solar to low-income households | R
Why Bidenomics Gets No Love From Voters | W
Choice of when to retire not tied to amount of retirement savings: report | C
Finance is the No. 1 industry Gen Z wants to work in, says new research | C
Trump is only Republican who will lose to Biden: Paul Ryan | C
Asphalt-maker CRH faces ‘golden age,’ with green strings attached | C
Industries & companies
Media: Google Violated Its Standards in Ad Deals, Research Finds | W
Pharma: Eli Lilly weight loss pill may best Pfizer, Novo Nordisk drugs | C
Geopolitics & trade
Putin Moves to Seize Control of Wagner’s Global Empire | W
Wagner’s Prigozhin Planned to Capture Russian Military Leaders | W
U.S. Sanctions Wagner’s Gold and Diamond Mining Operations | W
U.S. Considers New Curbs on AI Chip Exports to China | W
Nvidia’s chips fuel A.I. — Why the U.S. worries about China’s access | C
Climate
Green madness: You’d have to burn a pizza stove 849 years to equal one year of John Kerry’s private jet | P
How Plastics Are Poisoning Us | The New Yorker
Beyond markets
How Greg Gutfeld on ‘Fox News’ Is Beating ‘The Tonight Show’ | N
Exclusive: Nissan installed camera to monitor No. 2’s home, sources say | R
