July 26 (Wednesday)
Latest Morning Briefing Executive Summary: Over There & Over Here
We keep tabs on how well the world economy is faring by monitoring our Global Growth Barometer as well as the “flash” S&P Global PMIs for the major developed economies. “Soft landing” best describes what the global economy has been undergoing, while “no landing” characterizes the slowly growing US economy. … China’s economy has struggled under the weight of several problems; we doubt the leadership can fix them as promised. … In the US, the latest consumer confidence survey shows that the labor market remains strong.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on July 24.
Central banks
Powell Handed Easy Profits to Wall Street on Fed Day | B
Fed poised to hike rates as markets anticipate inflation endgame | R
Fed Set to Raise Rates to 22-Year High. Here’s What to Focus On. | W
Low Fed interest rates reshaped the U.S. economy; here’s what’s next | C
US
Home Prices Fell Year-Over-Year in May | W
UPS strike 2023: UPS and Teamsters reach tentative agreement to avert nationwide strike | Vox
Student Loan Bills Return: Gen Z Grads Prepare To Pay After Pandemic Pause | B
Biden’s ‘Made in America’ Pledge Collides With His Climate Goals | W
Bath & Body Works Cracks the Code to ‘Made in America’ | W
Europe
European banks flag bad loan risks as global economy falters | R
Italy Says it Will Build the Longest Suspension Bridge in the World. Don’t Hold Your Breath. | W
China
China’s Soaring Youth Unemployment Threatens Xi’s Economic Vision | W
China Probed Covid-19 Policy Leaks by Ex-Government Officials | W
Geopolitics & trade
China is counting on America’s suicidal immigration policy | P
Industries & companies
Autos: New and used EV prices have dropped, but don’t rush to buy | C
Biotech: Biotech Stocks Join AI-Fueled Rally | W
Financials: Why SVB Financial Is Getting Off Easy in Bankruptcy Court | W
Media: Opinion | Social Media Influencers Are Holding Restaurants Hostage | N
Media: Meta’s Threads Isn’t Labeling Propaganda Accounts From Russia, China State Media | W
Retail: Gap taps Mattel executive Richard Dickson to be its new CEO | C
Tech: Samsung Galaxy Z Flip 5 and Galaxy Fold: Specs, price, details | C
Corporate finance
PacWest, Banc of California Merge to Get Smaller. Others May Follow. | W
Technology
Can AI Replace Humans? We Went to the Fast-Food Drive-Through to Find Out | W
G/O Media’s disastrous use of AI foreshadows a major crisis | MSNBC
Beyond markets
Hunter Biden set to plead guilty on criminal tax charges | C
