August 12 (Saturday)

Latest Morning Briefing Executive Summary: Semis, Ag & FinTech
The semiconductor industry appears to be entering a heyday, with sales rising on m/m and q/q bases, though not yet y/y. Analysts’ estimates have been rising, managements have been upbeat, and investors have bid up the S&P 500 Semiconductor industry’s share price index by 79% ytd. Everyone’s enthused about the potential impact of the AI revolution on chip demand. … At the other end of the spectrum, meat processors such as Tyson Foods are down on their luck, Jackie reports. … And: Traditional banks are getting a run for their money from forays into fintech by Apple, Walmart, and other heavyweights.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on August 7.

Markets
S&P 500 Stock Traders on Notice as Options Shift Threatens Market Volatility | B
 
US
Strong services costs lift US producer prices; inflation expectations dip | R

China
China’s Home Buyers Are Waiting Out the Property Slump | W
Can China escape deflation? | E
 
Geopolitics & trade
U.S. executive order on China shows it’s learning from Russia mistakes | C
Joe Biden’s China strategy is not working | E
U.S., China agree to double weekly flights between countries | C

Industries & companies
Retail: Organized retail crime: Nine states pass laws to crack down on theft | C

Artificial Intelligence
Nvidia A.I.-driven rally pushed earnings multiple higher than Tesla | C
The ‘Godfather of AI’ Has a Hopeful Plan for Keeping Future AI Friendly | Wired
AI Is Building Highly Effective Antibodies That Humans Can’t Even Imagine | Wired
Zoom rewrites its policies to make clear that your videos aren’t used to train AI tools

Beyond markets
Perseid Meteor Shower 2023: When It Is and How to Watch the Peak | W
Parlay Bets Are Big Profit-Makers for the Gambling Industry. What to Know. | BR