September 07 (Thursday)
Latest Morning Briefing Executive Summary: Oil, China & The Ocean
Oil prices have spurted skyward in recent months and recent days, as intended by the production cuts instituted by Saudi Arabia and Russia. The S&P 500 Energy sector’s share price index has spurted in sympathy, outperforming its counterparts this summer. Jackie looks at the countervailing forces affecting the global oil supply, including Saudi Arabia’s budget pressures and rising US oil production. … Also: China’s economy is not doing well despite the stimulative efforts of its government and default-avoidance efforts of its largest property developer. … And: An update on The Ocean Cleanup’s daunting mission.
(subscribers’ link)
YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on September 5.
Markets
Inflation, Interest-Rate Worries Drag Stocks Downward | W
US
Why Higher Unemployment Is Good News Now | W
US jobless claims hit lowest level since February; productivity strongest in years | R
Help Wanted: Women to Fix America’s Infrastructure | W
Europe
Germany’s Economic Rut Gets Deeper | W
China
China Exports Fall for a Fourth Month as Once-Reliable Growth Engine Sputters | W
China moves to widen state employee iPhone curbs | R
Geopolitics & trade
Impact of China Economic Slowdown on US Questioned in Federal Reserve Study | B
Biden bets on emerging markets as Xi snubs G20 | R
Huawei’s Breakthrough Still Shows China’s Limits in Tech Race | W
Apple Faces New Challenge in China as Huawei Releases High-Speed Phone | W
China campaigns target US elections on social media: Microsoft report | C
Industries & companies
Autos: UAW leader says strike would send Biden a message | C
Autos: GM offers wage increases, hefty bonuses in UAW contract fight | C
Banks: Real-Estate Doom Loop Threatens America’s Banks | W
Defense: Startup investors fuel boom in U.S. defense tech amid China standoff | C
Insurance: Health-Insurance Costs Are Taking Biggest Jumps in Years | W
Media: Meta’s New Ad Campaign Reminds People That VR Is Already Here | W
Pharma: Opinion | 4 Arguments You Will Hear Against Medicare Drug Price Negotiation | N
Railroads: Whose Rail Line Is It Anyway? Freight Carriers Could Be Forced to Share Tracks With Competitors | W
Retail: Walmart Cuts Starting Pay for Some New Hires | W
Tech: Google’s antitrust trial: what are the stakes? | The Week
Artificial Intelligence
Google will soon require disclosures for AI-generated election ads | C
Beyond markets
Japan launches ‘moon sniper’ lunar lander SLIM into space | R
Covid hospitalizations spike with new variant as U.S. readies vaccines | C
