September 14 (Thursday)

Latest Morning Briefing Executive Summary: Transports Flying Into Headwinds
It’s a been train wreck: Investors have been bailing on the S&P 500 Transportation index in recent weeks, after sending it northward for most of the year. Jackie examines the business pressures they’ve been reacting to, including lighter loads to haul in the wake of the inventory correction at a time of increased fuel and labor costs. … Also: May the best battery developer win EV market dominance. Our Disruptive Technologies segment takes a look at where the top contenders are in this high-stakes race.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on September 11.

Markets
Dow slips a second day after August’s slightly hotter core inflation reading | C
Oil Prices Are Soaring: Who Is Feeling the Pinch? | W
How Global Currencies End by Barry Eichengreen | Project Syndicate
As OPEC’s Energy Influence Wanes, China’s Minerals Clout Rises | W

Central banks
No Inflation Rest for the Federal Reserve | W
How the Bank of Japan’s Shift Could Play Out in U.S. Markets | W
European Central Bank Raises Key Interest Rate to Record High | W

US
U.S. Inflation Accelerated in August as Gasoline Prices Jumped | W
Opinion | How the U.S. Economy Is Taming Inflation Without a Recession | N
Here’s the inflation breakdown for August 2023, in one chart | C
U.S. Incomes Fall for Third Straight Year | W
The GOP’s Biden Impeachment Inquiry: What to Know | W
Why More Baby Boomers Are Sliding Into Homelessness | W

China
What is shadow banking? Unpacking the risks for China | C
In China, a Completely Different Approach to Lowering Healthcare Costs | W

Industries & companies
Airlines: Costlier Fuel and Labor Cut Into Corporate Profit | W
Autos: UAW auto strike negotiations: Where things stand | C
Energy: Inside Exxon’s Strategy to Downplay Climate Change | W
Pharma: Ozempic may be effective in treating a lot more than weight loss | Vox
Tech: Google is cutting hundreds of jobs in its recruiting organization | C
Tech: Carriers Are Offering Great iPhone 15 Deals—Just Beware the Fine Print | W

Artificial Intelligence
Artificial Intelligence May Be Humanity’s Most Ingenious Invention—And Its Last? | Vanity Fair
Cramer: AI will be profitable for executives seeking ‘cost savings’ | C

Crypto
Mila Kunis-backed ‘Stoner Cat’ NFT animated series fined $1 million by SEC | C

Corporate finance
Arm prices IPO at $51 a share, valuing company at over $54 billion | C