October 28 (Saturday)
Latest Morning Briefing Executive Summary: Consumer Spending, China & Robots
Is the consumer spending pendulum swinging back to bingeing on goods from splurging on services? Jackie sees a few nascent signs pointing to that possibility. … Also: The Chinese government has been trying to pull China’s economy up by its bootstraps with new infrastructure projects, but critics say the initiatives are too small to make much difference. Property developers remain distressed, and economic activity is likely to remain anemic. … And: In our Disruptive Technologies spotlight are humanoid robots. We look at how they’re being deployed today and what they may be used for in the future.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on October 23.
Markets
Dow drops more than 350 points to end brutal week, S&P 500 closes in correction territory | C
Wall St Week Ahead Frazzled U.S. stock investors eye frothy Treasury market as Fed looms | R
Market Turns Vicious on Profit Misses in Tough Earnings Season | B
US
The shaky stock market is making Americans feel uneasy | NN
Mortgage Rates for US Homes Are Surging Toward 8% and Crushing Market | B
Americans’ median net worth by age | C
Conservatives Won the Fight for House Speaker. Did They Also Put the GOP Majority at Risk? | W
Grand Old Party: How Aging Makes You More Conservative | W
With TikTok, Gen Z Is the Master of Comedic Deflection | B
Europe
Italy to raise taxes for flat owners doing multiple short-term rentals | R
China
What China’s slow-motion property crisis means for the global economy | C
Geopolitics & trade
Israel Says It Has Killed a Planner of the Oct. 7 Attacks | W
Israel-Gaza War: Israel Ratchets Up Ground Operations After Heavy Bombardments | B
Will the Israel-Hamas War Escalate? Iran, Hezbollah and Syria Pose Risk | B
China, U.S. Look to a Biden-Xi Summit While Wrestling Tensions | W
US halts exports of most civilian firearms for 90 days | R
Industries & companies
Autos: Toyota, the World’s Biggest Carmaker, Made a Huge Bet on Tech. It Went Wrong Fast. | W
Artificial Intelligence
Stacking Boxes? Treating Cancer? AI Needs to Learn Physics First | W
Corporate finance
Exxon and Chevron Megadeals Reveal Why Days of Easy Oil Are Over | B
Beyond markets
Elon Musk’s Outlook on Our Future Turns Dour | W
Taylor Swift has entered her billionaire era | C
UChicago psychologist: Thinking in foreign language is good for brain | C
