November 27 (Monday)
Latest Morning Briefing Executive Summary: Update: Another Roaring Twenties May Still Be Ahead
Our Roaring 2020s outlook for this decade centers on the idea that technological innovations such as the so-called BRAIN technologies will be widely adopted by companies, fueling productivity growth that minimizes the economy’s major problem of a tight labor market and drives widespread prosperity. The pandemic derailed a productivity boom that started gathering steam in late 2015 and is just this year getting back on track. … We think the stock market rally that began a year ago reflects the technological revolution at the core of our Roaring 2020s scenario. … Of course, there are doubters; we address each of their main points below.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on November 13.
Markets
How to Invest for a More Normal Market | BR
Investors Are Hungry for Risk—and Holding Record Cash Sums | W
The World’s Largest Buyer of U.S. Debt Isn’t Going Away | W
Gold at six-month high as dollar declines and investors eye rate cuts | C
American Oil—Good to the Last Drop? | W
Currency clashes sour Russia’s oil trade with Asia | R
Central banks
Investors See Interest-Rate Cuts Coming Soon, Recession or Not | W
US
Amid High Mortgage Rates, Higher Share of Americans Outright Own Homes | B
As US job market softens, gains of minority groups hang in the balance | R
Biden will convene his new supply chain council and announce 30 steps to strengthen U.S. logistics | C
China
China Scrambles to Contain a Looming Shadow-Bank Meltdown | W
Geopolitics & trade
Putin Has Staked Russia’s Resources on Victory in Ukraine. Can the West Match Him? | W
Global Automakers Turn to China for EV Lessons | W
Industries & companies
Autos: Behind Tesla’s Challenges in Making the Cybertruck: Ultrahard Stainless Steel | W
Health Care: Magic Pills Are Coming | W
Logistics: Amazon Tops UPS and FedEx to Become Biggest U.S. Delivery Business | W
Media: TikTok owner ByteDance axes hundreds of jobs in gaming unit | C
Pharma: Vaccines: A Golden Age of Shots Is Here. What It Means for You. | BR
Pharma: Mounjaro superior to Ozempic for weight loss, study says | C
Real Estate: The looming office space real estate shortage. Yes, shortage | C
Retail: Retailers Have Cleaned Up Their Inventories for the Holidays | W
Retail: Buybuy Baby Comeback Bets Expectant Parents Want to Shop in Stores | W
Corporate finance
Apple iPhone maker Foxconn to invest $1.5 billion in India expansion | C
Climate
Progress on climate change has been too slow. But it’s been real | E
Now for Some Good News About Climate | W
Climate: UAE reportedly planned to use COP28 to lobby for oil deals | C
Artificial Intelligence & crypto
The fallout from the weirdness at OpenAI | E
Coinbase CEO: crypto industry can turn page after Binance settlement | C
Beyond markets
These 5 in-demand AI jobs pay $100,000 or more—and can be done from home | C
Taylor Swift’s ‘Eras Tour’ concert film will be available to stream. Here’s when and where | C
