December 01 (Friday)
Latest Morning Briefing Executive Summary: MegaCap-8, AI & Gates On Climate Change
The MegaCap-8 stocks are approaching their highest collective market capitalization ever, having already hit a record high in terms of their share of the S&P 500’s capitalization. … Also: Jackie discusses Google’s AI initiatives and election-year challenges. … And: Our Disruptive Technologies segment recaps Bill Gates’ practical and innovative approach to climate-related investments as the annual COP28 climate change conference kicks off in the UAE. Three innovations seem particularly promising.
(subscribers’ link)
YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on November 27.
Markets
S&P 500 (SPX) Gained 8.9% This Month, Second-Best November Since 1980 | B
Dow Finishes November at 2023 High | W
Oil Prices Face Wild Swings With Bot Traders Driving the Market | B
U.S. crude declines as skepticism mounts over OPEC+ cuts | C
OPEC+ may have played its final card with voluntary crude cuts: Russell | R
Foreigners Sell China Stocks For Fourth Month in Record Streak | B
Central banks
PCE inflation report October 2023: Fed’s favorite gauge rises 0.2%; 3.5% from a year ago | C
Inflation’s Cooldown Gives the Fed Leeway | W
Fed Officials Shift Tone But Remain Wary of Markets’ Rate Cut Bets | B
Fed officials feel rate hikes likely done, but too soon to know | R
Eurozone Inflation Fell More Than Expected, Putting ECB Rate Cuts Into View | W
US
US Consumer Spending, Inflation Slow in Sign of Cooling Economy | B
Pending home sales drop to record low | C
China
How Huawei Is Helping China Build Up Its Semiconductor Independence | B
India
India turns to coal as hydro generation falls | R
Geopolitics & trade
Japan says ‘concerned’ US continues to fly Ospreys despite grounding request | R
Industries & companies
Autos: Tesla Cybertruck Price Revealed: Starts at Around $61,000 | W
Health Care: J&J Hired Thousands of Data Scientists. Will The Strategy Pay Off? | W
Media: Meta’s Threads to Launch in Europe in App’s Biggest Expansion Since Debut | W
Media: Nelson Peltz’s Trian to seek at least three Disney board seats, sources say | R
Pharma: Novo Nordisk sues pharmacies over impure Wegovy, Ozempic dupes | C
Tech: Big Tech in 2024: Retail Traders Sell Positions in Apple, Nvidia, Microsoft | B
Tech: This tiny country drove 15% of Nvidia’s revenue – here’s why it needs so many chips | C
Crypto
U.S. Treasury lobbies for more power to chase crypto crime outside America | C
Coinbase jumps in November as FTX, Binance founders brace for prison | C
Corporate finance
Biotech stocks jump on AbbVie deal to buy cancer drugmaker ImmunoGen | C
Climate
Why No One Wants to Pay for the Green Transition | W
Germany Gets Honest About What Net Zero Will Cost | W
Artificial Intelligence
OpenAI tender offer on track despite leadership fracas: sources | C
Retailers Are Turning to AI to Get Smarter About Inventory | W
US compels Saudi fund to exit Altman-backed AI chip startup | B News | R
Beyond markets
New York’s Near Zombie Apocalypse | W
