December 02 (Saturday)

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
Dow Notches Longest Winning Streak Since 2021 | W
S&P 500 rises on Friday to close at 2023 high: Live updates | C
Money market funds may deliver a surprise tax bill amid higher yields | C
Uber shares pop on inclusion in S&P 500 | C
Global pension funds now balking at China | R

Global
Real wages have risen in America and are rebounding in Europe | E
A new age of the worker will overturn conventional thinking | E

Central banks
Fed’s Interest Rate Hikes Are Probably Over, but Officials Are Reluctant to Say So | W
Fed Chair Powell calls talk of cutting rates ‘premature’ and says more hikes could happen | C

US
US manufacturing mired in weakness, economy heading for slowdown | R
Is it cheaper to rent or buy property? | E

China
China’s economy is suffering from long covid | E

Europe
Germany is in a bizarre fiscal mess of its own making | E
Europe’s clean energy boom cuts forward prices to pre-Ukraine invasion levels | R

Geopolitics & trade
Israel Plans to Kill Hamas Leaders Around the World After War | W
Putin seems to be winning the war in Ukraine—for now | E
Zelenskyy says ‘new phase of war’ has begun, Hungary to back EU ‘strategic partnership’ | C
Narendra Modi is remaking India’s 1.4m strong military | E
China is building nuclear reactors faster than any other country | E

Industries & companies
Cruise Lines: The Startling Economics of the World’s Largest Cruise Ship | W
Media: Walmart drops ads on X as Elon Musk fallout grows | C
Pharma: Pfizer to discontinue twice-daily version of weight loss pill | C
Tech: How Apple makes its own chips for iPhone and Mac, edging out Intel | C
Tech: Is This the End of ‘Intel Inside’? | W
 
Corporate finance
Neiman Marcus Rejects $3 Billion Takeover Bid by Saks  | W
Amazon buys SpaceX rocket launches for Kuiper satellite internet project | C
 
Climate
What the world must do to tame methane | E

Beyond markets
Former Supreme Court Justice Sandra Day O’Connor dies | C