Morning News: July 3, 2023
A $30 Billion Disaster Is Just the Tip of a Deadly Climate Cycle
Widespread Drought Creates Winners and Losers in U.S. Agriculture
Saudis and Russia Extend Oil Supply Cuts, Bolstering Prices
Utility Companies Sell Wind, Solar Farms to Shore Up U.S. Power Grid
Cracking Down on Dissent, Russia Seeds a Surveillance Supply Chain
Yellen Heads to China This Week Advancing US Bid to Fix Ties
An 800% Stock Market Rally Puts Zimbabweans on Edge
Bridgewater’s Greg Jensen Sees a ‘Bad’ Outlook for Bonds and Stocks
Hedge Funds on the Brink of Abandoning Bullish Dollar Bets
Lithium Scarcity Pushes Carmakers Into the Mining Business
Tesla and BYD Post Record Sales on Surge in Electric-Car Demand
What Apple Did to Hit $3 Trillion
Zuckerberg’s Quest to Re-Enter China Faces Challenge: His Own Words
He Spent $140 Billion on AI With Little to Show. Now He Is Trying Again
Labor Market Headfake? Key Report Could Be Overestimating Job Growth
Industries Reliant on Thriving Downtowns Suffer From Remote Work
How to Succeed in Business Like Taylor Swift
More Chicken, Lighter Beer, Pink Drinks: Companies Craft New Products for Gen Z Tastes
Tyson Foods to Drop ‘No Antibiotics Ever’ Label on Some Chicken Products
Fireworks Have a New Competitor: Drones
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Posted by Eddy Elfenbein on July 3rd, 2023 at 7:06 am
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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I just saw a video on TikTok which said we have nothing to worry about with China. It said the CCP is terrific!
The Fed is regulatory, governmental etc. So it's a little different. But it's incredible to see years and years of effort to turn large corporations into vehicles for progressive priorities collapse so rapidly. Not clear that there's much to show for it.
"Two thirds of Berkshire’s market cap has been added in the past ten years."
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Eddy Elfenbein is a Washington, DC-based speaker, portfolio manager and editor of the blog Crossing Wall Street. His 
