Morning News: August 8, 2023

China’s Trade Plunges More Than Forecast in Blow to Recovery

Don’t Be So Picky About a Job, China’s College Graduates Are Told

Argentina’s Next President Is on a Collision Course With Hyperinflation

Italy’s New Tax Wipes Out $10 Billion from Market Value of Banks

Moody’s Cuts US Banks on Mounting Funding Costs, Office Risk

The S.E.C.’s Chief Is Worried About A.I.

SoftBank Plans Fresh AI Bets After First Investment Gains in 18 Months

Stability AI’s Lead Threatened by Departures, CEO Concerns

Nobody Beats Wiz: Meet The Aggressive, $10 Billion Startup Shaking Up Cloud Security

How Yellow’s Downfall Is Rippling Through the Economy

UPS Says Its Profit Will Fall After It Reaches a Teamsters Deal. Its Stock is Sinking Sharply

Tesla’s New CFO Now Has Two Jobs and a Lot of Question Marks

Elon Musk Calls Cybertruck Tesla’s ‘Best Product Ever.’ Here Comes the Test

American Cars Are Developing a Serious Weight Problem

Saudi Aramco Reports $30 Billion in Profit for Latest Quarter

Rising Oil Prices Are Bad News for Drivers—and the Fed

Paramount Agrees to Sell Simon & Schuster to KKR, a Private Equity Firm

Eli Lilly Raises Full-Year Guidance as Drug Pipeline Drives Second-Quarter Profit Up 85%

The U.S. Has a Beef With Europe—Over Cheese

Bacardi’s Russia Business Grows as Other Booze Makers Leave Country

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Posted by on August 8th, 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.