Morning News: July 5, 2023
What’s Behind the Firmer-Than-Expected Yuan Fixings?
ECB’s Nagel ‘Wary’ of Calling New Era of High Rates
The US Middle Class’s Economic Anxiety Will Decide the 2024 Election
How to Deal With Financial Trauma
Bulls Still Bet on Year of the Bond Even as Fed Eyes Rate Hikes
Hedge Fund King Street Raising Funds for ‘Slow-Motion Car Crash’ in Credit
Exxon’s Meager Bonuses Make Attracting More Traders Difficult
China’s Export Curb on Chip-Making Metals Prompt Countries to Explore Supply-Chain Diversification
Auto Sales Defy Gloomy Forecasts
How China Came to Dominate the World’s Largest Nickel Source for Electric Cars
Tesla Tests the Limits of Elon Musk’s Minimal Model Strategy
Judge Orders Biden Officials to Limit Contact With Social-Media Companies
In Business, ‘Flat’ Structures Rarely Work. Is There a Solution?
UPS Drivers Head Toward Possible Strike as Labor Talks Stall
Is This All-You-Can-Fly Deal Ridiculous, or Ridiculously Great?
Monster Energy Makes Big Move to Challenge Coke and Pepsi
No One Can Stop Rupert Murdoch. That’s Increasingly a Problem
Amazon CEO Asks His Hollywood Studio to Explain Its Big Spending
TV’s Golden Era Proved Costly to Streamers
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Posted by Eddy Elfenbein on July 5th, 2023 at 7:09 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 
