Morning News: December 12, 2023

Gas Prices Are Falling, Hitting Their Lowest Level in Almost a Year

Making Oil is More Profitable than Saving the Planet. These Numbers Tell the Story

What to Watch in CPI Report: Firm Underlying Inflation Could Complicate Prospect for Interest-Rate Cuts

Inflation Expected to Stay Flat, Giving Fed Room to Cut Rates

Best Bond Forecasters of 2023 Say the Rally Is Doomed to Fizzle

Goldman Reshuffles Private Credit in Bid to Double Assets

Goldman Trader Who Was Paid $100 Million Since 2020 to Step Down

JPMorgan Is in a Fight Over Its Client’s Lost $50 Million Fortune

EY Is Laying Off U.S. Partners Amid Tough Economic Conditions

Cathie Wood Boosts Stake in Microsoft, Facebook in AI Push

Essential AI Comes Out of Stealth With $57 Million in Funding

Google Loses Antitrust Court Battle With Makers of Fortnite Video Game

Google’s Antitrust Setback Could Remake the Mobile App World

Jet Defects Stoke Debate Over Who Should Inspect Mechanics’ Work

U.S. Companies Are Finding It Hard to Avoid China

Why Volkswagen Is Building a Team of 3,000 Engineers in China

Pernod Ricard Releases First China Whisky Amid Economic Slowdown

Commodities Carriers Star Bulk and Eagle Bulk Shipping Agree to $2.1 Billion Merger

Macy’s Billion-Dollar Question: What’s More Valuable, Real Estate or the Business?

Lowball Bid Could Spur Macy’s to Look for Better Options

Choice Hotels Launches Hostile Bid for Wyndham

Redstone’s Predicament: Whether to Sell or Fix Her Media Empire

The Strangest Toy on Wish Lists This Year

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Posted by on December 12th, 2023 at 7:07 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.