Archive for January, 2024

• Morning News: January 9, 2024
  Eddy Elfenbein, January 9th, 2024 at 7:07 am

  On Board a Ship Sailing the World’s Most Dangerous Shipping Lane

  Xi, Biden and the $10 Trillion Cost of War Over Taiwan

  Lawmakers Push U.S. to Consider Trade Limits With A.I. Giant Tied to China

  China Says It Cracked Apple AirDrop to Identify Message Sources

  Bill Gross Casts Shade on Treasuries, Sees 10-Year ‘Overvalued’ at 4%

  ‘Market’s Wrong, I’m Not’: Mike Mayo Loves Playing a Provocateur

  Blackstone’s First Private Equity Fund for Rich Individuals Gets $1.3 Billion

  The Latest Dirty Word in Corporate America: ESG

  50 Companies to Watch in 2024

  Consultancy Bain & Company Names New Global CEO

  Startup Founders Fret Over Getting Fired Like Sam Altman

  Microsoft’s OpenAI Ties Face Potential EU Merger Probe

  SandboxAQ Buys Good Chemistry, Melding AI and Quantum Tech for Drug Discovery

  Goodyear Unveils Plans for an EV Future With New Tires at CES

  Chinese Billionaire Is Second-Biggest Foreign Owner of US Land

  Boeing’s Max 9 Crisis Deepens

  How Astronomers Are Saving Astronomy From Satellites — For Now

  What You Can Learn About Job-Hunting From Dating Apps. Really.

  New Biden Administration Rule Seeks to Make More Gig Workers Employees

  In the N.F.L. and at Big Companies, Diversity Playbooks Face Hurdles

  When ‘Contemporary Issues’ and Campus Politics Collide

  PepsiCo, Grocery Giant Bicker Over Who Dumped Whom

  As Retailers Cite Rising Theft and Shrinkage, Analysts Want More Details

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• Morning News: January 8, 2024
  Eddy Elfenbein, January 8th, 2024 at 7:05 am

  Fed Pivot Will Dominate Year of Rate Cuts in Turn of Global Cycle

  Private Equity’s Horrible, No-Good ’23 Set to Continue Into ’24

  Nation’s Top Economists Are Short-Term Happy, Long-Term Glum

  New Year Market Funk Sees 5-Day Blues

  Hedge Funds Dump Tech, Consumer Stocks at Start of Year

  BlackRock, Ark File Amended Forms in Final Push for Bitcoin ETFs

  Buying Home and Auto Insurance Is Becoming Impossible

  Can Retirees Keep Splurging? Don’t Count on It

  Robots Learn, Chatbots Visualize: How 2024 Will Be A.I.’s ‘Leap Forward’

  Japanese Company’s Bid for U.S. Steel Tests Biden’s Industrial Policy

  Boston Scientific To Acquire Axonics For About $3.7 Billion

  Merck Is in Advanced Talks to Buy Cancer Drugmaker Harpoon Therapeutics

  First Flight of the Vulcan Rocket Sends an American Lander Toward the Moon

  Elon Musk’s Drug Use Is the Latest Headache for Tesla’s Board

  Boeing Max 9 Jets Remain Grounded as Airlines Await Inspection Instructions

  Investors Bail on Boeing Following Max 9 Grounding

  Shell Flags Earnings Hit of Up to $4.5 Billion From Impairments

  The Cable Company That Wants to Take the Pain Out of Streaming

  Everyone Wants a Piece of the NBA’s New National TV Contract

  The Woman Shaking Up the $50 Billion Instant-Ramen Industry

  Abercrombie Raises Outlook After Women’s Business Boosts Sales

  Lululemon Lifts Outlook on Solid Year-End Activewear Sales

  How Harvard’s Board Broke Up With Claudine Gay

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• Morning News: January 5, 2024
  Eddy Elfenbein, January 5th, 2024 at 7:02 am

  Eurozone Inflation Rose Less Than Expected, Keeping Rate-Cut Talk on Track

  Investors Kick Off 2024 with $123 Billion Record Cash Shift

  Investors Flee to US Money Market Funds on Caution as Rate Cut Optimism Cools

  Economist Alberto Musalem Named Next President of St. Louis Fed

  Troubled China Shadow Bank Zhongzhi Files for Bankruptcy

  Haidar Overhauls Macro Hedge Fund Trades Amid Record 43% Plunge

  Red Sea Attacks Menace Energy Tankers but Don’t Stop Them

  Exxon Mobil Expects Up to $2.6 Billion in Upstream Impairments

  US Jobs Report to Show Hiring Concentrated in Only a Few Sectors

  Apple’s Ugly 2024 Start Puts Most-Valuable Stock Title at Risk

  Netflix Considers Ways to Make Money From Videogames in Possible Pivot

  How China’s BYD Beat Tesla at Its Own Game

  Driverless Truck Companies Plan to Ditch Human Copilots in 2024

  Late M&A Bonanza Stokes Healthcare Dealmakers Ahead of JPMorgan Conference

  Ozempic Mania’s Billions in Bills Are Coming for US Taxpayers

  Starbucks Faces New Pressure Over Union Campaign

  Major French Retailer Drops PepsiCo Products Over High Prices

  Gen Zers Who Want the Buzz But Not the Hangover Are Fueling a Nonalcoholic Spirits Boom

  Tepper’s $2 Billion Hedge Fund Payday Marred by NFL Meltdown

  Victor Wembanyama Sets Course to Become a Basketball Billionaire Unlike Any Other

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• Morning News: January 4, 2023
  Eddy Elfenbein, January 4th, 2024 at 7:04 am

  Germany Cut Gas Imports By a Third in 2023

  In Europe, Trains Are Full, and More Are on the Way

  Citi Targets China Investment Bank Unit Launch, 30 New Hires By End 2024

  Wall Street’s Ambitions in China Run Into a Rising Firewall

  Wall Street Is Already Cutting Oil-Price Forecasts for This Year

  APA to Buy Callon Petroleum in $4.5 Billion Deal

  How Supply-Chain Snarls Made Everyone Wrong on Inflation

  Fed Minutes Showed Officials Feeling Better About Inflation

  The Hidden Force Pushing Mortgage Rates Down

  Why Companies Still Aren’t in a Firing Mood

  U.S. Awards Chip Supplier $162 Million to Bolster Critical Industries

  Apple Hit With Second Downgrade This Week as iPhone Worries Grow

  U.S. Auto Sales Bounced Back in 2023

  EV Startup Fisker Ditches Tesla-Style Direct Sales Model

  Billionaire Space Battle Heats Up as Bezos Eyes SpaceX Rival

  SpaceX Illegally Fired Workers Critical of Musk, Federal Agency Says

  Clorox’s Future Depends on Winning Your Cat’s Litterbox

  Jeff Zucker’s Latest Bet: Prestige TV

  Big Fashion Still Hasn’t Figured Out How to Pay a Living Wage

  How the Push for Diversity at Colleges and Companies Came Under Siege

  Just a Billion Doesn’t Cut It on This Exclusive Florida Island

  Pop-Tarts’ Devoured Mascot May Live to Be Eaten Again

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• Morning News: January 3, 2024
  Eddy Elfenbein, January 3rd, 2024 at 7:03 am

  Saving the Panama Canal Will Take Years and Cost Billions, If It’s Even Possible

  China’s Top Banks Tighten Exposure to Smaller Peers to Curb Credit Risk

  Xi’s Mixed Messages Leave Whiplashed Investors Wary of China

  US National Debt Hits Record $34 Trillion

  Treasury 10-Year Yield Eyes 4% as Bonds Dip Ahead of US Data

  Will America’s Good News on Inflation Last?

  Bitcoin Reverses Course Ahead of Eagerly Awaited ETF Decision

  How to Save for an Emergency, with Help from Your Employer

  Finding a New Job Is Getting Harder

  Unemployed Americans Are Being Forgotten in a Strong Job Market

  Sustainable Energy Goals Require Public Investment in Emerging Technologies, BCG Chair Says

  U.S. Auto Sales Bounced Back in 2023

  Why America’s Electric Car Push Isn’t Working

  Tesla Faces a Higher Bar for Hype in 2024

  U-Haul Report Shows Texas Attracted the Most Number of People Relocating

  Harvard’s Governance Dilemma

  Disney to Work With ValueAct in Bid to Stave Off Billionaire Activist Peltz

  He Revived Old Spice. Can This CEO Save a Sneaker That Lost Its Cool?

  Starbucks Will Now Let Customers Use Personal Cups for Nearly All Orders

  SoftBank Veteran Arora a Billionaire After Another Huge Payday

  Inside a Flaming Jet, 367 Passengers Had Minutes to Flee. Here’s How They Did It.

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• Morning News: January 2, 2024
  Eddy Elfenbein, January 2nd, 2024 at 7:05 am

  Iran Sends Warship to Red Sea After US Sinks Houthi Boats

  Bangladesh’s Tangles with Yunus, Nobel Winner and Microloan Founder

  US Pressured Netherlands to Block China-Bound Chip Machinery

  Nigeria to End Practice of Using Central Bank to Fund Deficit

  India Is Chasing China’s Economy. But Something Is Holding It Back

  Britain’s Economy Is ‘Not Working.’ Here Are 2 Key Reasons

  For Investors, 2024 is Year of Transition to a New Economic Order

  Here’s (Almost) Everything Wall Street Expects in 2024

  US Fintechs Push Into Fixed-Income Trading as Retail Investor Interest Grows

  New Disruptions, Geopolitics Hang Over 2024 Supply Chains

  As CFOs Prepare for an Unpredictable 2024, Here’s What Tops Their Checklists

  Is America on the Mend?

  I Spent New Year’s Eve Trying to Do the FAFSA. It Didn’t Go Well

  Apple Stock Downgraded as Barclays Warns on Cooling iPhone Demand

  Iberdrola Ends $4.3 Billion Deal to Buy US Power Firm PNM

  Musk’s X Value Cut by Another Fidelity Writedown, Axios Reports

  China’s EV Champion BYD Will Take on the World in 2024

  Evergrande Auto’s Investment Agreement With Dubai Automaker Lapses

  Wayfair’s CEO Wants Staff to Work Harder. Your Boss Probably Agrees

  Americans Are Canceling More of Their Streaming Services

  The Businesses Betting on New Year’s Resolutions

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• Morning News: January 1, 2024
  Eddy Elfenbein, January 1st, 2024 at 7:33 am

  China and US Should Strive for Peaceful Coexistence, Xi Says

  Putin Says He Wants Peace in Ukraine But on Russia’s Own Terms

  Iran Says Prospect for Talks Over Nuclear Deal ‘Still Exists’

  Maersk Halts Red Sea Shipping as US Navy Sinks Houthi Boats

  Shale Is Keeping the World Awash With Oil as Conflicts Abound

  Meet America’s Newest Oil-Trader Extraordinaire: Joe Biden

  Pakistan’s Inflation Quickens for Second Straight Month

  Bangladesh Sentences Nobel Peace Prize Winner to 6 Months in Prison

  ‘There’s No Other Job’: The Colonial Roots of Philippine Poverty

  US Overtakes China as South Korea’s Top Export Market

  Chief Justice Roberts Says AI Will Transform How the Courts Work

  The Way Big Banks Shut Down Customer Accounts Is Callous. Let’s Fix It.

  Chill in the Housing Market Seeps Into Other Industries

  Covid Slashed Consumer Choices. This Is Why They Aren’t Coming Back

  Where the Job Market Is Heading in 2024, in Six Charts

  Baidu’s Live-Streaming Hopes Hit by Lapse of $3.6 Billion Deal to Buy YY

  BYD Posts Record Sales Quarter to Challenge Tesla at Own EV Game

  Western Anxiety About Chinese EVs Could Prove Self-Defeating

  Volkswagen’s Elusive Quest to Make an EV for the Masses

  Climate Activists Block Amsterdam Highway in Protest Against ING

  PGA Tour and Saudi-Backed LIV Extend Deadline to Finalize Deal

  The Sports-Betting Traders Deciding How Much You Win or Lose

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