Morning News: July 2, 2024

China’s Plastics Glut Risks Souring Trade Ties

Global Shipping Strains Seen Extending Into Second Half

Euro Zone Inflation Eases to 2.5% as Core Print Misses Estimate

Services Inflation Stays Strong in Eurozone, Complicating Rate-Cut Policy

Morgan Stanley’s Explosive Call on Interest Rates if Trump Wins

US Labor Market Shows Signs of Losing Steam, Putting the Fed on Alert

HSBC Curbs Hiring, Reins In Banker Travel in Cost-Cutting Push

US Auto Sales Set to Slow Amid Higher Rates, Dealer Cyberattack

New York City’s Apartment Shortage Is Set to Get Even Worse

‘Upflation’ Is the Latest Retail Trend Driving Up Prices for US Consumers

Microsoft AI Deal With UAE’s G42 at Risk Over National Security Fears

A.I. Begins Ushering In an Age of Killer Robots

China and U.S. Both Eye Breakthrough EV Technology

China EV Sales Rallied in June on Policy, Price Cuts

Polestar Plans Cuts as EV Tariffs, Price Pressure Deepen Loss

Boeing Calls Time on the Great American Outsourcing

Shell Pauses Construction at Netherlands Biofuels Facility

Japan’s Game Makers Are Bracing for Survival Brawl

US Inks Vaccine Deal With Moderna as Bird Flu Threat Looms

The Fried Chicken Sandwich Wars Are More Cutthroat Than Ever Before

Wegovy Outspends TV Advertisers in June Ahead of More Weight-Loss Competition

Barry Diller Explores Bid to Take Control of Paramount

Be sure to follow me on Twitter.

Posted by on July 2nd, 2024 at 7:10 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.