Morning News: August 28, 2024

Drought Strains Brazil Hydropower Supply, Raising Energy Costs

Oil Market Warnings Grow as OPEC+ Decision Nears

Protests in China on the Rise Amid Housing Crisis, Slowing Economy

Bank of Japan Deputy Governor Reaffirms Readiness for More Rate Hikes

Africa’s Debt Crisis Has ‘Catastrophic Implications’ for the World

Germany ‘Falling Into Crisis’ as Berlin Suffers Vision Deficit

The Geography of Unequal Recovery

The American Dream Feels Out of Reach for Most

Credit Scores Without Debt? Fintech Cards Baffle Credit Industry

Fighting Financial Crime Could Pay for Nasdaq

Warren Buffett Sells More BofA Shares, Reaping $982 Million

HSBC’s Incoming CEO Weighs Cutting Layers of Middle Management

Apple Cuts Jobs in Online Services Group as Priorities Shift

Musk’s Legal Fights Boost Longshot Texas Bid to Become Court Hub

Can Tech Executives Be Held Responsible for What Happens on Their Platforms?

Zuckerberg’s Free-Speech ‘Mea Culpa’ Is a Sleight of Hand

Nvidia’s Earnings Will Test the S&P 500’s $4 Trillion Recovery

The World’s Call Center Capital Is Gripped by AI Fever — and Fear

Li Auto Guides for Stronger Sales After Quarterly Profit Halves

BYD’s First-Half Profit Rose on Strong EV Sales Despite Slowing China Demand

Gloom Falls Over One of China’s Most Successful E-Commerce Giants

Canada Goose, Known for Heavyweight Parkas, Leans Into T-Shirts and Shorts

Abercrombie Boosts Sales Again But Investors Keep Expecting More

Kohl’s Shares Rise as It Lifts Full Year Profit Outlook

Lego Sales Climb Despite Woes in the Toy Market

Lego to Replace Oil In Its Bricks with Pricier Renewable Plastic

Be sure to follow me on Twitter.

Posted by on August 28th, 2024 at 7:04 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.