Morning News: August 29, 2024

Why Ethiopia’s Bid for Red Sea Access Angers Somalia

China Oil Majors Paint Bleak Picture for Demand in Top Importer

Risks to US Job Market Start to Emerge in Regional Fed Surveys

King Dollar’s Softening Is Good News for Nearly Everyone

Most-Hated Credit Trade Turns Into a Big Winner for Hedge Funds

Warren Buffett’s Berkshire Hathaway Hits $1 Trillion in Market Value

Star Fund Manager’s Free Rein at Wamco Backfired for Franklin

‘Nvidia Day’ Inspires Watch Parties and Memes, but the Fanfare Doesn’t Last

When 50% Margins No Longer Impress, You’re Nvidia

Nvidia Tumbles After Disappointing Forecast, Blackwell Chip Snags

Telegram Founder Charged With Wide Range of Crimes in France

Can China Tech Find a Home in Silicon Valley?

ASML’s China Chip Business Faces New Curbs From Netherlands

US Snowboard Champ Pitches Green Shipping for Maersk

Lithium Startups Bet on High Demand in Battery-Powered Future

Polestar Posts $242 Million Loss Amid EV Demand Slowdown

How America Can Break Its Highway Addiction

Mars’ $36 Billion Deal Faces Tough Review by Lina Khan’s FTC

Dollar General Plunges as Core Customers Feel Budget Crunch

At Costco, Shopping for Clues About Consumers

Australian Winemaker to Benefit as China Uncorks Imports

Absolut Vodka Maker Pernod Ricard Expects Challenges in U.S., China to Persist

Private Equity Is Coming for Youth Sports

Asics to Exit Baseball Business to Focus on Cult Hit Sneakers

Birkenstock Hits Its Stride After Stumbling Earlier in the Year

He Raised Disney Park Prices—and Fans Still Love Him. Now He’s on the CEO Shortlist

Be sure to follow me on Twitter.

Posted by on August 29th, 2024 at 7:03 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.