August 21, 2024 Crossing Wall Street
Morning News: August 21, 2024
A $2 Trillion Reckoning Looms as Ports Become Pawns in Geopolitics
The New Consensus on Trade Is Wrong and Dangerous
Japan Trade Slips into Deficit, Yen’s Rise Clouds Export Outlook
Italy’s Panetta Says EU Needs Immigration to Grow the Economy
Global Stocks Set for Modest Gains, Hinging on Series of Rate Cuts
Indonesia’s Central Bank Holds Rates Steady, as Expected
Bank of Thailand Holds Rates Steady Amid Economic Uncertainty
Powell Confronts Policy Crossroads With All Eyes on Jackson Hole
It’s Not Just Stocks — There’s Another Market Climbing to Thin Air, This Banking Giant Says
Tether to Launch Stablecoin Pegged to UAE’s Dirham
B. Riley’s Money Machine Ensnared Retail Investors $25 at a Time
As the Rich Snap Up Gold Bars, Storage Vaults Brace for Business
Judge Blocks F.T.C.’s Noncompete Rule
Nvidia Eyes Return to Record as AI Spending Bonanza Continues
Texas Instruments Tries to Ease Its Capital Pain
How Big Tech Is Obscuring AI’s Climate Impact
China’s Huge Piles of Coal Are a Climate Success Story
US Coal Miner Consol to Buy Arch Resources for $2.3 Billion
Ford Pulls Back Further From EVs With $1.9 Billion SUV Pivot
Walmart Dumps Entire Stake in China’s JD.com
Target Swings to Sales Growth as Price Cuts Lure Shoppers
Macy’s Reports Lower Sales as Shoppers Cut Back
Edgar Bronfman Jr.’s Long, Tortuous Path to Paramount Offer
America’s Love Affair With Investing in the Premier League Fades
JT Group to Buy US Cigarette Maker Vector for $2.4 Billion
Beyoncé Partners With Moët Hennessy on a New American Whisky
Luxury Brands Have a Strict Hierarchy. Burberry Found Out the Hard Way
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Posted by Eddy Elfenbein on August 21st, 2024 at 7:08 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.
