Forbes (July 23)
“The planet recorded its hottest day ever Sunday… as an unrelenting string of heat waves continue to topple daily record high temperatures across the U.S.—and more records are expected to fall as heat alerts remain in effect along the West Coast and northern Rocky Mountains.”
Tags: Daily records, Heat alerts, Heat waves, High temperatures, Hottest, Planet, Rocky Mountains, Sunday, Topple, U.S., Unrelenting, West Coast
The Guardian (July 11)
“China has 180 gigawatts (GW) of utility-scale solar power under construction and 15GW of wind power. That brings the total of wind and solar power under construction to 339GW, well ahead of the 40GW under construction in the US.”
Tags: 180 GW, 339GW, 40GW, China, Construction, Solar power, U.S., Utility, Wind power
Washington Post (July 9)
The Sahm Rule is considered “the best available recession indicator.” From its nadir, the unemployment rate has risen nearly half a percentage point, which is the rule’s threshold signifying a new recession. “This indicator is flashing a warning sign for the United States. It doesn’t indicate a recession will definitely happen soon, but it is an important wake-up call, and the Federal Reserve needs to pay attention.”
Tags: Attention spans, Fed, Indicator, Nadir, Recession, Sahm Rule, U.S., Unemployment rate, Wake-up call, Warning sign
MarketWatch (July 6)
“The bond market has enjoyed relatively limited volatility in the first half of 2024, but that calm could be disrupted by growing worry about the U.S. fiscal outlook ahead of the Nov. 5 presidential election. Of all the wild cards in the months ahead for the $27 trillion Treasury market… a rising U.S. government deficit is regarded as perhaps the greatest long-term risk facing the market right now because of its potential to translate into higher volatility during the second half.”
Tags: $27 trillion, 2024, Bond market, Deficit, Fiscal outlook, Growing worry, H1, H2, Market, Presidential election, Risk, Treasury market, U.S., Volatility
Bloomberg (July 5)
“Donald Trump’s growing lead in the US presidential race has sparked a rush to identify the key winning trades in global markets. History suggests that Japanese stocks are a good bet.” Some strategists think “the boost from a weak yen will give Japanese shares a leg up, just as funds seek alternatives to Chinese equities in anticipation of a tougher Trump stance toward Beijing.”
Tags: Alternative, Chinese equities, Global markets, Good bet, History, Japanese stocks, Lead, Presidential race, Strategists, Trump, U.S., Weak yen, Winning trades
The Week (June 28)
“There may be no bigger scramble in business right now than the race to dominate retail media,” which is expected to “account for more than a fifth of all digital ad spending in 2024.” The stakes are high. Amazon, for example, “earned $46.9 billion from retail ads,” which was more than all of Coca-Cola’s global revenue “and makes Amazon the third-largest advertising platform in the United States, behind only Google and Facebook.”
Tags: $46.9 billion, 2024, Advertising platform, Amazon, Business, Coca Cola, Digital, Dominate, Facebook, Google, Race, Retail media, Scramble, Spending, U.S.
Washington Post (June 26)
“This summer marks 4½ years since covid-19 altered the meaning and location of work for many Americans. Most people are back at their place of employment…. But government workers remain largely at home, so much so that 17 out of 24 federal agencies were using only about one-quarter of their headquarters’ office space last summer.”
Tags: COVID-19, Employment, Federal agencies, Government workers, Home, Location, Meaning, Office space, Summer, U.S., Work
Fortune (June 21)
“Nvidia became the world’s most valuable company” earlier this week. Moreover, Nvidia’s market cap of $3.35 trillion “single-handedly eclipses all of Europe’s stock markets in market capitalization.” According to Deutsche Bank, “the chipmaker’s valuation outstrips that of all listed stocks in Europe’s major business hubs—Germany, France, and the U.K.” Currently the “only markets whose listed shares are collectively larger than Nvidia’s are those of the U.S., India, China, and Japan”
Tags: $3.35 trillion, China, Chipmaker, Company, Deutsche Bank, Europe, France, Germany, India, Listed stocks, Market-cap, Nvidia, Outstrips, Stock markets, U.K., U.S., Valuable, Valuation
Washington Post (June 19)
“Scorching heat waves” are testing the “world’s resilience.” Before summer even began, “heat waves had already slammed disparate stretches of the planet, from Bangkok to Barranquilla.” The heat continued elsewhere in May and June. Now “parts of the United States are bracing for a potential record heat wave this week, while wildfires are already spreading” in the west. “In many ways, the climate disaster is already here.”
Tags: Bangkok, Climate disaster, Heat waves, Record, Scorching, Summer, U.S., Wildfires, World’s resilience
New Yorker (June 10)
Now that a New York jury has convicted former President Trump of thirty-four felony counts, “the American people will decide to what extent they care.” But the verdict is hardly the only key to understanding the impact of a second Trump term. “Even the most summary assessment of Trump’s rhetoric, actions, and intentions makes clear that the election in November is a matter of emergency. To return an unstable and malevolent authoritarian to the White House risks wounding American democracy in ways that would likely take decades to repair.”
Tags: Actions, Authoritarian, Convicted, Election, Emergency, Felony counts, Intentions, Jury, Malevolent, New York, President, Rhetoric, Trump, U.S., Verdict, White House
