|  | *past 24-hour performance |
| | Uber dividends and buybacks: At an event on Thursday Uber Technologies (UBER) CEO, Dara Khosrowshahi, said the company is considering buybacks and dividends to shareholders as its cash flow ramps up (Reuters)
Apple’s AI ambition: Apple is now reportedly spending “millions of dollars a day” on its R&D budget solely dedicated to AI product research. The company has set an ambitious goal that would allow users to ask Siri to “automate tasks involving multiple steps" (Supercharged)
China sends chills down Tech’s spine: Beijing's widening curbs on iPhone use by government staff are raising concerns among US lawmakers and fanned fears that American tech companies heavily exposed to China could take a hit from rising tensions between the countries (Reuters)
Renting the gap: New apartment construction is on track to top a 50-year high, with nearly 461,000 units expected to be built across the U.S. this year. Another 1 million rental units are slated for completion through 2025, but higher costs and other headwinds could slow development (Axios)
Is oil going to $100? U.S Crude inventories fell by way more than expected. Stockpiles slid by 6.3 million barrels, versus 2.1 million expected, and are now 4% below the five-year average 6.3 million barrels (WSJ)
Help wanted: The number of unemployment benefits fall to lowest level in 7 months in another sign that the labor market remains largely unaffected by higher interest rates (AP)
Shedding stores: Kroger (KR) and Albertsons (ACI) supermarkets are in talks to sell more than 400 stores to C&S Wholesale Grocers for nearly $2 billion as part of their proposed $25 billion merger (Reuters)
There’s a meme for this: The SEC is probing Ryan Cohen's ownership and sale of now-defunct retailer Bed Bath & Beyond; also asked for information from the company's current and former board members (SA)
LNG output to take a hit: Workers at Chevron's (CVX) LNG projects in Australia went on strike after talks broke down, potentially disrupting output from facilities that account for over 5% of global supply (BBC)
New Era IPO: New Era Cap, a supplier of major sports headware, has kicked off preparations for an IPO that could value it at $4 billion to $5 billion (Reuters)
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| | Health-plan costs expected to jump 6.5% next year: Health-insurance costs are climbing at the steepest rate in years, with some projecting the biggest increase in more than a decade will wallop businesses and their workers in 2024. Read more» | U.S. economic pulse: The Fed is fond of saying that monetary policy works with a lag. That is absolutely true. In this particular cycle, it has worked with such a long lag that people were wondering if we’d ever get a recession at all. Read more » | Stock market winners & losers: in a cruel twist of irony, while there is plenty of opportunity to select winners and avoid losers, the biggest names are the biggest winners, making the market, once again, very difficult to beat. Same as it always is. Read more » |
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| | Hundreds of abandoned oil wells are rotting away in Texas (Texas Monthly) The room-temperature superconductor that wasn’t (Ars Technica) Why tunnels could build tomorrow’s cities (Every) Disney’s wild ride: Iger, Chapek & the making of an epic succession mess (CNBC) The decomposition of Rotten Tomatoes (Vulture) The glorious and mysterious burger joint that’s coming to your town (Slate) How BYD snatched Tesla’s crown (Rest of World)
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| |  | zerohedge @zerohedge |  |
| ... very bad | zerohedge @zerohedge It's about to get bad |
|  | | | Sep 7, 2023 | | |  | | | 3.61K Likes 969 Retweets 242 Replies |
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