 | |  | *past 24-hour performance |
| | More than just an EV maker: Tesla (TSLA) shares surged 10% after Morgan Stanley upgraded the stock, saying the EV maker's supercomputer called Dojo gives it an "asymmetric advantage" and envisioned the company selling AI technology to other automakers (CNBC)
Smucker’s sweet acquisition: The once-bankrupt Hostess (TWNK), best known as the maker of Twinkies, saw its stock price surge ~20% after J.M. Smucker (SJM) agreed to acquire the brand for $34.25 per share and take on its debt of ~$900M (NYT)
Precious metal grand prix: The U.S. and Saudi Arabia are in talks to secure metals in Africa needed for both countries’ energy transitions, as the White House tries to curb China’s dominance in the EV supply chain and the kingdom looks to buy $15 billion in global mining stakes (WSJ)
Google's antitrust showdown: The trial in a landmark antitrust case against Google (GOOGL) is scheduled to start on today in Washington district court over charges of monopolizing the online search space (Guardian)
Two-minute drill: Hours before kickoff on Monday Night Football, Disney (DIS) and Charter resolved the carriage dispute that blocked millions of viewers from watching ESPN, ABC, FX, and other Disney-owned networks (The Verge)
Health insurers are marking up prices: A WSJ investigation found that insurance companies and pharmacies are inflating the prices of generic drugs (WSJ)
Kellogg board approves snacks spinoff: Kellogg (K) said Monday its board of directors had approved the company’s plan to split in two: Kellogg Co., a cereals company, and Kellanova, a snacks company; The company expects the split to become effective Oct. 2 (Chicago Tribune)
Widespread engine issues: RTX Corp (RTX), formerly known as Raytheon, will take a $3 billion charge to inspect potentially defective jet engine components; will ground 350 planes per year through 2026 (Reuters)
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| | Energy stocks are back: It was the only sector that was up more than 10% last year... And it was up a lot more than that. Energy soared 66% overall. The uptrend slowed down this year, though. The sector has been down for much of 2023. But now, a reversal is underway. Read more » | The cost of childcare is soaring: The next time someone asks whether or not you think Biden's "Inflation Reduction Act" is working, you can share with them a new research report showing that childcare is becoming more expensive than in-state college tuition in 28 out of 50 states. Read more » | The downsides of paying all cash for a house: Paying all cash for a house is one of the best ways to beat out your competition and get a better deal. But there are still some downsides to be aware of. Read more » |
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| | Are superstar athletes good for the economy? (The Hustle) 90% of companies say they’ll return to the office by the end of 2024 (CNBC) Furniture isn’t what it used to be (Washington Post) US seizes nearly 1 million barrels of Iranian oil allegedly bound for China (CNN) Diamonds: a kick in the stones (Capitalist Exploits)
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| Credit card debt vs personal savings. |  | | | Sep 8, 2023 | | |  | | | 3.37K Likes 1.08K Retweets 296 Replies |
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