On Retailers, Insurers & AI Scientists

The tides of consumer spending have shifted toward clothing and household goods and away from cars, homes, and casinos. At least that’s what the ytd performance stats of industries in the S&P 500 Consumer Discretionary sector indicate, Jackie reports. Supporting that narrative: A glowing management update from Target, which reported better-than-expected results this week. … Also: A look at the federal investigation into TWG Global’s companies. Could it be the first of many issues with insurers owned by large money management firms? … And: Claude and Rosalind don lab coats to help advance science.