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What I Am Reading

Thursday, August 3, 2023

Markets

Morning Bid: A sea of red, but AAA shock will fadeReuters
U.S. Downgrade Sparks Selloff in Stocks and BondsWall Street Journal
US Treasury Yields Hit 2023 Highs After Fitch DowngradeBloomberg

US I

US II

Private sector added 324,000 jobs in July, well above expectations, ADP saysCNBC
Yellen: IRS paperless system will cut deficit by $2.6 trillion over 10 yearsCNBC

Geopolitics & trade

Analysis: In India, it's advantage Tesla as Chinese automakers face heatReuters
The West Attacked Russia’s Economy. The Result Is Another Stalemate.Wall Street Journal

Industries & companies

Media:Elon Musk tweets, Twitter bots boosted FTX-listed crypto: researchersCNBC
Media:How ESPN Went From Disney’s Financial Engine to Its ProblemNew York Times
Tech:DoorDash Reports Record Delivery Orders In Second QuarterBloomberg
Tech:AMD shares fall as analysts worry AI chip targets may be ambitiousReuters
Tech:Shopify forecasts solid revenue growth on higher prices, more signupsReuters

AI

Is AI ready to handle cyber-economic warfare?The Hill

Beyond markets

On One Texas River, Four Dam Failures Show Harsh Reality of Aging InfrastructureWall Street Journal