Two Questions on Stablecoins and the Global Monetary System
Which countries will greet positively the elimination via blockchain of their ability to manage their own national economies? #press
https://www.wsj.com/articles/blockchain-stable-coin-dollar-currency-fec4c07f?utm_source=press.coop
Home Depot's Inflation Pressures Ease
CEO Ted Decker says costs are improving as suppliers demand fewer price increases. #press
https://www.wsj.com/articles/home-depot-hd-q2-earnings-report-2023-acdd5d55?utm_source=press.coop
Federal Judges Deserve Due Process, Too
Members of Judge Pauline Newman’s own court sit in inherently conflicting positions as prosecutors, judges, jurors and witnesses. #press
Justice, Justice Thou Shalt Pursue
Trump could learn a thing or two from Biden about co-opting the DOJ. #press
Rudy Giuliani, RICO Champion, Gets Indicted on Law He Made Famous
The one-time nemesis of Mafia bosses and Wall Street scofflaws is a key figure in a sprawling indictment alleging a criminal conspiracy to keep Trump in office. #press
Is China Past Its Peak?
Its rising debt, aging population and sinking housing market suggest it is. #press
Why Lawmakers Should Pass the SALT Deduction
Keep unchecked government in New York and California. #press
America Lost a Whole Lot of Millionaires Last Year
About 1.7 million U.S. adults are no longer millionaires. Another 17,260 dropped out of the ultra-high net worth category, meaning they are no longer worth $100 million or more. #press
Money Manager TCW Shakes Up Bond-Investor Ranks
Laird Landmann and Steve Kane, two of the firm’s top bond investors, will leave. #press
Tesla Launches Cheaper, Lower-Range Model S and Model X
The electric-vehicle maker has cut prices for its U.S. vehicles multiple times this year in a bid to stoke demand in a cooling car market. #press
U.K. Arrests Bulgarian Trio Suspected of Spying for Russia
British police have arrested five people, including at least three Bulgarian nationals, believed to have been living undercover in the U.K. while working for Russian intelligence. #press
A Millennial Couple Is About to Have Their First Child. Should Their Financial Plan Change?
A financial adviser weighs in on what their priorities should now be. #press
https://www.wsj.com/articles/millennials-first-child-financial-plan-9a4150ac?utm_source=press.coop
ESG Roundup: Market Talk
Gain insight on the resignation of Centrais Eletricas Brasileiras’s CEO, Chesapeake Energy’s plan to get out of the crude-oil business altogether, and more in the latest Market Talks covering ESG Impact Investing. #press
https://www.wsj.com/articles/esg-roundup-market-talk-4ec3f1f?utm_source=press.coop
Stand Outside Barefoot for Better Health? 'I Feel Like an Oddball, But if It Works, It Works.'
Pilots, pro athletes and others try ’grounding’—though don’t step on a bee. ‘I said a couple of bad words to myself.’ #press
https://www.wsj.com/articles/earthing-grounding-wellness-tiktok-trend-c9d82ca5?utm_source=press.coop
The Morning Risk Report
Big Banks Are Supposed to Fail Without Causing Panics. Is That Even Possible? Also, UBS to pay $1.44 billion to settle financial crisis-era case. #press
https://createsend.com/t/d-D131E66D5836A8F62540EF23F30FEDED?utm_source=press.coop
Natural Gas Falls on High Output, Softer LNG Exports
Natural gas was down while continuing to move back-and-forth in a largely rangebound market on high output and softer LNG exports. #press
This Hollywood Star Can Make a Stock-Market Comeback
Subtitling and dubbing provider Zoo Digital can do well even when new streaming hits aren’t being produced because of the Hollywood strikes. #press
Why College Football Can't Help Itself #press
Why the White House Went to Wall Street to Revive the U.S. Chips Industry
Talent from Goldman Sachs, KKR and Blackstone will help determine how $39 billion in semiconductor chip subsidies are allocated. #press
Streaming Prices Are Up Nearly 25% in a Year. That's Part of the Plan.
Price push by Disney, others is part of effort to trim losses, steer users toward more-lucrative ad-supported plans. #press
https://www.wsj.com/articles/disney-max-hulu-netflix-streaming-price-2c3bac2a?utm_source=press.coop