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TradeBriefs Editorial

From the Editor's Desk

Sentimentality and Being Mortal: Poet Mark Doty on the Passionate Fragility of Our Attachments

How beautiful and unbearable that only one of each exists — each lover, each child, each dog; that this particular chance-constellation of atoms has never before existed and will never again …Continued here

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The Soft Landing Is Global, but It’s Cushiest in America  
  

The Soft Landing Is Global, but It’s Cushiest in America
“This is a good situation, let’s be honest, this is a good economy,” Jerome H. Powell, the chair of the U.S. Federal Reserve, said at a news conference this week — two of nearly 20 times that he called the data “good” during his remarks.


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Job Growth Twice As Strong As Expected In January - Forbes (No paywall)  
  

Job Growth Twice As Strong As Expected In January
The U.S. added far more jobs than expected last month even as the unemployment rate ticked up, according to data released by the Labor Department, as the economy walks the tightrope of maintaining a strong labor market while simultaneously bringing down inflation to a palatable level.


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‘Woke’ Gen Z men are actually more likely than baby boomers to believe feminism does more harm than good, research says - Fortune (No paywall)  
  

‘Woke’ Gen Z men are actually more likely than baby boomers to believe feminism does more harm than good, research says
Gen Z has often been touted as the most inclusive generation yet. It’s the demographic that’s leading discussions around mental health, sexual experiences, and politics. But new research shows that feminism doesn’t make the cut in their progressive views.


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Did an Israeli hospital raid breach the laws of war? - The Economist (No paywall)  
  

Did an Israeli hospital raid breach the laws of war?
Disguising a soldier as a doctor can be an act of “perfidy”


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Craig Wright Claims He's Bitcoin Creator Satoshi Nakamoto. Can He Prove It in Court? - WIRED (No paywall)  
  

Craig Wright Claims He's Bitcoin Creator Satoshi Nakamoto. Can He Prove It in Court?
In October 2008, Nakamoto gave Bitcoin to the world. Then they disappeared. To this day, nobody knows who Nakamoto is. Amongst the speculation, one man stepped forward: Craig Wright, an Australian computer scientist who has, since 2016, maintained that he is Nakamoto. Now he'll have to prove it in court.


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U.S. Quietly Resumes Deportation Flights Deep Into Mexico  
  

U.S. Quietly Resumes Deportation Flights Deep Into Mexico
The United States paused deportation flights for Mexicans in 2022, when officials turned their attention to the skyrocketing number of migrants arriving from countries including Haiti and Venezuela.


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Rep. James Clyburn Lays Out His Expectations for Biden in South Carolina  
  

Rep. James Clyburn Lays Out His Expectations for Biden in South Carolina
Maya King is a politics reporter covering the Southeast, based in Atlanta. She covers campaigns, elections and movements in the American South, as well as national trends relating to Black voters and young people. More about Maya King


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Biden Pays Silent Tribute to Three U.S. Soldiers as American Forces Retaliate  
  

Biden Pays Silent Tribute to Three U.S. Soldiers as American Forces Retaliate
The three reservists were killed by an explosives-laden drone at a remote base in Jordan, just over the border with Iraq, where fighters supplied by Iran operate. While the drone attack was just the latest of more than 160 mounted against American and allied targets since Oct. 7, it was the first to cause U.S. fatalities. Two Navy SEALs died after going overboard during an interdiction operation in the Arabian Sea and an American civilian contractor died of a heart attack during a false alarm for a strike.


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Tesla Recalls About 2.2 Million Electric Vehicles Over Warning Light Font Size  
  

Tesla Recalls About 2.2 Million Electric Vehicles Over Warning Light Font Size
Reuters reported in December that tens of thousands of Tesla customers had complained to the company about failures of suspension or steering parts. Tesla blamed drivers, even though it had been tracking the issues for years and knew more about them than it disclosed to regulators, Reuters found.


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Judge postpones Trump D.C. election trial pending appeal  
  

Judge postpones Trump D.C. election trial pending appeal
He is charged by Smith in Florida federal court with crimes related to retaining classified government records after he left office, and obstructing efforts by officials to recover those records.


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Trump Georgia prosecutor admits romantic relationship with Atlanta D.A. boss  
  

Trump Georgia prosecutor admits romantic relationship with Atlanta D.A. boss
\"At times I have made and purchased travel for District Attorney Willis and myself from my personal funds. At other times District Attorney Willis has made and purchased travel for she and I from her personal funds.\"


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Bristol Myers Squibb results top estimates as new drugs post strong sales growth   
  

Bristol Myers Squibb results top estimates as new drugs post strong sales growth 
Meanwhile, Opdivo generated $2.39 billion in revenue, which is up 8% from the fourth quarter of 2022. That\'s slightly below the $2.44 billion analysts had expected, according to FactSet estimates. 


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Fani Willis, the DA who charged Trump in Georgia, subpoenaed by House GOP  
  

Fani Willis, the DA who charged Trump in Georgia, subpoenaed by House GOP
Willis faces broader scrutiny related to her prosecution of Trump in the Georgia election interference case after a co-defendant alleged that she improperly benefited from the hiring of an outside attorney who is alleged to be Willis\' romantic partner.


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U.S. strikes more than 85 targets in Iraq and Syria in initial barrage of retaliatory attacks  
  

U.S. strikes more than 85 targets in Iraq and Syria in initial barrage of retaliatory attacks
\"We hear threats coming from American officials, we tell them that they have already tested us and we now know one another, no threat will be left unanswered,\" the chief of Iran\'s Revolutionary Guard, Hossein Salami, said Wednesday.


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Fourth-quarter earnings are shaping up to be the best of 2023, but there's a catch  
  

Fourth-quarter earnings are shaping up to be the best of 2023, but there's a catch
As good as fourth-quarter results have been, there\'s still no positive momentum looking forward. Both first-quarter and full-year 2024 earnings estimates have come down since Jan. 1 as many companies have issued cautious guidance this earnings season.


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Activist pushes Mattel to fix American Girl, Fisher-Price brands or sell them off  
  

Activist pushes Mattel to fix American Girl, Fisher-Price brands or sell them off
Barington also told Kreiz that the company should pause continued merger and acquisition efforts in favor of a $2 billion share repurchase operation, which would be an expansion of the company\'s existing share buyback program, and elevate lead director Michael Dolan to chair, a position Kreiz currently holds.


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DRC's worst floods in decades leave tens of thousands in temporary shelter  
  

DRC's worst floods in decades leave tens of thousands in temporary shelter
Alice Shabani, 52, is hosting three families who have nowhere to live. "When I heard people screaming that water was invading their houses behind my plot [of land], I did not hesitate to welcome them into my house," she said. "You feel like crying as though it has happened to you."


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'Shockingly amateurish': Australian government delivers veiled rebuke to Israel over UN agency comments  
  

'Shockingly amateurish': Australian government delivers veiled rebuke to Israel over UN agency comments
"The Australian government should follow its American and European allies and place travel bans and sanctions on violent settlers who have caused significant harm in the occupied Palestinian territories," he said.


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Paris residents set to vote on plan to triple parking charges for SUVs  
  

Paris residents set to vote on plan to triple parking charges for SUVs
Before Paris, Lyon – France’s third biggest city, which is run by the Greens – devised a progressive parking tariff system to incentivise people away from the use of heavy sports vehicles. Lyon’s scheme will begin this summer. “It’s about putting the issue of SUVs out into the public debate,” said Valentin Lungenstrass, a deputy mayor of Lyon in charge of mobility. “We want to incite people who have to use cars to choose vehicles which are more sober, lighter and electric.”


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US airstrikes hit 'more than 85 targets' in Iraq and Syria; officials say US will not strike inside Iran - live  
  

US airstrikes hit 'more than 85 targets' in Iraq and Syria; officials say US will not strike inside Iran - live
We do not seek conflict in the Middle East or anywhere else, but the President and I will not tolerate attacks on American forces. We will take all necessary actions to defend the United States, our forces, and our interests.


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US retaliatory airstrikes on targets in Iraq and Syria will not be the last  
  

US retaliatory airstrikes on targets in Iraq and Syria will not be the last
While risking a war with Iran was clearly a red line in the planning of this response, the risk of further complicating the relationship with Baghdad was clearly not a barrier. It is the US assessment that the Iraqi government is ultimately reliant on American soldiers to keep Islamic State at bay.


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US launches airstrikes in Iraq and Syria in retaliation for deadly drone attack  
  

US launches airstrikes in Iraq and Syria in retaliation for deadly drone attack
Although the US is now free from its wars in Iraq and Afghanistan, surging tensions in the Middle East, sparked by the Israel-Hamas fighting, threaten to drag US forces back into regional conflict.


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What does Biden's order against Israeli settlers mean and why did he do it now?  
  

What does Biden's order against Israeli settlers mean and why did he do it now?
Miller was also cautious about the state department floating the possibility of the US recognising a Palestinian state as a means to move the peace process forward. The British foreign secretary, David Cameron, suggested a similar move in combination with allies as a means to make the process of negotiating a two-state solution "irreversible".


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Ford sales jump in January, topping Toyota's, but EV growth stalls  
  

Ford sales jump in January, topping Toyota's, but EV growth stalls
“I\'ve been leading the company for three years, and 2024 is the first year I can say we really have a chance to have a breakout year for a lot of reasons,” Farley said. “We\'re past our labor issues and negotiation in the US, but most importantly, we\'re launching like six new products, and we already have a fresh new lineup of Broncos and Mavericks.”


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Prosecutor in Trump Georgia Case Admits Relationship With Colleague  
  

Prosecutor in Trump Georgia Case Admits Relationship With Colleague
But Ms. Willis said in her filing that “financial responsibility for personal travel taken is divided roughly evenly.” Mr. Wade echoed that language in his affidavit, adding that Ms. Willis “received no funds or personal financial gain from my position as Special Prosecutor.”


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Bill Ackman and Mark Zuckerberg Fail to Land Candidates on Harvard’s Board of Overseers  
  

Bill Ackman and Mark Zuckerberg Fail to Land Candidates on Harvard’s Board of Overseers
“We are disappointed but greatly appreciate all the support,” Zoe Bedell, an assistant U.S. attorney, who ran on the Ackman slate, said in a statement on Friday. “We look forward to trying again next year.”


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U.S. Hits Back at Iran With More Than Just Airstrikes  
  

U.S. Hits Back at Iran With More Than Just Airstrikes
“The reason that we bring these cases is, we know that the money Iran obtains from the illicit sale of oil is used to fund its malign activities around the world,” Matthew G. Olsen, who heads the national security division of the Justice Department, said on Friday. “The threats posed by Iran and the destabilizing effects of its actions have only come into sharper relief since the attacks of Oct. 7,” the day of the Hamas attack on Israel that killed roughly 1,200 people.


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Prosecutors in Documents Case Reject Trump’s Claims of Bias  
  

Prosecutors in Documents Case Reject Trump’s Claims of Bias
Discovery disputes can be contentious in criminal cases as defense lawyers push for as much information as they can get and prosecutors seek to limit access to materials that they believe are irrelevant.


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Kamala Harris Rallies Democrats, Pumps Up Biden and Warns of Trump  
  

Kamala Harris Rallies Democrats, Pumps Up Biden and Warns of Trump
“For years, the former president has stoked the fires of hate and bigotry and racism and xenophobia for his own power and political gain,” she said. “The former president has told us who he is, and it is on us, then, to recognize the profound threat he poses to our democracy and to our freedoms.”


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A Rare Question for Michigan Jurors: Do a Son’s Crimes Merit His Mother’s Conviction?  
  

A Rare Question for Michigan Jurors: Do a Son’s Crimes Merit His Mother’s Conviction?
Ms. Crumbley’s lawyer, Shannon Smith, said that her client should not be punished for the bloodshed that her son set in motion, in part because Ms. Crumbley could not have foreseen what would happen. Ms. Smith also argued, using examples from her own life, that parenting could be a messy and unpredictable job.


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The Dignified Transfer  
  

The Dignified Transfer
Before they were moved into position to witness the transfer on the tarmac, family members of the deceased soldiers met with Mr. Biden in a private room — an area intended to be a more intimate setting, closed off to the news media and the public, where they could mourn together.


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Supreme Court Won’t Block Use of Race in West Point Admissions for Now  
  

Supreme Court Won’t Block Use of Race in West Point Admissions for Now
The group successfully challenged race-conscious admissions at Harvard and the University of North Carolina during the court’s last term, effectively ending a policy that colleges across the nation had relied on for decades to increase racial diversity.


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Atmospheric River Could Bring ‘Dangerous’ Conditions to Southern California  
  

Atmospheric River Could Bring ‘Dangerous’ Conditions to Southern California
“Anytime you have these rainfall amounts intersecting with terrain and the built environment, you’re going to have trouble,” said Greg Carbin, the branch chief of forecast operations for the National Weather Service.


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Judge Scraps Trial Date for Trump Election Subversion Case  
  

Judge Scraps Trial Date for Trump Election Subversion Case
Judge Chutkan’s decision to delay the trial was the latest twist in an ongoing and often bitter struggle between Mr. Trump’s lawyers and prosecutors working for the special counsel, Jack Smith, over the timing of the proceeding.


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Tennessee’s Legislature Can’t Move Past the Bitter Clashes of 2023  
  

Tennessee’s Legislature Can’t Move Past the Bitter Clashes of 2023
It is, in part, a political hangover of the legislature’s own making. When called back for a brief session last summer to respond to the Covenant School mass shooting in Nashville, Republicans punted on taking up most legislation until their return in January.


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Man Convicted of Assaulting Police in Tipping Point on Jan. 6  
  

Man Convicted of Assaulting Police in Tipping Point on Jan. 6
“In my 37 years on the bench, I cannot recall a time when such meritless justifications of criminal activity have gone mainstream,” the judge, Royce C. Lamberth, wrote. “I have been dismayed to see distortions and outright falsehoods seep into the public consciousness.”


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The Economy Looks Sunny, a Potential Gain for Biden  
  

The Economy Looks Sunny, a Potential Gain for Biden
The Conference Board’s consumer confidence index has jumped in each of the past two months. A key component of it, in which consumers rate their current economic situations, is closing in on its recent high from February 2020, on the eve of the coronavirus pandemic.


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In California, the Number of Monarch Butterflies Has Dropped by 30 Percent  
  

In California, the Number of Monarch Butterflies Has Dropped by 30 Percent
“In 2020, the bottom fell out,” Pelton told me. The moment prompted many “existential conversations in the monarch world” about whether the species would ever recover, she said. But in a “somewhat miraculous” turnaround, she added, the monarch population bounced back to around 200,000 in 2021, a figure similar to this week’s count.


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Over 800 Officials in U.S. and Europe Sign Letter Protesting Israel Policies  
  

Over 800 Officials in U.S. and Europe Sign Letter Protesting Israel Policies
The document does not include the names of signers because they fear reprisal, said one organizer, an official who has worked in the State Department for more than two decades. But about 800 current officials have given approval to the letter as it has quietly circulated among employees at the national level in multiple countries, the official said.


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A Suddenly Media-Shy Speaker Can’t Answer Questions. He’s on the Phone.  
  

A Suddenly Media-Shy Speaker Can’t Answer Questions. He’s on the Phone.
But since winning the gavel, Mr. Johnson has taken to avoiding that ritual, employing one of the most common tactics in a member of Congress’s playbook to do so: talking, or pretending to talk, on the phone. These days, as he strides through the Capitol from his office to the House floor and back, Mr. Johnson’s preferred posture is inaccessible. And it most often involves using his iPhone as his buffer.


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Forget lowering interest rates and maybe raise them, Dallas Fed president says  
  

Forget lowering interest rates and maybe raise them, Dallas Fed president says
If the Fed cuts rates too soon, demand will pop back up and all that progress to bring inflation back down to 2% will have been for naught. So, she says, “we shouldn’t take the possibility of another rate increase off the table just yet.”


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ExxonMobil's CEO doesn't care about his growth plans annoying Saudi Arabia  
  

ExxonMobil's CEO doesn't care about his growth plans annoying Saudi Arabia
“We’re not going to run the business to appease an external member out there,” Woods said. “The way we look at it comes back to: Every dollar that we choose to invest and spend, do we see a return? Are we convinced we’re effectively spending that money and we’re spending it efficiently? That’s the criteria that we’re using and that’s the plans that we’ve built.”


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Big tech companies had big layoffs. Then they saw big profits  
  

Big tech companies had big layoffs. Then they saw big profits
On a call with analysts and investors yesterday, Meta CEO Mark Zuckerberg said that being a leaner company — no more free laundry service perks for tech workers! — is helping Meta execute better and faster. Zuckerberg is betting that he can still operate ambitiously on the plans of generative AI and metaverse.


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Joe Rogan has a new Spotify deal. What that means for podcasting  
  

Joe Rogan has a new Spotify deal. What that means for podcasting
In December, the company canceled two critically acclaimed podcasts: Jonathan Goldstein’s “Heavyweight” and the Pulitzer prize-winning “Stolen” by journalist Connie Walker. That same month, Spotify laid off 17% of its workforce or about 1,500 jobs. This followed earlier cuts to the company’s podcast division in June when it laid off about 200 workers.


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Tesla's bumpy start to 2024 includes recalls, a factory halted—and a huge loss in market cap  
  

Tesla's bumpy start to 2024 includes recalls, a factory halted—and a huge loss in market cap
Said market cap has dropped $153 billion (25%) to in just four weeks $601 billion from over $754 billion in Jan. 05. Elon Musk will have to watch his back if he wants to retain his title as the world’s richest person.


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2 words in an excellent jobs report show how long the labor market has been strong  
  

2 words in an excellent jobs report show how long the labor market has been strong
Though a lot of people were hoping that the Federal Reserve would start two decade-high interest rates sooner rather than later this year, there’s nothing in the jobs report that suggests that the Fed will be in any sort of rush. As long as inflation — down by far, but not down far enough — isn’t at the 2% figure that Jay Powell & Co. are looking for, and the job market keeps on humming, those cuts still don’t look like they’ll be coming anytime soon.


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Apple is teasing an AI announcement "later this year"  
  

Apple is teasing an AI announcement
As Quartz previously reported, Apple may be quiet about AI, but it’s been the biggest buyer of AI companies since at least 2017, gobbling nearly double the number that Microsoft and Meta have purchased. Acquisitions include providers of self-driving technology, AI voice assistant tools, and AI models for music.


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Squid Game season 2: Everything we know so far  
  

Squid Game season 2: Everything we know so far
In addition, the entertainment giant has confirmed that several of season one\'s popular characters will indeed be back, including Lee Jung-jae, Lee Byung-hun, Wi Ha-joon, and Gong Yoo – all of whom will reprise their roles from the first season.


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Who's who in SNL 1975: See the actors who will portray the iconic Saturday Night Live comedians on the big screen  
  

Who's who in SNL 1975: See the actors who will portray the iconic Saturday Night Live comedians on the big screen
Rachel Sennott has had a breakout year after cowriting and starring in 2023\'s Bottoms, previously appearing in films Bodies Bodies Bodies and Shiva Baby as well as HBO series The Idol. She will play Rosie Shuster, a writer on SNL behind famous sketches like Killer Bees and Todd and Lisa. Shuster also later wrote Gilda Radner\'s one-woman show and wrote for Carol and Company and The Larry Sanders Show. She was creator Lorne Michaels\'s wife when the first SNL show was made, a marriage that lasted from 1971 to 1980. 


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Should we fear an attack of the voice clones?  
  

Should we fear an attack of the voice clones?
The Electoral Commission, the UK\'s election watchdog, told me that emerging uses of AI \"prompt clear concerns about what voters can and cannot trust in what they see, hear and read at the time of elections\".


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Post Office victims had lives 'utterly destroyed'  
  

Post Office victims had lives 'utterly destroyed'
A Post Office spokesperson said: \"We fully support the aims of the ongoing public inquiry to get to the truth of what happened in the past, and it is vital that Post Office witnesses are able to provide evidence openly so that the inquiry can assess all the evidence.\"


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Big US jobs rise in January surprises again  
  

Big US jobs rise in January surprises again
\"You remember when you were paying $1 for something and now you\'re paying $1.17,\" said professor Charles Franklin, director of the Marquette Law School poll. \"Adjusting to the new normal for prices - that takes a long time.\"


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Job Market Starts 2024 With a Bang  
  

Job Market Starts 2024 With a Bang
Ms. Rutledge helped tabulate the National Association for Business Economics’ latest member survey, which found rising optimism that the country would avoid a recession — matching a turnaround in measures of consumer sentiment as inflation has eased.


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He’s Lost His Marriage, His Followers and His Lamborghini  
  

He’s Lost His Marriage, His Followers and His Lamborghini
Two years later, Mr. Armstrong, 41, has lost his production company and much of his wealth. His friends have turned on him, and his wife has filed for divorce. Over the last five months, across countless social media posts and videos, Mr. Armstrong has claimed to be the victim of a “criminal conspiracy” by “terrorists” who took over his YouTube channel. “BitBoy is dead,” he recently declared.


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How X Is Trying to Win Over Influencers  
  

How X Is Trying to Win Over Influencers
She has focused on signing up celebrities with dedicated audiences to make shows that run for up to three hours, a departure from X’s niche of 240-character text snippets, according to interviews with an X executive and representatives for the creators. She has at times relied on the business relationships that she forged during her previous career to lock down talent and negotiate bespoke deals.


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Dual Mission for Macy’s New Chief: Revive Stores and Fend Off Takeover  
  

Dual Mission for Macy’s New Chief: Revive Stores and Fend Off Takeover
“Tony, I think, has done a better job, quite frankly, than the Macy’s organization has done in keeping their stores tuned into their customers and making the presentation sparkle, be enticing and making people want to walk to the store to get ideas,” said Allen Questrom, a former chief executive of Federated Department Stores, as Macy’s parent company was then known.




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