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TradeBriefs Editorial

From the Editor's Desk

The Log from the Sea of Cortez: John Steinbecks Forgotten Masterpiece on How to Think and the Art of Seeing the Pattern Beyond the Particular

The hardest state for a human being to sustain is that of open-endedness. We may know that uncertainty is the crucible of creativity, we may know that uncertainty is the key to democracy and good science, and yet in our longing for certainty we keep propping ourselves up from the elemental wobbliness of life on the crutch of opinion. Few things are more seductive to us than a ready opinion, and we brandish few things more flagrantly as we move through the world, slicing through its fundamental uncertainty with our insecure certitudes. The trouble with opinion is that it instantly islands us in the stream of life, cutting off its subject — and us along with it — from the interconnected totality of deep truth.

In 1940, as humanity’s most ferocious war was rupturing the world, Steinbeck and his marine biologist friend Ed Ricketts decamped to the nonhuman world and its elemental consolations of interdependence, embarking on an exploratory expedition in the Sea of Cortez, also known as the Gulf of California — “a long, narrow, highly dangerous body of water… subject to sudden and vicious storms of great intensity.”

Continued here


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G.O.P. Leaders Optimistic on Spending Deal After Meeting With Biden  
  

G.O.P. Leaders Optimistic on Spending Deal After Meeting With Biden
But it was not clear whether the progress would yield an agreement before midnight on Friday, when government funding for several agencies is slated to lapse, with money for the remainder of federal agencies on track to run out on March 8.


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4.3 Million Americans Won't Have To Pay Their Student Loans For A Year - Forbes (No paywall)  
  

4.3 Million Americans Won't Have To Pay Their Student Loans For A Year
CULVER CITY, CA - FEBRUARY 21: President Joe Biden announces an additional $1.2 billion in student ... [+] loan forgiveness for about 153,000 borrowers under the SAVE plan, at a meeting with community at Culver City Julian Dixon Library in Culver City, CA. (Irfan Khan / Los Angeles Times via Getty Images)


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Warren Buffett says the stock market is increasingly 'casino-like'--and young investors need to remember this 'one fact of financial life' to avoid the mess - Fortune (No paywall)  
  

Warren Buffett says the stock market is increasingly 'casino-like'--and young investors need to remember this 'one fact of financial life' to avoid the mess
Berkshire Hathaway CEO Warren Buffett shared a moving tribute to his fallen friend and right-hand man Charlie Munger in his annual shareholder letter over the weekend. The Oracle of Omaha lauded Munger as the “architect” of Berkshire’s success, eulogizing the “abominable no-man” by discussing some of his favorite whipping posts—including his comparison of the modern stock market to a casino.


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McKinsey website touted its advice to Chinese government ministries - FT (No paywall)  
  

Consultancy says marketing claims were ‘inaccurate’ and it has never worked for Beijing


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Jailed militant becomes ultimate bargaining chip in Israel-Hamas hostage deal - FT (No paywall)  
  

Demands for release of Marwan Barghouti thrust Palestinian leader back into spotlight


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Goldman CEO warns against getting overly confident of US 'soft landing' - FT (No paywall)  
  

David Solomon strikes more bearish tone on economy, citing ‘uncertainty’ on inflationary pressures and geopolitical risks


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Germany rebuffs Emmanuel Macron on troops for Ukraine and tells Paris to 'supply more weapons' - FT (No paywall)  
  

Berlin and central European countries reject French president’s comments on deploying forces


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This startup claims its new homes will generate more energy than they use  
  

This startup claims its new homes will generate more energy than they use
Aro has only built a few homes, but Gish says it will be on track to build 36 homes per year by the end of 2024. The company\'s production facility can handle 100 homes a year. It\'s unclear how much consumers will be willing to pay for a carbon-negative home, given how pricey the housing market is right now, and while mortgage rates remain stubbornly high.


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Hyundai and more of the safest cars on the road, according to new rankings  
  

Hyundai and more of the safest cars on the road, according to new rankings
Mazda’s head of North American operations, Tom Donnelly, praised the IIHS’s work, noting that the organization challenges automakers to prioritize passenger safety and engineer vehicles “in the pursuit of a crash-free society.”


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Goldman Sachs's CEO says the economic recovery isn't as sturdy as it looks  
  

Goldman Sachs's CEO says the economic recovery isn't as sturdy as it looks
Part of Solomon’s reasoning is that, while “the upper half of the economy here in the United States is still very strong,” things are getting a little dicier down below. That’s how you get companies like billionaire-beloved Hermès touting gangbusters growth while Kellogg’s is pitching cereal for dinner.


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Starbucks and Union Agree to Work Out Framework for Contract Talks  
  

Starbucks and Union Agree to Work Out Framework for Contract Talks
If a framework is agreed to and quickly leads to contracts, experts said, it could be a major development in labor relations in corporate America, where companies like Amazon and Apple have resisted union organizing to varying degrees.


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Trader Joe’s Is Coming to Springfield. Just Not That Springfield.  
  

Trader Joe’s Is Coming to Springfield. Just Not That Springfield.
Trader Joe’s has inspired an intense following in the United States for its abundant selection of affordable yet distinctive store-brand products — like their spinach and artichoke dip, Greek chickpeas with cumin and parsley, and horchata ice cream — that stand out from the wares of other American supermarkets, which have largely stuck with staples branded for the mass market.


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House Republicans subpoena Attorney General Garland for records from Biden classified documents probe  
  

House Republicans subpoena Attorney General Garland for records from Biden classified documents probe
Hur added, \"No jury could reasonably find that the substance of the call between Mr. Biden and the Ukrainian Prime Minister was national defense information. The two exchanged pleasantries and the Prime Minister heaped praise upon Mr. Biden for his December 9, 2015 speech to Ukraine\'s parliament. They did not engage in a substantive policy discussion.\"


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For Black workers, progress in the workplace but still a high hill to climb  
  

For Black workers, progress in the workplace but still a high hill to climb
\"I think history has taught us that nothing, when it comes to race in America, blows over quickly,\" she said. \"So it\'s just us trying to figure out how to be savvy in situations where we shouldn\'t have to be savvy. That has been something that we have to become equipped to do.\"


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Apple cancels plans to build an electric car  
  

Apple cancels plans to build an electric car
As part of its silence, Apple\'s hasn\'t outlined its expenditures in the auto space. Overall, the company spent about $30 billion on research and development in 2023, a 14% increase over the prior year. Apple\'s R&D budget includes investments in new software and features for its existing products such as the iPhone.


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Here are this year's most competitive rental markets  
  

Here are this year's most competitive rental markets
While rental supply is rising, demand is sustaining thanks to the short supply of homes for sale in today\'s market and rising mortgage rates. Home prices are still high, even with rising mortgage interest rates, making it increasingly difficult for younger Americans to make the transition from renter to homeowner.


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Biden faces anger from key Arab American voters in Michigan primary over Israel support in Gaza war  
  

Biden faces anger from key Arab American voters in Michigan primary over Israel support in Gaza war
\"We\'re doing all that we can to ensure that Biden is a one-term president,\" Turaani said, according to the U.K. broadcaster. \"In November, we will remember. When you stand against the will of the people, you\'re going to lose.\"


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Bumble cuts ~350 employees as dating apps face a reckoning | TechCrunch  
  

Bumble cuts ~350 employees as dating apps face a reckoning | TechCrunch
The company posted weak Q4 2023 results today showing a $32 million net loss and $273.6 million in revenue. While up from the same period a year ago, earnings came in below Wall Street expectations and were paired with a disappointing Q1 2024 forecast — sending Bumble’s stock tumbling ~10% in after-hours trading.


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Honor to launch its first foldable flip phone to challenge Samsung   
  

Honor to launch its first foldable flip phone to challenge Samsung
\"In the future, Honor\'s strategy is AI to reconstruct the user interaction. It will be intent-based, the user interaction. So maybe when you interact with your phone, it can understand what is your requirement,\" Zhao said.


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Beyond Meat shares soar 80% as company tops quarterly revenue estimates, plans 'steep' cost cuts in 2024   
  

Beyond Meat shares soar 80% as company tops quarterly revenue estimates, plans 'steep' cost cuts in 2024
To counter weak demand in the United States, Beyond Meat, which supplies its plant-based meat patties to fast food chains such as McDonald\'s and Yum! Brands, has lowered prices and resorted to higher discounts.


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Hims & Hers soars 31% on rapid growth in mental health, weight loss and dermatology treatments  
  

Hims & Hers soars 31% on rapid growth in mental health, weight loss and dermatology treatments
Deutsche Bank analysts, who have a hold rating on the stock, wrote on Monday that Hims & Hers finished the year strong, with \"meaningfully better-than-expected\" 2024 guidance. They raised their price target from $8 to $14.


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Oil prices rise as market monitors Gaza cease-fire talks, OPEC production cuts  
  

Oil prices rise as market monitors Gaza cease-fire talks, OPEC production cuts
Maersk North America President Charles van der Steene warned customers Tuesday that they should \"be prepared for the Red Sea situation to last into the second half of the year and build longer transit times into your supply chain planning.\"


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Warlord behind 1,500 murders returns to Colombia after 12-year sentence in US  
  

Warlord behind 1,500 murders returns to Colombia after 12-year sentence in US
But he was extradited to the United States five years later during the administration of President Álvaro Uribe, along with 13 other paramilitary leaders who had been wanted for drug trafficking in the United States.


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Venezuelan migrants boost economies of South American countries, studies find  
  

Venezuelan migrants boost economies of South American countries, studies find
“Beyond economics, Venezuelans are bringing about a socio-cultural transformation. They have improved the gastronomy of Colombia with their fusion of European flavours that are outside of Colombia’s traditional cuisine and contributed to greater diversity of live music,” Rodríguez said.


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Congress 'gradually destroying' US relations with Pacific ally, Marshall Islands president warns  
  

Congress 'gradually destroying' US relations with Pacific ally, Marshall Islands president warns
Heine said the needs of the four atolls, which have been recognised as most affected, "as well as the trauma and impacts from the American nuclear weapons testing program are far from being addressed".


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Victoria fires: final warning as thousands urged to leave amid catastrophic danger rating  
  

Victoria fires: final warning as thousands urged to leave amid catastrophic danger rating
Extreme fire danger was also expected for much of eastern South Australia on Wednesday, with the emergency services minister Joe Szakacs, warning the state’s firefighters were facing some of the harshest weather this summer.


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Minister briefed on how total gambling ad ban would work in Australia by European experts  
  

Minister briefed on how total gambling ad ban would work in Australia by European experts
In Australia, Gambling Help Online is available on 1800 858 858. The National Debt Helpline is at 1800 007 007. In the UK, support for problem gambling can be found via the NHS National Problem Gambling Clinic on 020 7381 7722, or GamCare on 0808 8020 133. In the US, call the National Council on Problem Gambling at 800-GAMBLER or text 800GAM.


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Red Army Faction militant arrested in Germany after decades on run  
  

Red Army Faction militant arrested in Germany after decades on run
Klette is suspected of involvement in a gun attack on the US embassy in Bonn in 1991 and an explosive attack in Weiterstadt in 1993. There is evidence to suggest that she was also at the crime scene during a 1993 anti-terrorism operation in Bad Kleinen, Mecklenburg, in which the police officer Michael Newrzella and the RAF member Wolfgang Grams were killed and the former RAF member Birgit Hogefeld was arrested.


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Qatar and Egypt 'will help form new Palestinian technocratic government'  
  

Qatar and Egypt 'will help form new Palestinian technocratic government'
His aides fear that some of the phraseology coming from the US security officials suggest Washington, despite its warnings, is going to greenlight the land offensive in Rafah on the basis that Israel has constructed a credible plan that will shift the refugees within Gaza once again, leaving Hamas exposed to a final Israeli attack.


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Key Witness Says He Doesn’t Know When Romance Between Trump Prosecutors Began  
  

Key Witness Says He Doesn’t Know When Romance Between Trump Prosecutors Began
Lawyers for Mr. Trump and other defendants hammered at Mr. Bradley’s credibility on Tuesday, reading aloud text messages he wrote in January that appeared to suggest that he knew more about the prosecutors’ relationship than he was letting on. In text exchanges, Mr. Bradley told a defense lawyer, Ashleigh Merchant, that the romance between the prosecutors had begun before Nov. 1, 2021, when Ms. Willis hired Mr. Wade.


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In Chicago, It’s Summer in February  
  

In Chicago, It’s Summer in February
Still, for most of Tuesday, Chicago looked and felt like summer: Apartment windows were pushed open to catch the warm breeze. Restaurants set up tables and chairs on sidewalks for al fresco lunch service, a rare sight in a Chicago February.


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The Killing at U. of Georgia: What We Know  
  

The Killing at U. of Georgia: What We Know
Ms. Riley was an undergraduate student at the school until the spring of 2023. After that, she enrolled in Augusta University’s nursing program, which has a campus in Athens, school officials said. She was on Augusta University’s fall 2023 dean’s list.


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Michigan Judge Orders Deposed G.O.P. Leader to Stand Down  
  

Michigan Judge Orders Deposed G.O.P. Leader to Stand Down
The judge also forbade her from accessing the party’s bank accounts and postal boxes, and from engaging in communication on social media on behalf of the party. In recent days, she had used the party’s social media accounts to promote her “convention” in Detroit on Saturday.


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As Michigan Votes, Haley Slams Trump in Colorado and Presses Party Officials  
  

As Michigan Votes, Haley Slams Trump in Colorado and Presses Party Officials
“They’re a great organization that believes in freedom and smaller government, and I appreciate the partnership,” she said. “But that wasn’t something we were focused on for money.”


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Young Voters Say Their Discontent Goes Deeper Than Israel and Gaza  
  

Young Voters Say Their Discontent Goes Deeper Than Israel and Gaza
But for some young people in Michigan and elsewhere, Mr. Biden’s alignment with Israel has presented a new concern. Voters under 30 overwhelmingly voiced their opposition to the conflict in a December New York Times/Siena College poll, saying that Israel hadn’t done enough to prevent civilian casualties in Gaza and that the military campaign should stop.


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Family Dollar Is Fined $41.7 Million Over Rodent-Infested Warehouse  
  

Family Dollar Is Fined $41.7 Million Over Rodent-Infested Warehouse
Family Dollar temporarily closed stores in 2022 because of the infestation. The stores were closed for a few weeks but have all reopened since, said Kristin Tetreault, a spokeswoman for Dollar Tree.


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After 4 Months of War, Biden and Netanyahu Are on Different Timetables  
  

After 4 Months of War, Biden and Netanyahu Are on Different Timetables
“It’s absolutely fair to say Biden and Bibi are on different political timetables with respect to the Gaza war — and I think it’s an increasingly significant part of the equation,” said Frank Lowenstein, a former special envoy for Middle East peace under President Barack Obama.


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Here’s How the Protest Vote Has Played Out in Past Primaries  
  

Here’s How the Protest Vote Has Played Out in Past Primaries
Another factor is whether other statewide races are on the same day, drawing voters who otherwise would not have turned out for the presidential nominating contest. There are no other major races on the ballot on Tuesday.


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As Spending Talks Intensify, Johnson’s Bind Grows Tighter  
  

As Spending Talks Intensify, Johnson’s Bind Grows Tighter
“He has a divided Republican grass-roots base,” Mr. Weber said. “Isolationism has spread among the grass-roots base, but there’s also a lot of grass-roots Republicans who will be furious if we let the Russians win. He’s got problems multiple ways. But he’s got to figure out the right thing to do and do it. It may cost him his speakership.”


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Behind the A.I. Robocall That Impersonated Biden: A Democratic Consultant and a Magician  
  

Behind the A.I. Robocall That Impersonated Biden: A Democratic Consultant and a Magician
But Mr. Carpenter said Mr. Kramer had told him he wanted the audio in order to assess the technology as a potential service for future clients, after a Thanksgiving party where Mr. Carpenter had made an A.I. impersonation of Senator Lindsey Graham “saying something vulgar” as a joke. The two men were introduced through a mutual acquaintance last year, Mr. Carpenter said.


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Republican Demands and Divisions Drive Impasse Toward a Shutdown  
  

Republican Demands and Divisions Drive Impasse Toward a Shutdown
In one case last fall, the more moderate lawmakers helped to sink a spending bill that prevented money from being spent to enforce a District of Columbia law that protects employees from being discriminated against for seeking contraception or abortion services.


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How California’s Rainy Season Is Shaping Up So Far  
  

How California’s Rainy Season Is Shaping Up So Far
Though the winter storms have often been damaging, they’re mostly good news for the water supply. The state’s reservoirs are at a healthy 119 percent of their normal levels, in part because they are still benefiting from the back-to-back “atmospheric rivers” that slammed California last winter.


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Yellen Urges Israel to Restore Economic Ties to West Bank  
  

Yellen Urges Israel to Restore Economic Ties to West Bank
Senior Biden administration officials have been trying to mediate a resolution to the conflict in Gaza, which health authorities there say has killed approximately 29,000 Palestinians. Ms. Yellen has largely been focused on tracking the economic implications of the war and managing the sanctions that the Treasury Department has imposed on Hamas and those who are involved in its network of finances.


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An Emboldened F.T.C. Bolsters Biden’s Efforts to Address Inflation  
  

An Emboldened F.T.C. Bolsters Biden’s Efforts to Address Inflation
White House officials concede that there is little more Mr. Biden can do unilaterally to reduce grocery prices and even less chance of legislative help from Congress. That is why Mr. Biden has resorted to the bully pulpit, calling on stores to reduce prices and chastising snack makers for engaging in “shrinkflation” — reducing portions while raising or maintaining prices.


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Starbucks, Union Agree On ‘Path Forward’ In Major Breakthrough  
  

Starbucks, Union Agree On ‘Path Forward’ In Major Breakthrough
Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we\'ll bring you hard-hitting investigations, well-researched analysis and timely takes you can\'t find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.


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This Union Could Be On The Verge Of A Historic Breakthrough In The South  
  

This Union Could Be On The Verge Of A Historic Breakthrough In The South
Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we\'ll bring you hard-hitting investigations, well-researched analysis and timely takes you can\'t find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.


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Starbucks has agreed to work toward a bargaining agreement with its union  
  

Starbucks has agreed to work toward a bargaining agreement with its union
“There is a lot of work ahead, but this is an important, positive step,” said Sara Kelly, Starbucks’s chief partner officer, in a statement posted online. “It is a clear demonstration of our intent to build a constructive relationship with Workers United in the interests of our partners.”


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OpenAI accused the New York Times of paying someone to feed ChatGPT deceptive prompts  
  

OpenAI accused the New York Times of paying someone to feed ChatGPT deceptive prompts
That said, many of those lawsuits have floundered, so far. The Times’ lawsuit has been deemed one of the most promising legal attacks on the AI industry’s business model, which some critics have referred to as “theft.” OpenAI has continually attempted to get the newspaper’s lawsuit thrown out of court.


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Hulu and Disney+ are losing subscribers as the streaming industry struggles to turn a profit  
  

Hulu and Disney+ are losing subscribers as the streaming industry struggles to turn a profit
“The previous stage was hyper-focused on acquisition – which made sense, as these new brands had to establish a mass audience,” Antenna CEO Jonathan Carson wrote in the report. “But now that the largest players have that scale (and the niche players have introduced themselves to their target audiences), they must shift their focus to managing their subscribers.”


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Apple is reportedly shutting down its EV project after spending billions of dollars over a decade  
  

Apple is reportedly shutting down its EV project after spending billions of dollars over a decade
The news of Apple’s cancellation was celebrated by Tesla CEO Elon Musk, whose automaker is one of the largest players in the EV market. Musk took to X, the social media platform he purchased and rebranded from Twitter, to post a saluting emoji followed by a cigarette emoji.


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Cava stock is soaring after the Mediterranean restaurant chain reported blockbuster earnings  
  

Cava stock is soaring after the Mediterranean restaurant chain reported blockbuster earnings
The fast-casual chain has also been gaining more notice simply because it’s expanding its footprint. CAVA opened 72 new restaurants in 2023 and expects to open between 48 and 52 more in the coming year.


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Work from home gear you didn't know you needed  
  

Work from home gear you didn't know you needed
The beauty of working from home is that it’s your space, and you can decide what sort of comfort you need to do your best work. Most of us aren’t built for spending eight hours at a desk with minimal movement, so if you have the capacity to do so, use every inch of space you have. If you feel like you’re getting stuck in a rut, migrate to a different room and take your work setup with you. No matter what your boss might think about you working in your pajamas lying down on the couch, if it helps you do the job, then at least you’ll be the last one to complain.


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Tesla has mysterious humanoid robots. Here's what to know about them  
  

Tesla has mysterious humanoid robots. Here's what to know about them
Optimus could present even more of a challenge. New technologies need abundant beta testing to prove functionality, efficacy, and longevity. Not to mention the obvious safety issues that come with artificially intelligent humanoid robots. Given these factors, it could be many years until Tesla is ready to ship you an Optimus robot.


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Now we know why the SpaceX Starship exploded — twice  
  

Now we know why the SpaceX Starship exploded — twice
For the third test, SpaceX plans to introduce several new features, including the aforementioned electric steering system for the upper-stage Raptors. The company also aims to expedite propellant loading before launch and test in-flight fuel transfer within the rocket, as a part of a NASA contract.


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Apple Vision Pro's latest headache comes from cracks appearing out of nowhere  
  

Apple Vision Pro's latest headache comes from cracks appearing out of nowhere
“If it’s cracking multiple times over and over, what’s the point? Who’s going to buy a car if it just rusts after you have it for a week? I don’t want that,” the Redditor u/BsSomers13, whose headset is currently back at Apple to repair the crack, told Gizmodo over the phone. “That’s a poor experience for the hefty price that you pay.”


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Warner Bros. Discovery has ended merger talks with Paramount Global. Here are the Nickelodeon owner’s other suitors  
  

Warner Bros. Discovery has ended merger talks with Paramount Global. Here are the Nickelodeon owner’s other suitors
Comcast, the owner of NBCUniversal, has also met with Paramount Global to discuss streaming options, such as creating a joint streaming app featuring their respective streaming platforms, Peacock and Paramount Plus.


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Macy's is closing 150 stores but doubling down on luxury brands like Bloomingdale's  
  

Macy's is closing 150 stores but doubling down on luxury brands like Bloomingdale's
“We are leaders, not followers,” he said. “While we have missed the mark in some years, we’re self-aware and have developed a bold strategy to deliver a better experience for our customers.”




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