- The top 25 stories curated by editors and fellow readers!
From the Editor's Desk
Markets are finally believing Fed chair Jerome Powell will pull off his soft landing - Fortune “Voters do not think about abstract concepts like GDP, have a distorted view of price levels, and believe that pay increases are due to them working harder,” Donovan continued. “While the reality is people have a higher standard of living for the same amount of work, the perception is people are working harder to stand still.”
“Even prior to Friday’s job news, the U.S. Economics team suggested that investors should be less worried about a labor-driven slowdown because the latest data suggests stronger final demand, which can backstop the labor market,” the note adds, “Improved productivity could help explain how somewhat softer jobs can coexist with strong demand.”
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WorkBetter Than Expected Jobs Data Supports a Soft Landing - Inc The U.S. Federal Reserve received more encouraging evidence that its efforts to gradually slow economic growth without large job losses are succeeding. Data released Friday by the Bureau of Labor Statistics (BLS) showed the unemployment rate dropped slightly to 4.1 percent in September, with most related indicators also largely holding firm. That scenario should allow Fed governors to agree to another interest rate reduction in November, following its half-point cut in Septemberits first in years. Work
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WorkSilicon Valley, the New Lobbying Monster - The New Yorker One morning in February, Katie Porter was sitting in bed, futzing around on her computer, when she learned that she was the target of a vast techno-political conspiracy. For the past five years, Porter had served in the House of Representatives on behalf of Orange County, California. She’d become famous—at least, C-span and MSNBC famous—for her eviscerations of business tycoons, often aided by a whiteboard that she used to make camera-friendly presentations about corporate greed. Now she was in a highly competitive race to replace the California senator Dianne Feinstein, who had died a few months earlier. The primary was in three weeks. Work
WorkThis Homemade AI Drone Software Finds People When Search and Rescue Teams CantWhen Charlie Kelly first messaged saying he wouldn't make it home that night, his partner wasn't happy. It was September 6, 2023, a Wednesday, and the 56-year-old, a keen hillwalker, had left the house that he shared with Emer Kennedy in Tillicoultry, near the Scottish city of Stirling, before she went to work. His plan was to climb Creise, a 1,100-meter-high peak overlooking Glen Etive, the remote Highland valley made famous by the James Bond film Skyfall. WorkNASA Made the Hubble Telescope to Be RemadeWhen NASA decided in the 1970s that the Hubble Space Telescope should be serviceable in space, the engineering challenges must have seemed nearly insurmountable. How could a machine that complex and delicate be repaired by astronauts wearing 130-kilogram suits with thick gloves?
WorkA new setting makes iPhone-to-Android texting easier - WSJ Apple’s iOS 18 software update supports Rich Communication Services, or RCS—the first major change to texting since SMS in 1992. It brings some familiar “blue bubble" iMessage features to “green bubble" chats with Android phones, such as emoji reactions and read receipts. Work
WorkWhy do the young vote left? - WSJ Fifty-seven percent of 18- to 34-year-olds surveyed prefer Kamala Harris for president vs. 26% for Donald Trump, according to the Pell Center. Why do our youth gravitate toward progressive idealism and a nanny state? Is it sloganeering like “new way forward" or “opportunity economy"? WorkThe mystery of why left-handers are so much rarerRelatively few people are lefties, and it’s a puzzle why. Still, the science of handedness is revealing fascinating insights about you – from how it could change the way you think, to the fact that you might be ‘left-eared’. WorkBankrupt EV startup Fisker left its abandoned headquarters in 'complete disarray'And yet, Lenzini says, the La Palma facility “has been left in complete disarray.” He says there are two 50- to 55-gallon drums, one which references containing oil and another which says contains coolant. He says there are “approximately 20 automotive sized batteries” left on site, too. It isn’t clear if those are electric vehicle battery packs or more typical 12-volt car batteries. Lawyers for Shamrock wrote that Fisker vehicles “were left parked” in the lot outside the facility, but did not specify if they are Ocean SUVs. WorkWorkWorkIs Nighttime Depression Really a Thing?“It’s a sense of sadness,” said Dr. Theresa Miskimen Rivera, a clinical professor of psychiatry at Rutgers University and president-elect of the American Psychiatric Association. “It’s that feeling of: There’s no joy. My life is so blah.” WorkWorkWorkOpinion | All the Good Economic News Vindicates BidenomicsClaims like this get some surface plausibility from the fact that employment among native-born Americans has in fact been flat or declining in recent years. But this isn’t happening because the Americans born here can’t find jobs; the native-born unemployment rate is only 3.8 percent. It’s happening because baby boomers are getting older, and more and more of them are reaching retirement age and leaving the labor force. This is, by the way, something many economists, myself included, have been writing about for a long time. WorkOne Year After Oct. 7, Peace Seems More Elusive Than EverIn the U.S., many American Jews reconnected with Jewish communities. The war led to mass protests on college campuses and is now an important election topic: Muslim and Arab American voters have become discontent with Democrats, particularly in the swing state of Michigan. WorkWorkComcast says 230,000 customers affected by debt collection data breachIn other words, keep an eye out for suspicious phone calls, emails and texts. This is good advice for anyone, and not just debtors who had data stored with FBCS. After all, it was revealed that hackers stole more than 2.7 billion records from American consumers earlier this year, which likely includes data on everyone who lives in the country. WorkWorkOasis expand reunion tour to AustraliaDynamic pricing was not used for the US tour sales. After the first wave of stadium dates there quickly sold out, the band added four more, which sold out too. It underlines the enduring popularity of a band who did better than most in breaking North America: they reached the Top Five of the US album chart three times, and twice topped the equivalent chart in Canada. WorkWorkWorkExecs from Stoke Space and Relativity Space join Disrupt 2024 | TechCrunchThe future of space launch will be defined by those who dare to push boundaries and innovate beyond what’s possible today. At Disrupt 2024, you’ll hear firsthand from the industry’s boldest leaders, whose expertise and vision are setting the course for what comes next. Don’t miss this opportunity to connect, learn, and be inspired by the pioneers who are charting the path forward for space exploration. Secure your ticket now before prices rise at the door. This is one conversation you won’t want to miss. WorkWorkWrath and sorrow rule in Israel on the anniversary of October 7th - The Economist AS ISRAEL faces the first anniversary of the October 7th atrocities by Hamas, two huge challenges loom. One is Israels internal divisions, which will be highlighted by two separate commemoration services that are due to be held. The other is how Israel prosecutes and eventually ends the multiple connected wars that it is now fighting, and not least how it retaliates to Irans recent ballistic-missile barrage. On October 5th General Michael Kurilla, head of Americas Central Command, arrived in Israel in an attempt to reach an agreement on that high-stakes question. WorkExclusive: Russia's Lavrov warns "dangerous consequences" for US in UkraineThe United States will face "dangerous consequences" if it presses on with growing military aid to Ukraine rather than backing a proposed Russian settlement that would see Moscow take over swathes of territory, the man serving as Russian President Vladimir Putin's top diplomat for 20 years said in exclusive responses to Newsweek questions. WorkIs the Israeli military ever leaving Gaza?The US presidential campaign is in its final weeks and were dedicated to helping you understand the stakes. In this election cycle, its more important than ever to provide context beyond the headlines. But in-depth reporting is costly, so to continue this vital work, we have an ambitious goal to add 5,000 new members. WorkWorkHow bad are US ports? The best is 53rd worldwide - WSJ The International Longshoremen’s Association (ILA) has reached a tentative agreement to return to work after winning a 62% pay raise over six years, but the labor dispute isn’t over. Round II will be fought over the union’s demand to protect its jobs forever by banning any automation at American ports. WorkWorkWorkMusk's Super PAC Offers $47 to Those Who Help It Find Trump VotersThere appears to be no limit on the number of registered voters that someone can refer, raising the possibility that the referral program could be gamed. But the super PAC says that it will check: “Eligible people may only list one eligible person as their referrer. Before payment is made, America PAC will verify the accuracy of all information of the referrer and referee.” WorkThe Mideast War Threatens Harris in Michigan as Arab Voters Reject HerThe discontent is palpable on the ground in Michigan, which has more than 300,000 residents with Middle Eastern or North African ancestry, though high-quality polling on Arab American and Muslim voters is scant. In nearly two dozen interviews this weekend with a range of these voters across levels of religious observance and familial countries of origin, just two said they were voting for her. WorkWorkThis week's auction block roundupThis sleek Art Deco poster was first printed in 1939 to advertise the 20th Century Limited, a passenger express train that ran from New York to Chicago. Designed by artist Leslie Ragan, this poster is considered one of the most iconic images of the Art Deco era and has been featured on American postage stamps. The piece is worth an estimated $12,000 to $18,000 and will be available at Swann Auction Galleries’ Rare and Important Travel Posters sale on October 10. WorkWorkMartin Shkreli can't escape his $64 million fine“Judge Cote’s decision to ban Shkreli for life from the pharmaceutical industry is a significant victory for American consumers,” said FTC Chair Lina Khan at the time. “This precedent-setting relief should be a warning to corporate executives everywhere that they may be held individually responsible for the anticompetitive conduct they direct or control.” WorkWorkWorkGoldman Sachs says the S&P 500 could hit 6,000 this year“We think the FOMC was late to start cutting, so a catch-up that brings the funds rate closer to the levels of around 4% implied by standard policy rules makes sense even in hindsight,” Goldman said. “However, the recent numbers do strengthen our conviction that the next few meetings (including November 6-7) will bring smaller 25bp cuts.” Work TradeBriefs Publications are read by over 100,000 Industry Executives About Us | Advertise | Privacy PolicyUnsubscribe (one-click) You are receiving this mail because of your subscription with TradeBriefs.
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