wiar 02-02-23

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February 02 (Thursday)

Latest Morning Briefing Executive Summary: All About Tech & Productivity
Robotics and artificial intelligence are transforming myriad companies in multiple industries—allowing producers and service providers alike to work more efficiently, become more agile, and make up for productivity lost through repeated hiring and training in this tight job market. Rising adoption of robotics and AI solutions over time should drive gains in corporate productivity and mitigate businesses’ labor challenges. After all, robots never sleep! Jackie reports on some of the innovative ways that companies in various industries are putting tireless robots to work.
(subscribers’ link)

Daily Markets Overview
Replay of Dr. Ed’s webinar on January 30.

S&P 500 Rallies as Investors Digest Fed Rate Hike | W
Powell Holds Fire on Markets Breaking Loose From Fed Control | B

Central banks
Fed delivers small rate increase; Powell suggests ‘couple’ more hikes coming | R
Fed’s Powell: If economy meets expectations, unlikely to see rate cuts this year | R
Fed Traders See Half Point Cut Pivot Over Second Half of Year | B
BOJ’s Policy Path Hinges on Japan’s Complex Wage Dynamics | B

Nikki Haley, once Trump’s UN ambassador, to take him on in 2024 | R
U.S. Job Openings Jumped at End of Last Year | W

FedEx Is Laying Off More Than 10% of Its Management Ranks | W
Rivian to Lay Off 6% of Workforce in EV Maker’s Second Round of Job Cuts | W

Eurozone Inflation Eases for Third Month as ECB Rate Rises Bite | W

Geopolitics & trade
Dutch, Japanese curbs on chip equipment to China may not be tough enough -industry group | R
Leaders of Self-Driving-Truck Company Face Espionage Concerns Over China Ties | W
Ukraine Russia war: 65,000 war crimes committed, prosecutor general says | C
U.S. Expected to Send Ukraine Longer-Range Smart Bombs in Next Aid Package | W
Industries & companies
Communications Services: Meta ‘Year of Efficiency’ call from Zuckerberg was what Street needed | C

Corporate finance
Bed Bath & Beyond Misses Interest Payments as It Weighs Chapter 11 | W