Plus, historic cannabis reform (potentially)...
September 01, 2023 | Read Online | | | | | *past 24-hour performance |
| | No IPO for the wicked: Fast-fashion juggernaut Shein, which was recently valued at $66 billion, is facing more scrutiny from U.S. officials who want the company to prove it doesn’t use forced labor before it files for a widely rumored IPO (NYT)
Shell abandons ESG: Six months after becoming CEO at Shell (SHEL), Wael Sawan quietly ended the world’s biggest corporate plan to develop carbon offsets to focus on oil & gas (Bloomberg)
Facing a shutdown (again): The White House has asked Congress to pass a short-term measure to fund the federal government and avoid a shutdown at the end of September (Reuters)
Potential historic reform in cannabis: The Department of Health and Human Services sent a recommendation yesterday to the DEA that cannabis should be rescheduled to Schedule 3 from a Schedule 1 illegal drug (Marijuana Moment)
American’s can’t shake their spending habits: The personal saving rate fell to 3.5% in July, down from 4.3% and 4.7% in May-July, yet spending still roared ahead, rising 0.8%. Pretty much, American’s are saving less to continue spending robustly, even as income growth slows (Axios)
Consumers weren't flocking to Dollar General: Dollar General (DG) slashed its sales and profit outlook for the year, blaming headwinds including weaker consumer spending on non-essential purchases and increasing theft; shares tumbled ~14% (CNN)
Couch crunch: Several major furniture brands are experiencing a sales crunch including Pottery Barn, West Elm, and Wayfair (W), as the drop-off in home sales has meant fewer new homeowners shopping for furniture (Axios)
JCPenney wants to upgrade: The company said Thursday it plans to spend more than $1 billion by the end of 2025 in a bid to revive the storied but troubled 121-year-old department store chain (AP)
Watch out Apple: Chinese consumer electronics firm Honor, a spinoff from Huawei, launched its flagship foldable smartphone overseas — venturing into a high-end market dominated by Samsung and Apple (CNBC) | | | | | If You're Concerned About How Massive U.S. Debt Could Affect Your Retirement... | You need to see this guide on how to diversify and protect your retirement savings. In it, you’ll learn how to protect yourself from surging National Debt... a weakening U.S. Dollar... stock market downturns... and much more. | Get your guide here. | SPONSOR |
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| | Homebuilder Stocks Poised for Market-Beating Returns: This year’s rally in homebuilding stocks has outstripped even the AI-fueled tech boom, and if analysts are to be believed, that outperformance is set to continue. Read more » | Inflation vs. Deflation—what’s at stake: The Fed has hiked rates a lot, though it hasn’t caused a recession yet. That may happen still—monetary policy works with a long lag. We are seeing some signs that things are slowing down. As of recently, there are some cracks in the housing market. And the banking industry is not too healthy. Read more » | A closer look at risk & reward in bonds right now: A few months ago, T-bills looked like a no-brainer investment with yields of around 5%. But take a look at how the yield curve has changed since. Read more » |
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| | How China became the king of new nuclear power, and how the U.S. is trying to stage a comeback (CNBC) The G20 pledged to end fossil fuel subsidies in 2021—and then quadrupled them in 2022 (Ground News) Trump Georgia trial will be streamed live, judge rules (CNBC) STVR/Airbnb has destroyed America's resort towns (Of Two Minds) In some countries, politicians are actually getting younger (Semafor) The Stuff of Cities (Bloomberg) Crypto just scored a major victory against the SEC (CoinSnacks) The real story of Musk’s Twitter takeover (Walter Isaacson) | | | | Thunderclap Research @tcr_invest | |
| More retail investors on @public listed "dividend investing" as a strategy they are interested in the 2nd half of 2023 than any other. Dividend investing beat out AI by 14%. | | | | Aug 31, 2023 | | | | | | 0 Likes 0 Retweets 1 Replies |
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