Monday, July 24, 2023

July 24, 2023 - Two drones downed over Moscow, says Russian defence ministry

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TradeBriefs Editorial

From the Editor's Desk

Marketing Myopia

At some point in its development, every industry can be considered a growth industry, based on the apparent superiority of its product. But in case after case, industries have fallen under the shadow of mismanagement. What usually gets emphasized is selling, not marketing. This is a mistake, since selling focuses on the needs of the seller, while marketing concentrates on the needs of the buyer.

The railroads serve as an example of an industry whose failure to grow is due to a limited market view. Those behind the railroads are in trouble not because the need for passenger transportation has declined or even because that need has been filled by cars, airplanes, and other modes of transport. Rather, the industry is failing because those behind it assumed they were in the railroad business rather than the transportation business. They were railroad oriented instead of transportation oriented, product oriented instead of customer oriented.

Continued here


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Two drones downed over Moscow, says Russian defence ministry
Two drones downed over Moscow, says Russian defence ministry
President Volodymyr Zelenskiy vowed retaliation: “They will definitely feel this,” he said. “We cannot allow people around the world to get used to terrorist attacks,” Zelensky added in his evening speech late on Sunday.

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Sam Altman’s Worldcoin Token to Launch Monday, Semafor Reports    
Sam Altman’s Worldcoin Token to Launch Monday, Semafor Reports
A spokeswoman at Tools for Humanity, the company behind Worldcoin, declined to comment to Semafor. Worldcoin’s Twitter account posted a message on Sunday saying “It’s time. 24.7.23.” The post did not have further details.






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Musk Says Twitter To Change Logo To "X" From The Bird. Changes Could Come As Early As Monday.    
Musk Says Twitter To Change Logo To
Threads is being billed as a text-based version of Meta’s photo-sharing app Instagram that the company has said offers “a new, separate space for real-time updates and public conversations.”


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Chevron Beats Earnings Forecasts While Extending CEO’s Tenure    
Chevron Beats Earnings Forecasts While Extending CEO’s Tenure
Chevron said in the second quarter it produced the equivalent of 772,000 barrels of oil per day in the Permian Basin of West Texas and New Mexico, registering a new quarterly record for the company in the world’s busiest shale patch.




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Stocks Fall Before Fed Meeting as Earnings Roll In: Markets Wrap    
Stocks Fall Before Fed Meeting as Earnings Roll In: Markets Wrap
In commodities, oil edged down after notching its fourth weekly gain amid tentative signs that global markets are tightening. Gold opened the week little changed after slipping against a stronger dollar on Friday.


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MSNBC Hosts Totally Go To Town On Sen. Ted Cruz's 'Barbie' Freak-Out    
MSNBC Hosts Totally Go To Town On Sen. Ted Cruz's 'Barbie' Freak-Out
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Two buildings were damaged in Moscow and there were no injuries.    
Two buildings were damaged in Moscow and there were no injuries.
“In the last three years, we went from a soft autocracy to neo-totalitarianism,” said Igor Ilyash, a journalist who opposes Mr. Lukashenko’s rule. “They are criminalizing the past.”


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Jury Awards $800,000 to a Girl Burned by a Chicken McNugget    
Jury Awards $800,000 to a Girl Burned by a Chicken McNugget
Chang Che is the Asia technology correspondent for The Times. He previously worked for The China Project and as a freelance writer covering Chinese technology and society. More about Chang Che




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Elon Musk: Twitter unveils X logo to replace Larry the bird    
Elon Musk: Twitter unveils X logo to replace Larry the bird
This article contains content provided by Twitter. We ask for your permission before anything is loaded, as they may be using cookies and other technologies. You may want to read Twitter’s cookie policy, external and privacy policy, external before accepting. To view this content choose ‘accept and continue’.


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Ex-DOJ Official Delivers Ominous Prediction For Trump    
Ex-DOJ Official Delivers Ominous Prediction For Trump
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Sources: NBA's governors approve Hornets sale    
Sources: NBA's governors approve Hornets sale
Schnall, the co-president of the private equity firm of Clayton, Dubilier & Rice in New York, was part of a group (including majority owner Tony Ressler and Grant Hill) that purchased the Atlanta Hawks in 2015 for $850 million.


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A 10-year rally in U.S. home prices could be coming to an end, says Yale's Robert Shiller    
A 10-year rally in U.S. home prices could be coming to an end, says Yale's Robert Shiller
\"We\'ve seen a dramatic increase in interest rates since a couple of years ago. And I think there\'s a sense that that\'s enough,\" the professor said, adding that a soft landing is a possibility, though it\'s unlikely to be a \"perfect\" one.




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Liberty set WNBA mark with 44-point 1st quarter    
Liberty set WNBA mark with 44-point 1st quarter
The Fever saw the return of Lexie Hull, who missed the previous two games after breaking her nose. She sported a clear mask that she said before the game she\'ll have to wear for the rest of the season. Hull finished with seven points before fouling out in the fourth quarter.


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AMC files revised stock conversion settlement plan in court    
AMC files revised stock conversion settlement plan in court
If AMC was unable to raise equity capital, there would be an increased risk of the company running out of cash in 2024 or 2025 or being unable to satisfactorily refinance and stretch out the maturity of some of its debt, Aron\'s letter added.




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Chinese e-commerce giant Alibaba says it will not sell shares in Ant's buyback program    
Chinese e-commerce giant Alibaba says it will not sell shares in Ant's buyback program
Alibaba earlier this year split its businesses into six business groups to try to increase shareholder value. It plans to spin off those businesses into companies that could eventually go public and raise funding.


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Vodafone reports better revenue growth, names new CFO    
Vodafone reports better revenue growth, names new CFO
Growth in service revenue in Britain, where Vodafone announced the merger of its operation with Hutchison\'s rival network Three last month, accelerated to 5.7%, boosted by strong growth in consumer and annual price increases.


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Pulisic gets assist in Milan loss to Real Madrid    
Pulisic gets assist in Milan loss to Real Madrid
During that time, Pulisic starred at the international level, twice guiding the USMNT to win the Concacaf Nations League, as well as helping lead the side to the round of 16 at the 2022 World Cup.


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No Opposition. No Choice. Cambodia’s Election Paves Way for Dynastic Rule.    
No Opposition. No Choice. Cambodia’s Election Paves Way for Dynastic Rule.
Seth Mydans reported as a foreign and national correspondent for The New York Times and its sister publication, The International Herald Tribune, from 1983 to 2012. He continues to contribute to The Times. More about Seth Mydans


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Protecting Patriots' Mac Jones: An early look at rookie C/G Jake Andrews    
Protecting Patriots' Mac Jones: An early look at rookie C/G Jake Andrews
10. Did you know? Over the past 10 seasons, there have been just two Super Bowl winners to have a leading rusher with more than 1,000 rush yards. The last was LeGarrette Blount for the Patriots in 2016.


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The Tech Rally's Next Test Is Earnings    
The Tech Rally's Next Test Is Earnings
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.


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Bitcoin reclaims US$30,000, Ether gains, Cardano leads winners as top 10 crypto rise    
Bitcoin reclaims US$30,000, Ether gains, Cardano leads winners as top 10 crypto rise
With a rate hike priced into many markets, the focus on the Fed meeting will be forward guidance on monetary policies. Both Federal Reserve Chair Jerome Powell and ECB President Christine Lagarde have flagged stubborn inflation as a concern, according to Bloomberg on Saturday.


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Posco Jumps Most Ever on Bumper Profits and EV Battery Bets    
Posco Jumps Most Ever on Bumper Profits and EV Battery Bets
Ford said in February that it and CATL plan to build a battery plant in Michigan, and Republican chairs of the House Ways and Means Committee and the Select Committee on China are demanding that Ford answer questions about the deal, Reuters reported.


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Transfer Talk: Man Utd to make move for Højlund as PSG circle    
Transfer Talk: Man Utd to make move for Højlund as PSG circle
- Al Ahli have cooled their interest in Bayern Munich winger Sadio Mane, according to Rudy Galetti. After reaching an agreement for Newcastle United star Allan Saint-Maximin, the Saudi outfit have withdrawn their interest in Mane, whom Bayern are open to part ways with this summer following a disappointing season in Germany. Al Nassr are still reported to hold an interest in the 31-year-old Senegal international, with negotiations progressing, despite Mane\'s lofty demands.


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Sunday Conversation: Greta Van Fleet On Their New Album, 'Starcatcher'    
Sunday Conversation: Greta Van Fleet On Their New Album, 'Starcatcher'
Sam: It was the least preconceived record that we\'ve ever done. We would walk in and iyou were just writing and recording as you went along on the spot. And then the process it was moving rather quickly. And so I think that was the idea with this, that we wanted to go in and capture something that was just kind of falling out of the sky. You just kind of turn on the subconscious and let something come.


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Chevron's $6 billion second-quarter profit tops analysts' outlook    
Chevron's $6 billion second-quarter profit tops analysts' outlook
Chevron\'s oil and gas production in the Permian Basin, the top U.S. shale field, hit 772,000 barrels a day. The volume was \"the highest quarter we\'ve ever had in the Permian and 10% over the same quarter last year,\" Wirth said.


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Alibaba to Stay on Sidelines of Ant’s $6 Billion Stock Buyback    
Alibaba to Stay on Sidelines of Ant’s $6 Billion Stock Buyback
“Given that Ant Group continues to be an important strategic partner to Alibaba Group’s various businesses, Alibaba Group has decided that it will not sell any shares to Ant Group under the proposed share repurchase, so as to maintain its shareholding in Ant Group,” the company said in its brief filing.


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Teamsters Push Back Strike Threat at Trucker Yellow    
Teamsters Push Back Strike Threat at Trucker Yellow
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Philips lifts outlook after profit beat, voices concern over China    
Philips lifts outlook after profit beat, voices concern over China
Philips has been grappling with the fallout from the global recall of millions of respirators used to treat sleep apnoea since it was announced in June 2021, setting aside 575 million euros for lawsuits launched by patients who claim to have suffered economic losses from using the devices.


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The 3,300 employees of an oil trading firm each made almost $800,000 last year – way more than Wall Street bank staff    
The 3,300 employees of an oil trading firm each made almost $800,000 last year – way more than Wall Street bank staff
Vitol is the world\'s largest independent oil trader, with its key executives based in London, according to the Financial Times. However, it also benefitted from big profits in other areas such as electricity markets, and liquefied natural gas trading, per the newspaper.


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'The Barbenheimer effect': Barbie and Oppenheimer smash Australian box office records    
'The Barbenheimer effect': Barbie and Oppenheimer smash Australian box office records
In the UK, Barbie became the biggest box office draw for cinema chain Vue since the pandemic. Rival chain Odeon reported on Thursday it had sold more than 200,000 advance tickets. The movie opened to £17.5m ($33.4m) - taking its total global earnings to US$337m since opening, while Oppenheimer grossed US$174.2m.


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Former Liberal MP denounces radio station after being named as complainant behind harassment allegations    
Former Liberal MP denounces radio station after being named as complainant behind harassment allegations
"Public commentary on this investigation could deny procedural fairness to those involved in this process. The party will not be making any further comment while the independent investigation is taking place."


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Monday briefing: Spain's nail-biting election ends in hung parliament - what happens now?    
Monday briefing: Spain's nail-biting election ends in hung parliament - what happens now?
The project has given many people a fresh start; Tim Greenslade (pictured above) has a fishmonger, while Hope Dean opened a house plant emporium after she lost her job in event management during Covid. "I always wanted to work in plants and this was my chance," she said. LGIM did not just give these business owners a building, they also offered mentoring sessions, legal advice and generous financial offers. And now the two-year rent-free period is over, it has not unsustainably raised prices. The results are telling: there was a 16% increase in footfall on the street compared with pre-Covid levels; average turnover per unit this spring increased by 36%; and the thriving high street has generated an additional £2.2m for the local shopping centre.


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Greece: wildfires break out on Corfu and Evia as 19,000 flee Rhodes blazes    
Greece: wildfires break out on Corfu and Evia as 19,000 flee Rhodes blazes
A relative respite from the heat on Monday, with highs of 38C (100F) forecast, will be followed by yet more high temperatures starting on Tuesday. However, it should get significantly cooler on Thursday, with temperatures in the low- to mid-30s, the country’s Meteorological Service said on Sunday evening.


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'Not acceptable': Texas lawmaker speaks on reports of inhumane border tactics    
'Not acceptable': Texas lawmaker speaks on reports of inhumane border tactics
"I don't want one person to step one foot in that river illegally. What if there's a route where they didn't have to be smuggled in the train? What if the Hire Act got passed and people can come over and work legally, not having to live in the shadows?… Most people are coming here for one reason and that is [for] economic purposes," he said.


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German centre-right leader says he is willing to work with far-right AfD at local level    
German centre-right leader says he is willing to work with far-right AfD at local level
Merz’s interview on Sunday comes on the back of a series of comments that seemed to relax the CDU’s strict condemnation of the AfD, which was founded on an anti-euro ticket in 2013 but has progressively tacked harder right since. After the AfD’s district council triumph last month, Merz designated the governing Green party and not the far right as the CDU’s “main enemy”, and on Friday he described his own party as the “Alternative für Deutschland of substance”.


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Netanyahu out of hospital as thousands protest in Israel over vote on judicial overhaul    
Netanyahu out of hospital as thousands protest in Israel over vote on judicial overhaul
“These are dangerous cracks,” military chief Lt Gen Herzi Halevi wrote in a letter to soldiers on Sunday meant to address the tensions. “If we will not be a strong and cohesive military, if the best do not serve in the IDF [Israel Defense Forces], we will no longer be able to exist as a country in the region.”


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Islamic preacher Anjem Choudary charged with terror offences    
Islamic preacher Anjem Choudary charged with terror offences
The 56-year-old, from east London, was charged on Sunday with three offences including membership of a proscribed organisation, contrary to section 11 of the Terrorism Act 2000, addressing meetings to encourage support for a proscribed organisation, contrary to sections 12(3) of the Terrorism Act 2000, and directing a terrorist organisation, contrary to section 56 of the Terrorism Act 2000.




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