#Job Market Strength
Job markets are defying central bankers’ efforts to bring down inflation. Bloomberg
#Earnings Shortfall
Strategists say earnings shortfalls suggest Fed rate hikes are working. Bloomberg
Strong dollar has so far wiped $10B off US Q3 earnings. Financial Times
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#Tesla Glencore Talks
Tesla (NASDAQ: TSLA) held preliminary talks with Glencore (LON: GLEN) about acquiring a 10-20% stake. Preliminary discussions began last year and continued in March, but no agreement as Tesla is concerned that Glencore's extensive coal mining operation conflicts with Tesla's environmental goals. Financial Times
#China's Zero Covid Policy Risk to Apple
Covid outbreak driving workers from the Foxconn plant, which is the world's largest Apple (NASDAQ: AAPL) iPhone factory. Financial Times
#When to slow rate hikes?
Key issue as Fed meets this week: When to slow rate hikes?
The Federal Reserve may reach a turning point this week as it announces what’s expected to be another substantial three-quarter-point hike in its key interest rate.