✨ Value Investing Substack NEWS - Exclusive Interviews: Kyla Scanlon + Jalil Rasheed
Berkshire Hathaway's 2Q Explained, Is US In Recession? Greenlight's Twitter Stake, Apple's iAd 2.0, Coinbase + Blackrock, Iran Bans Women in Ads, Draghi Walks into Trap, Happy Birthday Singapore!
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SUBSTACKS + LONG-READS + TWEETS
Kyla Scanlon explains the economy, inflation, and the stock market so you can actually understand it
LINKS
Stock Markets:
Tech:
Apple is building a demand-side platform (Advertising)
Twitter says Musk’s spam analysis used tool that called his own account a bot
After the CHIPS Act: U.S. still has a long road ahead to rival Asia in semiconductor manufacturing
Amazon to acquire maker of Roomba vacuums for roughly $1.7 billion
Elon Musk Sells Nearly $7 Billion Worth of Tesla Stock Amid Twitter Uncertainty | WSJ
Musk sells nearly US$7 billion in Tesla shares amid Twitter legal battle
Alibaba and Tencent Face End of an Era as Sales Start to Shrink | Bloomberg (China)
SoftBank Emerges as a Big Loser of the Tech Downturn. Again. | WSJ (Japan)
SoftBank raises $22bn in moves to sell down Alibaba stake | FT (Japan)
Warner Bros. Movies No Longer Moving to HBO Max After 45 Days in Theaters (Media)
Malaysia:
Increase in weekend traffic bodes well for 7-Eleven (Retail)
Hibiscus, Sabah govt issue will take time to resolve, says HLIB (Energy)
Passenger peeved after AirAsia resells cancelled flight at higher price (Aviation)
All planes to be flight-ready by March 2023, says Tony Fernandes (Aviation)
Court allows HSBC to intervene in Serba Dinamik's debt restructuring scheme (Malaysia)
Others:
Berkshire Hathaway posts $43.8 billion loss as stock holdings tumble
Bain barred from UK state contracts over ‘grave misconduct’ in South Africa | FT
Macro
ASEAN:
New public assembly ban imposed in Thailand to contain COVID-19 (Thailand)
Laos economic crisis intensifies amid massive Chinese debt (Laos)
Dewan Negara passes Housewife Social Safety Bill 2022 (Malaysia)
US House Speaker Nancy Pelosi and congressional delegation arrive in Malaysia (Malaysia)
Timor-Leste Denied Entry to ASEAN – For Now (Timor-Leste)
A huge chunk of Indonesian projects is actually so stupid it's concerning [Indonesia - Reddit]
America:
Ex-Fed insider: A full-blown recession is 'almost certainly' coming
Pharma group leader says Dems who vote for reconciliation bill 'won't get a free pass'
Asia:
Eurozone:
Draghi walked into a trap: leader’s ultimatum shatters Italy’s stability
British household energy bills to be at ‘devastating’ levels until ‘at least 2024 | FT (Energy - British)
ECB’s crisis-fighting scheme risks being tied up in legal and political knots
Turkish Banks Are Adopting Russian Payments System, Erdogan Says | Bloomberg
Germany must abandon its debt brake to make up for the lost Merkel years
News & Other:
BCG comp increase announced [Reddit]
Iran bans women from appearing in ads after fury over 'sexy' Magnum commercial
Rainwater everywhere on Earth unsafe to drink due to ‘forever chemicals’, study finds
ELI5 why is gas 3.25 in the Midwest but 5.40 in the West and 4.30 in the East? [Reddit]
Michael E. Langley named Marine Corps' first Black four-star general in its 246-year history