Berkshire Buys Taylor Morrison For $6.8 Billion In First Big Deal Under Greg Abel

TikTok Settles Lawsuit Accusing Social Media Giants Of Harming Florida Boy TikTok has reached a settlement with a Florida teenager who blamed the platform and other social media companies for fueling his addiction, leading to depression, anxiety, and sleep loss, just ahead of a trial to determine the industry’s part in the youth mental health crisis. The settlement, made public Tuesday, lays to rest claims against ByteDance’s TikTok related to the lawsuit filed by the boy. Details of the settlement were not disclosed. Trials against Meta’s Instagram and Snap’s Snapchat remain scheduled for...

US Industrial Production Disappoints (Again) In June US Industrial Production rose just 0.1% MoM in June (less than the 0.2% MoM rise expected), after also disappointing in May. That slowed the annual growth in production from 1.6% YoY to +1.1% YoY... The recent blip higher in Capacity Utilization faded last month (76.1% vs 76.2% exp) with the down-trend seemingly still in tact... If 'soft' survey data is in any way predictive of reality, then we should be seeing a sizable trend higher in industrial production... ...or maybe it's just another useless sentiment signal. ...

North Korea test-launched several ballistic missiles. According to Japan, one of the munitions appeared to be a hypersonic missile.  Jang Do-young, spokesperson for South Korea’s Joint Chiefs of Staff, said North Korea fired several missiles from near Pyongyang into its eastern waters. Seoul reported one of the missiles traveled more than 900 km. Japanese officials […]