First things first: several weeks ago, while visiting my bicycle dealer, I noticed not many bikes for sale; Mike said he couldn't get inventory; bike shortage; I did not know what to make of that; it turns out there is a bike shortage caused by pandemic; shortage will probably last through 2021: see Daily Herald Business Ledger (suburban Chicago, posted August 10, 2020).
Vaccine: this won't make Trump happy. Russia beats the US to a coronavirus vaccine.
Connecticut: apparently post-Isaias electric grid response not so great; lawmakers call for Eversource CEO to resign;
Apple::
- Apple ranked 20th in Fortune Global 500 for revenue, third for profit;
- profits: #1, Berkshire Hathaway; #2, Saudi Aramco
- Norway's deep cuts to oil loadings to curb Atlantic Basin crude;
- Krugman and gold: worthless article, but fun to read;
- China auto sales surge in July, log fourth straight month of gains
- Coal: global update;
- Trucking: Class 8 orders look promising, but a bit early to tell for sure;
- SPR: oil companies start to take back crude
Other:
- Seattle's top cop resigns after 28 years; Seattle votes to defund police;
Market:
- Hyundai shares soar 15% in Seoul: announces dedicated EV brand -- Ioniq
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