What we’re reading (9/15)
“Trump Says Companies Shouldn’t Have To Report Earnings Every Quarter” (Business Insider). “In a Truth Social post on Monday, Trump said that US companies should be able to report their earnings every six months, not every three months as currently required by the SEC. ‘This will save money, and allow managers to focus on properly running their companies,’ Trump said in his post.”
“Believe In A.I.? Buy Beaten-Down Value Stocks.” (New York Times). “Mr. Davis [of Vanguard] says value stocks are a good idea, whatever happens. Under the more upbeat of his two alternatives, A.I. turns out to be everything its promoters claim, and its benefits filter throughout the economy. Productivity soars. The advent of practical, widely available electricity at the turn of the 20th century may be an analogy, Mr. Davis says. Electricity made manufacturing immensely safer as factories ‘transitioned away from the steam-powered drives and pulleys that were often the cause of workplace fatalities,’ Mr. Davis wrote. And it spawned new industries, like mass-produced automobiles.”
“Former Fed Bullard, After Meeting Treasury Chief, Flags Conditions To Be Fed Chair” (Reuters). “James Bullard, the former president of the Federal Reserve Bank of St. Louis, said Monday he’d spoken last week with Treasury Secretary Scott Bessent about becoming central bank chair, and that he’s very interested in the job under the right set of conditions.”
“iOS 26: Liquid Glass Is Here And Your iPhone Will Never Be The Same” (Wall Street Journal). “When I started living with the new aesthetic this summer, my reaction was somewhere between ‘This is bad’ and ‘This is really bad.’ But that was the beta software. Over time, Apple softened some of the worst of it. Also? I resigned myself to living in a glass house. You’ll see it immediately: Menus are see-through, giving everything a layered look. Sometimes it’s a neat effect. Other times, especially with light backgrounds, it can be a mess. Text vanishes into whatever’s behind it.”
“Tesla Just Erased All Of Its Steep 2025 Losses After Elon Musk Buys $1 Billion Of Its Shares” (CNN Business). “Elon Musk just spent $1 billion of his own money to buy additional shares Tesla, giving the previously battered stock the vote of confidence needed to complete a comeback and turn positive for the year. The purchase, made Friday and disclosed in a filing Monday, represents a rare action – by Musk or any other CEO. Few business leaders use their own money to buy their company’s stock without exercising of options, which allows them to purchase shares at a fraction of their market price. The news lifted shares of Tesla (TSLA) 7% at the market open Monday. While it didn’t sustain those early gains, it did finish the day up nearly 4%.”
