- Market Briefing
- Archive
- Page 30
Market News
XI in SF
S&P, Nasdaq score longest win streak in 2 years, Xi to meet US business execs for dinner in San Francisco, Elon Musks’s Neurolink now has FDA clearance to start surgery, Biden approval falls to lowest level since April, and Hyundai to build US plant to make first flying electric taxi’s…
Turbo-charged
Israel says it has isolated Gaza City, OpenAI announces GPT-4 Turbo at first in-person event, WeWork files for bankruptcy, SpaceX eyes $15 billion in 2024 sales on Starlink strength, and voters aren’t believing in Bidenomics…an, the price of money is going up, Berkshire Hathaway’s cash pile swells to a record $157 billion, and Kai-Fu Lee's AI startup hits Unicorn status in eight months…
Fed is done
Powell hints Fed is done with hikes - a pivot cheered by markets, IRS announces 2024 retirement account contribution limits, world’s safest market becomes a magnet for big investors, BofA indicator shows S&P 500 gaining 16% over next year, and real estate industry takes a fresh hit with verdict…
Tesla tumbles
Powell to hold policy news conference today at 2:30p ET (watch live), it’s a ‘no’ from Biden for House GOP Israel aid package, Treasury announces new Series I bond rate of 5.27% for next 6/mo., Tesla erases $145 billion in valuation, and WeWork set to file for bankruptcy next week…
Fiscal Frankenstein
House Republicans bill to fund Israel by cutting IRS budget, Treasury to borrow $776B in final three months of the year, White House unveils wice-ranging action to mitigate AI risks, middle-class rattled by inflation fight, GM and UAW reach agreement ending strike...
They got screwed
Israel launches Gaza war's second phase with ground operation, the big bond market event Wednesday is at Treasury, which is also the day we get the next Fed rate hike decision, BofA says boomers won the housing market and millennials got screwed, and ‘X’ launches two subscription tiers to boost replies…
Too addicting
World leaders seek pause to fighting to allow aid into Gaza, Meta gets sued by 42 attorneys general for addictive features aimed at kids, Apple announces ‘Scary Fast’ product event night before Halloween, Republican Mike Johnson’s up next to seek speaker’s gavel, and Jamie Dimon rips central banks for being dead wrong on forecasts…