May 17, 2024
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13 min read
The Dow climbs to a record 40,000 points, Dimon and Dalio sound the alarm on soaring US debt, Reddit inks deal with OpenAI, Biden signs sweeping aviation safety reform bill into law, and GameStop and AMC extend slump...
May 16, 2024
S&P tops 5,300 in record-breaking stock rally, consumer inflation resumes downward trend fueling rate-cut bets, Biden and Trump agree to debate, Xi welcomes Putin, and GameStop, AMC tumble as meme stock rally fizzles...
May 15, 2024
Biden hikes tariffs on an array of Chinese imports, China vows to take ‘all necessary actions’ in response, the meme stock revival continues, Boeing breached prosecution deal DOJ finds, and Alphabet unveils beefed-up AI search and chatbot...
May 14, 2024
12 min read
'Roaring Kitty’ resurfaces reviving meme mania, GME short sellers already lost $1 billion from Monday’s monster rally, OpenAI debuts GPT-4o ‘omni’ model, airlines sue Biden admin over fee disclosure rule, and brace for big inflation data ahead...
May 13, 2024
Market faces most crucial inflation reading of 2024, Crypto is Trump’s new weapon, Apple store workers vote to authorize strike, Americans are racking up ‘phantom debt’, and OpenAI to announce Google search competitor today...
May 10, 2024
Biden set to impose tariffs on China EVs, Robinhood makes headway beyond trading, Apple to power AI tools with in-house chips, relief from high mortgage rates not coming soon, and Musk may testify again in SEC's Twitter probe...
May 9, 2024
14 min read
S&P ‘bumps into a wall’, China is falling behind in race to become AI superpower, AstraZeneca withdraws COVID-19 vaccine from global market, Musk’s xAI nears funding at $18 Billion value, and Trumps war on short sellers pays dividends...
May 8, 2024
Apple revamps iPads with AI Pro model, Reddit soars after strong first report since IPO, TikTok, ByteDance sue to block divest-or-ban law, Tesla pulls the plug on supercharger, and NFL to allow teams to sell 30% of franchise to private equity...
May 7, 2024
15 min read
S&P on track for biggest run this year, Treasuries mint cash like never before, FAA opens probe into Boeing Dreamliner, Nio’s on track this month to unveil its first mass-market car, and Tesla lays off more staff...
May 6, 2024
China buying gold like there’s no tomorrow, Buffett talks succession plan at annual meeting - full recap here, says AI scamming will be the next big ‘growth industry’, UAW workers ratify labor deal with Daimler Truck, and Sony and Apollo in Talks to Acquire Paramount officially in talks to acquire Paramount...
May 3, 2024
Apple announces largest buyback in US history, Sony, Apollo make $26 Billion cash offer for Paramount, Wall Street confused and divided over rate cuts this year, US v. Google antitrust trial concludes, and Peloton CEO steps down along with 15% of staff...
May 2, 2024
Fed leaves rates unchanged, Apple set for big sales decline, tech execs internal communications released, Yen gives up ground vs dollar, and another Boeing whistleblower is dead...
