Archive | Market Briefing

Tik-Tock

Biden plans to ban TikTok if Congress passes bill, traders are on alert for hotter-than-expected inflation print, authors sue Nvidia over AI use of copyrighted works, Techstars’ $80M partnership with J.P. Morgan is on the rocks, and Sam Altman rejoins OpenAI board of directors...

Market Briefing

Mar 8, 2024

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14 min read

Rivian surprises

Biden’s defiant State of the Union, Powell tells Senate "not far" from confidence needed to cut rates, US layoffs reach the highest in a year, Congress plows forward with TikTok bill, and Rivian surprises with smaller, cheaper electric SUVs...

Market Briefing

Mar 7, 2024

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13 min read

Cash infusion

Powell testifies Fed on track to cut rates this year, Powell also floats redoing bank capital plan, Apple looks most oversold in years, OpenAI says Musk wanted ‘absolute control’ of company, and NYCB gets $1+Billion cash infusion...

Market Briefing

Mar 6, 2024

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14 min read

Muscle era

Biden vs. Trump all over again, tech giants drag down market after torrid rally, Biden to form price-gouging ‘strike force’, Bezos dethrones Musk as world’s richest, and Dodge kicks off the electric muscle era...

Market Briefing

Mar 5, 2024

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14 min read

Gold shines

Gold rises above $2,100 to highest level ever, Supreme Court rules Trump can appear on presidential ballots, EU hits Apple with $1.9B antitrust fine, China sets GDP target of 'around 5%’, and Bitcoin tops $68,000 as it nears eclipsing all-time high...

Market Briefing

Mar 4, 2024

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13 min read

Doubling down

Fed's Powell to double down on 'no rush to cut' message, Musk sues OpenAI and Sam Altman over contract breach, China to unveil GDP target, Super Micro joining S&P 500, and Reddit seeks a valuation of up to $6.5B in IPO...

Market Briefing

Mar 1, 2024

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12 min read

Unsinkable

Nasdaq and S&P 500 soar to end month at record highs, Senate approves bill to avert government shutdown - sends to Biden, the Fed’s favored inflation gauge meets expectations, jobless claims jumped, IRS targets wealthy ‘non-filers’ with new wave of compliance letters, and Microsoft introduces Copilot AI for Excel...

Market Briefing

Feb 29, 2024

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14 min read

New media giant

Wall Street braces for key inflation report, Disney and Mukesh Ambani create new India media giant, Tim Cook says Apple will ‘break new ground’ in GenAI this year, Google CEO tells employees Gemini AI blunder ‘completely unacceptable’, and Wendy’s says ‘dynamic’ pricing won’t tack surge pricing to your nuggets...

Market Briefing

Feb 28, 2024

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14 min read

Apple kills car

Apple cancels decadelong work on electric car, BlackRock ETF hits ‘insane’ volume as Bitcoin passes $57K, Wendy’s plans Uber-style ‘surge pricing’ to fluctuate based on demand, Macy’s to close 150 stores, and American’s spend largest share of income on food in 3 decades...

Market Briefing

Feb 27, 2024

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14 min read

Boeing's fall

Boeing hit by damning report, Jamie Dimon says AI is not just hype, FTC sues to block Kroger/Albertsons merger, Google steps up Microsoft criticism, and Bitcoin breaks $57,000 as big buyers circle...

Market Briefing

Feb 26, 2024

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13 min read

EV Supercar rivals Ferrari

BYD unveils EV Supercar to rival Ferrari, Lamborghini, read Buffett’s annual letter to shareholders here, TSMS founder predicts Japan ‘chip renaissance’, and Alibaba’s co-founder says: “We’re back”...

Market Briefing

Feb 23, 2024

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16 min read

Historic landing

Odysseus becomes first US spacecraft to land on moon in over 50 years, Reddit files to list IPO after two years on sidelines, SEC filing shows Sam Altman is Reddit's third-largest shareholder, Goldman pushes back bet on interest-rate cut to June, and Nvidia fires up AI mania...

Market Briefing

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