Archive | Market Briefing

Sam returns

Sam Altman returns as OpenAI CEO in dramatic reversal, Binance CEO agrees to plead guilty and pay $50M fine, Fed gave no indication of possible rate cuts in last meeting, FDIC forms special committee to review allegations, and Nvidia’s revenue triples as chip boom continues...

Market Briefing

Nov 21, 2023

•

12 min read

Microsoft wins

Wall Street cheers Microsoft’s ‘coup’ as stock hits all-time high, Nearly all of OpenAI staff threaten to follow Altman to Microsoft, Benioff woos disaffected OpenAI staff to Salesforce, Citigroup employees brace for layoffs in management overhaul, and Senate committee subpoenas Live Nation and Ticketmaster in months-long probe...

Market Briefing

Nov 20, 2023

•

14 min read

OpenAI's CEO Saga

Sam Altman shock: fired Friday as OpenAI’s CEO, Mira Murati then Emmett Shear each named interim CEO over the weekend (developing), Blackstone is frontrunner in Signature Bank property-loan sale, S&P 500 flirts with quickest comeback in 10 years, and President-elect Milei vows to open a new era for Argentina...

Market Briefing

Nov 17, 2023

•

13 min read

Shop a new car... on Amazon

Biden calls Xi a dictator after carefully planned summit, bulls are in control of the market now, Hyundai to be first automaker to sell new cars on Amazon, Apple to adopt RCS texting standard in truce with Android, and Starbucks employees go on strike during key promotional ‘Red Cup Day’ event...

Market Briefing

Nov 16, 2023

•

13 min read

Starlink IPO?

Xi to Biden, Earth is “big enough” for US and China to succeed, US producer prices fall unexpectedly, SpaceX weighs spinning Starlink via IPO, Citigroup begins layoffs as part of corporate overhaul, and Berkshire sheds blue-chip stocks for cash...

Market Briefing

Nov 15, 2023

•

14 min read

Inflation surprise

Market rallies after flat CPI report (one-chart breakdown here), House passes spending plan easing risk of shutdown, don’t expect much from Biden-Xi meeting, “what the hell is going on with the FDIC?”, and Ken Griffin sees Miami replacing NYC as finance capital...

Market Briefing

Nov 14, 2023

•

13 min read

CPI @ 8:30am ET

Strategists see far deeper Fed rate cuts than the markets, Yellen disagrees with Moody’s negative outlook, Supreme Court adopts first code of conduct following controversies, House Speakers plan to avert gov shutdown faces critical last few hours, and Dubai faces down airline rivals with $50 billion jet orders...

Market Briefing

Nov 13, 2023

•

14 min read

Moody's blues

Moody’s turns negative on US credit rating, military talks will be a priority at Biden-Xi summit, Johnson delivers stopgap plan to lower risk of US shutdown, Main Street prepares for new state minimum wage hikes in 2024, and Chamath says the job of VC won’t exist in a world of AI-powered two-person startups...

Market Briefing

Nov 10, 2023

•

13 min read

Big bank breach

Powell: Fed is ‘not confident’ it’s done enough to curb inflation, world’s largest bank hit by ransomware gang, Humane’s wearable AI pin drops 11/16, Softbank posts $6.2 billion loss after WeWork bankruptcy, and ex-Goldman Partner stars in cabaret about life after Wall Street...

Market Briefing

Nov 9, 2023

•

13 min read

Endless inflation

Griffin says high inflation to last years, Eli Lilly wins FDA approval for rival obesity drug, Amazon to offer Prime members $99 annual access to primary-care service, ChatGPT experiences major outage, and 16 members of Gambino mafia arrested in major raid in NY/Sicily...

Market Briefing

Nov 8, 2023

•

11 min read

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...

Market Briefing

Nov 7, 2023

•

14 min read

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...

Market Briefing

1...54 55 56 57 58...65