Archive | Market Briefing

Meet 'Grok'

Elon Musk debuts ‘Grok’ AI bot to rival ChatGPT, House GOP pushes ahead with stopgap funding plan, 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

Nov 3, 2023

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11 min read

SBF: Guilty

Sam Bankman-Fried found guilty on all counts, House passes Israel aid tied to IRS cuts, the race to regulate AI has begun, FTC complaint says Amazon made $1B via secret price raising algo, and Wall Street titans fuel Ivy league donor revolt...

Market Briefing

Nov 2, 2023

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13 min read

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...

Market Briefing

Nov 1, 2023

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14 min read

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...

Market Briefing

Oct 31, 2023

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12 min read

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...

Market Briefing

Oct 30, 2023

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12 min read

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...

Market Briefing

Oct 27, 2023

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12 min read

That's hot

US economy glows red hot in third quarter report, Morgan Stanley’s new CEO said investment banking will lead next cycle, XI on the hunt for real estate corruption, and SBF tells judge he acted on legal advice...

Market Briefing

Oct 26, 2023

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12 min read

SBF testifies

Israel bombards Gaza preparing for invasion, Mike Johnson elected House speaker, Ford and UAW in tentative deal to end strike, PE wants a piece of your retirement savings, and SBF set to testify at his fraud trial today...

Market Briefing

Oct 25, 2023

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14 min read

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...

Market Briefing

Oct 24, 2023

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13 min read

The bet's off

Bill Ackman covers bet against Treasurys, Israel pledges ‘unrelenting attacks’ on Hamas, Chevron to buy Hess in oil megadeal, Amazon’s new humanoid robot could be a watershed moment for the industry, and Bitcoin soars to $35,000 on ETF optimism...

Market Briefing

Oct 23, 2023

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11 min read

Buckle up

The US and Israel weigh a future without Hamas, Argentina heads to runoff as Massa gained edge (live results here), already painful housing market meets the 8% mortgage rate, car owners fall behind on payments at record highs, and bond traders ‘buckle up’ for wild Treasuries swings...

Market Briefing

Oct 20, 2023

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13 min read

Worldwide caution

Biden’s Oval Office address makes case to fund Israel, Powell leaves door open to hike, U.S. State Dept issues ‘worldwide caution’ alert, big banks quietly cutting thousands of employees, and Treasury yields edge toward 5% for first time since 2007...

Market Briefing

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