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Market News
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…
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…
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…
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…
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…