- Market Briefing
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Market News
Intel jumps, Boeing freezes
Intel shares jump on chip deal with Amazon and Biden awarding Intel up to $3 billion, Boeing freezes hiring in sweeping cost cuts during strike, Sam Altman departs OpenAI’s safety committee, and Larry Ellison dethrones Jeff Bezos as world’s second-richest man...
Jain sells stake
The Fast Five → Berkshire vice-chair sells more than half of his stake in company, ECB cuts interest rates to 3.5%, SpaceX performs historic first spacewalk, OpenAI releases new model with reasoning capabilities, and Interest payments on the national debt top $1 trillion...
Smartphone face-off
Trial Day 1: US argues Google created ad tech monopoly, Apple event shows off iPhone 16 with not-quite-ready AI, Huawei’s trifold phone gets 3 million pre-orders ahead of Apple iPhone event, Disney’s ‘playing hardball' with DirecTV, and Big Lots files for bankruptcy...
Bull market limps
Biggest rate cut in 16 years comes down to next inflation report, Boeing reaches deal with union to avoid strike, Fed must decide if quarter-point cut will be enough, bull market limps into 2-yr birthday, and Trump pledges ‘100% tariff’ for countries that shun dollar...
New force on Wall Street
Markets are uneasy as a recession looks more likely, Trump says Musk would head a gov’t efficiency commission if elected, family offices are about to surpass hedge funds, top airlines' loyalty programs are under investigation, and China creates its largest brokerage to take on Wall Street...