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Market News
OpenAI seeks $90B valuation
Biden says UAW should fight for 40% pay raise, OpenAI seeks $90 billion valuation in possible share sale, FTC + 17 states sue Amazon on antitrust charges, Target closes 9 stores in major cities due to violence/theft, and FCC announces plans to reinstate net neutrality…
Amazon's $4B AI Power Play
Commerce Dept draws on Ex-Wall Streeters for management, US House presses forward with spending cuts, Amazon invests $4 billion in Anthropic to step up AI race, Ford suddenly pauses EV battery plant over CCP ties, and Netflix to mail final red envelope this week…
Wells Fargo's wealth war
Biden to visit Michigan tomorrow to support auto strike, Hollywood screenwriters reach deal to end strike, Deion Sanders turns college football into must-see tv, Wells Fargo preps for wealth battle, Rite Aid to shut hundreds of stores, and Tinder to offer $500-a-month subscription by invitation only…
Chicago's trillion dollar exodus?
Chicago’s future at risk of trillion-dollar exodus, Joby Aviation to build historic ‘flying taxi’ production plant in Ohio, salary transparency is sweeping across the US, Amazon preps for second Prime Day in October, and Elon Musk says ‘X’ is moving to monthly subscription fees…
White House: strike-breaker?
White House deploys team to Detroit to help resolve UAW strike, US is trending in the Fed’s direction, the GME short squeeze is now ‘Dumb Money’, Sequoia, Andreessen get hosed on 2021 Instacart investment, and Byron Allen makes $10 billion bid for Disney’s ABC and other networks…