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Market News
Oh, snap
Historic 13-day rally snapped as Dow loses more than 200 points Thursday, sweeping changes coming to capital rules for banks with $100B in assets, Euro Central Bank hikes interest rates opening door for more, Sony PlayStation 5 sales top 40 million, and McDonald’s unveils plans for “CosMc” spinoff restaurant…
Oops they did it again...
Fed raises rates to 22-year high, big jump in consumer confidence with easing inflation, Billionaire Joe Lewis pleads not guilty to insider trading, U.S. sends $400M in military aid to Ukraine, and Gap names Mattel’s Richard Dickson as CEO…Wall Street climbs on Big Tech enthusiasm, UPS reaches labor deal and avoids strike, Wordcoin users queue up for iris scans, Yellen visits Vietnam to build US ties, and AMC likely to file Chapter 11…
A.I. Journalism
Google developing tool to help journalists create stories, headlines, Blackstone’s $1 trillion triumph muted by deal slowdown, weekly jobless claims at 2-month low, home sales drop to slowest pace in 14 years, and Amazon to launch ‘pay-by-palm’ technology at all Whole Foods stores…
Media Edition: Epic disruption unfolding
Your front-row seat to the collision of Hollywood and Silicon Valley: media turmoil; ‘absolute collapse’ likely on the brink, Yellen does not see recession in U.S., Russia pulls out of Black Sea grain deal hours before deadline, and home prices nearing new record…
Bonds peak rates near
History says it’s time to buy long-term bonds, United pilots new labor deal comes with 40% raise, Twitter’s ad rev drops 50%, will.i.am launches AI platform for creative collaboration, and JPMorgan Chase is one step closer to deposing the millennial fraudster who defrauded them out of $175M…
Legacy media's shakedown
Disney to sell TV assets - Iger saying ‘media landscape challenges are greater than anticipated’, Amazon touts ‘biggest ever’ Prime Day as U.S. sales surged to $12.7 billion, Twitter offering rev share to select content creators, Celsius Network’s founder arrested as SEC, CFTC, FTC Sue Bankrupt Crypto Lender, and Ripple gets landmark win in SEC case over XRP…
Inflation Hits 2-Year Low
Inflation hits 2-year low, FTC preparing quick appeal of Microsoft-Activision loss, ‘Prime Day’ pushes online sales up 6% in first 24 hours, Cathie Wood’s ARK fund hits 11-month high, Diddy officially launches marketplace for black businesses, and Jefferies says mega cap M&A ‘is back’…