Archive | Market Briefing

'Gemini' unleashed

Google launches Gemini — its ‘most capable’ AI model, Wall St. bank bosses warn Congress new rules risk of hurting economy, Biden forgives nearly $5B in student loans, Musk's SpaceX valued at $175 billion, and McDonald’s unveils its answer to Starbucks with ‘CosMc’s'...

Market Briefing

Dec 6, 2023

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13 min read

New milestones

Apple’s market cap recrosses $3 trillion, India narrows gap with Hong Kong, job openings hit 2-year low in cooling welcomed by Fed, China's credit rating downgraded, and Bitcoin’s 6-day jump takes the token past $44,000...

Market Briefing

Dec 5, 2023

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14 min read

Bull market in sight

Gold and Bitcoin smashing through key levels, bull market in view after S&P hits year-high, Spotify to cut 17% of its workforce, Birkenstock finally tops IPO price, and Alaska-Hawaiian billion-dollar merger faces the DOJ...

Market Briefing

Dec 4, 2023

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12 min read

Bitcoin hits $40K

Bitcoin hits $40,000 for the first time in 19 months, gold soars past $2,100 to new record, Dovish Fed view courses through markets, Meta’s AI chief thinks we’re far from AI super intelligence, and Alaska Airlines to buy Hawaiian Airlines for $1.9 billion...

Market Briefing

Dec 1, 2023

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12 min read

Historic rally

S&P’s historic 8.9% rally, biggest blowout in bonds since 1980’s, Tesla Cybertruck delivery event ($60,990 base price), India overtakes China as Asia’s growth driver, and Lego heir sells $930 million of shares in family firm...

Market Briefing

Nov 30, 2023

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12 min read

Cursed out

Henry Kissinger dies at age 100, Elon Musk tells ‘blackmailing’ advertisers where to go, Nvidia CEO: US chipmakers a decade away from China supply chain independence, nobody wants Treasury bonds, and Microsoft secures a board seat at OpenAI...

Market Briefing

Nov 29, 2023

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13 min read

Farewell Charlie

Investing genius, Charlie Munger, dies at age 99, Biden tells corporations to ‘stop price gouging’, Amazon announces new AI chip, Harvard/Penn/MIT presidents called before Congress, and Bill Ackman bets Fed will cut rates in Q1...

Market Briefing

Nov 28, 2023

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12 min read

Fast-fashion IPO

Musk, Netanyahu visit amid antisemetism furor, fast-fashion giant Shein files for IPO, Reddit leads class of 2024 IPO candidates, Tesla and Toyota in automotive showdown, and Amazon eye’s more Miami office space as Bezos moves south...

Market Briefing

Nov 27, 2023

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12 min read

Shoppers break record

Black Friday shoppers spent a record $9.8 billion online, Musk warns ‘something scared’ OpenAi chief scientist, US stocks cap off best four-week stretch in a year, Meta complaint says underage users were an ‘open secret’, and poll shows Americans think the American dream is dying...

Market Briefing

Nov 22, 2023

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12 min read

Sam returns

Sam Altman returns as OpenAI CEO in dramatic reversal, Binance CEO agrees to plead guilty and pay $50M fine, Fed gave no indication of possible rate cuts in last meeting, FDIC forms special committee to review allegations, and Nvidia’s revenue triples as chip boom continues...

Market Briefing

Nov 21, 2023

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12 min read

Microsoft wins

Wall Street cheers Microsoft’s ‘coup’ as stock hits all-time high, Nearly all of OpenAI staff threaten to follow Altman to Microsoft, Benioff woos disaffected OpenAI staff to Salesforce, Citigroup employees brace for layoffs in management overhaul, and Senate committee subpoenas Live Nation and Ticketmaster in months-long probe...

Market Briefing

Nov 20, 2023

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14 min read

OpenAI's CEO Saga

Sam Altman shock: fired Friday as OpenAI’s CEO, Mira Murati then Emmett Shear each named interim CEO over the weekend (developing), Blackstone is frontrunner in Signature Bank property-loan sale, S&P 500 flirts with quickest comeback in 10 years, and President-elect Milei vows to open a new era for Argentina...

Market Briefing

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