Nov 30, 2023
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12 min read
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...
Nov 29, 2023
13 min read
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...
Nov 28, 2023
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...
Nov 27, 2023
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...
Nov 22, 2023
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...
Nov 21, 2023
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...
Nov 20, 2023
14 min read
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...
Nov 17, 2023
Biden calls Xi a dictator after carefully planned summit, bulls are in control of the market now, Hyundai to be first automaker to sell new cars on Amazon, Apple to adopt RCS texting standard in truce with Android, and Starbucks employees go on strike during key promotional ‘Red Cup Day’ event...
Nov 16, 2023
Xi to Biden, Earth is “big enough” for US and China to succeed, US producer prices fall unexpectedly, SpaceX weighs spinning Starlink via IPO, Citigroup begins layoffs as part of corporate overhaul, and Berkshire sheds blue-chip stocks for cash...
Nov 15, 2023
Market rallies after flat CPI report (one-chart breakdown here), House passes spending plan easing risk of shutdown, don’t expect much from Biden-Xi meeting, “what the hell is going on with the FDIC?”, and Ken Griffin sees Miami replacing NYC as finance capital...
Nov 14, 2023
Strategists see far deeper Fed rate cuts than the markets, Yellen disagrees with Moody’s negative outlook, Supreme Court adopts first code of conduct following controversies, House Speakers plan to avert gov shutdown faces critical last few hours, and Dubai faces down airline rivals with $50 billion jet orders...
Nov 13, 2023
Moody’s turns negative on US credit rating, military talks will be a priority at Biden-Xi summit, Johnson delivers stopgap plan to lower risk of US shutdown, Main Street prepares for new state minimum wage hikes in 2024, and Chamath says the job of VC won’t exist in a world of AI-powered two-person startups...
