Archive | Market Briefing

Big bank breach

Powell: Fed is ‘not confident’ it’s done enough to curb inflation, world’s largest bank hit by ransomware gang, Humane’s wearable AI pin drops 11/16, Softbank posts $6.2 billion loss after WeWork bankruptcy, and ex-Goldman Partner stars in cabaret about life after Wall Street...

Market Briefing

Nov 9, 2023

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13 min read

Endless inflation

Griffin says high inflation to last years, Eli Lilly wins FDA approval for rival obesity drug, Amazon to offer Prime members $99 annual access to primary-care service, ChatGPT experiences major outage, and 16 members of Gambino mafia arrested in major raid in NY/Sicily...

Market Briefing

Nov 8, 2023

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11 min read

XI in SF

S&P, Nasdaq score longest win streak in 2 years, Xi to meet US business execs for dinner in San Francisco, Elon Musks’s Neurolink now has FDA clearance to start surgery, Biden approval falls to lowest level since April, and Hyundai to build US plant to make first flying electric taxi’s...

Market Briefing

Nov 7, 2023

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14 min read

Turbo-charged

Israel says it has isolated Gaza City, OpenAI announces GPT-4 Turbo at first in-person event, WeWork files for bankruptcy, SpaceX eyes $15 billion in 2024 sales on Starlink strength, and voters aren’t believing in Bidenomics...an, the price of money is going up, Berkshire Hathaway’s cash pile swells to a record $157 billion, and Kai-Fu Lee's AI startup hits Unicorn status in eight months...

Market Briefing

Nov 6, 2023

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13 min read

Meet 'Grok'

Elon Musk debuts ‘Grok’ AI bot to rival ChatGPT, House GOP pushes ahead with stopgap funding plan, the price of money is going up, Berkshire Hathaway’s cash pile swells to a record $157 billion, and Kai-Fu Lee's AI startup hits Unicorn status in eight months...

Market Briefing

Nov 3, 2023

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11 min read

SBF: Guilty

Sam Bankman-Fried found guilty on all counts, House passes Israel aid tied to IRS cuts, the race to regulate AI has begun, FTC complaint says Amazon made $1B via secret price raising algo, and Wall Street titans fuel Ivy league donor revolt...

Market Briefing

Nov 2, 2023

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13 min read

Fed is done

Powell hints Fed is done with hikes - a pivot cheered by markets, IRS announces 2024 retirement account contribution limits, world’s safest market becomes a magnet for big investors, BofA indicator shows S&P 500 gaining 16% over next year, and real estate industry takes a fresh hit with verdict...

Market Briefing

Nov 1, 2023

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14 min read

Tesla tumbles

Powell to hold policy news conference today at 2:30p ET (watch live), it’s a ‘no’ from Biden for House GOP Israel aid package, Treasury announces new Series I bond rate of 5.27% for next 6/mo., Tesla erases $145 billion in valuation, and WeWork set to file for bankruptcy next week...

Market Briefing

Oct 31, 2023

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12 min read

Fiscal Frankenstein

House Republicans bill to fund Israel by cutting IRS budget, Treasury to borrow $776B in final three months of the year, White House unveils wice-ranging action to mitigate AI risks, middle-class rattled by inflation fight, GM and UAW reach agreement ending strike...

Market Briefing

Oct 30, 2023

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12 min read

They got screwed

Israel launches Gaza war's second phase with ground operation, the big bond market event Wednesday is at Treasury, which is also the day we get the next Fed rate hike decision, BofA says boomers won the housing market and millennials got screwed, and ‘X’ launches two subscription tiers to boost replies...

Market Briefing

Oct 27, 2023

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12 min read

That's hot

US economy glows red hot in third quarter report, Morgan Stanley’s new CEO said investment banking will lead next cycle, XI on the hunt for real estate corruption, and SBF tells judge he acted on legal advice...

Market Briefing

Oct 26, 2023

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12 min read

SBF testifies

Israel bombards Gaza preparing for invasion, Mike Johnson elected House speaker, Ford and UAW in tentative deal to end strike, PE wants a piece of your retirement savings, and SBF set to testify at his fraud trial today...

Market Briefing

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