Archive | Market Briefing

Kaiser's historic walkout

Kaiser workers launch largest-ever health care strike, Biden cancels $9 billion more in student debt, Ex-Alameda CEO emerges as key figure at SBF trial, two tech giants lay off more as cuts continue, and Uber will now pick up your shipping packages...

Market Briefing

Oct 4, 2023

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12 min read

All roads lead to Google

Microsoft CEO says they can’t compete with Google during antitrust trial, Kevin McCarthy ousted as US House Speaker in historic vote, SBF shows up for court, 10-year Treasury yield at 16-year high, and Chipotle tests burrito bowl automation...

Market Briefing

Oct 3, 2023

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12 min read

Dimon's 3.5-day work forecast

JPMorgan’s Dimon predicts 3.5-day work week for next generation, Birkenstock targets $9.2 billion valuation in IPO, Sphere Entertainment rises with U2 show kickoff, US bond market signals the end of an era, and LVMH’s Bernard Arnault under investigation...

Market Briefing

Oct 2, 2023

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12 min read

Biden's 45-day lifeline

Biden signs 45-day funding bill to avert shutdown, trial of former FTX head Sam Bankman-Fried begins tomorrow, student loan payments are back, once unthinkable bond yields now the new normal, and ‘AI Pin’ makes its debut at Paris Fashion Week...

Market Briefing

Sep 29, 2023

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12 min read

Endeavor, Fenway Tee Up PGA?

Investors eye PGA tour deal to rival Saudi Arabia’s offer, Brad Gerstner: AI will be bigger than the internet and mobile, GameStop names Ryan Cohen as CEO, Epic Games cuts 16% of staff, and Peloton soars after Lululemon deal...

Market Briefing

Sep 28, 2023

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14 min read

Lulu x Peloton = Fit Hit

Lululemon strikes deal with Peloton, it’s Lina Khan vs. Jeff Bezos in Big Tech cage match, Goldman says odds of a government shutdown are now 90%, Delta CEO: company went ‘too far’ with Skymiles changes, and ChatGPT users can now search internet...

Market Briefing

Sep 27, 2023

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11 min read

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...

Market Briefing

Sep 26, 2023

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10 min read

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...

Market Briefing

Sep 25, 2023

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13 min read

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...

Market Briefing

Sep 22, 2023

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12 min read

Chair Swap: Murdoch Era 2.0

Rupert Murdoch steps down as Chairman of Fox, to be succeeded by son Lachlan, Arm dips below IPO price as short sellers circle, Wall Street’s ‘meh’ reaction to tech IPO’s reveals valuation problem, and 10-year treasury hits 16-year high...

Market Briefing

Sep 21, 2023

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11 min read

Steady rates: higher, longer?

Fed holds rates - warns higher for longer, Klaviyo marks third biggest US IPO in a week, even Airbnb properties now getting a checkmark, Cathie Wood avoided the Arm frenzy, and remember LimeWire? It’s back...

Market Briefing

Sep 20, 2023

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14 min read

Rate roulette: Fed spins

Three things to watch for in Fed announcement, FTX sues SBF’s parents, White House no longer sending officials to Detroit, U.S. national debt hits $33 trillion for the first time, and Musk's Neuralink to start human trial of brain implant...

Market Briefing

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