All my teams are undefeated so far this year:
Liverpool
UCLA Football
SF 49ers
Something is about to go horribly wrong.
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📰 Market Headlines
Tech-led rally extended as S&P 500 and Nasdaq notched their fourth consecutive day of gains.
The S&P 500 rose 0.7% and the Nasdaq jumped 1%, while the Dow Jones edged up 0.6%
August's PPI showed cooling inflation, with markets now pricing an 87% chance of a 25-basis-point cut next week.
A federal judge ruled in favor of Kalshi on Thursday, allowing the prediction market to offer bets on upcoming US elections.
Apple's AirPods Pro received FDA approval to function as over-the-counter hearing aids.
Polaris Dawn astronauts conducted the first commercial spacewalk wearing SpaceX-made suits.
🕶️ Market Vibes
🎰 Market Forecasts and Futures
😱 Fear and Greed Index
🎤 What you said last time
What you had to say:
“I just learned in his death that he played the mysterious blind man with the big scary dog in Sandlot. ”
📈 Trends you need to know
Interest in AI has exploded over the last two years but seems to have levelled off.
🧠 What do you think?
Artificial intelligence
📊 Stocks
Get $20 free shares at public.com using code ALTSCO.
Winners and losers
Earnings, upgrades, and acquisitions
Market movers
The FDA granted approval for Apple's AirPods Pro 2 to serve as over-the-counter hearing aids via a software update.
General Mills sold its North American yogurt business to French dairy firms Lactalis and Sodiaal for $2.1 billion.
Faraday Future doled out big raises and bonuses to its CEO and founder despite delivering just 13 cars in 10 years.
Microsoft laid off another 650 Xbox employees.
According to a report from Reuters, Amazon and Flipkart violated competition laws in India.
Meta made its AI info label less visible on content edited or modified by AI tools.
OpenAI unveiled o1, a new AI model that can effectively fact-check itself by "reasoning."
Ideas, trends, and analysis
The average 30-year mortgage rate dipped to 6.20%, a 19-month low.
Gold prices surged to a record high as the ECB cut rates for the second time in three months.
🌍 Global Perspectives
🇮🇱 🇵🇸 An Israeli airstrike on a UN-run school in Gaza killed six UN staff members and injured 18 others.
🇨🇳 🇳🇴 China extended visa-free entry to Norway and 12 other European countries until the end of 2025.
🇬🇷 Greece unveiled measures to boost its lagging birthrate, including tax breaks and childcare benefits for new parents.
🇧🇷 🇧🇴 South America surpassed its record for fires with over 346,000 hotspots recorded this year.
📊 Crypto
21Shares diversified custodians for its crypto ETFs, adding Anchorage Digital Bank and BitGo alongside Coinbase.
Grayscale's new XRP Trust launch sparked an 8% price surge.
eToro restricted crypto trading to only Bitcoin, Bitcoin Cash, and Ethereum following a $1.5 million SEC settlement.
A new bill proposed a joint SEC-CFTC committee to shape US crypto regulations.
🧠 Errata
A hacker tricked ChatGPT into giving out detailed instructions for making homemade bombs.
Ex-CrowdStrike employees say the cybersecurity firm prioritized speed over quality for over a year before the catastrophic software failure.
A 650-foot tsunami in Greenland fjord made waves that lasted 9 days, scientists found.
Apple Vision Pro's eye tracking exposed what people type, allowing researchers to reconstruct passwords and messages with up to 92% accuracy.
A Florida woman faces up to 10 years for a romance scam that stole $2.7 million from lonely elderly folks.
A marine salvage crew has discovered the wreck of the French steamship Le Lyonnais, which sank in 1856 off Massachusetts, killing 114 people.
📺 What to Watch Today
That’s all for today. Did I miss anything? Smash the reply button to let me know.
Cheers,
Wyatt
