draft - sept 13 - #161

All my teams are undefeated so far this year:

Something is about to go horribly wrong.

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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.

Forecasts via Kalshi, the prediction market.

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. ”

Interest in AI has exploded over the last two years but seems to have levelled off.

Get $20 free shares at public.com using code ALTSCO.

Earnings, upgrades, and acquisitions

Kroger beat Q2 adjusted profit expectations, surging shares over 6%.
RH jumped 17.1% on strong Q2 revenue.
Adobe hit a revenue record in Q2 but forecast lower-than-expected Q4 revenue, dropping shares 9%.

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."

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.

🇮🇱 🇵🇸 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.

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.

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.

That’s all for today. Did I miss anything? Smash the reply button to let me know.

Cheers,

Wyatt

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