All eyes on "the pause"

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• Disney doubles down on parks: Disney plans to spend roughly $60 billion in the next 10 years on its parks and cruise line segments, nearly doubling the investment it's made in those areas in the past 10 years (Axios)
  

• Instacart’s first-day rally sputters: After shares initially popping 40%, Instacart (CART) closed their first day of trading at $33.70, up only 12% from the IPO price of $30, signaling that investors are eager to take a chance on young tech companies — but only at the right price (NYT)
  

• Cracks in the armor: Only 1,283 million new single-family U.S. home constructions were started in August, the lowest number in more than three years; overall housing starts dropped 11.3% (Reuters)
  

• Fed expected to hit the pause button: The U.S. central bank is expected to leave interest rates unchanged today, having raised its policy rate by 525 basis points since March 2022 to the current 5.25%-5.50% range (NYT)
  

• Pentagon reloads arsenal: The U.S. Department of Defense has reportedly increased a framework agreement and placed a new $104.9M order for its AT4 and Carl-Gustaf weaponry, with delivery set to begin in 2024 (Reuters)
  

• Clorox wiped by hack: Some cleaning products, including disinfecting wipes and bleach, are in short supply after a cybersecurity attack at the Clorox Company (CLX) (Axios)
  

• It runs in the family: Bankrupt crypto exchange FTX is suing founder Sam Bankman-Fried’s parents, accusing them of siphoning millions of dollars in company funds to enrich themselves and their “pet causes.” (CNN)
  

• Gorpcore is going public: Amer Sports, the Helsinki-based parent company of sporting goods makers Salomon, Arc’teryx, Wilson, and more, confidentially filed to go public, with a potential IPO valuing the group north of $10B (Fitt)

• You can now purchase 3D-printed salmon (Hypebeast)

• Proxymity, a startup solving proxy voting headaches, launches in the U.S (Institutional Investor)

• Robinhood pushes retirement accounts as movie resurrects its past (PYMNTS)

• Gold’s stay at the Hotel California (Marin Katusa)

• Non-alcoholic beer, wine, spirits sales surging in US (Fox)

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