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- 🎉 Happy Fed Rate Cut Day
🎉 Happy Fed Rate Cut Day
Wyatt from Alts
18 Sep
Fine art is having a no-good, terrible, very bad year.
Turn your playlist into your portfolio. ♫
Last year, we gave you early access to JKBX, a new music investing platform that was about to launch.
I'm happy to report that SEC approval has been granted, and you can now invest in songs just like they were stocks. ✅
JKBX has an incredible selection of songs you can invest in. Access tracks from Major Lazer, Diplo, James Blunt, and Beyoncé.
What really sets JKBX apart is their selection, which already boasts some seriously impressive names, and seems to get better each month.
Both accredited and non-accredited investors can invest. Every time you hear a song, somebody’s getting paid. That somebody could be you.
Browse all listings, and get on their email list to get notified on new drops.
PS - You can meet JKBX's CEO Scott Cohen at our investor trip to Nashville!
Visit www.jkbx.com/legal/offering-circulars for important Reg A disclosures. This content is not investment advice, nor is it an offer of securities. All investments involve risk and may result in loss.
📰 Market Headlines
Markets stalled near record highs as investors awaited the Federal Reserve's rate decision.
The S&P 500 edged down 0.1% to 4,997.91 after briefly touching the 5,000 mark.
Markets expect a 50bps cut today.
Retail sales surprised to the upside in August, rising 0.1% versus an expected 0.2% drop.
The FAA proposed a $633,000 fine for SpaceX over alleged violations of launch requirements in 2023.
Music mogul Sean "Diddy" Combs was charged with sex trafficking and racketeering as part of an alleged long-running scheme.
🕶️ Market Vibes
🎰 Market Forecasts and Futures
😱 Fear and Greed Index
🎤 What you said last time
What you had to say:
“Bad wine still gets you drunk 🤷♂️”
🧠 What do you think?
Elon’s companies have given him control of global communication (SpaceX), peoples’ brains (Neuralink), and personal transit (Tesla), among other things.
How do you feel about this? |
📊 Stocks
Get $20 free shares at public.com using code ALTSCO.
Winners and losers
Earnings, upgrades, and acquisitions
Ferguson reported strong Q4 net sales, beating estimates; shares inched up 1.33%.
Market movers
FTX auditor Prager Metis settled with the SEC for $1.95 million over negligence in auditing the crypto exchange.
The US Department of Transportation cleared Alaska Airlines' $1.9 billion acquisition of Hawaiian Airlines.
Ursa Major secured a $12.5 million contract from the US Navy and DoD to develop 3D-printed rocket motors.
AWS shuttered DeepComposer, its AI-powered MIDI keyboard and music generation service, after 5 years.
Mozilla announced it will close its Mastodon server in December, exiting the fediverse.
IBM acquired Kubernetes cost optimization startup Kubecost for an undisclosed amount.
Cisco enacted its second round of layoffs in 2024, affecting thousands of employees.
Blink Charging slashed 14% of its global workforce, aiming for $9 million in annual savings.
Ideas, trends, and analysis
US retailers are projected to add 520,000 seasonal jobs in Q4 2024, down from 564,200 in 2023.
Home prices fell 0.03% month-over-month in August.
Americans reported feeling peak stress 156 times per year, with 41% currently at their highest stress levels for 2024.
The average person experiences brain fog three times a week.
🌍 Global Perspectives
🇱🇧 Hezbollah blamed Israel for pager explosions across Lebanon that killed at least nine people and injured over 2,750.
🇺🇦 🇷🇺 Russian shelling in Ukraine's Zaporizhzhia region killed two people and injured five, according to the regional governor.
🇻🇪 Venezuela arrested six foreigners, including three Americans, accusing them of plotting to assassinate President Nicolas Maduro.
🇵🇹 A Portuguese village was battered by wildfires in the Aveiro region, with residents describing them as the worst in a generation.
📊 Crypto
CleanSpark acquired two Bitcoin mining sites in Mississippi for $5.775 million, expanding its operational capacity by 38% in just seven days.
WalletConnect announced plans to airdrop 185 million WCT tokens as it launches its native token on Optimism's OP Mainnet.
Coinbase's Base Layer 2 shattered transaction records with over 4.5 million in a single day.
The SEC charged NanoBit and CoinW6 with alleged 'relationship investment scams' using social media.
🧠 Errata
Mysterious medical waste, including hypodermic needles, washed up on East Coast beaches.
A Florida man removed 20 Burmese pythons from the Everglades to win a $10,000 prize.
Earth once sported Saturn-like rings millions of years ago.
Scientists confirmed a "third state" of existence beyond life and death.
📺 What to Watch Today
That’s all for today. Did I miss anything? Smash the reply button to let me know.
Cheers,
Wyatt
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