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- 💸 Salesforce splashed the cash
💸 Salesforce splashed the cash
🤖 While the USG imposed new export controls on sensitive tech
Wyatt from Alts
06 Sep
King Kong is one of the greatest and most influential films ever made, but it has a complicated legacy…
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📰 Market Headlines
Stocks wobbled as weak labor data fueled rate cut hopes but raised economic health concerns.
The S&P 500 dipped 0.3%, testing its 50-day moving average, while the Dow fell 0.5%.
Private payrolls grew by only 99,000 in August, well below expectations and the smallest gain since January 2021.
The US imposed new export controls on quantum computing and semiconductor technologies.
Salesforce announced plans to acquire Own Company, a data protection provider, for $1.9 billion in cash.
Hunter Biden offered to plead guilty to federal tax charges without a deal.
🕶️ Market Vibes
🎰 Market Forecasts and Futures
😱 Fear and Greed Index
🎤 What you said last time
What you had to say:
“That price gets passed on whenever possible. Last time, it also allowed American producers to raise THEIR prices because they knew the foreign prices were now higher. Great for earnings, bad for inflation.”
📈 Trends you need to know
Goldman Sachs says, “The best outcome of the 2024 election — for the U.S. economy — would be an overwhelming victory for Vice President Kamala Harris and her Democratic allies.”
“Conversely, Goldman believes a Republican sweep in Congress and win for Former President Donald Trump would diminish economic output next year. Most of the damage would stem from Trump’s promises to be tougher on immigration and increase tariffs on imports coming from countries like China.”
“If Democrats sweep, new spending and expanded middle-income tax credits would slightly more than offset lower investment due to high corporate tax rates, resulting in a very slight boost to [gross domestic product] growth.”
🧠 What do you think?
Who would be better for the US economy? |
📊 Stocks
Get $20 free shares at public.com using code ALTSCO.
Winners and losers
Earnings, upgrades, and acquisitions
Market movers
The US Transportation Department opened an inquiry into the four largest US airlines' rewards programs for potential unfair practices.
Verizon acquired Frontier Communications for $20 billion.
Red Lobster received court approval for restructuring, emerging from bankruptcy under Fortress Investment Group ownership.
Hershey urged a US judge to dismiss a lawsuit claiming it misled consumers about Reese's candies' appearance.
Amazon challenged the US labor board's structure in a lawsuit over a union election at its New York City warehouse.
Ideas, trends, and analysis
Only 4% of marketers viewed X ads as brand-safe, compared to 39% for Google.
About 26 million US residents lack health insurance.
🌍 Global Perspectives
🇮🇱 Israeli Prime Minister Netanyahu rejected claims of an imminent ceasefire deal with Hamas, stating "There's not a deal in the making."
🇺🇸 🇷🇺 The US charged five Russian military hackers for targeting Ukrainian government agencies and NATO countries with destructive malware.
🇮🇩 Over 80,000 people attended Pope Francis' mass in Jakarta, Indonesia.
🇩🇪 German police killed a suspected 18-year-old Islamist gunman in a shootout near the Israeli consulate in Munich.
🇨🇳 🇿🇦 China offered Africa $51 billion in fresh funding and promised to create one million jobs.
📊 Crypto
Monochrome Asset Management filed to list an Ethereum ETF on Cboe Australia.
The Federal Reserve ordered United Texas Bank to halt crypto services over AML concerns, giving the bank 60-90 days to comply.
Mastercard and Mercury launched the "Spend" debit card, enabling European users to pay from self-custodial wallets across chains.
Binance-backed Zest Protocol introduced BTCz, a new yield-bearing Bitcoin token.
🧠 Errata
A newly discovered asteroid exploded in a spectacular green fireball over the Philippines.
NASA and SpaceX confirmed an October 10 launch for the Europa Clipper mission to Jupiter's moon.
A self-swab HPV test has hit doctors' offices.
A man who slaughtered 118 eagles in a wildlife trafficking ring has been set for sentencing.
📺 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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