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|  | *past 24-hour performance |
| | 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)
| | | First Disruption to Smartphones in 15 Years🤳 | | Tech Startup With Traction: Turn your phone from a cost to an income source. Intriguing idea, isn't it? This is why, we have our eyes on the launch of Mode Mobile’s Pre-IPO Offering. It’s the latest in a series of impressive raises among smartphone innovators, likely spurred by Apple’s recent $3+ trillion valuation. | Mode saw 150x revenue growth from 2019 to 2022, a leap that has made them one of America’s fastest growing companies. Mode is on a mission to disrupt the entire industry with their "EarnPhone," a budget smartphone that’s helped consumers earn and save $150M+ for activities like listening to music, playing games, and ... even charging their devices?! | Over 11,000 investors already acquired shares — and with only days remaining prior to their bonus tier closing, allocations are limited. | 📈 Claim Exclusive 110% Bonus: $0.16/Share* | *Disclosure: Please read the offering circular at invest.modemobile.com. This is a paid advertisement for Mode Mobile’s Regulation CF Offering. | | |
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| | The market-beating investment that’s defying Wall Street skeptics: Rising interest rates are boosting risky corporate-loan returns instead of hurting them. Read more » | How individual retirement accounts changed the stock market forever: Household allocations to the stock market have been volatile much like the stock market itself but there has been an upward trend since the 1970s. Why? Read more » |
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| | 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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