| I’ve had Britney Spears in my head for four days, and I’d just like to apologize to whichever deity I’ve offended. |
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| | | Build value from the ground up ⛏️ | Phoenix Capital Group specializes in oil, gas & mineral rights acquisition, and investment. | Investors can purchase 9-13% annual interest bonds from Phoenix Capital Group. Interest is paid monthly, and compounding is available to maximize potential returns. | | | While Phoenix is a relatively young company compared to say, Chevron or BP, they are one of the fastest-growing privately held companies in oil and gas. 4,500+ investors have received $50 million+ in interest payments. | How it works: | Phoenix sells fixed-rate investment bonds for those who want to get into the space or are looking for passive income. These bonds offer monthly payments with a fixed rate of return. You can opt for compounding interest, and invest using your IRA. They use capital from the bonds to pursue accretive assets (i.e., mineral rights) These assets fall into 3 categories: Royalty assets, Non-operated working interest assets, and Phoenix Operating Company (where Phoenix performs oil and gas development) | Anyone in the US can invest. There are options for both accredited and non-accredited investors. | (There's currently a waitlist for non-accredited investors, but accredited folks can start with $25,000 minimum investments) | | | 📰 Market Headlines | | The stock market plummeted, with the S&P 500 and Nasdaq suffering their worst day since early August. The S&P 500 dropped 2.1%, led by a 9% plunge in Nvidia, while the Nasdaq fell 3.3%. Oil prices fell over 4% to their lowest level this year due to concerns about tepid global demand. Nvidia received a subpoena from the US Justice Department as regulators seek evidence of potential antitrust violations. Chase Bank warned customers against a viral "glitch" trend encouraging check fraud on social media platforms. Former President Donald Trump said he will plead not guilty to the charges in a revised indictment. |
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| | 🕶️ Market Vibes | 🎰 Market Forecasts and Futures | Forecasts via Kalshi, the prediction market. | | 😱 Fear and Greed Index | | | 🎤 What you said last time | | What you had to say: | “Halloween candy has been on shelves for over a month, though”
| 📈 Trends you need to know | | Crowdstrike is, unbelievably, up 88% YoY. |
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| | 🧠 What do you think? | Which are you into more? | | | 📊 Stocks | | | Winners and losers | Earnings, upgrades, and acquisitions | GitLab beat Q2 estimates with revenue up 31% as shares surged 11.5%. Zscaler reported Q4 earnings that topped estimates, however, shares tumbled 8%. | Market movers | Costco hiked membership fees for the first time in seven years. Eli Lilly partner BioAge Labs filed for a US IPO, planning to list on Nasdaq under the ticker "BIOA". The SEC charged six credit rating agencies, including Moody's, S&P, and Fitch, with recordkeeping failures; the agencies agreed to pay over $49 million in penalties. Cathay Pacific canceled dozens of flights to inspect its entire Airbus A350 fleet after discovering engine component failures. Job cuts: Benefits Data Trust shuttered operations, laying off all 273 employees. Keystone Powdered Metal Co. announced the closure of its Troutman plant, affecting 217 workers. | Ideas, trends, and analysis |
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| Hispanic voters viewed Vice President Harris and Former President Trump equally on the economy, with each drawing 39% support. Bitcoin ATM scams skyrocketed to $114 million in losses in 2023, up tenfold from three years ago. |
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| | | | 🌍 Global Perspectives | 🇺🇦 🇷🇺 Russian missiles struck a military institute in Ukraine's Poltava, killing at least 50 people and wounding 271. 🇫🇷 🇬🇧 At least 12 migrants died after their boat capsized in the English Channel. 🇱🇧 Lebanon's former central bank chief Riad Salameh was arrested over alleged financial crimes involving more than $110 million in commissions. 🇨🇳 🇺🇸 Researchers have uncovered Chinese operatives posed as US voters on social media, spreading divisive content before the 2024 election. |
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| | 📊 Crypto | | The CFTC recovered $18 million in crypto assets from an alleged commodity pool Ponzi scheme. The FBI warned that North Korean hackers are "aggressively targeting" web3 employees. The SEC has charged and settled with crypto-focused Galois Capital over custody issues. | |
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| | 🧠 Errata | The largest dam removal in US history freed 400 miles of the Klamath River. Beavers are ticked. SpaceX's Polaris Dawn mission, featuring the first commercial spacewalk, is set to launch Friday after multiple delays. A 5-year-old boy survived a mountain lion attack during a Labor Day picnic in Malibu Creek State Park. |
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| | 📺 What to Watch Today | | Boy attacked by mountain lion Malibu Creek State Park |
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| That’s all for today. Did I miss anything? Smash the reply button to let me know. | Cheers, | Wyatt |
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