Plus, Disney eyes ABC sell-off
September 15, 2023 | Read Online | | | | | *past 24-hour performance |
| | ECB hits historic rate hike: The ECB announced its 10th consecutive interest rate increase yesterday, pushing its policy rate to the highest in the two-decade history of the Eurozone (NYT)
Arm’s long reach: Shares of computer chip design firm Arm (ARM) surged by as much as ~25% after the company went public yesterday on the Nasdaq, rekindling investor hopes for a turnaround in the moribund market for IPOs (Reuters)
The new influence on inflation: Energy prices charged by suppliers surged 10.5% in August, the Labor Department reported; that included jumps in prices for gasoline (up 20%), jet fuel (23.6%) and diesel fuel (41.1%) (WSJ)
US-Taiwan ties tighten: The Senate Finance Committee approved a bill to strengthen U.S.-Taiwan economic relations, likely leading to a tax treaty and increased Taiwanese investment in the US semiconductor sector, a move that could escalate tensions with China (NYT)
Cloudmates: Days after reporting disappointing earnings and a bleak annual outlook that led to a historic stock decline, Oracle (ORCL) reveals a partnership with Microsoft (MSFT) to integrate some of its database infrastructure and services into the Azure cloud (TechCrunch)
Disney eyes ABC sell-off: Disney (DIS) has held exploratory talks about selling its ABC network and TV stations to local broadcaster Nexstar Media Group Inc. (Reuters)
Caesars says “same here”: Days before MGM's (MGM) computer systems were taken down in an ongoing cyberattack, casino operator Caesars (CZR) paid out a ransom worth $15 million to the same cybercrime group (CNBC) | | | | | This is The End of The “Magnificent Seven”… | The tech giants have soared this year, but a once-a-decade event could replace them with a new class of leading stocks. | Here's who they might be. More here » | SPONSOR |
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| | The Fed will cut rates in 2024: What we’re starting to see is some ancillary economic indicators showing signs of stress. Credit card delinquencies are picking up. Auto delinquencies are picking up. Corporate defaults are picking up. Read more » | Is there a tax on student loan forgiveness? If you live in these states, the answer is yes. Millions of Americans may not have to pay federal student loans anymore. But if you live in a state that has decided to tax forgiveness, you should prepare. Read more » | How young people manage a financial windfall: A sudden influx of cash can offer a sense of relief for a young person. But for those grieving a loss or dealing with large sums of money for the first time, it can also feel overwhelming. Read more » |
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| | An overhaul to bitcoin on the balance sheet (CoinSnacks) ‘One of the most hated people in the world’: Sam Bankman-Fried’s 250 pages of justifications (NYT) Threads blocks searches related to covid and vaccines as cases rise (Washington Post) Kuppy and Mike Alkin “Uranium” interview at the 2023 World Nuclear Association Symposium (Praetorian Capital) Walmart is debuting its first store-brand compostable cutlery — and making it cheaper than the plastic ones it sells (Axios) | | | | | If You're Concerned About How Massive U.S. Debt Could Affect Your Retirement... | You need to see this guide on how to diversify and protect your retirement savings. In it, you’ll learn how to protect yourself from surging National Debt... a weakening U.S. Dollar... stock market downturns... and much more. | Get your guide here. | SPONSOR |
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