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Weekly Market Report. September 22, 2023

Greetings, curious minds! Join us on a journey into the cutting-edge. This newsletter unveils the latest trends shaping our world. Let’s explore together! 🌐🚀

Market Data
  • Microsoft’s event promises new Surface devices and AI innovations.
  • GitHub extends Copilot Chat access to individual users.
  • Tether invests $420 million in cloud GPUs, bolstering support for AI.
  • Game of Thrones‘ creator and authors sue OpenAI.
  • Corti secures $60 million in funding for its healthcare AI co-pilot.
  • Apple and Goldman Sachs halted iPhone stock-trading feature due to market shifts.
  • Google emails and memos concealed by DOJ.
  • Amazon drops merchant fee plan amid pending antitrust suit.
  • SEC cracks down on deceptive ESG and growth fund labels.
  • Isaacson’s ‘Elon Musk’ biography soars in its debut week.
  • Bank of America raises minimum wage to $23, targeting $25/hour.
  • Toshiba’s $14 billion takeover bid by JIP succeeds, going private.
  • Hollywood studios and writers close to ending strike.
  • PayPal adds PYUSD stablecoin to Venmo for crypto expansion.
  • Bitcoin’s 2021 87% drop blamed on Alameda, ex-employee asserts.
  • Memecoin makes $12 million in a day through AI naming.
  • NHN, a South Korean mobile developer, enters crypto gaming on Sui.
  • Wall Street sees blockchain as a game-changer.
  • Tim Draper launches crypto accelerator amid bear market.
  • British bank with $819 billion assets launches crypto staking service.

Upcoming Events (Eastern Time)


Monday, Sept. 25

  • No schedule


Tuesday, Sept. 26

  • 8:30 am – US New Home Sales
  • 8:30 am – US S&P Case-Shiller Home Price Index (20 cities)
  • 10:00 am – US Consumer Confidence


Wednesday, Sept. 27

  • 8:30 am – US Durable Goods Order


Thursday, Sept. 28

  • 8:30 am – US Initial Jobless Claim
  • 8:30 am – US GDP Revision


Friday, Sept. 29

  • 2:00 am – UK GDP Growth Rate
  • 5:00 am – EURO Area Core Inflation Rate
  • 8:30 am – US Core PCE Price Index
  • 10:00 am – US Michigan Consumer Sentiment Final
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