WEEKLY MARKET REPORT
Market Trends
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Latest News
October 6, 2023
Top Reads
US job growth sizzles; wage inflation cooling 😲
U.S. employment increased by the most in eight months in September as hiring rose broadly, pointing to persistent labor market strength that could give the Federal Reserve ammunition to raise interest rates again, though wage growth is slowing.
Meta and X questioned by lawmakers 🧐
Deepfakes generated by artificial intelligence are having their moment this year, at least when it comes to making it look, or sound, like celebrities did something uncanny. Tom Hanks hawking a dental plan. Pope Francis wearing a stylish puffer jacket. U.S. Sen. Rand Paul sitting on the Capitol steps in a red bathrobe.
Pentagon Developing AI 🤖
The Defense Department is speeding its development of artificial intelligence tools for the commander of US forces in the Indo-Pacific, according to a senior Defense official.
Market Data
Headlines
AI
  • Metropolis AI Parking Raises $1.7B for SP Plus Acquisition
  • Meta pays millions for AI chatbots
  • UK’s Graphcore, Nvidia rival, seeks funds amid larger losses
  • US cautions EU’s AI policy may favor big tech companies
  • Microsoft’s LinkedIn launches AI assistant for recruiters
  • Google Assistant gains AI capabilities with Bard
Tech
  • Stoke Space, a Washington rocket startup, secures $100 million
  • ADL and Musk call truce, will advertise on X
  • Flexport to cut 30% of its workforce
  • Tesla slashes US Model 3 and Y prices to boost deliveries
Business
  • Disney in talks to sell India assets to Adani and Sun TV
  • MGM Resorts denies paying ransom in casino cyberattack
  • China a no-go zone for executives
Crypto
  • Starbucks Is Selling Pumpkin Spice Latte NFTs
  • Elon Musk Believes Fiat Money is a Scam
  • Trump’s second NFT sales surge 350% amid House Speaker buzz
  • Mastercard’s CMO on Web3 revenue and brand identity
  • Hong Kong’s Titan Fund to boost blockchain adoption
  • Google Cloud has 10,000 tokens in a blockchain network

Upcoming Events

(Eastern Time)

Monday, Oct. 9

  • None scheduled, Columbus Day holiday

 

Tuesday, Oct. 10

  • 10:00 am – US Wholesale inventories

 

Wednesday, Oct. 11

  • 8:30 am – US Producer Price Index
  • 2:00 pm – US FOMC Minutes

 

Thursday, Oct. 12

  • 7:30 am – EU ECB Monetary Policy Meeting Accounts
  • 8:30 am – US Initial Jobless Claims
  • 10:00 am – US Trade Deficit

 

Friday, Oct. 13

  • 8:30 am – US Import Price Index
  • 10:00 am – US Consumer Sentiment

 

Crypto Insights Unveiled

🇺🇸 Proof of Reserves Bill (HB 1666): Texas’ Innovatvive Approach to Blockchain

 

 

 

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