Ramblings in todays newsletter:
✍️ The €3 Revolution: When Innovation Wears a “Made in China” Tag
💲In dollar we (don’t) trust….or at least thats where we are heading to
🪨 AI Cracks the Case of the Cave Doodlers
🌌NASA to SpaceX: "We're Seeing Other People"
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Hello, and welcome to your Wednesday!
Hallo and welcome from a very busy Munich! I hope your week has been fantastic. It’s been a wild few days, and I’ve been trying to keep up with it all between sips of (what else?) strong coffee.
The biggest news, honestly, came straight from Silicon Valley. Today (Hot from the owen) OpenAI introduced ChatGPT Atlas, a new web browser built with ChatGPT at its core. More on this in the next edition. OpenAI just dropped Sora 2, their new video-gen tool that looks like actual magic, and then made ChatGPT Search free for everyone. Talk about grabbing the headlines! This AI boom lit a fire under the stock market; AMD’s stock in particular went absolutely ballistic after announcing a massive new AI deal with... you guessed it, OpenAI.
You’d think big tech has it all sorted, right? Enter Amazon Web Services (AWS), which had a global outage that knocked out everything from retail orders to banking services. Oh yes, the cloud casually tripped so the world decided to waddle for a few hours.
The S&P 500 has been climbing, so I hope your investments are looking good! Right here in Europe, things got a bit more regulated.
The EU’s new Political Advertising rules just kicked in, so we’ll finally get to see who’s paying for all those ads. About time, right?
On a more somber note from my home country, former Kenyan PM Raila Odinga sadly passed away while visiting Kerala.
Japan just opened the world’s first carbon-negative theme park, every rollercoaster ride plants a tree.
Let's get into the rest...
Our Money, Our Risk, Real Investment, No Advice
We pledged approx. €6000 for you to see the ups 😀 and downs 👎 And Bitcoin despite the recent rally has not recovered fully
Market Watch
Didn't the stock market get the memo about all the vibes being off lately? Despite lingering concerns over a U.S. government shutdown, continued trade tensions with China, and a little whisper of new regional bank jitters (because we definitely needed that), U.S. stocks wrapped up the week higher. The S&P 500 bounced back, fueled primarily by a stronger-than-expected start to the Q3 earnings season, about 85% of early-reporting companies are 'beating estimates.' Federal Reserve Chair Jerome Powell also chimed in with dovish comments, suggesting rate cuts are still on the table due to a "weakening labor market," which helped Treasury yields (and borrowing costs) drop, with the 10-year yield hitting its lowest point in a year.
