Plus, Eurozone alarms signals...
August 31, 2023 | Read Online | | | | | *past 24-hour performance |
| | Gabon coup to impact metals prices: Prices for manganese, a metal used in steel products, could rise after French miner Eramet (ERMAY) suspended mining operations in Gabon, which became the latest African nation to suffer a military coup (Marketwatch)
Throwing rocks: Manhattan federal prosecutors are investigating Tesla’s use of company funds on a secret project that had been described internally as a “glass house” for Elon Musk (WSJ) Credit card rate hikes: Visa (V) and Mastercard (MA) are planning to increase credit card fees for merchants starting in October and April. The changes could result in merchants paying an additional $502 million annually in fees (WSJ) Salesforce leans into AI: Salesforce (CRM) shares popped after it said its profit expanded last quarter as it cut costs and leaned into new products that incorporate AI (Yahoo)
Eurozone alarm signals: The eurozone’s inflation rate in August came in higher than expected, remaining at the same level as July, a sign the European Central Bank may be on course to press ahead with a further interest-rate hike in September (WSJ)
Big money to battery recycling: Redwood Materials, a battery recycling startup founded by Tesla's former CTO, has raised $1B. The company is now valued at $5B (Electrive)
Labor market officially at pre-pandemic levels: The U.S. job market in August added 177,000 jobs, missing estimates by 23,000 jobs. The figure is a significant decline from the 371,000 jobs added in July (Axios)
UBS posts record profits: Switzerland’s UBS Group (UBS) has posted the largest quarterly profit ($29 billion) on record for a lender as a result of the emergency takeover of rival Credit Suisse (CNBC) | | | | | The U.S. Dollar just received its death sentence | A top Saudi official just confirmed they're open to selling oil in other currencies. Whether sales are replaced with a digital yuan or some other CBDC... an IMF-controlled currency... or even the Euro - remains to be seen. | But what's even more surprising? There's an even bigger story happening behind the scenes in gold. It's a development more than 70 years in the making... | And has the potential to send one specific type of gold investment (like this $5 gold opportunity) soaring. | SPONSOR |
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| | | Embracing sabbaticals, sunsetting retirement age: The retirement system is broken. Most rapidly aging developed countries try to balance the budget by increasing the retirement age — leading to massive unrest such as in France earlier this year. But, is there a chance for a better solution that would be attractive to voters and better for the economy? Read more » | Money is the biggest point of contention in relationships, new survey shows: In today’s high-inflation world, finances are an unending source of stress for many Millennials and Gen Z who are priced out of the housing market and battling higher costs for everyday items. About one third of respondents in a new study said they had ended a relationship over disagreements about money. And more than 40% say they fight about finances on a monthly basis. Read more » | |
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| | Google made a watermark for AI images that you can’t edit out (The Verge) Xi likely to skip G20 meeting in India, preventing a Biden meetup (Reuters) Why the first auction for offshore wind in the Gulf of Mexico was a bust (Semafor) OpenAI is on track to scrape together $1 billion in annual sales from ChatGPT (Insider) McConnell again freezes for 30 seconds, still plans to serve his term (Politico) | | | | | Shocking Footage from San Francisco Reveals Elon's New Project | A legendary investor just released this shocking footage from the streets of San Francisco – revealing Elon Musk's “project Omega.” | If you don't know what I'm talking about, it's not your fault… the mainstream media isn't covering this story. | But every American deserves to see what's happening because this is guaranteed to affect all 331 million Americans one way or another. | Click here now and learn how to prepare. | SPONSOR |
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