OPEC+ is planning on cutting oil Production. This of course sent energy stocks like Exxon and Chevron to the moon.
Average home prices have risen for the first time in nearly seven months.
The WWE and the UFC are joining forces and plan to become a singular publicly traded company. The new ticker is set to be TKO. This is a big deal both financially and morally. The valuation of TKO is going to be worth $21B and it has investors salivating at
the mouth. The moral piece is that two very broad-reaching companies are joining forces and their main source of revenue is getting people to pay to see other people beat the crap out of each other. There is great reason for intense reflection on our corrupt human nature when faced with the reality that we are willing to pay to see another human being get hurt. I know it is important for people, especially young men, to know how to fight and be skilled in forms of martial arts…but do we need to
make it into a Billion-dollar spectator sport?! Maybe I am being too harsh, but it seems pornographic…
Regardless of how you feel about TKO morally, it seems very likely that TKO may become one of the top-grossing sports companies in the world.
Googling is a verb that may be going extinct. The search titan is nervous about losing its dominant position on the internet for a few reasons; Microsoft and AI powerhouse ChatGPT teaming up, GenZers preferring search things on TikTok and Instagram, and
everyone complaining that ads have ruined Google. In response, Google is revamping its search platform to include Instagram-like stories, flight price guarantees, and expert reviews.
Tesla grew quarter one deliveries by 4% but that was not enough to appease investors so the stock sunk by 7%. Speculation is a hard mistress to please!!
Italy is the first Western country to ban ChatGPT
over privacy concerns. Surprise, surprise, AI needs to spy on you so it can “learn.” Others will probably follow.
Probably to the secret delight of
Jerome Powell and the Fed, tech layoffs have now spread to the food sector. McDonald’s will be laying off a good portion of its corporate workers.
Supply Chain woes are dwindling, and it is primarily showcased in the car industry. GM for one grew 18% last quarter thanks to a
massive 600K deliveries.
Sad Fact: in 2019 Lego asked Us kids what they wanted to be when they grew up. The top answer was YouTuber for kids ages 8-12…SMH
Finland has joined Nato. This expands the NATO border with Russia by almost doubling its size. Finland has been a member of the EU but they were one of six nations that were a part of the EU
without joining NATO. In terms of US politics many conservatives are wondering if Finland will pay their share or if it is just another country for the US to support.