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- Rippers Weekly Recap 08/31
Rippers Weekly Recap 08/31
StockMKTNewz Evan
August 31, 2024
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Hey everyone, it’s @StockMKTNewz Evan!
I spend 70 hours every week looking for news so you don't have to. That causes me to tweet a lot which can be hard to keep up with. Having somewhere to put all the major stories in 1 easy to view place is really valuable, and that's why I make this newsletter!
How The Stock Market Performed Over The Past 5 Days
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This Week's Major Headlines
JUST IN:
Warren Buffett's Berkshire Hathaway $BRK.B just hit a $1 Trillion market cap for the FIRST TIME EVER
— Evan (@StockMKTNewz)
1:42 PM • Aug 28, 2024
JUST IN:
APPLE $AAPL IS IN TALKS TO INVEST IN OPENAI
The investment would be part of a new OpenAI fundraising round that would value the ChatGPT maker above $100 Billion. It couldn’t be learned how much Apple or Microsoft will invest into OpenAI this round - WSJ
— Evan (@StockMKTNewz)
5:46 PM • Aug 29, 2024
NVIDIA $NVDA JUST REPORTED EARNINGS
EPS of $0.68 beating expectations of $0.64
Revenue of $30B beating expectations of $28.7B— Evan (@StockMKTNewz)
8:20 PM • Aug 28, 2024
Nvidia $NVDA just said it thinks the money it will get from selling to governments will hit low double digit Billions this year
— Evan (@StockMKTNewz)
9:13 PM • Aug 28, 2024
AMAZON TURNS TO ANTHROPIC'S AI FOR ALEXA REVAMP
Amazon's $AMZN revamped Alexa due for release in October will be powered primarily by Anthropic's Claude AI models, rather than its own AI
Amazon plans to charge $5 to $10 a month for its new "Remarkable" version of Alexa as it… x.com/i/web/status/1…
— Evan (@StockMKTNewz)
1:29 PM • Aug 30, 2024
US 🇺🇸 GDP for Q2 (Second Reading) came in at +3% above expectations of 2.8%
— Evan (@StockMKTNewz)
12:31 PM • Aug 29, 2024
Intel $INTC is working with investment bankers to help navigate the most difficult period in its 56-year history
Intel is reportedly discussing various scenarios, including a split of its product-design & manufacturing businesses, as well as which factory projects might be… x.com/i/web/status/1…
— Evan (@StockMKTNewz)
3:16 AM • Aug 30, 2024
🇺🇸 UNITED STATES AFFIRMED AT AA+ BY FITCH; OUTLOOK STABLE
— Evan (@StockMKTNewz)
4:57 PM • Aug 29, 2024
JEROME POWELL AND THE FED'S PREFERRED INFLATION INDEX JUST RELEASED
🇺🇸 PCE for July just came in at +2.5% YoY in line with expectations (+0.2% MoM in line)
🇺🇸 Core PCE for July just came in at +2.6% YoY below expectations of +2.7% YoY (+0.2% MoM in line) x.com/i/web/status/1…
— Evan (@StockMKTNewz)
12:32 PM • Aug 30, 2024
APPLE $AAPL ORDERS OVER 10% MORE IPHONES THAN LAST YEAR ON AI BET
Apple is telling suppliers to prepare components and parts for 88M-90M iPhones up from last year's initial orders for ~80M new iPhones - NikkeiAsia
— Evan (@StockMKTNewz)
2:00 AM • Aug 29, 2024
OpenAI just said ChatGPT now has more than 200 Million weekly active users and usage has doubled since last year - Axios
— Evan (@StockMKTNewz)
5:43 PM • Aug 29, 2024
THE BUFFETT CASH PILE IS QUICKLY ON ITS WAY TO $300B
Warren Buffett and Berkshire Hathaway $BRK.B filed for its sale of another ~24.7M shares of Bank of America $BAC for ~$981.9 Million (Pre Tax)
Berkshire has now sold more than $5 Billion worth of Bank of America since the end… x.com/i/web/status/1…
— Evan (@StockMKTNewz)
12:31 PM • Aug 28, 2024
SUPER MICRO $SMCI TO DELAY FORM 10-K FILING FOR FY 2024
Super Micro is down almost 9% in pre market trading on the news
— Evan (@StockMKTNewz)
1:08 PM • Aug 28, 2024
THE DOW JONES CLOSES AT A RECORD HIGH
— Evan (@StockMKTNewz)
8:06 PM • Aug 26, 2024
JUST IN:
Apple $AAPL announced Chief Financial Officer Luca Maestri will be leaving his role as CFO effective January 1st.
Kevan Parekh, Apple's Vice President of Financial Planning and Analysis, will become Chief Financial Officer and join the executive team.
— Evan (@StockMKTNewz)
8:33 PM • Aug 26, 2024
Eli Lilly $LLY released a new form of its weight loss drug Zepbound for ~50% its usual monthly list price - CNBC
— Evan (@StockMKTNewz)
12:13 PM • Aug 27, 2024
Facebook $META announced today a partnership to buy geothermal power from Sage Geosystems to supply its US data centers
The first phase of the 150-megawatt project should be operational by 2027. The location has yet to be determined, but the companies said it will be east of the… x.com/i/web/status/1…
— Evan (@StockMKTNewz)
8:58 PM • Aug 26, 2024
Tesla $TSLA aims to unveil its highly anticipated robotaxi at an event on October 10th at Warner Bros. Discovery’s movie studio in the Los Angeles area
The 110-acre lot holds 29 sound stages and has hosted famous productions from Batman to Friends - Bloomberg @elonmuskx.com/i/web/status/1…
— Evan (@StockMKTNewz)
7:46 PM • Aug 30, 2024
Google $GOOGL owned Waymo said today it will start offering curbside pickups and dropoffs at Phoenix Sky Harbor International Airport terminals 3 and 4 - Tech Crunch
— Evan (@StockMKTNewz)
5:34 PM • Aug 27, 2024
Get Prepared For The Week Ahead!
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