🗓️ This Week in The Markets
Macro/Market News
On Wednesday, Fed Chairman Jerome Powell announced another 0.25% cut to the federal funds rate - the third consecutive cut!
President Trump signed an AI regulation order that blocks states from enforcing their own AI regulations.
It’s rumored that OpenAI won’t be the only trillion-dollar IPO in the near future. According to Bloomberg, SpaceX is eyeing a potential $1.5T IPO that would raise more than $30B!
Company Specific News
Google’s Waymo (Ticker: GOOG) has recently surpassed 450k weekly autonomous taxi rides.
According to Reuters, Tesla's domestic vehicle sales have hit a 4-year low, as the automaker’s sales dropped by 23% year-over-year.
A first of it’s kind deal was inked between OpenAI and Disney, with the entertainment giant licensing roughly 200 characters to OpenAI for use in Sora.