autonomous_m / Autonomy 🧿 is on Nostr

Autonomy: Financial Immersion for digital natives

Last Notes

2023-02-10 14:25:48

🌞GM🌞 Happy Friday!
Super Bowl coming up and a the ads are decentralized but mostly alcohol related. 🍻
Crypto gets the bank treatment. 🙅‍♀️
Pete Davidson moves tacos in size. 🌮
Lets dive in 🤿
Economy📊
Retirement: There's a near-universal agreement among economists that we’ll all need to work for longer, save more or receive less. Reform efforts, such as raising the retirement age, are largely unpopular. (BBG)
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The cost of a commercial during Sunday’s big game is around $7 million for a 30-second spot—about three times what it was in 2007. That comes despite a steady drop in television viewership. (WSJ)
Autonomous Note 🧿
As the American economy's biggest spectacle, the game is regularly parsed for investing clues. Financial reporters still dredge up the Super Bowl Indicator, an unscientific barometer that purportedly predicts the stock market’s direction based on which football conference’s team wins the game. A far more useful signal can be found in between the action.
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Markets 💹
"60/40" portfolios post best start to year since 1991 (BofA)
🧿We're talking about portfolio building and some decision making processes today. Stay tuned.
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Ending the Yeezy deal left Adidas with a billion-dollar problem. The German sportswear giant faces its first loss in more than three decades if the stock is left unsold. (QZ)
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Trends 🪐
There’s light in the solar system coming from nowhere. After accounting for all the known sources of light, a glow equivalent to 10 fireflies in a dark room remains unexplained. (PM)
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A Waitlist of 60,000: Why Women Are Flocking to This Members-Only Club. (BBG)
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Pete Davidson helped Taco Bell sell more breakfast. The fast food chain credited a 9% increase in its morning sales to an ad featuring the comedian. (QZ)
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Digital Assets⚡️
Crypto exchange Kraken has settled with the SEC and agreed to shutter its staking service, as well as pay $30 million in disgorgement and civil penalties. (The Block)
Coinbase Drops Most Since July as SEC Cracks Down on Crypto Staking (BBG)
🧿 The gut-wrenching declaration that staking activities need to end in the US by non-banking entities is a major blow for centralized exchange businesses like Kraken, Coinbase, Binance etc. This new wave of regulation-by-enforcement is harsh, expensive and incredibly difficult to navigate. However, the additional clarity that this brings to the market should speed up the adoption and utility of blockchain technology by drawing clearer lines between market making and banking.
#news

2023-02-09 20:28:55

Oops. That test went bad sorry world.

2023-02-09 20:26:30

Good afternoon! #nostr Autonomy here with a daily briefing for those looking to immerse themselves in the global investor’s perspective.
Let’s dive in 🤿
Digital Assets⚡️
Several countries are making headway on crypto regulation. South Korea, India, and Italy are thinking about cryptocurrency laws. (CB)
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Hermès wins lawsuit over MetaBirkin NFTs (BBG)
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Technology 🦾
Googles shares stabilized in premarket trading after falling 7% Wednesday. The company showcased its chat AI after rival Microsoft said it would use ChatGPT in its Bing search engine. (WSJ)
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Uber reported a record $8.6B in quarterly revenue, with CEO Dara Khosrowshahi saying it was the company's strongest quarter ever. That record represents a 49% jump on the year and was made possible by 131M customers hailing 2.1B rides — up from 1.7B a year earlier (NYT)
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Banking 🏧
Goldman is shrinking Marcus, its consumer-banking business. But it is doubling down on GreenSky, a home-improvement lender it bought last year. (WSJ)
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First Abu Dhabi Bank is pressing ahead with a potential offer for Standard Chartered, seeking to become a global financial powerhouse. (BBG)
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Trends 🍊
OJ is expensive. Florida orange growers are harvesting their smallest crop in nearly 90 years, the result of an ill-timed freeze, two hurricanes and citrus disease. Short supplies have lifted frozen concentrate orange-juice futures to near records. (WSJ)
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Markets 💹
Corporate bonds have bounced back after a horrible 2022, reflecting traders’ improving conviction that businesses will withstand any coming economic downturn with limited stress. (WSJ)
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Money managers have cut $300 of bearish bets robbing the market of demand just as the Federal Reserve warns its inflation-fighting battle is far from over. (BBG)
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#news #markets #autonomy #info

Will start posting a financial digest here every morning. See if y’all like it! #news

2023-02-09 20:14:03

Is anyone out there 🖖🏻