September 2023
FTX & Alameda Research Last Days: “I guess, mostly I wanna say, like, I’m sorry. Alameda will likely wind down once we can, like, repay all of our creditors and sort of wind down a bunch of our, like, whatever remaining obligations we have.”
WGA-AMPTP joint statement: The Writers Guild has reached a tentative agreement with the Alliance of Motion Picture and Television Producers to end its strike after nearly five months. Details here.
After 70 years, Rupert Murdoch News Corp and Fox succession goes to son Lachlan. For now. Lachlan's brother James has options.
Jay Powell higher for longer rate stance is tough for Fed haters, but he's as cool as they come and will win this inflation war.
Fed's thankless inflation fight continues, and despite headlines screaming Higher For Longer, the worst may be over. Here's a rundown.
Figure didn’t withdraw its bank charter application because it couldn’t become a bank. It no longer wants to be a bank. Here’s why.
CPI inflation 3.7% as of Aug 2023, and 4.4% if you exclude food and gas. Here’s all of it in 1 chart
A spike in gasoline prices was largely responsible for a 3.7% annual increase in the consumer price index for August 2023. And here's a single view of all the items comprising inflation as of August 2023
23% of homebuyers under 30 used a cash gift from family for down payment, and another 21% used inheritance money.
29% of workers quit jobs within 1mo of first promotion. This is 6X more likely with lower paid jobs. Solution: give more raises.
Apple pays $5m for Michael Lewis ‘Going Infinite’ book (due Oct 3) on Sam Bankman-Fried crypto grift
Details on Michael Lewis Sam Bankman-Fried book about rise & fall of FTX. Book release Oct 3, Apple productions to follow. Also 3 fun facts on Hollywood media.

The low- to no-work Friday feels more like a seasonal slacking story than a trend. And quiet quitting plays for social media climbers but hobbles corporate climbers.
A Thumbtack survey of workers age 18-30 showed encouraging positivity about careers in skilled trades like home building and renovating. Here are a few key findings.
Americans' homes are worth more than ever, but home equity loans have plummeted as rising rates make them too expensive
Wealthy clients discussing investments with Morgan Stanley financial advisers can soon elect a chatbot listen in follow up with recommendations. How does it work? Will people be open to this?
Barbenheimer mortgage comparison: in Hollywood, AI and streaming won't replace moviegoing just like AI and fintech won't replace smart advice.

