The Shit to Know Thursdays

Alright man , 

Another week, Plenty of shit to dive into and you know we got it all here for you.

Lock in, post up, LET’S DO IT!

Market Indices & Commodities

Finance
New Texas stock exchange aims to battle New York

The TXSE, which has raised approximately $120 million, is aiming to take on the NYSE and Nasdaq.

This has come from groups and individuals who have angered by the rising compliance costs and newer rules such as setting targets for board diversity. The backers of the TXSE claim to be more CEO-friendly. Makes sense as Texas is home to more Fortune 500 companies than any other state.

I’ve mixed feelings over this one. I love the idea of another stock exchange, hey more competition is always gonna benefit the users and the reasons to be pissed at the Nasdaq and NYSE are valid. However, anything that is heavily CEO-friendly probably won’t benefit the common joe. Who knows ? One to keep a eye out for.

War
Putin warns the West

Putin sends a warning to the West stating Russia could supply weapons to target the West in retaliation for Western aid to Ukraine. 

He criticizes the West for arming the Ukraine and suggests an asymmetric response. Putin denies Russian intentions to attack NATO territory but asserts Russia’s right to use nuclear weapons if threatened 😨

Pretty fucking scary shit. Hopefully this is just scare tactics.

Tech
Apple attempt AI catch up !

Huge news as Apple announced an array of generative AI upgrades to its software products, including Siri.

Apple’s caution and characteristic secrecy when introducing new upgrades has left them temporarily behind the likes of Microsoft in the AI arms race. The company now finds itself in the unusual position of having to take risks.

I love it, more options for us. My only worry is that I might have to take out a loan for the next iPhone with built in AI.

Tokyo
Tinder for Tokyo ?

This one is pretty funny in my opinion.

The Tokyo government aims to launch a dating app in order to curve the decreasing birth rates and marriage rates. Users will need to identify their single status, commitment to marriage ( sorry to all who started looking up flights) and proof of income (no brokies allowed )

Elon took to X and praised Japan for 'recognizing' the matter of dipping birth rates. Don’t know what it’s got to do with him ?

Trading
Nvidia going nuts !!

Nvidia is the gift that keeps on giving. Shares of Nvidia rose 5.2% to $1224.40, valuing the company at around $3.011 trillion!!

hat total puts the company just above Apple, which closed right around $3.003 trillion in market value, and behind only Microsoft. The last time Nvidia's value eclipsed Apple's was in March 2002.

Absolutely crazy stuff and just shows the power of the AI wave at the moment.

Politics
Republican leaders are calling for revenge

Republicans who view Donald Trump's felony conviction by a Manhattan jury as politically motivated are calling on GOP prosecutors to start charging Democrats with crimes.

In a podcast interview, Trump’s oldest son, Donald Trump Jr., said

This represents a show of loyalty to Trump, who has spent months calling the cases against him a form of partisan “election interference” and referring to President Joe Biden’s administration as “evil” and “corrupt.”

Thank you 
That’s all Folks

Just one more fucking day, I can smell it…