@ProfGMarkets

Prof G Markets is your daily briefing on the news moving markets — from earnings and geopolitics, to Big Tech and AI. Hosted by @profgalloway and @edels0n

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Joined March 2021
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1.2KMedia

Higher Rates Are Pressuring Stocks and Creating an Opportunity in Bonds

The third quarter ended last week, and a lot has changed in the markets. While macroeconomic data still looks strong — GDP was revised up to 2.2% growth and the unemployment rate has hovered near it…

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Nobody Wants a Data Center. Wall Street’s Finally Listening

The backlash against data centers is starting to worry Wall Street.

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The AI App That Beat ChatGPT

While the race between Anthropic and OpenAI is capturing most of the headlines in tech, another company just released a serious AI product with less (initial) fanfare and doomerism.

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Canada’s Pivot: From America’s Closest Ally to Europe’s First Associate

The European Union just invited Canada to become its first associate member. The proposal came from the European Commission’s president, Ursula von der Leyen, during her State of the Union address. …

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The war with Iran is entering its seventh month, and the conflict is escalating yet again, pushing o

Last week, oil hit $110 a barrel for the first time since May, and diesel prices passed $6 a gallon for the first time in history. The spike came after the U.S. destroyed five Iranian oil tankers in r…

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Sam Altman Says This Is the Wrong Year for OpenAI to Go Public. Here’s Why.

There are two blockbuster IPOs on the horizon: OpenAI and Anthropic. Both companies are reportedly preparing to go public — Anthropic, as soon as November, and OpenAI in 2027 — and they could be t…

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The Market Just Hit Record Highs. Where Does It Go From Here?

Last week, the S&P 500 hit fresh record highs … twice. On Tuesday, the index climbed nearly 2% to its first record close since June, and the following day it notched another intraday all-time high. …

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The Big Tech Earnings Scorecard

Capital expenditures guidance and commentary moved markets this earning season — and shaped analysts’ outlook on the broader AI economy. The numbers were astonishing: Amazon, Google, Microsoft, an…

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How Leveraged ETFs Crashed South Korea’s Stock Market

South Korea’s main stock index, the KOSPI, fell 44% from its June 19 high last week — its worst crash since the Great Recession. Then, on Friday, after bullish reports of AI demand from Big Tech f…

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OpenAI Could Miss Its 2030 Revenue Forecast by 70%. Here’s Why

It was another terrible, horrible, no good, very bad week for OpenAI. The company was caught selling advanced AI models to Chinese firms blacklisted by the Pentagon, its first AI device leaked (it’s…

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The Great Brotation

The crypto market has now erased more than half of its value in the past eight months, and bitcoin ETFs have seen $8 billion in outflows in the past eight weeks. Meanwhile, AI has become the new front…

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Who Decides What SpaceX Is Worth?

SpaceX officially joined the Nasdaq 100 last week. It qualified under new fast-track listing rules, which reduced the required trading history from at least three months to just 15 days and eliminated…

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