TLDR

MARKET RECAP → The S&P 500 (VOO) closed slightly lower on Thursday, pulling back from a record high as traders anticipate a crucial U.S. economic report on Friday.

ANTITRUST PROBES LAUNCH → 🚨 U.S. regulators targeted Nvidia (NVDA), Microsoft (MSFT), and OpenAI in antitrust probes, shaking up the tech world by ensuring these AI giants play fair in their competitive sandbox.

FTC TARGETED SOUTHERN GLAZER'S ALCOHOL DEALS → 🛑 The FTC sued Southern Glazer's for anti-competitive practices, aiming to dismantle their market dominance and promote fair competition in the alcohol distribution industry.

AMERICAN AIRLINES FLIGHT ATTENDANTS NEGOTIATE RAISES → ✈️ American Airlines' (AAL) flight attendants fought for better pay and benefits amid stalled talks, with the union ready to strike if necessary for a fair deal.

Was this email forwarded to you? Sign up for free here.

MARKETS

Today’s S&P 500 Heatmap

Notable Earnings This Week

TODAY’S TOP NEWS

Antitrust Probes Launch

🛑 Regulatory Spotlight: U.S. regulators initiated antitrust probes into Nvidia (NVDA), Microsoft (MSFT), and OpenAI, scrutinizing their market practices for potential anti-competitive behavior. This action reflected increased governmental vigilance over major tech players' market dominance.

🔍 Market Impact: The probes targeted Nvidia's AI chip monopoly, Microsoft's strategic acquisitions, and OpenAI's market position. These investigations aimed to ensure fair competition and prevent monopolistic control in the rapidly evolving AI sector.

💡 Tech Industry Ripple: The move highlighted the fierce competition and regulatory challenges in the AI industry. It underscored the balance regulators seek between fostering innovation and maintaining competitive markets.

TODAY’S TOP NEWS

FTC Targeted Southern Glazer’s Alcohol Deals

🛑 Regulatory Crackdown: The FTC filed a lawsuit against Southern Glazer's, the largest alcohol distributor in the U.S., alleging anti-competitive practices. The company was accused of unfairly dominating the market and stifling competition.

🔍 Market Maneuvers: Southern Glazer's allegedly used exclusive agreements and other tactics to block competitors, raising prices for consumers. The FTC aimed to dismantle these practices and restore fair competition in the alcohol distribution industry.

💡 Industry Impact: This lawsuit signaled increased regulatory scrutiny on monopolistic behaviors in the alcohol sector. It also highlighted the challenges smaller distributors faced in competing with industry giants like Southern Glazer's.

TODAY’S TOP NEWS

American Airlines Flight Attendants Negotiate Raises

✈️ Negotiations Took Off: American Airlines' (AAL) flight attendants and the company locked in heated negotiations, aiming for better pay and benefits. The flight attendants' union pushed hard for raises, citing inflation and rising living costs.

💼 Contractual Turbulence: Talks stalled over several key issues, including healthcare and scheduling flexibility. The union’s strong stance made it clear: no compromises on their well-being and work-life balance.

📈 Union's High Altitude: With negotiations ongoing, flight attendants showed solidarity, planning potential strikes to secure a fair deal. Their unified front hinted at a turbulent but potentially rewarding journey ahead.

BULL VS. BEAR

NOTABLE POSTS

KEEP READING

Oil prices gain for second day as ECB cuts rates, traders hope for Fed to ease in September (CNBC)

Robinhood bets big on crypto with $200 million deal for Bitstamp (CNBC)

Payhawk, a $1 billion corporate card startup, plans M&A shopping spree after 86% sales growth (CNBC)

Trump in liberal San Francisco for high-dollar tech fundraiser (CNBC)

India wants to be the next China. Half of its population holds the key (CNN)

Prisoners are using VR to prepare them for life after release (CNN)

Apple slashed iPhone prices in China. Sales are bouncing back (CNN)

Millennials think they have it better than baby boomers, study reveals (Fortune)

How to Turn $100 Into $1,000 (ML)

How to Raise Your Credit Score By 200 Points (ML)

WHAT WE’RE WATCHING

OUR FAVORITE TOOLS & RESOURCES

• Quiver Quantitative — Quiver allows retail investors to tap into the power of big data with insights into things like congressional trades as they are disclosed

• Perplexity — Perplexity AI is an AI-chatbot-powered research and conversational search engine

• The Market Ear — Live news, analysis and commentary on what moves markets and trading

• Coinmarketcap.com — Crypto market data

• Finviz — Financial visualizations

• Trading Economics — Economic calendar

• CME FedWatch Tool — Market-implied probabilities of future levels of interest rates 

• Dataroma — Track stock picks and portfolios of legendary value investors such as Warren Buffett

• ChatGPT — Large language model-based chatbot powered by generative AI

• Notion AI — Notion AI is a writing assistant that can help you write, brainstorm, edit, summarize, and more

• Vimcal — Lightning-fast calendar and AI scheduling assistant

The Bull vs. Bear Merchandise Promotion is a limited time campaign that begins on December 1, 2023 at 12:00 AM ET and ends on the date that there are no more Rewards. This Promotion is available to any registered MoneyLion user who is a legal resident of the 50 United States or the District of Columbia and who has reached the age of majority in their state as of the beginning of the Promotional Period. See terms and conditions here.

This advertising email was sent to you because you have a MoneyLion account. If you would like to unsubscribe, please do so using this link. We respect your right to privacy. Please do not reply to this email with sensitive information, such as an account number, Social Security number, date of birth, bank account information, PIN, password, or Online ID. The security and confidentiality of your personal information is important to us. If you have any questions or want to read more, please visit our Help Center.

MoneyLion and Pathward do not provide, nor do they guarantee, any third-party product, service, information, or recommendation. The third parties providing these products or services are solely responsible for them, as well as all other content on their websites. MoneyLion is not liable for any third party’s failure with regard to those advertised products, services, and benefits. These advertised products and services may not be FDIC insured or bank-guaranteed, and may be subject to a different privacy policy than MoneyLion’s. You should check individual offers, products, and services to become familiar with any applicable restrictions or conditions that may apply. MoneyLion may receive compensation from third parties for referring you to the third party, their products or to their website.

The influencer, creator and other content provided in the MoneyLion App (“Content”) is for informational and entertainment purposes only and should not be construed as legal, tax, investment, financial, or other advice. All Content is intended to be of a general nature, does not address the circumstances of any particular individual or entity, and may not constitute a comprehensive or complete statement of the matters discussed. MoneyLion is not a fiduciary by virtue of any person’s use of or reliance on the Content. You should consult an appropriate professional if you require any legal, tax, investment, financial or other advice.