AI Giants Can Learn a Thing or Two From Mark Zuckerberg

Published on August 26, 2024

Mark Zuckerberg may have a history of copying of others’ ideas, but when it comes to navigating the generative AI hype cycle, he’s the one forging a smarter path.

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Durable Goods Orders: July 2024

August 26, 2024
New orders for manufactured durable goods rose to $289.65B in July, the highest level since November. This represents a 9.9% increase from the previous month and better than the expected 4.0% growth. The series is up 1.3% year-over-year (YoY). If we exclude transportation, "core" durable goods were down 0.2% from the previous month and up 0.6% from one year ago.

Powell Ignored the Elephant in the Fed’s Jackson Hole Lodge Jonathan Levin

August 26, 2024
Federal Reserve Chair Jerome Powell on Friday removed all doubt that interest rate cuts are just around the corner. “The time has come for policy to adjust,” he said at his much-hyped annual speech in Jackson Hole, Wyoming, setting off a knee-jerk rally in stocks and bonds.