Hello C3 Family!

AI learns by subjecting Kenyans to depraved content.

Stories of the Week

Quick Hitters

My favorites are highlighted in RED

• The S&P 500 killed in July finishing up with a 15-day win streak. Soft Landing for the economy is officially in sight, or so the Fed thinks!

• Barnes & Noble is coming up with creative ways to combat Amazon, like making their stores in LA have a different vibe and selection then their stores in Cleveland. However, the smaller independent bookstores that were once a dying breed because of B&N are now thriving because people like when they can shop at a place not owned by Jeff Bezos.

• Palantir is the latest company to get a big AI boost. some are dubbing the company the "Messi of AI."

• Biden is launching a new SAVE plan for student loan repayments. Since his loan forgiveness plan was struck down by SCOTUS, this SAVE plan is the next effort from the Biden admin to give borrowers reprieve. The plan details can be found HERE. There will of course be many legal challenges coming for this plan!

• A nuclear reactor that was built from scratch just got turned on and it is supplying power to 500,000 homes in Georgia, Florida and Alabama. This reactor is the first to be turned on in the US in decades. The reactor is the third owned by Vogtle and they plan on opening a 4th in the spring.

• Google had its highest close in more than a year because its earnings report was so bullish. All that talk about engine rivaling Google has fizzled out.

• Yellow, the trucking company not the color, just went bankrupt marking the biggest failure for the transportation industry in history. Yellow employed over 30,000 people. the bust came because of many failed acquisitions and Covid struggles.

• Despite the Barbie moving being hated by half the country for feminists' tropes, it is still closing in on $1 billion at the box office. 

• Steven Cohen, the hedge fund billionaire who bought the Mets and spent $364 million on star power is all but admitting defeat. The big spending was done in hopes of cultivating a sure fired winning season, but it turns out money can't buy sports championships as the Mets have dismal playoff hopes.

• There are currently six African countries that are being led right now by military takeovers. This makes West Africa, where the countries are located, the longest stretch of land in the world right now that is run my military coups.

• The Labor Market is cooling but, July still added about 200,000 new jobs.

• President Donald Trump's political action committee has spent over $40 million in legal costs just in the first half of 2023. 

• Tupperware, the company, was on the verge of bankruptcy and still is, but the stock price has ballooned by more than 300%.why you ask? well, because stocks are abstract entities that are easily manipulatable and should be shunned from civilized society.