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Podcast: c2stories
Episode: Payback for FTX (literally)
Description: Major stock indexes are nearing record highs, with the Dow Jones up 0.85%, fueled by expectations of Fed rate cuts and strong corporate profits. Warren Buffett trimmed his Apple holdings by $20 billion but still has a 40% stake, and is holding $182 billion in cash, suggesting the market may be overvalued. Jobless claims rose, signaling a cooling labor market, while consumer credit demand was weaker. Shopify lost $270 million in Q1, dropping shares 19%, while FTX customers are set to get funds back with interest after the crypto exchange's collapse, through asset sales including stakes in AI firm Anthropic.
Bulletin Brief<...