02-25-2023: "The North Korea of Banking"

Feb 25, 2023

01:02:13

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This week in the China Shop, the markets are pricing in more rate hikes after the latest economic data, ChatGPT writes an "interesting" article about a prison photo and Kyle finds out he's to blame for the interest rate hikes. In Stock News, Credit Suisse is in hot water again, big corporations are embracing solar and Carvana reports massive losses. Over in the Crypto Corner, NFT sales soar (but only for one brand) and in The Bet, Dan scours the charts for a pick to carry the bulls down the home stretch.

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Links:

Treasury Yields Rise after Fed's Preferred Inflation Gauge Shows Larger than Expected Increase

Further Rate Hikes Expected

Men Leaving the Workforce in Their Prime Contributing to Fed Raising Rates?

ChatGPT Muses on Prison Photo

AI Coming for Our Jobs?

Credit Suisse in Trouble... Again...

Adobe's Figma Deal under DOJ Scrutiny

Big Corporations Embracing Solar

Carvana Reports Massive Losses in Earnings Statement