08-12-2023: Portnoy Trades Places while Musk Moves on

Aug 12, 2023

54:38

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This week in the China Shop, inflation numbers come in as expected as economists predict a pause in rate hikes, while others warn the effects of QT will be felt soon. In Stock News, Zoom tries to end remote work for "nearby" employees, Penn sells Barstool back to Portnoy for a buck and Musk unloads the rest of the twitter branded stuff in an auction. Over in the Crypto Corner, SBF goes to jail for alleged witness tampering while the SEC delays a decision on yet another BTC ETF and in The Bet, Random goes full degen!

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Links:

Economist Says Fed Has Ammo to Pause Rate Hikes

Effects of QT May be More Apparent After Rate Hike Pause

More Inflation Numbers!

Zoom Wants Employees to Return to the Office?

Barstool Sports Sold back to Portnoy for $1??

NVDA Downturn Blamed on Cramer

Musk Dumps Remaining Twitter Branded Stuff in Auction

SBF Sent to Jail over Alleged Witness Tampering

SEC Delays Decision on Cathie Woods' BTC ETF