🎊 DOW hits a new high

Good morning investors! The market was mixed yesterday with some good reasons to celebrate.

Today we cover:

• Apple announces new event

• DOW hits a new high

• Walmart offers more perks

📊 Economy and News 

Prepare for another Apple event

Apple has revealed the date for its next major event, where the highly anticipated iPhone 16 is likely to be unveiled.

On Monday, September 9, the tech giant will host a special event under the tagline "It’s Glowtime." This event will be held at 10 am PT at the Steve Jobs Theater in Apple Park and will also be available for online streaming.

The meaning of “glowtime” remains unclear, but it's widely expected that the latest iPhone will prominently feature embedded artificial intelligence.

During June's Worldwide Developers Conference, Apple introduced a range of generative AI features for the iPhone. These tools, powered by “Apple Intelligence,” include personalized Genmoji—AI-generated emojis—and an enhanced version of Siri capable of answering complex questions about your schedule, emails, and even tracking the arrival times of your loved ones' flights.

While users of the iPhone 15 Pro Max might gain access to some of these AI features, the iPhone 16 is anticipated to be the first model fully designed with AI integration in mind.

At the same conference, Apple announced a collaboration with OpenAI, the creator of ChatGPT, despite OpenAI facing its own challenges and scrutiny.

One of the biggest questions surrounding the new device launch is its pricing. For years, Apple enthusiasts have debated whether iPhones should be more affordable, while investors prioritize higher profits. Although CFRA does not expect a significant price increase for the iPhone 16, the addition of AI capabilities might lead to a general rise in prices.

Apple's entry into artificial intelligence is expected to be closely linked with Siri, the company’s virtual assistant.

Meanwhile, competitors like Samsung have already ventured into the generative AI space, with features like the “circle to search” function, allowing users to quickly search for information on a device's screen using a simple finger gesture.

Global hits:

• Oil prices to remain elevated as Middle East tensions threaten a wider conflict, CBA analyst warns.

• After an intense weekend of negotiations in March 2023, UBS agreed to buy its embattled rival Credit Suisse.

• Canada imposes a 100% tariff on imports of Chinese-made electric vehicles, matching the U.S.

Telegram arrest: Telegram CEO Pavel Durov was arrested at an airport near Paris on Saturday night and taken into custody over alleged offenses linked to the messaging app.

The 39-year-old Russian-born billionaire is accused of not adequately addressing the misuse of his platform for criminal activities.

Durov’s detention raises questions about whether tech bosses should be responsible for the content on their platforms, a prospect Telegram called “absurd” in a statement issued Sunday defending its CEO.

📈 Stocks

S&P 500 5,616.84 (-0.32%)
DJIA 41,240.52 (+0.16%)
NASDAQ 17,725.77 (-0.85%)
BRENT CRUDE 81.44 (+3.05%)
* Prices as of Mar 3rd, 12:20 AM UTC

Dow hits a new high

U.S. stocks ended Monday with mixed results as investors turned their focus to an upcoming key earnings report and a range of economic data expected later this week.

The Dow gained 65 points, or +0.16%, closing at a new record high of 41,241.

Global markets have been highly volatile this month. Japan's Nikkei 225 index plummeted, and U.S. stocks tumbled in early August due to the unwinding of the yen carry trade and a weak U.S. jobs report that fueled fears of a recession. Additionally, mixed earnings reports from Big Tech companies, which have dominated the market this year, contributed to the decline.

However, the situation has shifted once again. All three major U.S. stock indexes have not only recovered their losses but are now on track for monthly gains. A series of reports indicating cooling inflation has boosted investor optimism that the Federal Reserve might start cutting interest rates next month, following an extended period of rate hikes that brought them to their highest levels in decades.

Investors are now eagerly anticipating Nvidia's earnings report, set to be released on Wednesday afternoon. Shares of the chipmaker fell 2.3% on Monday, but the stock remains up an impressive 155% this year as investors continue to bet on the growth of artificial intelligence and the companies driving this technology forward.

Walmart gets more attractive: We don’t believe in useless subscriptions but this one might be worth it as Walmart has added new perks to Walmart+:

• Subscribers will get 25% off of Burger King orders made through the BK app.

• Hungry shoppers will be eligible to receive a quarterly Whopper at no charge.

• Early access to special deals.

• Easy returns with free shipping.

• Free access to Paramount+ at no additional cost.

• Members get a 10 cent discount on every gallon of fuel they purchase at Exxon and Mobil gas stations, as well as 5 to 10 cents off of every gallon they buy at Walmart and Murphy’s stations.

Costing $12.95 per month or $98 for an annual membership, see if this is worth the price.

💵 Personal Finance

Use AI to generate content and make money

AI can be used to generate all kinds of content from written blogs to audio posts to images. Some argue that AI is making people jobless but we argue that it is only offering more opportunities to make money.

Here are some of the best tools to get started:

• Writing: ChatGPT can be used to write everything from blogs to eBooks to YouTube scripts. The basic version of the tool is free to use but you can also get your hands on the paid version to get access to the latest information and come up with even better content. Those who want something different can try GrowthBar, which is said to be suitable for marketing and SEO content such as product descriptions and sales emails.

• Graphics: Starting at $20.99 per month, Adobe FireFly comprises a collection of AI design tools capable of generating stunning text effects, transforming text into images, and recoloring vectors to create a wide range of color variations. Those who want a free tool can try MidJourney, which also has a paid version. It works in a similar fashion but isn't as neat as FireFly.

• Audio: The first AI audio tool, LANDR is an AI-powered audio tool that allows you to create, collaborate, master, distribute, and promote your music. Used by names like Lady Gaga, Gwen Stefani, Snoop Dogg, and Seal, it can automatically create personalized masters based on your music with amazing precision. Those who want to concentrate on podcasts can try Descript. Another of our favorites is Listnr, which can convert text to speech and speech to text. Plus, it even comes with voice cloning capabilities.

• Video: Pictory is an AI video generator that enables you to easily create and edit high-quality videos. This powerful tool can even turn articles into videos. Those who want something more authentic can try Synthesys with 69 real Humatars and more than 140 languages.

Content created through these tools can be sold on Amazon, uploaded to your website, put up on social media, etc.

💰 Be a Better Investor

Resources:

• Calculators

• Make Money in Retirement

• Side Hustle Ideas

• Stock Deep Dives

• Investing 101 videos

👩🏽‍⚖️ Legal Stuff
Nothing in this newsletter is financial advice. Always do your own research and think for yourself.

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