Happy Tuesday CEO!

These 5 things happened while you were growing your empire…

1. 📉 Markets Opened To A Meh

The first day of trading this year was pretty lackluster. Stocks slipped, including the S&P 500 and the Nasdaq Composite, although oil prices rose 2%. Another surprise: A Bitcoin bump. Read more here.

2. 🤑 Companies Lost Pricing Power

Even though we’ve seen years of strong consumer spending, a slew of companies, from FedEx to Target, are cutting their sales outlooks. The simplest read is that it’s time to cut costs. Read more here.

3. 😬 X Value Fell 71%

The latest valuation of Fidelity’s stake in X indicates that its worth about 71.5% less than when Elon Musk bought it in 2022. Fidelity only has a small stake but we can extrapolate from there. Read more here.

4. 🍎 Apple Hurting From Downgrade

Apple stock took a 3.6% hit after Barclays downgraded it this week. Their major concern is an expectation that demand for the latest iPhone will be soft. Read more here.

5. 📰 An AI Battle Is Brewing

If you’re interested in the copyright issues surrounding AI, absolutely keep an eye on the New York Times’ lawsuit against OpenAI and Microsoft. It’s shaping up to be the biggest copyright battle of 2024. Read more here.

Produced by: @MarketingMax​

Thanks for being an important part of my journey 🙂 

Forwarded this email? Signup here