Welcome Back,

CPI comes in hotter than expected. Fed set to meet next Wednesday.

Market Headlines 👀 

• US CPI comes in at 3.7; est 3.6%. Gas prices are main contributor to the increase.

• JP Morgan (JPM) believes the Federal Reserve is done raising rates.

• Tesla (TSLA) meets with US senate over artificial intelligence developments, stating AI is a double edged sword.

• Amazon (AMZN) releases generative AI features to assist sellers generate product titles and listings.

• Citigroup (C) is planning major job cuts and restructuring its organization.

• Apple (AAPL) new iPhone max will be priced higher than last year. Phones to cost even more in China and India.

• Alphabet (GOOGL) is planning to cut hundreds of roles within its recruiting division.

• Tesla (TSLA) plans to buy up to $1.9b worth of auto parts from India.

• Binance CEO leaves the company, and firm plans to cut 1/3 of its staff.

  S&P 500 Heat Map

Recap Around the Street 🧠

Headline CPI : 3.7%; est 3.6%

Core CPI : 4.3%; est 4.3%. Highlights below.

Market Preview 🎞️

• Thursday, September 14th: Price producer index (PPI); Retail sales; weekly jobless claims;

• Friday, September 15th: University of Michigan sentiment; Empire manufacturing; Quad witching;

• US central bank speakers in blackout period ahead of next weeks FOMC meeting.

That’s all for today, folks! We’ll be back around the same time tomorrow with a curated list of important news, economic data and market highlights. 

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