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Market Headlines 👀 

• U.S. Federal Reserve lowered interest rates by .25 basis points today, marking the start of its long-anticipated easing cycle.

• US retail sales data: beats expectation with a +0.6% for August est; +0.2%.

• US Federal Reserve Bank of Atlanta has updated its Q3 GDP estimate, now projecting 3.4% growth—reflecting stronger-than-expected economic momentum.

• Nvidia (NVDA) China has reportedly advised domestic firms to avoid purchasing chips from Nvidia.

• Coinbase (COIN) Google has announced plans to expand its AI protocol to support cryptocurrency payments, including a new integration with Coinbase.

• Alphabet (GOOGL) San Francisco Mayor Daniel Lurie announced that SFO has signed a Testing and Operations Pilot Permit with Waymo, paving the way for autonomous vehicle operations to begin at the airport

• CrowdStrike, Nvidia (CRWD, NVDA) announces an expansion of its strategic partnership, with the goal of developing a more secure and scalable agentic AI ecosystem.

• Fiverr (FVRR) announces company wide layoffs affecting about 30% of its workforce.

• Tesla (TSLA) partners with Uber Freight to accelerate the rollout of its electric Semi trucks

Earnings 💸

• FedEx (FDX) earnings Thursday.

A note from The Pacaso 📣

How 433 Investors Unlocked 400X Return Potential

Institutional investors back startups to unlock outsized returns. Regular investors have to wait. But not anymore. Thanks to regulatory updates, some companies are doing things differently.

Take Revolut. In 2016, 433 regular people invested an average of $2,730. Today? They got a 400X buyout offer from the company, as Revolut’s valuation increased 89,900% in the same timeframe.

No wonder 10K+ everyday people are taking the chance on Pacaso.

Founded by a former Zillow exec, Pacaso’s co-ownership tech reshapes the $1.3T vacation home market. They’ve earned $110M+ in gross profit to date, including 41% YoY growth in 2024 alone. They even reserved the Nasdaq ticker PCSO.

The same institutional investors behind Uber, Venmo, and eBay backed Pacaso. And you can join them. But not for long. Pacaso’s investment opportunity ends September 18.

Invest While You Still Can

_{Paid advertisement for Pacaso’s Regulation A offering. Read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals.}

S&P 500 Heatmap 🔥 

Movers and Shakers 📷 

📈 Top Gainers

❇️ $WDAY ( ▲ 0.05% )(Workday): Gained after news that Elliott Management acquired a stake and praised management’s strategy.
❇️ $LYFT ( ▲ 2.82% )(Lyft): Rose following a new collaboration with Waymo to launch robotaxi services in Nashville.
❇️ $BABA ( ▲ 0.2% )(Alibaba): Advanced as China Unicom announced plans to acquire its artificial intelligence semiconductor business.

🔻 Top Decliners

🔻 $NVDA ( ▲ 0.24% )(Nvidia): Dropped as China prohibited sales of its chips to local tech firms, pressuring the broader semiconductor sector.
🔻 $UBER ( ▲ 4.02% )(Uber): Declined after competitor Lyft’s deal and ongoing concerns about regulatory headwinds.
🔻 $ORCL ( ▲ 4.06% )(Oracle): Fell as traders took profits following a recent rally and cautious analyst commentary.

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Recap Around the Street 🧠

Key highlights from the US Fed meeting today:

Latest US Fed dot plot after today’s meeting, highlighting two more cuts of .25bps for the year.

Market Preview 🎞️ 

• Thursday, September 18th: Weekly US jobless claims; Philadelphia Fed index

• Friday, September 19th: Quad witching options expiration; S&P 500 rebalance

Enjoy reading?👇

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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