10 Important Financial Events That Happened This Week:
1) The US Defense Department failed its audit for the 6th consecutive year.
2) SpaceX plans to sell shares next month at a $150 billion valuation.
3) Nvidia $NVDA crushes earnings yet again.
4) Argentina President Javier Milei confirms he will shut down the Central Bank, and plans to replace the Peso with the US Dollar.
5) OpenAI Drama: Sam Altman is fired from OpenAI, then hired by Microsoft, then 800 employees protest, then the Board of Directors resigns, then Sam Altman returns as OpenAI's CEO once again.
6) Microsoft $MSFT stock hits an all-time high.
7) Bitcoin $BTC hits a new high for the year and breaks $38,000.
8) Binance's CEO Changpeng Zhao (CZ) is stepping down and facing 18 months in prison as part of his plea deal with the US Government, and Binance agrees to pay $4.3 billion to settle a case with the US Government.
9) Moody’s downgraded JP Morgan $JPM, Wells Fargo $WF, and Bank of America $BAC to negative ratings.
10) Hedge funds lost $43 Billion shorting stocks this past week.
11) Jeff Bezos is expected to sell more shares of Amazon $AMZN (He's expected to sell $1 Billion worth of stock) (Last week he sold $240 Million worth of stock).
12) President Biden announces that Banks will no longer be able to profit by confusing customers with hidden fees.
13) Uranium prices hit $80 a pound for the first time in over 15 years.
14) A mysterious respiratory outbreak in China gets the attention of the World Health Organization.
15) Did you like this weekly recap? Join 50,000 readers for more at TheFinanceNewsletter․com.
What else would you add?
