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Nasdaq and Coinbase - Just My View with Andrew O'Donnell

Nasdaq and Coinbase - Just My View with Andrew O'Donnell

Duration 10m

Nasdaq and S&P 500 futures have slightly decreased, and European stocks remain steady, contrasting with Japan's Nikkei index decline. A dip in oil demand from the U.S. and China is lowering oil prices, while the U.S. dollar is gaining strength. Job growth is slowing. Tighter credit conditions, following regional bank failures, are affecting small businesses and households. Global markets are cautious about possible U.S. interest rate hikes and the risks of persistent inflation and China’s economic slowdown. In corporate news, Amazon is developing a large language model, "Olympus," to rival OpenAI. Ebay's forecast suggests a slowdown in e-commerce. The automotive industry faces challenges with General Motors recalling driverless cars and adjustments in production forecasts by Rivian and Lucid due to demand fluctuations. Meta Platforms introduces new ad disclosure policies for AI usage, PwC Australia cuts jobs amid economic pressures, and HSBC experiences growth in business from Chinese clients. Coinbase's revenue outperforms estimates despite falling trading volumes, and Bayer is challenging a significant legal ruling related to its Roundup weed killer.