What we’re reading (4/21)
“Dow, S&P 500, Nasdaq Futures Rise After Trump Extends US-Iran Ceasefire” (Yahoo! Finance). “US stock futures climbed Tuesday evening after Trump announced an extension of the current ceasefire with Iran, tempering fears of an imminent escalation in the region.”
“Tim Cook Built Apple Into A $4 Trillion Powerhouse. He Leaves Big Challenges On AI.” (Wall Street Journal). “Steve Jobs will forever be credited with inventing the iPhone. Tim Cook used it to build an empire. Cook, who built Apple into a colossus with influence coursing through geopolitics, pop culture and the daily lives of billions of people, said he would step down as chief executive on Sept. 1. He will remain as executive chairman.”
“Americans Are Stepping Up To Stop Our Corporate Goliaths” (Lina Khan, Doha Mekki). “Three decisions in three days last week showed us how Americans can keep corporate Goliaths in check, even when the federal government refuses to.”
“Can Allbirds’ Pivot From Shoes To AI Really Work?” (The Week). “The market’s reaction proves ‘AI excitement is alive and well — but as silly as ever,’ Noah Weidner said at The Street. The move might make sense, though. Artificial intelligence requires a ‘massive volume’ of computing power, and companies able to furnish it ‘will drum up excitement’ — even if that company once sold shoes.”
“The Stock Market’s Record Rally Now Faces These Two Big Risks” (MarketWatch). “Investors still seem fairly confident in the Fed’s existing setup, where its 12-person group responsible for setting interest rates has shown little appetite to lower them — outside of Stephen Miran, the Fed governor with the closest ties to the Trump White House.”
