WEEKLY RECAP

Minimum 55 B Market Caps (As of 7/16/2023)

For Educational Purposes only

Moments to remember in the market from the first week of June 2024

🚨BRK/A Drop from $627400 to $185 6/3/24

🚨GME attention and stock halts Stock Price increase from $27 to $67 6/7/24

Here is a historical overview of some notable instances where stock halts led to rapid price increases or decreases:

Stock halts, or trading halts, can have significant impacts on the stock prices of publicly traded companies, often causing rapid rises or falls in prices.

Can't beat 'em, join 'em

The way publishers are approaching generative AI is changing as the media industry evolves its outlook on technologies of the future. Microsoft (MSFT)-backed OpenAI signed a major content licensing deal this week with News Corp. (NWSA), sending up the latter's shares, following similar deals inked with The Financial Times and Axel Springer. Google (GOOGL) has also partnered with Reddit (RDDT) to use the platform's content to train its AI models, while Hollywood could be next. Alphabet and Meta (META) are eyeing multimillion-dollar partnerships with major studios on licensing content for AI video generators.

Bankruptcy

Under the sea

It's official! Red Lobster filed for Chapter 11 bankruptcy after it buckled under mounting losses, costly leases, and rising material and labor costs. The seafood chain will use the proceedings to drive operational improvements, close restaurants, and pursue a sale of substantially all of its assets as a going…

• Most sectors posted losses in January. Energy was the leader across the cap spectrum, continuing its spectacular turnaround from last year.