Roaring Kitty, More Like Meow

Major indexes closed lower Thursday, reversing earlier gains. Inflation eased, hinting at possible Fed rate cuts. Biden Administration announced new tariffs on Chinese goods, increasing trade tensions. Meme stocks surged and fell back, with AMC raising $250 million. Berkshire Hathaway revealed a $6.7 billion stake in Chubb. Ilya Sutskever left OpenAI to pursue other work. Bulletin Brief Dow’s historic passing of 40,000 (AP) General stock market news (Edward Jones) Economic data report (Reuters) (Yahoo Finance) (Axios) (CNN) Warren Buffet’s secret stock pick (CNBC) Meme stock rally falls apart (Reuters) AMC Stock (Google Finance) Gamestop Stock (Google Finance) Biden’s EV Tariff (WSJ) Open-AI co founder leaves (Techcrunch)