📈 Clash of the AI Titans

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Good Morning!

This week, we have the world's heavyweight central banks going toe-to-toe with rising inflation. Google is caught in a triple threat showdown with the EU, US, and UK, all accusing them of playing dirty with anti-competitive ad practices. 

AMD is stepping up to the plate with their shiny new next-gen GPU, aiming to snatch a piece of Nvidia's 80% market share in the AI game. And last but definitely not least, Adobe just knocked their second-quarter earnings out of the park.

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Markets

Central banks still waiting for relief on inflation (3 minute read)
It's been two long years and the world's big-shot central banks are in this ongoing battle against rising inflation. They're tightening that monetary policy inch by inch won't back down until they hit their common goal of 2% inflation.

Just the other day, the European Central Bank decided to raise its key interest rates by a quarter of a percentage point, and boy, did they make a fuss about it - They even updated their inflation outlook to show that prices will keep going up until 2025.

Investing

AMD reveals new A.I. chip to challenge Nvidia’s dominance (4 minute read)
AMD (AMD) dropped some spicy news this Tuesday! They're unleashing their super next-level GPU called the MI300X, specifically designed for powering artificial intelligence. AMD is throwing down the gauntlet to Nvidia (NVDA), the undisputed champ of the AI chip market with a whopping 80% market share. Things are about to get real interesting, folks!

Google Threatened With Ad Business Breakup By EU Regulator (2 minute read)
The EU competition commission is giving Alphabet’s Google (GOOGL) the stink eye this week, accusing them of playing dirty in the ad sector. If Google doesn't shape up and address EU antitrust concerns, they might be forced to kiss some parts of their ad business goodbye. Alphabet, Google's parent company, makes boatloads of cash from those ads, so a forced breakup would definitely put a dent in their revenue for a good while. The US and the UK are also on their case, too!

Adobe Beats Quarterly Goals On Record Cloud Software Demand (3 minute read)
Adobe (ADBE) the digital media and marketing software whizzes, crushed all the expectations for their fiscal second quarter, easily surpassing Wall Street's expectations. ADBE stock went all the way up in after-hours trading, with a 3.9% rise to a cool 510.20.

Money

You Now Need a Six-Figure Salary to Afford Rent in These 11 Cities (5 minute read)
In not one, not two, but 11 U.S. cities, renters better start dreaming of raking in over $100,000 a year if they want to comfortably afford their humble abode. California takes the cake, claiming more than half of those pricey metros - like San Jose, California, where the average rent will set you back a cool $3,289 a month.

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