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Good Morning!
First up, we've got the government doing its best "Will they? Won't they?" dance with a full shutdown looming over the US, – the ultimate political cliffhanger!
Plus, have you ever wondered why Robinhood is so interested in your Social Security Number? We’ve got the lowdown on that for you. Next, it's Nikola stock, with a 33% surge and an 80% ascent in just one week thanks to their new COO.
And, the pièce de résistance, we'll dive into the AI stocks that Warren Buffett's $803 billion investment empire is cozying up to. Spoiler alert: Warren's not turning into a robot; he's just loving some tech-savvy investments!
We've got a fun little challenge for you in the spirit of caffeinated camaraderie. We're on the hunt for the most delightful coffee orders out there, and we want yours to be in the spotlight of our next newsletter.
Hit ‘Reply’ and tell us your favorite coffee order, whether it's an off-menu secret masterpiece or a daily ritual that never fails to put a smile on your face. We'll feature the best and most creative ones in our newsletter and you’ll win free access to Investing Journal Premium!
Grab your Venti Caramel Macchiato with extra whipped cream and a double shot of espresso and let's get into it! ☕️👇️
First Disruption to Smartphones in 15 Years🤳
Tech Startup With Traction: Turn your phone from a cost to an income source. Intriguing idea, isn't it? This is why, we have our eyes on the launch of Mode Mobile’s Pre-IPO Offering. It’s the latest in a series of impressive raises among smartphone innovators, likely spurred by Apple’s recent $3+ trillion valuation.
Mode saw 150x revenue growth from 2019 to 2022, a leap that has made them one of America’s fastest growing companies. Mode is on a mission to disrupt the entire industry with their "EarnPhone," a budget smartphone that’s helped consumers earn and save $150M+ for activities like listening to music, playing games, and ... even charging their devices?!
Over 11,000 investors already acquired shares — and with only days remaining prior to their bonus tier closing, allocations are limited.
*Disclosure: Please read the offering circular at invest.modemobile.com. This is a paid advertisement for Mode Mobile’s Regulation CF Offering.
Markets
Full US government shutdown likely (4 minute read)
It looks like we might be in for a good ol' Government shutdown by the end of the month, according to the analysts over at bond giant PIMCO. What's the twist, you ask? Well, it could make the Federal Reserve as jumpy as a cat on a hot tin roof about raising interest rates come November.
Investing
Nikola Stock Surges 33% as EV Maker Taps Ex-General Motors as COO (1 minute read)
Nikola's stock (NKLA) has been on a wild ride lately, shooting up a whopping 80% in just the past five days. And guess what lit the rocket under their stock? None other than the announcement of their new C-Suite superstar, Mary Chan. She's a real heavy-hitter, with stints at General Motors and Dell under her belt, and now she's donning the Chief Operating Officer hat over at Nikola.
Why Does Robinhood Need My SSN? (6 minute read)
Curious why Robinhood needs your Social Security Number to open an account? Read our insights about the legal regulations and how they help protect your investments.
7 Artificial Intelligence Stocks Owned by Warren Buffett's $803 Billion Investment Company (5 minute read)
Berkshire Hathaway, the legendary Warren Buffett's playground, isn't just into stocks – they're into AI-infused stocks! Yep, you heard it right. They've got their paws in over 50 public companies, and a bunch of 'em are getting jiggy with artificial intelligence. Now, don't get it twisted; Buffett's not diving headfirst into AI waters, but these tech marvels are making him some serious moolah. So, without further ado, let's explore seven of these AI stocks that have found a cozy home in Buffett's portfolio.
Money
Mortgage and Insurance Rates Are Through the Roof — Will Trend Continue in 2024? (5 minute read)
The housing industry has been having a bit of a tough time lately, and it's not just mortgage rates causing a ruckus. Nope, now we've got high property insurance rates joining the party and making it feel like the housing market's doing the limbo – how low can you go? Bloomberg's been ringing the alarm bells, and it's no joke. Property developers are shouting from the rooftops that as these insurance rates keep climbing, our dream pipeline for much-needed affordable housing might just turn into a pipe dream.
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P.S: If you're interested in crypto and web3 - check out our new newsletter, The Crypto Journal!
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