đź’Ş An Arm And A Leg

Arm's earnings send the chipmaker lower, Robinhood impresses and more

Happy Thursday Zingernation! This stock market thing has a little bit of something for everyone. Want to make slow, steady gains? Buy bonds or treasury yield ETFs. Want to invest in the overall market? Buy the S&P 500. But want to really have some fun? Then you need to trade crypto.

-Aaron Bry and Nic Chahine

Plus, if you’ve missed out on the AI boom, you need to check out today’s partner who’s aiming to revolutionize the industry.

And, crypto is so back. Billions of dollars are flowing into the new Bitcoin ETFs, driving prices to near all-time highs. Join thousands of engaged readers of Future Finance - our FREE digital assets newsletter.

MARKET SNAPSHOT

Yesterday: Another pretty flat day overall with the S&P and QQQS trading slightly lower while the Dow led on the day.

On Our Radar: Initial jobless claims are out at 8:30 am ET, and then we will hear from the San Francisco Fed President Mary Daly at 2pm ET.

Plus: Looking to learn more about options? Join options master Nic Chahine SUNDAY at 1:00 PM ET! Click here to claim your free ticket.

TOP STORY
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In Short: OpenAI CEO and ChatGPT creator Sam Altman expressed his concerns about the potential economic upheaval that artificial intelligence (AI) can cause.

What Happened: Altman’s apprehensions stem from the potential job displacement and broader socioeconomic changes that AI could bring about.

Basically: During a panel on AI and geopolitics at the Brookings Institute, Altman highlighted the need for more serious discussions about AI’s impact on the economy.

Quoted: "The thing I’m most worried about right now is, the sort of, the speed and magnitude of the socioeconomic change may have, and what the impacts on what that will be."

Why It Matters: Altman noted a decline in discussions about AI’s economic impact, particularly in terms of potential job replacement. He expressed concerns about the consequences if these issues are not taken seriously.

Click here for the full scoop.

PRESENTED BY BRAND ENGAGEMENT NETWORK

Artificial Intelligence (AI) is transforming the healthcare industry by streamlining administrative tasks, improving treatment plans, and enabling more precise diagnostics. The global AI in healthcare market is projected to reach $148.4 billion by 2029 due to its numerous benefits. 

Brand Engagement Network (BEN), a leading AI company, is making its mark in the AI space with its advanced technology and immersive user experiences. BEN's AI assistants, with 16+ perception, understanding, and response AI modules, offer human-like interactions and have garnered positive feedback from healthcare professionals and patients. BEN has recently announced key partnerships within the industry that is advancing its position as an AI provider to healthcare organizations. 

FIVE ZINGERS

Stocks Dropping, We’re Shopping: Analysts updated their forecasts and price targets on Shopify after the company reported earnings earlier this week.

What’s Hot? Chat Bots: Affirm’s CEO discussed the trend of Gen Z prefers to use AI chat bots over calling customer service lines.

Inside Job: Insiders are selling shares at Amazon, Abbott and these other companies.

Not So Clear: Lucid Motors’ future is less than clear after the EV startup reported worse-than-expected earnings.

Follow The Leader: Rivian is taking a page out of its big brother Tesla’s playbook and plans to open up its charging networks to rivals.

ONE FOR THE ROAD
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Some Context: Joshua Lee, a loyal Hertz customer, was reportedly charged a $277.39 fee for “refueling” an electric Tesla Model 3 he rented from the company. Despite Lee’s protests, Hertz has refused to refund the fee.

What Happened: Lee was taken aback when he was charged an additional $277.39 after returning a rented Tesla Model 3 following a weekend trip to Los Angeles, The Drive reported on Wednesday.

Basically: Lee had opted and paid for the “Skip the Pump and Save Time” option when he made the reservation, which allows customers to return their rental cars without refilling the gas tank if the vehicle is powered by gas. When he questioned the charge, Hertz reportedly insisted that it was for refueling the electric Model 3, even though the vehicle doesn’t have a fuel tank to refill.

So: Further, the user returned the car with 96% battery, the same percentage at which he picked it up. Even if he had returned it at a lower charge level, Lee should not have been charged more than $35 according to Hertz’s EV recharging policy.

Click here to read more.

PRESENTED BY BRAND ENGAGEMENT NETWORK

Artificial Intelligence (AI) is transforming the healthcare industry by streamlining administrative tasks, improving treatment plans, and enabling more precise diagnostics. The global AI in healthcare market is projected to reach $148.4 billion by 2029 due to its numerous benefits. 

Brand Engagement Network (BEN), a leading AI company, is making its mark in the AI space with its advanced technology and immersive user experiences. BEN's AI assistants, with 16+ perception, understanding, and response AI modules, offer human-like interactions and have garnered positive feedback from healthcare professionals and patients. BEN has recently announced key partnerships within the industry that is advancing its position as an AI provider to healthcare organizations.