Top 4 stories today: 🌎 1. Worldcoin, Sam Altman's cryptocurrency, launches ❌ 2. Twitter rebrands to X, to introduce personal finance features ❤️‍🩹 3. Longevity VC increases 23% to $282M in Q2; much below Q1 2022's $4.5B 👧 4. Barbenheimer brings in $235.5 in first weekend

Top 3 stories to start your day: 🧠 1. Llama 2 released by Meta: available for commercial use, similar to GPT-3.5 💻 2. Microsoft 365 Copilot to cost $30/user/month, stock +4% 📈 3. Bullishness among individual investors reaches November 21 high

5. Sequoia China to open a Singapore office, competing with Sequoia India 6. West and South grow GDP faster than Northeast and Midwest 7. From the War in Ukraine: Zelensky is expected to visit NATO summit in Lithuania, while Prigozhin pledged loyalty to Putin in a June 29 meeting.

Top 7 stories to start your day: 1. Threads reaches 100M users in 5 days, a record 2. New class actions filed against OpenAI, Meta 3. U.S. suggests it wants to deescalate trade war with China 4. CPI is expected to drop and core CPI to remain high (Wed)

Truflation shows U.S. inflation at 2.22%. Reports of the U.S. government faking inflation (which would mean faking real GDP) are greatly exaggerated.

In the U.S., it was the steepest rate hike over the past 40 years.

Looking back, we've seen a sharp rise in base rates around the world.

Economists also expect the Fed to continue to reduce its balance sheet, to $6.9T in 2024.

Markets and economists expect rates to remain above 5% by year-end and then fall to 3%.

Markets are surprisingly confident that CPI will gradually return to 2%.