Welcome to Cautious Optimism, a newsletter on tech, business, and power.
Last week in CO: LLM paper wars … Chime IPO … All eyes on Cyera … Diverging AI bets …
Weekend links: “In the coming year…” … US Army (sponsored by Palantir) … NY passes AI bill … SEC reduces rules … AI job cuts … Social anxiety and the gut … Studio Ghibli’s future …
Monday
Notable earnings: 🦗
U.S. economic events: NY Empire State Manufacturing Index, NOPA Crush Report
Global economic events: Inflation Rate (Italy), Housing Starts (Canada), Export and Import Prices (South Korea), Balance of Trade (India), GDP Growth Rate YoY (Russia)
Tuesday
Notable earnings: 🦗
U.S. economic events: Retail Sales, Export and Import Prices, Industrial Production, Redbook YoY, Manufacturing Production, NAHB Housing Market Index, Retail Inventories, Business Inventories
Global economic events: ZEW Economic Sentiment Index (Euro Area), Foreign Securities Purchases (Canada), Balance of Trade (Japan), Exports and Imports YoY (Japan), Machinery Orders (Japan)
Wednesday
Notable earnings: 🦗
U.S. economic events: Fed Interest Rate Decision, Housing Starts, Building Permits, Jobless Claims, Interest Rate Projections, Foreign Bond Investment, Overall Net Capital Flows, FOMC Economic Projections
Global economic events: Inflation Rate (United Kingdom, South Africa, Euro Area), Interest Rate Decision (Indonesia), Private Spending (Mexico), Foreign Bond Investment (Japan), Unemployment Rate (Australia), Consumer Confidence (Russia), Eurogroup Meeting
Thursday
Notable earnings: 🦗
U.S. economic events: Holiday: Juneteenth
Global economic events: Interest Rate Decision (United Kingdom), Consumer Confidence (Argentina), Unemployment Rate (Argentina), Inflation Rate (Japan), ECOFIN Meeting
Friday
Notable earnings: Accenture
U.S. economic events: Philly Fed (Business Conditions, CAPEX Index, Employment, New Orders, Prices Paid, Manufacturing Index), CB Leading Index, Fed Balance Sheet
Global economic events: Business Confidence (France), Construction Output (Italy), ECB Economic Bulletin (Euro Area), Retail Sales (Canada), Central Government Debt (Turkey)