Tuesday☕️

Trending:

• OpenAI Shakeup
• Argentina’s New President

Markets:

• Yesterday’ U.S. stock market:

• Yesterday’s commodity market:

• Yesterday’s crypto market:

OpenAI Shakeup:

• After unsuccessful efforts by investors to reinstate Sam Altman as CEO of OpenAI, Microsoft has decided to hire him. Altman, a co-founder of OpenAI in 2015, was unexpectedly dismissed by the company's board last Friday. OpenAI operates differently from typical companies, as its investors do not have control over the board.
• The board's decision to let go of Altman was driven by communication concerns over new product launches and Altman's push to include investors on the board. Despite attempts by these investors to have him reinstated as the CEO of OpenAI, their efforts were unsuccessful, leading to his subsequent hiring by Microsoft.

Argentina‘s New President:

• In Argentina's presidential election, Javier Milei, who identifies as an anarcho-capitalist and libertarian economist, emerged victorious. His win comes at a time when Argentina is grappling with significant economic challenges, including a staggering 142% inflation rate and about 40% of its population living in poverty.
• Milei's opponent in the election was the incumbent economy minister from a left-wing populist party, which has been in power for the majority of the past four decades. Milei gained popularity through his vocal criticism of Argentina's political establishment.
• He has proposed radical changes to the country's economic policies, including the adoption of the U.S. dollar. His campaign promises resonated with the electorate, leading to a decisive victory with 56% of the vote, against the 44% secured by his opponent.

Statistic:

Top 50 public companies by revenue:

1. 🇺🇸 Walmart: $638.78B
2. 🇺🇸 Amazon: $554.02B
3. 🇸🇦 Saudi Aramco: $502.35B
4. 🇨🇳 Sinopec: $473.53B
5. 🇨🇳 PetroChina: $435.30B
6. 🇺🇸 Berkshire Hathaway: $401.77B
7. 🇺🇸 Apple: $383.28B
8. 🇺🇸 UnitedHealth: $359.98B
9. 🇺🇸 CVS Health: $347.80B
10. 🇺🇸 Exxon Mobil: $346.17B
11. 🇬🇧 Shell: $339.19B
12. 🇩🇪 Volkswagen: $335.04B
13. 🇨🇳 China State Construction Engineering: $310.78B
14. 🇺🇸 Alphabet (Google): $297.13B
15. 🇯🇵 Toyota: $296.61B
16. 🇺🇸 McKesson: $291.09B
17. 🇺🇸 Cencora: $262.17B
18. 🇨🇭 Glencore: $255.98B
19. 🇺🇸 Costco: $243.11B
20. 🇫🇷 TotalEnergies: $228.13B
21. 🇬🇧 BP: $227.24B
22. 🇳🇱 Exor: $223.32B
23. 🇺🇸 Microsoft: $218.31B
24. 🇺🇸 Cardinal Health: $210.17B
25. 🇺🇸 Chevron: $202.50B
26. 🇹🇼 Foxconn (Hon Hai Precision Industry): $202.01B
27. 🇰🇷 Samsung: $200.26B
28. 🇺🇸 Cigna: $189.85B
29. 🇩🇪 Allianz: $177.81B
30. 🇺🇸 Ford: $174.22B
31. 🇦🇷 Banco Macro: $173.26B
32. 🇺🇸 General Motors: $171.97B
33. 🇨🇳 China Railway Group: $168.68B
34. 🇺🇸 Elevance Health: $168.62B
35. 🇩🇪 Mercedes-Benz: $165.68B
36. 🇩🇪 BMW: $163.59B
37. 🇨🇳 China Railway Construction: $156.94B
38. 🇺🇸 JPMorgan Chase: $154.07B
39. 🇺🇸 Home Depot: $153.71B
40. 🇨🇳 Jingdong Mall: $152.48B
41. 🇨🇳 China Life Insurance: $152.39B
42. 🇺🇸 Marathon Petroleum: $151.93B
43. 🇯🇵 Mitsubishi Corporation: $151.46B
44. 🇺🇸 Valero Energy: $151.09B
45. 🇺🇸 Centene: $150.10B
46. 🇺🇸 Phillips 66: $149.40B
47. 🇷🇺 Gazprom: $149.14B
48. 🇺🇸 Kroger: $148.03B
49. 🇩🇪 Uniper: $146.50B
50. 🇨🇳 China Mobile: $140.27B

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