💝 A new favorite trade

A shutdown looms for the US | Currency traders have a new favorite play [Finimize](   TOGETHER WITH   Hi {NAME}, here's what you need to know for September 26th in 2:50 minutes.   🎉 JPMorgan CEO Jamie Dimon – generally considered the most influential banker on Wall Street – is officially speaking at this year's [Modern Investor Summit](. But if that's not enough to convince you, [signing up for a free ticket could also win you an iPad](. (We won't tell Jamie which part swung the deal for you.) [Grab your free early bird ticket here]( Today's big stories - Amazon’s $4 billion deal with Anthropic lays the firm’s AI cards on the table - This currency trade was all the rage, but now there’s a new one – [Read Now]( - The US government is facing another 11th-hour shutdown drama Clone Wars [Clone Wars] What’s going on here? It took a while, but Amazon has finally found its very own ChatGPT lookalike. What does this mean? Microsoft kicked off the AI frenzy back in January when it acquired a $10 billion stake in ChatGPT creator OpenAI. And ever since, we’ve all been waiting to see how the other tech titans would respond. So far, we’ve had Alphabet’s Bard and Alibaba’s Ernie, of course, and on Monday, well, we got Amazon’s. The company announced it’s buying a $4 billion minority stake in Anthropic, creator of ChatGPT lookalike Claude 2. There are some seriously smart and creative people in artificial intelligence but, really, those names, people. Why should I care? For markets: A-W-Yes. Microsoft told AI-hungry investors on its most recent earnings conference call that ChatGPT would boost revenue growth for Azure – the firm’s high-flying cloud services business – by around two percentage points. And that’s a not-too-shabby improvement on the 25% growth rate Azure is already seeing. The question now is whether Anthropic can do the same for AWS – Amazon’s even-bigger cloud wing – with a strategic partnership aimed at giving all those AWS customers access to its nifty AI tech. And with a stunning $100 billion or so of annual revenue coming from AWS, it would take only a tiny percentage in uplift to deliver a handsome return on Amazon’s $4 billion outlay. Zooming out: Chipping away at Nvidia’s lead. Nvidia makes the semiconductors that power AI, so its stock has been one of the unsurprising go-tos for anyone wanting in on the AI megatrend. But there’s some fine print in this Amazon deal that might interest Nvidia shareholders. As part of its tie-up with the Amazon, Anthropic will use chips designed by AWS to train all its AI models. And that’s one big, 800-pound gorilla of a competitor for Nvidia to try to outmaneuver. You might also like: [How to use ChatGPT to turn your reading into an investing masterclass](. Copy to share story: [/clone-wars]( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Clone Wars&utm_campaign=daily-global-26-09-2023&utm_source=email) Analyst Take Currency Traders Have A New Favorite Play [Currency Traders Have A New Favorite Play]( [Photo of Reda Farran] Reda Farran, Analyst Currency investors love [a good “carry” trade](, and for years the best one started by borrowing yen. It didn’t cost them a thing because of Japan’s negative interest rates, and they could invest the money anyplace where yields were higher. (And that basically meant [anywhere in the world](.) Recently, however, the yen’s been [shoved from its perch](, with the Chinese yuan becoming an attractive, low-cost alternative. And some of [the biggest names]( along Wall Street are talking about it. So that’s today’s Insight: [the new currency trade you’ll want on your radar](. [Read or listen to the Insight here]( SPONSORED BY IG Why you shouldn’t stop thinking about Gamestop Nearly three years ago, [Gamestop mania captured investors’ attention]( – and plenty of their cash. It’s tempting to brush the whole frenzy off as the investing equivalent of a crazy night out, with hazy memories banished to a dark corner and nasty losses swallowed without a chaser. But no matter how many times you say “never again”, you can’t rule out a repeat. This time, though, [you can be better prepared](. [IG has condensed the whole Gamestop saga into a few major, wide-reaching takeaways]( that should help investors negotiate turbulent markets and break-out rallies. Think of it as the equivalent of a hangover-preventing miracle pill. [Find out what you should remember from the Gamestop mania](. DisclaimerYour capital is at risk. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. [Find Out More]( When you support our sponsors, you support us. Thanks for that. Shutting It Down [Shutting It Down] What’s going on here? Yet another potential US government shutdown looms, unless, that is, lawmakers can pass some sort of funding bill before the September 30th deadline. What does this mean? The non-essential parts of the US government could stop operating next weekend. And if you’d time-traveled here from some earlier point in history, you’d probably be fairly shocked at how blasé people and markets are to this fact. It used to be the threat of hundreds of thousands of federal workers being sent home without pay would rattle markets to their core. But, let’s face it, we’ve been here before, and a deal is likely to be struck either just before or just after that increasingly meaningless, fateful deadline. Congress has made this kind of end-of-the-world brinkmanship its brand, after all. Why should I care? For markets: Curtain-raiser for a bigger show. So this week’s tussle will come and go, but there’ll be much more political wrangling and mudslinging in the months to come, ahead of the 2024 vote. And while experienced investors know to ignore shutdown spats, big election dramas can still put the whole market on edge. The bigger picture: Debtie Downer. The funding bill is about more than just debt levels, of course, but often the debate comes back to that whopping $30-odd trillion debt pile. As of August, [15%]( of federal spending was going to interest repayments alone. And with sky-high interest rates, and politicians struggling to agree on any book-balancing tactics, that percentage is only going one way. You might also like: [Here’s why inequality is responsible for soaring US debt levels.]( Copy to share story: [/shutting-it-down]( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Shutting It Down&utm_campaign=daily-global-26-09-2023&utm_source=email) 🤝 Partner with us Finimize is much more than just this newsletter: we’re a full-blown [one-stop shop]( for engaging with [modern investors](. So whether you’re a fintech, founder, or just a fed-up exec, rest assured – we’ve got [the solutions]( you need. [Book A Demo]( 💬 Quote of the day "The moon looks upon many night flowers, the night flowers see but one moon." – Jean Ingelow (an English poet and novelist) [Tweet this]( 🎯 On Our Radar 1. YouTube’s got problems. Here’s how the video platform’s tackling issues from [AI-created music to hate speech](. 2. Theory will only get you so far in the real world. Here's how to [master options trading](.* 3. Beauty school cop-out. This [natural oil]( could replace all your fancy haircare. 4. Preparing for real-world investing. Discover [the theoretical elements of investing and portfolio construction](.* 5. Let’s not grab a digital coffee. Never-ending meetings are [taking over our calendars](. When you support our sponsors, you support us. Thanks for that. 🌍 Finimize Live 🥳 Coming Up In The Next Week... All events in UK time. 📚 [Mastering Technical Analysis For Traders](: 5pm, September 26th And After That... 💰 [Money Matters: Her Wealth Roadmap](: 5pm, October 25th 📈 [Accessible Strategies For Effective Trading](: 5pm, October 26th 🧰 [Mastering Tools for The Modern Trade](r: 5pm, November 2nd 🎉 [Modern Investor Summit 2023](: 12pm, December 5th & 6th ❤️ Share with a friend Thanks for reading {NAME}. If you liked today's brief, we'd love for you to share it with a friend. 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