The Techonomy Barista: because adulting is hard, but staying tech-savvy doesnโ€™t have to be. โœŠ

Todayโ€™s news for you:

  1. Trump survives 2nd assassination attempt in two months.

  2. Fedโ€™s rate cut could impact the world.

  3. Teslaโ€™s Supercharger expansion slows down.

  4. Mortgage rates below 5.25% makes median-priced homes cheaper than renting.

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Weโ€™re excited to announce we have launched a podcast for our top stories because we heard some of you like to listen on the move, so please give this a try and let us know what you think! ๐Ÿ™‚

Markets

Economic Calendar

Calendar showing important economic events for the top five economies of the world. All times US EST.

1. Secret Service foils apparent Trump assassination attempt ๐Ÿ”ซ

Source: Reuters

Key takeaways:

  • Secret Service agents fired on a gunman near Trump's golf course in West Palm Beach, Florida.

  • Suspect arrested after fleeing, leaving behind an AK-47-style rifle.

  • Incident occurred two months after Trump was grazed by gunfire at a campaign rally.

  • Suspect identified in media as Ryan Wesley Routh, 58, from Hawaii.

  • Routh was an outspoken supporter of Ukraine who traveled there after Russia's 2022 invasion.

Source: Techonomy Barista analysis.

2. Fed's first rate cut in 4 years could impact global markets ๐ŸŒ

The MSCI World index tracks the performance of approx. 1,500 large and mid-cap companies across 23 developed countries.
Source: Barclays Research, LSEG, Reuters

Key takeaways:

  • Fed to cut interest rates for the first time in four years on Sep 18.

  • Scale of overall easing and impact of U.S. election remain uncertain.

  • Global investors and central banks looking to Fed for economic guidance.

  • Rate cut could influence currencies, bonds, stocks and commodities globally.

  • Emerging markets may gain more room to ease their own monetary policies.

Source: LSEG, Reuters

How it impacts you:

  • Your mortgage or loan rates might finally start to ease up. Time to celebrate with a slightly less expensive avocado toast! ๐Ÿฅ‘

  • Your stock portfolio might get a boost if the rate cut leads to a "soft landing." But remember, the market can be as unpredictable as your cat's mood swings.

  • If you're into precious metals, your gold investments might shine brighter. It's like your own personal economic bling. ๐Ÿ’Ž

  • Keep an eye on your savings account interest rates, they might dip.

3. Tesla's Supercharger expansion slows down, challenges ahead ๐Ÿ”Œ

Source: WSJ

Key takeaways:

  • Tesla's Supercharger network expansion has slowed, with new port openings down 28% from May to August compared to last year.

  • The slowdown follows widespread layoffs in April that affected the team responsible for installing new chargers.

  • Tesla is under pressure to expand its network and open it to non-Tesla vehicles; several automakers already having access or agreements in place.

  • The company has received millions in government funding for new charger installations but faces challenges in rolling out to other automakers.

  • Tesla is attempting to rebuild its Supercharger team and get back on track with expansion plans.

What this could mean for you:

  • Your next road trip might involve a game of "Supercharger Roulette" as you compete with an increasing number of EV drivers for those precious charging spots. ๐ŸŽฐ

  • On the bright side, your non-Tesla driving friends might finally stop giving you the cold shoulder at EV meetups. Just don't expect them to bring any adapters to the party. ๐Ÿคทโ€โ™‚๏ธ

4. Housing market split: Homeowners win, buyers struggle despite 6.2% mortgage rates. ๐Ÿ 

Source: WSJ

Key takeaways:

  • Mortgage rates dropped to 6.2% from 7.79% last fall.

  • Home prices have climbed over 50% since 2019.

  • Homeowners with mortgages had $17.5 trillion in equity in July.

  • 90% of homeowners with mortgages could borrow against equity.

  • Mortgage rates need to fall below 5.25% for median-priced homes to be cheaper than rent.

How it impacts you:

  • If you're a homeowner, you might consider refinancing to take advantage of lower rates.

  • Tapping into home equity through HELOCs becomes more affordable with expected rate cuts.

  • As a renter, the housing market remains challenging due to high prices and limited inventory. ๐Ÿก

Other news:

AI

Larry Ellison sees $100B AI boom powered by nuclear energy.

Tech

Apple shares slide with weak iPhone 16 demand.

Business

Boeing strike workers say theyโ€™re ready to hold out for better terms.

US Politics

Latest attempt on Trumpโ€™s life raises questions about how it happened again.

World

Ukraine denies any links with suspect in Trumpโ€™s 2nd assassination attempt.

Interesting

Source: Henley & Partners

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