📈In Jensen We Trust: Nvidia posted another monster quarter, forecasting $65B in Q4 revenue (up 65% YoY) and revealing $500B in future orders. Yet their stock still fell as the “AI bubble” narrative grows louder. Jensen captured the moment perfectly: “if we delivered a bad quarter, it’s evidence there’s an AI bubble. If we deliver a great quarter, we’re fueling the AI bubble”.

📈Mixed Signals: The shutdown-delayed September US jobs report landed with an odd mix: 119,000 news jobs (more than double forecasts) but unemployment up 4.4% (the highest in four years). The conflicting signals offers little clarity for investors trying to predict what the Fed would do come its December meeting.

📈Ethical Prop Bets: Kalshi is a regulated prediction market where people trade yes-or-no contracts on real events. Think inflation releases, job numbers, election outcome etc. Prediction markets have quickly became the coolest new asset class, and no one is riding the wave better than Kalshi, which just raised $1B weeks after a separate $300M funding round.

📈Source: “Trust Me Bro”: Aidan Toner-Rodgers rocketed to fame at MIT with a “breakthrough” AI study hailed by top economists and even cited in Congress. But the dazzling rise had a hollow core: the data, the company, the software, had all been faked. When an outside expert raised concerns, the facade collapsed, leaving the economics world stunned at how a first-year briefly fooled the entire field.

🌎”I Know How Dirty Donald Is”: Three days ago, the bill to release the “Epstein files” passed through the U.S. government with overwhelming support. Now the Justice Department has 30 days to act but the U.S. Attorney General must decide what to release and what to withold for victim privacy.

🌎Bangladesh’s PM Stands Trial: After 15 years marked by corruption allegations, Sheikh Hasina, Bangladesh’s former PM has been sentenced to death by a Bangladeshi court for war crimes. Why you ask? She led a government crackdown on student protests in 2024, killing ~1,400 people.

🌎Shrinking Deficits: The U.S. trade deficit fell by ~24% in an August report delayed for more than seven weeks. Imports fell 5%, exports barely changed, and the reduced gap is expected to give the economy a short-term boost (more spending on U.S.-made goods).

🌎Japan $135B Stimulus: Since 2022, Japan has been dealing with rising inflation, now its hit a peak of 3.0% and squeezing consumers. Looking to ease the pressure (and to protect her 71% approval rating), PM Sanae Takaichi has announed a $135B stimus package focused on loweing everyday costs.

👔AI’s Coming for Your Job: In a recent survey of 183 U.S. firms, over half rated the job market as “fair” or “poor”. Only being worse during COVID, the ongoing effect of AI on entry-level jobs and a loosening labour market in the U.S. means it’ll be a tough time for the class of 2026.

👔Gemini 3 — Best Model Yet?: This Tuesday, Google released Gemini 3 and 3 Pro, their best LLM so far — so good Sam Altman gave kudos. Expect better image and video generation and a “deep think” mode for those existential questions. The best news? if you’re a student you can get the Gemini pro plan for free (here). You’re welcome 😉 

👔”It’s Better to Buy than Compete”: After a 5-year-long slog, Meta has emerged victorious from its antitrust legal battle with the Federal Trade Commission. Beginning in 2020, the FTC alleged Meta held a monopoly in social networking with its acquistions of Instagram and Whatsapp.

👔Bezos Lands a Job: After stepping down from Amazon in 2021, Jeff Bezos decided he wanted to be a CEO again, but this time for an AI startup. Called Project Promethesus, Bezos will lead ~100 staff from Meta, OpenAI and Deepmind to augument AI for manufacturing.

🤪Harvard’s $400m BTC Bet: Harvard’s endowment now holds over 6.8 million shares of BlackRock’s iShares bitcoin ETF, up from ~2 million shares last quarter. Last month it would have been worth $414m, now? Down to $326m, as Bitcoin fell below $90k USD.

🤪Nowhere is Safe, Not Even the Stock Market: Pinkfong, makers of the earworm “Babyshark” (which has been viewed more than 16 billion times), recently listed on South Korea’s KTX in a 76 billion KRW (~$80m AUD) IPO. It popped 7% immediately and then dropped and remained below the intial price.

🤪High Society Meets De-gen: On Thursday, a rare artwork by Gustav Klint sold for $236m in Sothebys, New York. The sale made it the most expensive modern artwork ever. At the same time a 18-carat gold toilet sold for $12.1m. Truly a matter of taste.

🤪Anabolic Chihuahuas: In the annual tiny dog strength contest, dogs like Lemon (a 2.5kg chihuahua) pulls 52x her bodyweight for a distance of 5 meters. Similar to other strength contests, anabolic steroids are banned.