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WSJ Your Money Briefing

Introducing: WSJ's Take On the Week

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.81.6K Ratings

🗓️ 29 October 2023

⏱️ 22 minutes

🧾️ Download transcript

Summary

WSJ's Take On the Week is a new WSJ show that breaks down the most important things to watch in business and financial news to help you make smarter investment decisions. This week, host Dion Rabouin looks at Coinbase, the upcoming Federal Reserve meeting, and Starbucks. If you like the show, follow it for more. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

AI may be the most important new computer technology ever,

0:05.0

but AI needs a lot of processing speed and that gets expensive fast.

0:10.0

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0:16.0

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0:23.0

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0:30.0

Take a free test drive of OCI at oracle.com slash Wall Street. That's oracle.com slash Wall Street.

0:39.0

Hi, you're money briefing listeners. It's JR Whalen.

0:42.0

The news is moving so fast. It can be hard to know where to focus, especially when it comes to what might affect your investments.

0:49.0

But the Wall Street Journal is here to help. Our new podcast, WSJ's Take on the Week,

0:54.0

cuts through the noise to explain the major business and financial news that may move the markets.

0:59.0

It comes out Sundays, and it's designed to help you make smarter investing decisions and take on the week with confidence.

1:06.0

We wanted you to hear it, and if you like the show, be sure to subscribe. Enjoy.

1:12.0

What's good, everybody? I'm Dionne Rebowen for the Wall Street Journal, and this is WSJ's Take on the Week.

1:20.0

The show where we break down the most important things to watch in business and financial news.

1:25.0

We cut through the noise to get you ready for what matters.

1:29.0

Stocks fell last week, with the NASDAQ turning lower for the third week in a row.

1:35.0

Both the NASDAQ and the SMP 500 entered correction territory during the week, meaning the indexes have dropped 10% from their last high.

1:45.0

That said, the NASDAQ is still up by 20% year to date, and the SMP is up by around 7%.

1:53.0

Wall Street hasn't been talking much about crypto this year, but silence has been golden for digital assets.

2:00.0

The price of Bitcoin has jumped by more than 100% year to date, and gained more than 10% just last week.

2:07.0

That jump was largely tied to news that the SEC will not appeal a court ruling that paved the way for a new Bitcoin trading vehicle for professional money managers and retail investors to bet on the cryptocurrency.

2:20.0

We'll get into what's next for Bitcoin, Ethereum, and other digital assets, as we look ahead to this week's expected earnings report from Coinbase, the biggest crypto exchange in the U.S.

...

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