Autonomy: Soft Landing on the Horizon

🌞Bonjour🌞

Great news! The International Monetary Fund (IMF) doesn't think we're going to see a global recession, and Twitter successfully made its first interest payment on 12.5B in debt after Elon Musk purchased the company.

I guess hawking neon signs and Twitter HQ decor on the internet helped keep the lights on after all. 🐣

Let's jump in.

TECHNOLOGY 🦾

TikTok CEO Shou Zi Chew will testify before Congress in March (AX)___

The US wants to cut Huawei off from American suppliers. According to multiple reports, the Biden administration is considering new export controls that target Huawei over national security concerns. (RT)Autonomous Note 🧿: It's clear that US gov and business leaders are concerned about state sponsored or affiliated companies selling or manufacturing technology that can be used to discover state secrets. The inquiry into these companies is deep and broad but if US and China can progressively allow and trust each other's businesses to operate cross-boarder it could spell a prosperous escalation of cooperation. To be clear, the current state of affairs does not inspire optimism in the near term.___

Bad Apple: Comments by Apple Inc. executives and policies imposed on employees have been deemed illegal by US National Labor Relations Board prosecutors, who say they violate workers’ rights. (YF)___

POLITICS 💈

Florida man Jair Bolsanaro extends his holiday. The former Brazilian president, accused of inciting post-election riots back home, has been in Orlando for a month already, and has now applied for a six-month visa to continue his stay. (BBG)___

DIGITAL ASSETS ⚡️

Large institutional and individual investors are dipping their toes into crypto waters again after a bumper month for bitcoin. (RT)___

The Ethereum ($ETH) network has been adding nearly 130,000 new unique addresses per day, at a time in which the on-chain activity for the second-largest cryptocurrency by market capitalization keeps on growing. (AN)Autonomous Note🧿: The house view on digital assets is, "utility first, price last." We are interested where we see blockchain-as-a-solution not expensive-coin-in-search-of-a-problem. The challenging part here is ignoring price. A sudden increase in a coin's value often times is an early indicator of a broken project. Ethereum has proven itself time and time again as a highly useful technology platform for building things and exchanging value. This headline merits a deeper dive but growing adoption amidst a massive price decline is an excellent indicator. ___

EARNINGS 💵

Exxon Mobile ($XOM): Delivered industry-leading 2022 earnings, cash flow from operations, total shareholder return, and return on capital employed

Started up one of the largest advanced recycling facilities in North America, capable of processing more than 80 million pounds of plastic waste per year

Increased year-over-year Guyana and Permian production by over 30% (YF)🧿: One of our favorite companies and a name in our model portfolio that we share with ChatGPTs top picks for the next 50 years (see Telegram Channel) 🤣

Meme Digestif ☕️

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