🌞 Greetings folks,

It’s mid-week and markets are perking back up after the latest CPI report showed that inflation is cooling after all in the US.

Tech loves it, crypto loves it, risk assets love it.

Do you love it?

Anecdotally, here in New York prices (food in particular) have gone up and stayed up in 2023.

Here’s what’s on our radar 📡

Focus 👁️

Water Rush: Investors are quietly flocking to water and it’s drying up California.

Twitter is now a part of Elon Musk’s mysterious shell firm, X Corp.

HSBC USA hired several SVB bankers to focus on tech and healthcare.

Berkshire Hathaway increased investment in Japan's five largest trading houses to 7.4% 

Technology | A.i. | Business 🤖

Bug Bounty: OpenAI (the company behind Chat-GPT) will offer users up to $20k for reporting bugs

The US is studying potential rules to regulate AI like ChatGPT

WhatsApp rolled out its business payment tool in Brazil

Macro | Big Picture 🌎

China is developing a compromise plan with other major creditors for debt-relief for struggling developing nations.

If you haven’t read Dollar OS our latest long-form piece, take a look. We touch on China engaging in this type of activity in an effort to build out its own financial OS.
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The International Monetary Fund expects bank volatility to slow US economic growth.

Russian oil price cap is driving down Russia revenues

Keep in mind, plenty of countries are buying or have bought Russian energy at prices above (and below) the cap. The cap is working but
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US Office space available for rent hit a record high.

WeWork will give you a desk for $99 a month to put things in perspective.

Digital Assets ⚡️

Bitcoin accounted for 98% of inflows into digital assets last week

G7 will discuss CBDC standards and crypto regulation

Chart(s) Du Jour 👨🏻‍🍳

Meme Digestif ☕️

That’s it for today! Enjoy your mid-week.