TLDR

MARKET RECAP → Traders bumped knuckles at the closing bell today as the S&P 500 (VOO) rose to all-time highs following the Fed’s bold half-point rate cut on Wednesday.

JETBLUE BETS ON LOUNGES → 🛋️ JetBlue is joining the premium lounge game in New York and Boston, hoping plush seats and free snacks will lure high-spending travelers away from Delta (DAL) and American’s (AAL) cushy clutches.

AMAZON UNVEILS AMELIA→🛠️ Amazon’s (AMZN) new AI assistant, Amelia, is designed to help third-party sellers navigate issues and boost sales with zero headaches, letting them focus on making money instead of battling support tickets.

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MARKETS

Today’s S&P 500 Heatmap

Notable Earnings This Week

TODAY’S TOP NEWS

JetBlue Bets on Lounges

✈️ JetBlue planned to open its first-ever airport lounges in New York and Boston, joining rivals Delta (DAL), American (AAL), and United (UAL) in courting high-spending travelers with premium amenities.

🛋️ The lounges were set to offer top-tier services, reflecting JetBlue’s shift towards attracting more affluent customers, especially as competition for loyalty among airlines heated up.

💼 This move aimed to position JetBlue as a more luxurious option while enhancing its brand presence in key markets, bridging the gap between budget-friendly and premium experiences.

TODAY’S TOP NEWS

Amazon Unveils Amelia

🤖 Amazon (AMZN) launched Amelia, an AI assistant to help third-party sellers efficiently resolve issues, from account troubleshooting to sales data insights. The tool aimed to enhance seller experience and streamline problem-solving.

💼 Amelia's capabilities included automated responses and tailored advice based on sellers’ unique needs, making it easier for them to navigate Amazon’s complex systems without extensive customer support interaction.

🚀 This initiative was part of Amazon's strategy to leverage AI for improved user experiences and operational efficiency, positioning itself as a more attractive platform for business owners.

BULL VS. BEAR

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WHAT WE’RE WATCHING

OUR FAVORITE TOOLS & RESOURCES

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• The Market Ear — Live news, analysis and commentary on what moves markets and trading

• Coinmarketcap.com — Crypto market data

• Finviz — Financial visualizations

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• CME FedWatch Tool — Market-implied probabilities of future levels of interest rates 

• Dataroma — Track stock picks and portfolios of legendary value investors such as Warren Buffett

• ChatGPT — Large language model-based chatbot powered by generative AI

• Vimcal — Lightning-fast calendar and AI scheduling assistant

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