Here’s what you need to know today

• Good news for Australia’s share market: the ASX 200 closed at a record high. That wobble in early-August where the market fell 6% is long forgotten and the ASX 200 is up 0.3% from 1 August (before the wobble began).
  
  

• In a sign that our work-from-home era may be slowly coming to a close, Amazon has announced it will be mandating full five days in the office. Previously Amazon had a three-day-in-office mandate but CEO Andy Jassy has argued the move to 5 days is necessary.
  
  

• It’s not just Amazon. Aussie gambling giant Tabcorp has also mandated five days in the office. New CEO Gillon McLachlan, the former head of the AFL, has said the change is needed to instil a “winning culture”.
  
  

• The man accused of attempting to assassinate former US President Donald Trump was charged with two gun-related crimes on Monday. Ryan Wesley Routh, aged 58, is expected to be charged with more offences, but the initial charges allow authorities to hold him in custody while the investigation continues.
  
  

• Stories continue to emerge about just how in-demand Nvidia chips are. Last week, Nvidia CEO Jensen Huang told a conference that product shortages are making customers “emotional”. This week, it has emerged that Oracle CEO (and recently crowned second richest man in the world) Larry Ellison begged Huang for chips over dinner.
  
  

• TikTok’s attempt to overturn its ban in the United States commenced in a US appeals court yesterday. A three-judge panel questioned both sides with a ruling expected by 6 December. If TikTok loses, its parent company, ByteDance, must sell its American assets by 19 January to avoid TikTok being banned in the country.

What the…?

Can someone tell Elon Musk to stop talking? After last week telling Taylor Swift he’d give her a child, this week he was complaining on Twitter (X) that not enough people are trying to assassinate Joe Biden and Kamala Harris.

Whether you love him or hate him, surely we can all agree some of his recent comments aren’t doing him any favours.

Investing is a lifelong journey

Here’s what you can learn today.

GIC and Bridgewater Identify the Major Issues Facing Investors in the Years Ahead

Bridgewater is the world’s largest hedge fund with $120 billion assets under management. GIC is a global investor that was created in 1981 to manage Singapore’s foreign reserves. Together, they have put together this research outlining 4 major issues facing investors in the years ahead. They are:

• American exceptionalism: The risk of how concentrated global portfolios are in US markets and US companies and whether their outperformance can continue

• Artificial intelligence: How new use cases for this technology emerge as it starts to impact the real economy

• China: After decades as a global economic success story, China’s current economic troubles may have long-lasting impacts around the world

• Sustainability: The biggest investments of our generation are being made in decarbonisation and how they will reform countries and markets

In this article, experts from both Bridgewater and GIC outline how they are approaching these challenges and where they see potential opportunities.

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