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=E2=80=A6and chip titan Nvidia repo= rts amid the AI gold rush
=
 
<= tr>

Growing up in front of a black mirror (Westend61/Getty Images)

<= /table>
 
<= div class=3D"mj-column-per-100 mj-outlook-group-fix" style=3D"font-size:0px= ;text-align:left;direction:ltr;display:inline-block;vertical-align:top;widt= h:100%;">
Last Week=E2=80=99s Market Moves
 
Dow Jones
34,501 (-2.21%)		S&P 500
4,370 (-2.11%)		Nasdaq
13,291 (-2.59%)		Bitcoin
$26,048 (-11.41%)
Dow Jones
34,501 (-2.21%)		S&P 500
4,370 (-= 2.11%)
Nasdaq
13,291 Bitcoin
$26,048 (= -11.41%)
=
<= /table>

Hey Snackers,<= /p>

There are floor seats, there are nosebleeds, and then there are liste= ning seats? Ticketmaster has apparently been sellin= g =E2=80=9Clistening only=E2=80=9D tickets for Beyonc=C3=A9=E2=80= =99s tour, describing them as having no view of the stage. That=E2=80=99s a= new one.=C2=A0

US stocks sank last week as investors worried about s= ticky inflation, rising bond yields, and stubbornly strong economic data, w= hich could mean more Fed rate hikes. Hong Kong stocks entered bear-market t= erritory as concern grows over China=E2=80=99s underwhelming recovery.

<= /div>
Btw... Do you want to start getting Snacks daily? Or pr= efer to unsubscribe? Manage your subscription preferences here.

<= /table>
Sharents
<= /table>
<= /tr>

Illinois passes the first US l= aw to pay kidfluencers as legislation catches up to culture

#O= versharenting=E2=80=A6 Illinois became the first US state to pass a law= protecting the= earnings of child social-media stars and children who frequently appear in= their influencer-parents=E2=80=99 (#sharerents) posts =E2=80=94 think of f= amous family accounts like the controversial Ace Family. The law, which goe= s into effect next July, requires parents to set aside their kids=E2=80=99 = gross earnings in a trust, and opens a path for kids to sue parents who kee= p the $$ for themselves.

  • No protections: There are laws protecting child= actors (the Coogan Law makes parents of child entertainers set aside 15% o= f their kids=E2=80=99 earnings), but those protections don=E2=80=99t extend= to kids who earn money on social media. The Illinois law does.=C2=A0

  • Elsewhere: France is the only= country that=E2=80=99s expanded its child-entertainer laws to social-media= influencers. Washington is considering an Illinois-like law to prevent par= ents from exploiting their kids, and experts think California and New York = could follow.

Sponsored toy unboxing=E2=80=A6 Millio= ns are on the table for kidfluencers like 11-year-old Ryan Kaji, who earned= $27M in 2021. The YouTube, Instagram, and TikTok accounts of child influen= cers are prime territory for advertisers like Mattel, Walmart= , and Target looking to reach tween audiences. In 2021, advertisers = spent nearly $3B marketing to kids =E2=80=94 and that=E2=80=99s only expect= ed to grow. But parents haven=E2=80=99t been required to set aside earnings= from sponsorships or ad revenue for their kids, and there are also no priv= acy protections in place.

= THE TAKEAWAY

Law lags culture=E2=80=A6 <= /b>The first gen of kids to have everything from their baby pics to prom vi= deos posted online is growing up. For child actors, the Coogan Law was reva= mped in the =E2=80=9990s following infamous parent-child income spats like = Macaulay Culkin=E2=80=99s. Now the social-media gen is taking initiative to= protect their income =E2=80=94=C2=A0and privacy. A grassroots movement to = hide kids=E2=80=99 faces and keep them off screen has been gaining momentum= , and Illinois=E2=80=99 new law was proposed by a 15-year-old.

Sponso= red by Ladder
<= /tr>

It=E2=80=99s = official, the best time to protect your family=E2=80=99s financial future i= s=E2=80=A6

Now. You=E2=80=99ve invested to secure your future fin= ances=E2=80=94now it=E2=80=99s time to protect your loved ones with life in= surance.

Term life insurance is typically the most straightforward an= d affordable way to keep your loved ones financially afloat in the unlikely= event that you pass away unexpectedly.

Ladd= er makes it easy, with an online application that takes as little a= s 5 minutes. It offers coverage of up to $8M total, or up to $3M with no me= dical exam, only health questions asked.

For as little as your monthl= y internet bill,* you can help ensure your mortgage, kids=E2=80=99 college = tuition, and other living expenses are covered.

Get your free price estimate in seconds here.

=
<= /table>
<= tr>

<= /tr>
<= /tbody>
<= div style=3D"font-family: 'General Grotesque Bold', Arial; font-weight: 700= ; letter-spacing: 0.03em; text-transform: uppercase; color: #000000; paddin= g: 6px 19px; border-radius: 30px; border: 0; background-color:#62E5DA; disp= lay: inline-block;">Events
<= /table>

Coming up th= is week

If AI is a gold rush=E2=80=A6 some think Nvidia= =E2=80=99s selling shovels. The chip titan=E2=80=99s stock 3X=E2=80=99d= this year (hello, trillion-dollar club) as orders flooded in for its super= computing chips. Elon Musk said Tesla would take as many as Nvidia c= ould churn out. Saudi Arabia is also hungry for the $40K H100 chip, which N= vidia described as the first =E2=80=9Cdesigned for generative AI.=E2=80=9D = In its most recent report, Nvidia=E2=80=99s sales were down 13% from= last year as demand for its gaming chips sagged. But it gave an upb= eat forecast, and analysts expect strong growth when it reports Wednesday.= =C2=A0

Retail=E2=80=99s mixed bag=E2=80=A6 Consumers have been= leaning toward spending on experiences, but thrifty shoppers are still see= ing fit to add new wardrobe fits. Retail sales rose in July, boosted by clo= thing outlets. Last week, discount icons TJX (TJ Maxx, Marshalls) an= d Ross crushed expectations as consumers treasure-hunted for $10 sun= dresses and discount Levi=E2=80=99s. This week, Urban Outfitters and= Abercrombie & Fitch are expected to report trendy revenue gains= on the year, but Gap, Kohl=E2=80=99s, and Macy=E2=80=99s<= /b> are forecast to show sagging YoY sales.

<= div style=3D"font-family: 'General Grotesque Bold', Arial; font-weight: 700= ; letter-spacing: 0.03em; text-transform: uppercase; color: #000000; paddin= g: 6px 19px; border-radius: 30px; border: 0; background-color:#62E5DA; disp= lay: inline-block;">Zoom Out
<= /table>

Stories we= =E2=80=99re watching

The driving (work)force=E2=80=A6 The = 150K-member United Auto Workers union is keeping its foot on the gas in con= tract negotiations with the Big Three automakers: GM, Ford, a= nd Stellantis. The UAW will hold strike-authorization votes this wee= k (FYI, it=E2=80=99s expected to pass). Though the union historically strik= es against one company =E2=80=94 including a 40-day, $3.6B strike against G= M in 2019 =E2=80=94 this year it has said a strike against all three is pos= sible if there=E2=80=99s no deal by September 14. A 10-day work stoppage co= uld cost manufacturers, workers, and the auto industry $5B.=C2=A0

= Lights, camera, and (maybe) action=E2=80=A6 Hollywood studios finally o= ffered up a new deal for writers last week after more than three months of = the WGA=E2=80=99s strike. Highlights of the deal (pushed by Netflix = and Disney) include AI protections, greater streaming transparency, = and higher pay. TBD if the WGA will accept (negotiations are expected to co= ntinue this week). The writers=E2=80=99 strike, coupled with the screen act= ors=E2=80=99 strike that started in July, has cost California's econom= y $3B+. Studios are feeling the content crunch as production of movies and = hit TV series (like =E2=80=9CThe Last of Us=E2=80=9D) is stalled.

=

<= div style=3D"font-family: 'General Grotesque Bold', Arial; font-weight: 700= ; letter-spacing: 0.03em; text-transform: uppercase; color: #000000; paddin= g: 6px 19px; border-radius: 30px; border: 0; background-color:#62E5DA; disp= lay: inline-block;">ICYMI
<= /table>

Last week= 9;s highlights

  • NYTvGPT= : The New York Times is considering a copyright suit agai= nst OpenAI that could be the biggest AI legal battle yet, NPR report= ed. As trust in the tech wanes, companies are being more cautious about how= they use it.=C2=A0

  • EVin: After its SPAC debut, EV ma= ker VinFast=E2=80=99s valuation sped past GM and Ford,= but has since fallen. SPAC=E2=80=99d EV startups like Lordstown Motors<= /b> and Nikola have seen values drop 90%+ as the crowded lot fills u= p.

  • Unbound<= /u>: China=E2=80=99s reopening =E2=80=94 expected to net a h= uge economic rebound =E2=80=94 has gone from meh to worse. Youth unemployme= nt hit a record 21% in June, and US multinationals have reported hits to th= eir China earnings.

What else we're Snackin'

  • High: More s= tates are rethinking their recreational-pot-smoking laws as the rise of hig= h-potency THC strains spark health concerns. In Colorado, pot-related calls= to poison-control centers have nearly tripled since 2014.=C2=A0

    • Pride: Target said backlash over its= Pride items hurt sales while AB InBev took a hit after its Bud Ligh= t promo with transgender influencer Dylan Mulvaney. Both companies faced cr= iticism from the LGBTQ+ community for their responses.=C2=A0

  • Grill= : Walmart-owned Sam's Club is doing a major revamp to take on l= ong-time rival Costco. First order of biz: slashing the price of its= iconic hot-dog-and-soda combo to $1.38 (Costco sells at $1.50).

<= !--[if mso | IE]>
<= td align=3D"left" vertical-align=3D"middle" class=3D"mj-button-padding-fix"= style=3D"font-size: 0px; padding: 0; word-break: break-word;">
Want your Snacks daily?
=
The Daily Newsletter

=E2=9A=BD = FIFA Women=E2=80=99s World (spon= sorship) Cup =E2=80=A2 Aug 18, 2023
=F0=9F=9A=99 VinFast=E2=80=99s big SPAC =E2=80=A2 Aug 17, 2023
=F0=9F= =91=BE Zynga=E2=80= =99s crypto-gaming play =E2=80=A2 Aug 16, 2023

Subscribe to the D= aily
<= /table>
=
Snack Fact Of the Day
Each snowflake is di= fferent

<= /table>
<= /table>
This Week

  • Monday: Earnings expec= ted from Zoom

  • Tuesday= : BRICS summit begins. Earnings expected from Baidu, Macy=E2=80=99s,= Lowe=E2=80=99s, Coty, Urban Outfitters, and Dick=E2=80=99s Sporting= Goods=C2=A0

  • Wednesday: = Earnings expected from Nvidia, Peloton, Kohl=E2=80=99s, Foot Locker,= Williams-Sonoma, Bath & Body Works, and Abercrombie & Fitch=

  • Thursday: Ukraine I= ndependence Day. Earnings expected from Burlington, Dollar Tree, TD Bank= , Petco, Weibo, Build-A-Bear, Ulta, Intuit, Gap, and Nordstrom

  • Friday: Fed Chair Powell = to speak at the Jackson Hole Economic Symposium

Authors of = this Snacks own shares of AB InBev, Disney, GM, Mattel, Nvidia, Tesla, Ulta= , and Walmart

*Advertiser's disclosure: Based on $35/month for a= 30-year-old male, preferred plus rating, 10-year term, $1M coverage.

Ladder Insurance Services, LLC (CA license # OK22568; AR license # 3000140= 372) distributes term life insurance products issued by multiple insurers = =E2=80=93 for further details see=C2=A0ladderlife.com. All insurance products are governed by the terms set = forth in the applicable insurance policy. Each insurer has financial respon= sibility for its own products. Coverage amounts vary by state. This email m= ay be considered advertising under applicable law. =C2=A92017-2023 and TM, = NerdWallet, Inc. All Rights Reserved.230817-3068437

=
<= /td>
Sherwood Media, LLC produces fresh and unique= perspectives on topical financial news and is a fully owned subsidiary of = Robinhood Markets, Inc., and any views expressed here do not necessarily re= flect the views of any other Robinhood affiliate... See = more
--317f449c73205dd24d86054c24fa57c75e502f4e5b45534a7edb17f53abf Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset=utf-8 Mime-Version: 1.0 @media only screen and (min-width:480px) { .mj-column-per-100 { width: 100% !important; max-width: 100%; } .mj-column-per-50 { width: 50% !important; max-width: 50%; } }
=E2=80=A6and chip titan Nvidia repo= rts amid the AI gold rush
 
<= td style=3D"vertical-align:top;padding:0;">
Last Week=E2=80=99s Marke= t Moves
=
 
Dow Jo= nes
34,501 (-2.21%)<= /span>		S&P 500<= br>4,370 (-2.11%)Nasdaq
(-2.59%)		Bitcoin
$2= 6,048 (-11.41%)
Dow Jones
34,501 (-2.21%)=
= S&P 500
4,370 (-2.11%)
Nasdaq
13,291 (-2.59%)		<= span class=3D"text" style=3D"font-family: 'General Grotesque', Arial; font-= size: 13px; line-height: 22px; padding: 0;">Bitcoin
$26,048 (-11.41%)
<= /div>
<= table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation= " width=3D"100%">

Hey Snackers,

There are floor seats, there are no= sebleeds, and then there are listening seats? Ticketmaster has appar= ently been selling= =E2=80=9Clistening only=E2=80=9D tickets for Beyonc=C3=A9=E2=80=99= s tour, describing them as having no view of the stage. That=E2=80=99s a ne= w one.=C2=A0

US stocks sank last week as investors worried about stic= ky inflation, rising bond yields, and stubbornly strong economic data, whic= h could mean more Fed rate hikes. Hong Kong stocks entered bear-market terr= itory as concern grows over China=E2=80=99s underwhelming recovery.

= Btw... Do you want to start getting Snacks daily? Or prefe= r to unsubscribe? Manage your subscription preferences here.

3D""
=
Sharents
<= tbody><= /table>

Il= linois passes the first US law to pay kidfluencers as legislation catches u= p to culture

#Oversharenting=E2=80=A6 Illinois became the = first US state to pass a law protecting the earnings of child social-med= ia stars and children who frequently appear in their influencer-parents=E2= =80=99 (#sharerents) posts =E2=80=94 think of famous family accounts like t= he controversial Ace Family. The law, which goes into effect next July, req= uires parents to set aside their kids=E2=80=99 gross earnings in a trust, a= nd opens a path for kids to sue parents who keep the $$ for themselves.

=

  • No p= rotections: There are laws protecting child actors (the Coogan Law make= s parents of child entertainers set aside 15% of their kids=E2=80=99 earnin= gs), but those protections don=E2=80=99t extend to kids who earn money on s= ocial media. The Illinois law does.=C2=A0

  • Elsewhere: France is the only country that=E2=80=99s expa= nded its child-entertainer laws to social-media influencers. Washington is = considering an Illinois-like law to prevent parents from exploiting their k= ids, and experts think California and New York could follow.

<= p>Sponsored toy unboxing=E2=80=A6 Millions are on the table for kidf= luencers like 11-year-old Ryan Kaji, who earned $27M in 2021. The YouTube, = Instagram, and TikTok accounts of child influencers are prime territory for= advertisers like Mattel, Walmart, and Target looking = to reach tween audiences. In 2021, advertisers spent nearly $3B marketing t= o kids =E2=80=94 and that=E2=80=99s only expected to grow. But parents have= n=E2=80=99t been required to set aside earnings from sponsorships or ad rev= enue for their kids, and there are also no privacy protections in place.
THE TAKEAWAY

Law lags culture=E2=80=A6 The first gen of kids to have everyth= ing from their baby pics to prom videos posted online is growing up. For ch= ild actors, the Coogan Law was revamped in the =E2=80=9990s following infam= ous parent-child income spats like Macaulay Culkin=E2=80=99s. Now the socia= l-media gen is taking initiative to protect their income =E2=80=94=C2=A0and= privacy. A grassroots movement to hide kids=E2=80=99 faces and keep them o= ff screen has been gaining momentum, and Illinois=E2=80=99 new law was prop= osed by a 15-year-old.

=
Sponso= red by Ladder
<= /a>

It= =E2=80=99s official, the best time to protect your family=E2=80=99s financi= al future is=E2=80=A6

Now. You=E2=80=99ve invested to secure your= future finances=E2=80=94now it=E2=80=99s time to protect your loved ones w= ith life insurance.

Term life insurance is typically the most straigh= tforward and affordable way to keep your loved ones financially afloat in t= he unlikely event that you pass away unexpectedly.

Ladder= makes it easy, with an online application that takes as little as = 5 minutes. It offers coverage of up to $8M total, or up to $3M with no medi= cal exam, only health questions asked.

For as little as your monthly = internet bill,* you can help ensure your mortgage, kids=E2=80=99 college tu= ition, and other living expenses are covered.

Get your free price estimate in seconds here= .

<= tbody><= /table>

<= /tr>
<= /tbody>
<= div style=3D"font-family: 'General Grotesque Bold', Arial; font-weight: 700= ; letter-spacing: 0.03em; text-transform: uppercase; color: #000000; paddin= g: 6px 19px; border-radius: 30px; border: 0; background-color:#62E5DA; disp= lay: inline-block;">Events
<= /table>

Coming up th= is week

If AI is a gold rush=E2=80=A6 some think Nvidia= =E2=80=99s selling shovels. The chip titan=E2=80=99s stock 3X=E2=80=99d= this year (hello, trillion-dollar club) as orders flooded in for its super= computing chips. Elon Musk said Tesla would take as many as Nvidia c= ould churn out. Saudi Arabia is also hungry for the $40K H100 chip, which N= vidia described as the first =E2=80=9Cdesigned for generative AI.=E2=80=9D = In its most recent report, Nvidia=E2=80=99s sales were down 13% from= last year as demand for its gaming chips sagged. But it gave an upb= eat forecast, and analysts expect strong growth when it reports Wednesday.= =C2=A0

Retail=E2=80=99s mixed bag=E2=80=A6 Consumers have been= leaning toward spending on experiences, but thrifty shoppers are still see= ing fit to add new wardrobe fits. Retail sales rose in July, boosted by clo= thing outlets. Last week, discount icons TJX (TJ Maxx, Marshalls) an= d Ross crushed expectations as consumers treasure-hunted for $10 sun= dresses and discount Levi=E2=80=99s. This week, Urban Outfitters and= Abercrombie & Fitch are expected to report trendy revenue gains= on the year, but Gap, Kohl=E2=80=99s, and Macy=E2=80=99s<= /b> are forecast to show sagging YoY sales.

<= div style=3D"font-family: 'General Grotesque Bold', Arial; font-weight: 700= ; letter-spacing: 0.03em; text-transform: uppercase; color: #000000; paddin= g: 6px 19px; border-radius: 30px; border: 0; background-color:#62E5DA; disp= lay: inline-block;">Zoom Out
<= /table>

Stories we= =E2=80=99re watching

The driving (work)force=E2=80=A6 The = 150K-member United Auto Workers union is keeping its foot on the gas in con= tract negotiations with the Big Three automakers: GM, Ford, a= nd Stellantis. The UAW will hold strike-authorization votes this wee= k (FYI, it=E2=80=99s expected to pass). Though the union historically strik= es against one company =E2=80=94 including a 40-day, $3.6B strike against G= M in 2019 =E2=80=94 this year it has said a strike against all three is pos= sible if there=E2=80=99s no deal by September 14. A 10-day work stoppage co= uld cost manufacturers, workers, and the auto industry $5B.=C2=A0

= Lights, camera, and (maybe) action=E2=80=A6 Hollywood studios finally o= ffered up a new deal for writers last week after more than three months of = the WGA=E2=80=99s strike. Highlights of the deal (pushed by Netflix = and Disney) include AI protections, greater streaming transparency, = and higher pay. TBD if the WGA will accept (negotiations are expected to co= ntinue this week). The writers=E2=80=99 strike, coupled with the screen act= ors=E2=80=99 strike that started in July, has cost California's econom= y $3B+. Studios are feeling the content crunch as production of movies and = hit TV series (like =E2=80=9CThe Last of Us=E2=80=9D) is stalled.

=

<= div style=3D"font-family: 'General Grotesque Bold', Arial; font-weight: 700= ; letter-spacing: 0.03em; text-transform: uppercase; color: #000000; paddin= g: 6px 19px; border-radius: 30px; border: 0; background-color:#62E5DA; disp= lay: inline-block;">ICYMI
<= /table>

Last week= 9;s highlights

  • NYTvGPT: The New York Times is considering a copyright suit against OpenAI that could be the biggest AI legal battle yet, NPR reported. As trust in= the tech wanes, companies are being more cautious about how they use it.= =C2=A0

  • EVin: After its SPAC debut, EV ma= ker VinFast=E2=80=99s valuation sped past GM and Ford,= but has since fallen. SPAC=E2=80=99d EV startups like Lordstown Motors<= /b> and Nikola have seen values drop 90%+ as the crowded lot fills u= p.

  • Unbound= : China=E2=80=99s reopening =E2=80=94 expected to net a huge economi= c rebound =E2=80=94 has gone from meh to worse. Youth unemployment hit a re= cord 21% in June, and US multinationals have reported hits to their China e= arnings.

What else we're Snackin'

  • High: More stat= es are rethinking their recreational-pot-smoking laws as the rise of high-p= otency THC strains spark health concerns. In Colorado, pot-related calls to= poison-control centers have nearly tripled since 2014.=C2=A0

  • Pride: Target said backlash over its= Pride items hurt sales while AB InBev took a hit after its Bud Ligh= t promo with transgender influencer Dylan Mulvaney. Both companies faced cr= iticism from the LGBTQ+ community for their responses.=C2=A0

  • Gril= l: Walmart-owned Sam's Club is doing a major revamp= to take on long-time rival Costco. First order of biz: slashing the= price of its iconic hot-dog-and-soda combo to $1.38 (Costco sells at $1.50= ).

=
=
Want your Snacks daily?
<= table>
= The Daily Newsletter
Get fr= esh takes on financial news every week day. Try a sample:

=E2=9A=BD FIFA Women=E2=80=99s World (sponsorship= ) Cup =E2=80=A2 Aug 18, 2023
=F0=9F=9A=99 = VinFast=E2=80=99s big SPAC =E2=80=A2 Aug 17, 2023
=F0=9F=91=BE Zynga=E2=80=99s crypto-gaming play =E2= =80=A2 Aug 16, 2023

Subscribe to the Daily
<= /table>
Each snowflake is different
Snack Fact Of the Day

<= /table>
This Week

  • Monday: Earnings expec= ted from Zoom

  • Tuesday= : BRICS summit begins. Earnings expected from Baidu, Macy=E2=80=99s,= Lowe=E2=80=99s, Coty, Urban Outfitters, and Dick=E2=80=99s Sporting= Goods=C2=A0

  • Wednesday: = Earnings expected from Nvidia, Peloton, Kohl=E2=80=99s, Foot Locker,= Williams-Sonoma, Bath & Body Works, and Abercrombie & Fitch=

  • Thursday: Ukraine I= ndependence Day. Earnings expected from Burlington, Dollar Tree, TD Bank= , Petco, Weibo, Build-A-Bear, Ulta, Intuit, Gap, and Nordstrom

  • Friday: Fed Chair Powell = to speak at the Jackson Hole Economic Symposium

Authors of = this Snacks own shares of AB InBev, Disney, GM, Mattel, Nvidia, Tesla, Ulta= , and Walmart

*Advertiser's disclosure: Based on $35/month for a= 30-year-old male, preferred plus rating, 10-year term, $1M coverage.

Ladder Insurance Services, LLC (CA license # OK22568; AR license # 3000140= 372) distributes term life insurance products issued by multiple insurers = =E2=80=93 for further details see=C2=A0ladderlife.com. All insurance products are governed by the terms= set forth in the applicable insurance policy. Each insurer has financial r= esponsibility for its own products. Coverage amounts vary by state. This em= ail may be considered advertising under applicable law. =C2=A92017-2023 and= TM, NerdWallet, Inc. All Rights Reserved.230817-3068437

Sherwood Media, LLC prod= uces fresh and unique perspectives on topical financial news and is a fully= owned subsidiary of Robinhood Markets, Inc., and any views expressed here = do not necessarily reflect the views of any other Robinhood affiliate... See more
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