What’s In This Email

• US Stocks plunge amid growing economic concerns

• Search on the internet as we know it, is over

• Olivia Chow spotted at Toronto’s Caribbean Carnival + some historical context

• Men’s designer vintage

• Notable Spotlight: Mean Girls @ Mirvish

• Notable Plug 🔌

✍️ TAKE NOTE

US Stocks Plunge Amid Growing Economic Fears

US stock markets experienced significant declines on Monday, echoing downturns in Europe and Asia, driven by mounting concerns over an economic slowdown in the United States. The Nasdaq, Dow Jones, and S&P 500 indices opened sharply lower, with technology stocks taking a substantial hit.

Key Takeaways

• Stock Market Declines:

  • The Nasdaq opened 6.3% lower, while the Dow Jones and S&P 500 also saw significant drops.

  • Major tech stocks, including Nvidia, Amazon, and Apple, faced notable declines, with Nvidia down 6.3%, Amazon 4.1% lower, and Apple down 4.8%.

• Global Impact:

  • Stock markets in Europe and Asia also fell, with Japan's Nikkei 225 dropping by 12.4%.

  • European markets saw declines, with the CAC-40 in Paris down 1.4%, and Frankfurt's DAX and the UK's FTSE 100 losing about 2%.

• Economic Concerns:

  • Weak jobs data in the US sparked fears of an economic slowdown, with only 114,000 jobs added in July, far fewer than expected.

  • The US Federal Reserve's decision to hold off on cutting interest rates added to the market anxiety.

  • Concerns about overvalued tech stocks, particularly those heavily invested in artificial intelligence, contributed to the declines.

• Broader Economic Indicators:

  • The US economy grew at an annual rate of 2.8% in the second quarter, stronger than most developed countries.

  • However, mixed signals about the economy's direction persist, with experts divided on whether the US is heading toward a recession.

Why this matters: The sharp declines in US and global stock markets highlight growing fears about an economic slowdown and the potential for a recession. The impact on major technology stocks and the broader market underscores the interconnectedness of global economies and the potential for widespread financial contagion. Understanding these dynamics can help readers navigate the current economic landscape and make informed investment and financial planning decisions.

Read the full article here.

Search as We Know It Is Officially Over

The landscape of internet search is undergoing a seismic shift. While Google remains a colossal force, the emergence of new competitors like OpenAI’s SearchGPT signals a potential disruption in the industry. Despite Google's continued dominance and profitability, the traditional mechanisms of web search are being challenged.

Key Takeaways

• Google’s Dual Reality:

  • Google Search is facing significant threats for the first time in over a decade.

  • Despite potential competition, Google Search still holds a dominant market position and generates immense revenue.

• Emerging Competitors:

  • OpenAI’s SearchGPT represents a new wave of search technology that could challenge Google’s supremacy.

  • The rise of AI-driven search solutions marks a shift in how information is indexed and retrieved online.

• Changing Internet Dynamics:

  • The traditional model of web search is becoming obsolete.

  • New rules, norms, and innovative ideas are necessary to adapt to the evolving internet landscape.

• Tech News Highlights:

  • Amazon’s Alexa project is facing financial challenges, indicating potential reevaluation or strategy shifts.

  • Reviews are in for the Samsung Galaxy Ring, Z Fold 6, and Asus ROG Ally X, showcasing the latest in gadget innovations.

• Lightning Round Topics:

  • Apple Maps is now available on the web, enhancing accessibility and functionality.

  • The NBA is now streaming on Prime Video, expanding sports viewership options.

  • Streaming in 4K is becoming more complex and ad-driven, affecting the viewing experience.

Why this matters: The transformation in search technology is a pivotal moment for internet users and businesses alike. Understanding these changes is crucial for staying ahead in the digital age. As the traditional methods of search evolve, readers can anticipate shifts in how they access information and interact with technology. Keeping abreast of these developments helps in navigating the future of digital engagement and leveraging new tools and platforms effectively.



Read the full article here.

@blogto

Carnival is off to an amazing start!💃🕺 #tiktoktoronto #torontotiktok #torontolife #torontoevents #toronto #caribbean #caribbeancarnival #c... See more

@blogto

Toronto's Caribbean Carnival is this weekend, but did you know about its rich history? 👀🤩 #ForYou #Fyp #Fy #ForYouPage #TikTokToronto #Tor... See more

@chrispoletek

Cameron Alastaire Vintage on Queen St is my new fav place for designer vintage steals #toronto #torontolife #torontotiktok #vintagefashion

Mean Girls The Musical @ Mirvish

mirvishproductions

View more on Instagram

Mean Girls is the hilarious hit musical from an award-winning creative team, including book writer Tina Fey (30 Rock), composer Jeff Richmond (Unbreakable Kimmy Schmidt), lyricist Nell Benjamin (Legally Blonde), director Casey Nicholaw (The Book of Mormon), and producer/proud Torontonian Lorne Michaels (Saturday Night Live).

Get Tickets

🔌 NOTABLE PLUG

🎙️ Get Into It: Not Overthinking podcast. The weekly podcast about happiness, creativity, and the human condition. It's us, Ali and Taimur Abdaal, occasionally joined by guests, talking about things to help us think, do, and be better. Things like social interaction, lifestyle design, mental models... Things that are hard to examine, but important to explore. And hopefully, things that make for a fun and interesting chat every week. Listen on Apple or Spotify.

📄 Notable Hires: Senior Project Manager, Real Estate (T & I) (Telework/Hybrid) @ CBC Radio-Canada (hybrid, Toronto)

🎓 Hope This Helps: Brainybear. Train AI Chatbots in 3 Clicks.
Help Customers Instantly. Build AI Chatbots in 3 Steps and Train in 3 Clicks. Brainybear scans your website or uploaded files to deliver quick, accurate AI answers to customer queries.

🌍 Notable Destinations: Toronto to Montréal ($339 - $405) Dates: August 24 - September 2. Click on this link to see the deal.

🧠 Today We Learned: Michael Phelps has won a record 23 Olympic gold medals; No other Olympian has won more than 9.

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Notable Life is Canada for young professionals, entrepreneurs, and culture generators operated by The Notable Group. Notable Daily inspires ideas and sharpens the minds of over 40,000 top-tier professionals in competitive industries.

Disclosure: While we utilize artificial intelligence (AI) to assist with certain aspects of content development, all information provided in our content is thoroughly vetted and edited by our team of humans. We strive to ensure the accuracy and reliability of all information. However, we recommend that readers conduct research or seek professional advice to make informed decisions. This email may contain sponsored content.