Perplexity’s Bold $34.5B Chrome Bid and the Cooling CPI Lift Markets

Money Masters' Market Movers 33

August 13, 2025

In partnership with

Dear Money Master,

Inflation fears eased this week as July CPI rose just 2.7% annually, slightly below forecasts, fueling optimism for rate cuts. That momentum was matched by market intrigue when Perplexity AI stunned the tech world with a $34.5B bid for Google Chrome, challenging one of the internet’s most dominant products.

China escalated its chip standoff, urging firms to avoid Nvidia and AMD processors for sensitive projects. In the business of sports, Fanatics unveiled its massive ‘ONE’ loyalty program, converting 10M existing users into a points-driven ecosystem.

Earnings painted a split picture: Tencent crushed gaming and ad expectations, AMC lured 26% more moviegoers, and On Holding saw soaring sneaker sales. But not all was rosy, Cava cut its sales forecast, sending shares tumbling and CoreWeave’s shrinking margins overshadowed revenue growth. 🪙💼

📰 Your Daily Financial Digest - August 13th, 2025

🌍 Economics & Finance:

  1. Fed Board Picks Reject Tariff-Inflation Link 🏦
    Stephen Miran and James Bullard say tariffs aren’t driving price growth, aligning with Trump’s push for rate cuts. Miran is tapped to fill the remainder of Adriana Kugler’s term. Read More

  2. July CPI Slightly Below Forecast, Boosting Rate Cut Bets 📉
    Consumer prices rose 0.2% MoM and 2.7% YoY, slightly under expectations. Core CPI climbed 3.1% annually, its highest since February, tempering market worries over sticky inflation. Read More

  3. Fanatics Rolls Out ‘ONE’ Sports Loyalty Program 🎟️
    Members earn points redeemable for merchandise, tickets, and experiences. 10M existing FanCash users will be migrated to the new platform. Read More

💻 Technology:

  1. Perplexity AI Makes $34.5B Play for Google Chrome 🚀
    The AI search startup’s surprise bid exceeds its own valuation, backed by committed investors. Perplexity recently launched its own AI browser, Comet. Read More

  2. China Warns Firms Against Nvidia & AMD Chips 🇨🇳
    Beijing told companies to avoid Nvidia’s H20 and AMD chips for government use, even after U.S. approval to resume limited shipments. Read More

  3. Circle Shares Drop on 10M Stock Offering 📉
    The stablecoin issuer’s stock, up 450% since its June IPO, fell over 5% after announcing 2M new shares plus 8M from existing holders. Read More

💹Earnings:

  1. Tencent Posts Strong Gaming & Ad Growth 🎮
    Q2 revenue jumped 14% YoY to $25.7B, with domestic gaming up 17% and international gaming up 35%. AI-enhanced ad revenue grew 20% as new hits like “Delta Force” drove user engagement. Read More

  2. AMC Narrows Loss, Attendance Jumps 🍿
    Revenue climbed 35% YoY to $1.4B, beating estimates. Net loss shrank to $4.7M, aided by a 26% rise in moviegoer numbers, as blockbusters drew bigger crowds. Read More

  3. On Raises Sales Outlook Despite Tariffs 👟
    The Swiss sneaker maker lifted 2025 revenue guidance to $3.58B after Q2 sales surged 32%. Price hikes offset higher Vietnam import costs without denting demand. Read More

  4. Cava Cuts Sales Forecast After Weak Q2 🥗
    Same-store sales guidance was lowered to 4%-6% after missing revenue estimates. Read More

  5. CoreWeave Beats on Revenue but Margins Shrink 💻
    AI infrastructure provider tripled sales to $1.21B but saw operating margins drop to 2% on high stock comp. Investors are concerned over $11.1B debt load. Read More

A Private Circle for High-Net-Worth Peers

Long Angle is a private, vetted community for high-net-worth entrepreneurs, executives, and professionals across multiple industries. No membership fees.

Connect with primarily self-made, 30-55-year-olds ($5M-$100M net worth) in confidential discussions, peer advisory groups, and live meetups.

Access curated alternative investments like private equity and private credit. With $100M+ invested annually, leverage collective expertise and scale to capture unique opportunities.

To your financial empowerment, The Money Masters Team

P.S. Stay connected! Don't forget to follow us on social media! 📱🌐

DISCLAIMER: This information is for educational purposes only and does not constitute financial advice. The publisher does not accept any responsibility for any losses incurred as a result of actions taken based on the information provided. Always conduct your own research or consult with a financial advisor before making any investment decisions.