Archive | Market Briefing

Apple kills car

Apple cancels decadelong work on electric car, BlackRock ETF hits ‘insane’ volume as Bitcoin passes $57K, Wendy’s plans Uber-style ‘surge pricing’ to fluctuate based on demand, Macy’s to close 150 stores, and American’s spend largest share of income on food in 3 decades...

Market Briefing

Feb 27, 2024

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14 min read

Boeing's fall

Boeing hit by damning report, Jamie Dimon says AI is not just hype, FTC sues to block Kroger/Albertsons merger, Google steps up Microsoft criticism, and Bitcoin breaks $57,000 as big buyers circle...

Market Briefing

Feb 26, 2024

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13 min read

EV Supercar rivals Ferrari

BYD unveils EV Supercar to rival Ferrari, Lamborghini, read Buffett’s annual letter to shareholders here, TSMS founder predicts Japan ‘chip renaissance’, and Alibaba’s co-founder says: “We’re back”...

Market Briefing

Feb 23, 2024

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16 min read

Historic landing

Odysseus becomes first US spacecraft to land on moon in over 50 years, Reddit files to list IPO after two years on sidelines, SEC filing shows Sam Altman is Reddit's third-largest shareholder, Goldman pushes back bet on interest-rate cut to June, and Nvidia fires up AI mania...

Market Briefing

Feb 22, 2024

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14 min read

AI stocks surge

Nvidia (NVDA) shares jump on upbeat forecast, Biden touts $1.2B in student loan relief, Apple releases free new sports app for iPhone, Boeing replaces head of troubled 737 Max program, and Bezos sells more shares bringing total to $8.5 Billion...

Market Briefing

Feb 21, 2024

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13 min read

Awaiting Nvidia

Nvidia (NVDA) down 5% ahead of earnings, Walmart to buy TV maker Vizio for $2.3 billion, Neuralink's first human patient able to control mouse with thoughts, Biden admin slow down key emissions rules, and YouTube now dominates TV streaming in the US...

Market Briefing

Feb 20, 2024

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13 min read

Capital One + Discover

Capital One is acquiring Discover Financial Services, tomorrow’s Nvidia earnings a huge test for AI-led rally, Goldman lifts S&P 500 target to 5,200, more Wall Street firms are flip-flopping on climate, and Zuck explains why tech companies are cutting jobs...

Market Briefing

Feb 16, 2024

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15 min read

ESG backlash

JPMorgan Chase, BlackRock drop out of UN climate alliance, Rubio urges SEC to block Shein IPO on conditions, House won’t pass stopgap to avoid shutdown, Bezos sells more than $2B in Amazon stock for third time this month, and younger generations gained more wealth than older groups since 2019...

Market Briefing

Feb 15, 2024

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13 min read

Move over Alphabet

Cisco to lay off thousands of employees, Uber, Lyft drivers strike across US, Nvidia replaces Alphabet as third most valuable company, SpaceX seeks to move incorporation to Texas, and Lyft CEO says “my bad” on margin error...

Market Briefing

Feb 14, 2024

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14 min read

A $1.3B typo

Wall Street falls as hot inflation data dampens early rate-cut hopes, House Republicans impeach Homeland Security Secretary Mayorkas, Nvidia is now worth more than Amazon, Bezos sells $4B of Amazon stock over four days, and Lyft issues a massive correction to its outlook for earnings margin in 2024...

Market Briefing

Feb 13, 2024

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14 min read

PE Crisis

private equity returns plunge to global financial crisis levels, JetBlue stock jumps after Carl Icahn reports 10% stake,Temu spent millions on six Super Bowl ads trying to win back shoppers, and Uber/Lyft/Doordash drivers to strike on Valentine’s Day for fair pay...

Market Briefing

Feb 12, 2024

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12 min read

Bezos cashes out

Bezos sells $2 billion of Amazon shares, Musk ordered to testify in SEC Twitter probe, Diamondback and Endeavor to form $50 billion energy giant, and Cisco to cut thousands of jobs...

Market Briefing

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