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BEFORE THE OPEN

Pre-Market:

Market Recap:

• S&P 500 futures up 0.7%, Nasdaq 100 up 1%; Dow adds 0.1%.

• Nvidia soars 9% after record revenue, AI-driven growth.

• Nasdaq eyes rebound after 3-day slump; down 1% this week.

• Fed minutes caution on rate cuts; focus on inflation data.

• Thursday: jobless claims, home sales; earnings: Moderna, Booking, Intuit.

EARNINGS

What we’re watching this week:

• Today: Intuit (INTU), Live Nation (LYV), Moderna (MRNA), Wayfair (W)

• Friday: Warner Bros. Discovery (WBD)

Full earnings calendar here

HEADLINES

Nvidia Posts Record Revenue Up 265% on Booming AI Business

Apple Releases Free New Sports App for iPhone

• Biden touts $1.2B in student loan relief with eye to 2024 (more)

• Minutes show Fed officials remained worried that inflation could stop cooling (more)

• Banks should be managing risks from fintech partnerships, regulator says (more)

• IRS to begin ‘dozens of new audits’ of corporate jets in crackdown of corporations, higher earners (more)

• Mortgage demand takes a massive hit as interest rates cross back over 7% (more)

• Japan’s Nikkei surpasses 1989 all-time high on robust corporate earnings (more)

• AI and semiconductor stocks surge after Nvidia’s earnings beat (more)

• Palo Alto Networks plunges by most ever after cutting outlook (more)

• Private equity payouts at major firms plummet 49% in two years (more)

• The $8 Trln ETF market is ready for Its next move after crypto (more)

• Google launches two new open LLMs (more)

• Boeing replaces head of troubled 737 Max program (more)

• JetBlue joins other airlines and raises checked luggage fees (more)

• Bezos sells more shares, bringing total To $8.5B (more)

• Rivian lays off 10% of workforce as EV pricing pressure mounts (more)

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DEALFLOW

M+A | Investments

• Propelr, a payment acceptance provider, acquired Ireland Pay, a merchant services company (more)

• Archer, a company providing an integrated risk management solution, acquired Compliance.ai, a provider of AI-driven regulatory change management solutions (more)

• SVP acquires majority ownership of Hornblower (more)

• Podium Education, an experiential education company for universities, acquired Untapped, a provider of an early career talent platform (more)

• Highstreet IT Solutions, a cloud-focused Oracle implementation and managed services provider, received an investment from CIVC Partners (more)

• MidOcean-backed Cloyes acquires Automotive Tensioners (more)

• Harwood Private Equity buys Crest Foods (more)

• Resurgens-backed Wellspring acquires Sopheon (more)

• LPL Financial Purchases Atria Wealth Solutions (more)

• Havenly buys The Citizenry (more)

• Heartwood-backed Amlon buys EcoWerks (more)

• Divcon Controls, a provider of systems integrator delivering automation and monitoring solutions, received an investment from Goldman Sachs Alternatives (more)

• CLARA Analytics has received an investment from Nationwide Ventures (more)

VC

• Kairos Aerospace, a company specializing in high-frequency aerial methane detection for the energy industry, raised $52M in Series D in funding (more)

• Cagent Vascular, a commercial stage medical device company, raised $30M in Series C funding (more)

• Oula, a maternity care company, raised $28M in Series B funding (more)

• HealthSnap, a provider of a remote patient monitoring and chronic care management solution for healthcare providers, raised $25M in Series B funding (more)

• Qloo, a cultural AI company, raised $25M in Series C funding (more)

• AtmosZero, a company focused on decarbonizing steam, raised $21M in Series A funding (more)

• Orkes, a provider of a platform for distributed systems, raised $20M in funding (more)

• Blackbird Health, a neuroscience-led and technology-backed youth mental health provider, raised $17M in Series A funding (more)

• Empowerly, a data-driven education technology company, raised $15M in funding (more)

• Insamo, a biotechnology company advancing membrane-permeable and orally available cyclic-peptides, raised $12M in Seed funding (more)

• BridgeCare, a provider of a data and technology infrastructure platform for early care and education, raised $10M in funding (more)

• Ventiva, a company specializing in active cooling solutions for electronic devices, raised $10M in Series C funding (more)

• Novity, a provider of predictive maintenance AI for process industry clients, raised $7.8M in funding (more)

• Conservation Labs, an artificial intelligence (AI) company, has raised a $7.5-million Series A funding round led by RET Ventures (more)

• ZipLines Education, an education tech company, raised $6.4M in Series A funding (more)

FUNDRAISING

• CVC adds to fundraising spree with $6.8B Asia Fund (more)

• Keystone Capital, a lower middle market alternative investment manager, closed Fund III, at $630M (more)

• Hack VC, a web3 venture capital firm, closed its Venture Fund I, at $150M (more)

• Ibex Investors, LLC, a multi-stage and multi-strategy investment firm, closed its fourth Israel-focused fund, Ibex Israel VC II LP, with $106M in capital commitments (more)

CRYPTO

• Ether could be the next 'institutional darling,' Bernstein says (more)

• Bitcoin steady over $52K;traders target $55K in short-term (more)

• Japan moves to allow investment funds to hold crypto (more)

BULLISH BITES

🏛 Breaking custom: Pursuing ‘American dynamism,’ Andreessen Horowitz ups its game in DC.

⚖️ Courtside: Trader fired over off-color joke challenges hedge fund secrecy.

❤️ Still in love: The people keeping old tech en vogue.

😔 Can we solve loneliness? These startups are betting on it.

🇺🇸 Featured: Is Elon Musk preparing for death of the dollar? (Dylan Jovine)

DAILY SHARES

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