Apple of your i's

Apple unveils first major product in a decade, Amazon unfazed by protests, Dave Ramsey faces $150M suit, Gen Z investment strategy? …FOMO, and Walmart stays on top for 11th year…

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Market Briefing
June 06, 2023

Good Morning.

Apple unveils first major product in a decade, Amazon unfazed by protests, Dave Ramsey faces $150M suit, Gen Z investment strategy? …FOMO, and Walmart stays on top for 11th year…

Here is your market briefing for today…

BEFORE THE OPEN

As of market close 6/5/2023

Markets: 

  • Stock futures slid a smidge Monday night after a day of financial musical chairs that shaved off some of last week's gains.

  • Dow futures shed 22 points, or around 0.07%. Meanwhile, S&P 500 and Nasdaq-100 futures, not wanting to be left out, managed to trip down by 0.06% and 0.1%, respectively.

  • All this follows a less-than-stellar day at the market show, where last week's applause was replaced by a modest booing. The Dow ended Monday down about 0.6%, with the S&P 500 and Nasdaq Composite trying to play it cool, only shedding 0.2% and 0.1%, respectively.

EARNINGS

What we’re watching this week:

  • Today: Cracker Barrel Old County Store (CBRL)

  • Tomorrow: Campbell Soup (CPB), Lovesac (LOVE)

  • Thursday: DocuSign (DOCU)

NEWS BRIEFING

  • The Apple Vision Pro headset will cost $3,499, out early 2024 (more)

  • S&P 500 ends lower as traders eye potential pause in rate hikes (more)

  • Walmart tops Fortune 500 for 11th consecutive year (more)

  • Amazon is changing its deliveries to cut shipping times (more)

  • Spotify lays off 200 employees (more)

  • Over 40% of Gen Z investing is driven by FOMO (more)

  • Amazon is unfazed by remote workers protesting its return-to-office mandate (more)

  • Palantir and AI a match made In heaven (more)

  • Dave Ramsey faces $150M suit promoting company accused of fraud (more)

  • Restaurant chain Cava seeks to raise $274 Million in IPO (more)

  • Mainland nvestors snap up most Hong Kong shares in two years (more)

  • Intel to raise about $1.5 billion in sale of part of Mobileye (more)

  • Return of student loan payments will stretch household budgets (more)

  • Taylor Swift teaches real-life supply and demand lessons (more)

  • Private credit is poised for a multi-trillion-dotlar boom (more)

CRYPTO

  • US sues Binance and founder Zhao over 'web of deception' (more)

  • Binance exec controlled US affiliate’s accounts (more)

  • Google Searches For Bitcoin Reach Lows Not Seen Since 2020 (more)

  • Musk faces lawsuit for alleged manipulation of crypto market (more)

  • Ripple begins work on a cross-border network for digital assets (more)

  • Core Scientific self-mined bitcoin output grows 17% in May (more)

SHARES


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