Good morning.
The Fast Five → Wall Street traders are having their best year ever, SpaceX sinks below IPO price, PayPal soars on $53B takeover bid, BlackRock assets cross $15 Trillion, and JPMorgan poised to become world's first $1 trillion bank...
📌 Elon Musk is now paying you 15X more than your bank… Thanks to a project he's been working on for the last 27 years. Learn more here →
(from InvestorPlace Media)
Calendar: Full Calendar »
Today:
Retail Sales, 8:30A
Unemployment Claims, 8:30A
Tomorrow:
Consumer Sentiment, 10:00A
Your 5-minute briefing for Thursday, July 16:
BEFORE THE OPEN
As of market close 7/15/2026.
Pre-Market:
Market Wrap:
Futures: Dow +15 (+0.03%), S&P +0.05%, Nasdaq +0.11%
Wed: Dow +151 (+0.3%), S&P +0.4%, Nasdaq +0.6%
Cooler PPI reinforced hopes that inflation is easing
Lower Treasury yields continued to support growth stocks
Strong bank earnings helped sustain market optimism
Strategists say lower rates could broaden the rally
Focus shifts to retail sales, jobless claims, and Netflix
EARNINGS
Here’s what we’re watching:
Today:
*Netflix $NFLX ( ▲ 0.2% ) - EPS of $.79 (+9.7% YoY) on $12.58B revenue (+13.6% YoY)
Why is Elon Giving Away Money?
Elon Musk wants to send you money.
It's a free bonus if you sign up for his new bank. Lots of people are already flocking to the bank — including Star Trek star William Shatner.
- a sponsored message from InvestorPlace -
HEADLINES
SpaceX shares dropped below their IPO price of $135 on Wednesday, falling for a fourth day.
PayPal was valued at $360B in 2021, but that has now fallen to just $36 billion due to competition from Apple Pay and other rivals.
Wall St ends higher on cool inflation data, strong earnings (more)
Trump calls NY Moratorium on AI Data Centers 'Terrible Decision' (more)
Fed's Cook says she is prepared to raise rates if inflation doesn't ease (more)
US producer prices post largest drop in 14 mo, risks still tilt to the upside (more)
Economic activity rising and inflation easing slightly, Fed survey shows (more)
Wall Street banks point to resilient US consumer as loan growth picks up (more)
China posts slowest quarterly GDP growth since 2022 as investment slumps (more)
Oil prices sink, shrugging off renewed Middle East fighting (more)
Morgan Stanley posts record quarterly revenue as trading surges 69% (more)
BlackRock assets cross $15 Trillion, adding $192B of cash (more)
Dimon-led JPMorgan poised to become world's first $1 trillion bank (more)
Citi slides as strong earnings fail to ease spending concerns (more)
JPMorgan, BlackRock, Goldman are tokenizing stocks through DTCC pilot (more)
King Street restricts client withdrawals from its hedge fund (more)
Anthropic moves closer to mega-IPO as bankers line up investor meetings (more)
China's DeepSeek prepares to list shares in Shanghai next year (more)
DEALFLOW
M+A | Investments
UK clears eBay's planned acquisition of Depop from Etsy
CSI acquires Qolo
Wagmo receives investment from Curql
VC
AdvanCell, developer of radiopharmaceutical therapies for cancer, raised $315M in Series D funding
Walden Robotics, a Physical AI company building general-purpose robots, raised $300M in funding
Brinc, a public safety drone technology company, raised $125M in funding
Cover Genius, developer of infrastructure for embedded protection, raised $100M in funding
Spectro Cloud, provider of AI infrastructure management software, raised $100M in Series D funding
Lumin Digital, a compounding growth platform for banks and credit unions, raised $70M in new funding
Senra Systems, a software-driven manufacturing company optimizing wire harness production, raised $65M in Series B funding
TytoCare, remote physical examination technology with FDA-cleared medical devices, raised $25M+ in funding
Rime, provider of an enterprise voice AI platform, raised $24M in Series A funding
Cyclops, a fintech startup providing stablecoin infrastructure for payments companies, raised $20M in Series A funding
InsideDesk, provider of AI-powered revenue cycle management solutions for dental service organizations, raised $12.6M in funding
Speakeasy, an operations and intelligence platform for live experiences, raised $8.8M in total funding
Pure, a financial infrastructure platform for peer-to-peer games, raised $8M in Seed funding
Auxilium Health, a medical tech startup, raised $3.4M in Seed funding
CRYPTO
High-level WH meeting planned to hash out Clarity Act ethics section (more)
Bitcoin nears $65K as cooling US inflation guts the Fed rate-hike trade (more)
BlackRock's crypto assets fall 39% despite $15 billion of net inflows (more)
Visa, Mastercard, Ripple join the standard letting AI agents pay in stablecoins (more)
BULLISH BITES
🟢 Elon’s new currency (Buy Now) *
🥂 Wall Street traders are having their best year ever.
🤖 AI’s next bottleneck is power, not compute.
🌭 The one thing everyone in America can agree on? Costco.
💤 Inside LA’s quietest warehouse party — where attendees trade EDM for blankets.
DAILY SHARES
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