Good morning.
The Fast Five → Nvidia posts blowout quarter, global trade tensions grow with no end in sight, dollar and bond markets 'on edge', Meta to pay $18B in social media claims, and Apple sets iPhone launch event for Sept. 9 under new CEO...
📌 Elon Will shock the world again by August 31. WSJ: “The last chance to amass generational wealth.” See the details here →
(from Brownstone Research)
Calendar: Full Calendar »
Today:
Unemployment Claims, 8:30A
Jackson Hole Symposium-Day 1
Tomorrow:
Prelim Payrolls Revision, 10:00A
Jackson Hole Symposium-Day 21
Your 5-minute briefing for Thursday, August 27:
Market Wrap:
Futures: Dow +207 (+0.4%), S&P +0.5%, Nasdaq +0.9%
Wed: Major averages finished near flat
Nvidia jumped 4% after a strong earnings beat
Salesforce and Okta surged on upbeat results
Strong tech earnings lifted sentiment after hours
Fed’s Jackson Hole symposium begins Thursday
Focus shifts to Best Buy, Workday, Affirm, and Gap
EARNINGS
Here’s what we’re watching this week:
Today: *Dollar Tree $DLTR ( ▼ 1.71% ), Gap $GAP ( ▲ 4.96% ), Ulta Beauty $ULTA ( ▲ 1.11% )
Marvell Technology $MRVL ( ▲ 1.97% ) - YoY EPS growth of 38.8% to $.93 on revenue growth of 34.9% to $2.71B
Elon Musk's new patent protects a new invention that could rewrite the future of wealth forever.
It's a radical new form of AI Jeff Brown calls "M.A.G.I…"
One so revolutionary that Elon called it an "infinite money glitch."
Go here to see the details because he believes this is a once-in-a-generation opportunity to potentially create wealth on a scale most people can't even comprehend.
- A sponsored message from Brownstone Research -
HEADLINES
Stocks end tad lower after hot inflation data ahead of Nvidia earnings (more)
Fed seen a bit more likely to hike after inflation data (more)
10-yr Treasury yield rises after PCE inflation report mostly as expected (more)
July data points to a mixed-bag US economy (more)
US inflation remains elevated as GDP growth outlook brightens (more)
Dollar and bond markets 'on edge' ahead of Jackson Hole (more)
Fed, NASA, DOJ among victims of Chinese state-sponsored hacker group (more)
Meta says it’ll pay up to $18B in social media claims (more)
Anthropic to pay Nscale $45B for AI computing power (more)
Amazon to buy 2 million Nvidia chips for data center build-out (more)
Apple sets iPhone launch event for Sept. 9, first under new CEO (more)
Salesforce raises annual forecasts, expands partnership with Anthropic (more)
Abercrombie raises full-year forecasts on robust demand, shares jump (more)
Bill Gates sounds the alarm on an AI transition (more)
Mark Walter's TWG is working with regulators, says 'no fraud' (more)
DEALFLOW
M+A | Investments
Victory Capital to acquire First Eagle in $7B asset management deal
Vanguard strikes deal for fintech platform Altruist
Sports streamer DAZN to buy EverPass Media in US expansion
Prudential to sell 2% for $327M in India asset manager
Zencore receives Investment from Superstep Capital
VC
Imprint, a financial and loyalty platform, raised $2B in new debt financing
Gatik, an autonomous trucking and commercial freight platform, raised $200M in Series D funding
Generalist AI, a physical AI and foundational robotics startup, raised $200M in additional Series B funding
Alice, an AI trust, safety, and security platform, raised $140M in funding
Blank Street, a specialty coffee and matcha retail chain, raised $105M in funding
Unrivaled, a pro women's basketball league, raised over $100M in Series C funding
Stability AI, AI products for professional creatives, raised $76M in Series B funding
Faro AI, a developer of structured data and AI infrastructure for modern clinical development, raised $37.3M in Series B funding
Voya Energy, a clean tech and sustainable energy infrastructure startup, raised $35M in Series A funding
Breedr, a precision livestock platform, raised $27M in Series B funding
Arintra, an enterprise AI platform for healthcare revenue assurance, raised $25M in Series B funding
Transfyr Bio, a physical AI infrastructure platform for laboratory science, raised $25M in Seed funding
Agentrys, an Agentic Design Automation platform for chipmakers, raised $24.5M in total funding
Outer Bio, an AI biotech and dermatology platform developer, emerged from stealth after securing approximately $23M in funding
SiFly Aviation, a provider of long-endurance electric aircraft and multi-drone infrastructure systems, raised $20M in Series A funding
Onos Health, a behavioral health clinical intelligence platform for health plans, raised $17M in Series A funding
OmicsBank, a clinical data infrastructure platform, raised $2.25M in Seed funding
PATH, a provider of purified water packaged in reusable aluminum bottles, raised funding in undisclosed amount
Concordare Trials, a platform that converts static clinical trial PDFs into a structured digital format, raised new funding in undisclosed amount
CRYPTO
BULLISH BITES
🚨 Did Elon Musk just open America's last retirement window? *
💰 Banks fought against Stablecoin. Now they're considering launching their own.
🤖 A.I. is becoming so powerful, it’s stumping those trying to contain it.
🇫🇷 The little-known French company trying to unseat Palantir in Europe.
😎 Silicon Valley’s newest status symbol is a super-rare Sam Altman Swiss watch.
DAILY SHARES
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