BEFORE THE OPEN

MARKETS:

• Stock futures near flat line ahead of August PPI

• Dow futures up 0.03%, S&P 500 up 0.09%, Nasdaq 100 up 0.1%

• Dow falls 0.2% in regular trading, Nasdaq up 0.3%, S&P 500 gains 0.1%

• August core CPI beats estimates at 0.3% monthly and 4.3% annually

• Fed expected to keep rates unchanged, 97% likelihood according to CME FedWatch Tool

• Market volatility likely to persist despite unchanged rates

• 48% probability of rate hike at November meeting

• Upcoming: August producer price index expected to rise 0.4%

• Adobe earnings report expected after Thursday's market close

EARNINGS

Here’s what we’re watching this week:

• Today: Adobe (ADBE)

• Full earnings calendar here

NEWS BRIEFING

Kim Jong Un Meets Putin in Russia as Missiles Launch from North Korea

Future of Entertainment? James Dolan’s New $2.3 Billion Vegas Sphere Is Raising Eyebrows

• Inflation ticks up to 3.7% - key takeaways from US August CPI report (more)

  • Fed on alert for one more hike after ‘disappointing’ inflation (more)

  • Wall Street yawns at ‘not great, no disaster’ CPI (more)

• Apple and Huawai's smartphone rivalry divides China (more)

  • China’s Apple iPhone ban appears to be retaliation (more)

• Bankers’ 40% pay cuts show the China dream fading in its richest cities (more)

• Apple lodges confidentiality protest on Day 2 of Google antitrust trial (more)

• New offer from Ford to UAW is 'most lucrative' in 80 years, CEO says (more)

• Citi plans job cuts as It revamps top management structure (more)

• Tesla unveils Powerwall 3, this time with a built-in solar inverter (more)

• Starbucks founder Howard Schultz steps down from board (more)

• JPMorgan, Bank of America dangle 14% field to get rid of risky M&A debt (more)

• D1’s big bets on venture capital are weighing down its returns (more)

• De Beers ends lab-grown engagement diamonds foray as prices drop (more)

• H&M to sell second-hand clothes at London store (more)

• Caesars Entertainment paid millions to hackers in recent attack (more)

• Blackstone names new credit boss in bid to be $1 Trillion lender (more)

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DEALFLOW

• Denodo, a data management company, received a $336M investment From TPG Growth in a Series B preferred equity (more)

• Sierra Ventures, a venture capital firm, closed its 13th fund, at $265M (more)

• Lyten, a company specializing in 3D graphene decarbonizing supermaterials, raised $200M in Series B Equity funding (more)

• VideoAmp, an adtech company providing measurement, data and software solutions, raised $150M in Series G funding (more)

• Enfabrica, a silicon and software company, raised $125M in Series B funding (more)

• Arialys Therapeutics, a biotechnology company advancing therapeutics for autoimmune neuropsychiatry, raised $58M in Seed funding (more)

• Tarana, a fixed wireless access (ngFWA) technology company, raised $50M in funding (more)

• Kin, a direct-to-consumer home insurance company, raised $33M in Series D extension funding (more)

• Sempre Health, a provider of a solution for behavior-based healthcare pricing, raised $20M in additional funding (more)

• Pulsora, a provider of a platform for enterprise sustainability management, raised $20M in Series A funding (more)

• Performio, an incentive compensation-software company, received $13M in debt financing (more)

• Sonera, a neural data company, raised $11M in Seed funding (more)

• Deduce, a provider of a patented technology platform designed to prevent AI-generated identity fraud, raised $9M in funding (more)

• Vaxess Technologies, Inc., a life sciences company developing a shelf-stable vaccine patch with potential for self-application, raised an additional $9M in venture capital funding (more)

• AuthMind, an Identity SecOps company, raised over $8.5M in Seed funding (more)

• DeLorean Artificial Intelligence, an AI technology development company, raised $7.55M in Series A funding (more)

• Science On Call, a provider of an AI-powered help desk for restaurants, raised $2.6M in Seed funding (more)

• Vieu, a provider of a B2B sales platform, raised $2M in seed funding (more)

• Biodel, a regenerative agriculture company, raised an undisclosed amount in Series A funding (more)

• Starc Systems, a company specializing in reusable temporary containment solutions for occupied renovations, received an investment from North Branch Capital (more)

• Veza, an identity security company, received an investment from The Syndicate Group (more)

CRYPTO

• Coinbase CEO confirms exchange will support lightning, which dramatically speeds up Bitcoin payments (more)

• Mila Kunis and Ashton Kutcher’s ‘Stoner Cats’ NFTs get smoked by the SEC (more)

• PayPal partner Paxos overpaid $510,750 in the largest USD Bitcoin transaction fee ever (more)

• FTX approved to start selling its $3.4 Billion Crypto hoard (more)

BULLISH BITES

🤡 NFTs, Once Hyped as the Next Big Thing, Now Face ‘Worst Moment’
The market for NFTs has plummeted — and may have further to fall → Bloomberg

🎥 [Video] Alex Hormozi interviews Dave Ramsey on wealth creation and business advice 🔥 → YouTube

🤝 Goldman to spread $100M of its wealth across rural small businesses
Small businesses have struggled post-pandemic to adapt to multi-pronged pressures from costlier goods and services as well as acute worker shortages. Goldman Sachs announced plans to invest $100 million in rural U.S. communities, deepening its efforts to bolster small businesses. → Axios

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