BEFORE THE OPEN

MARKETS:

• Nasdaq 100 futures down 0.2% as Nvidia's earnings impact assessed.

• S&P 500 futures dip 0.1%, Dow near flat.

• Nvidia shares slide over 1% in extended trading despite beating Q3 earnings and revenue expectations.

• Concerns rise over Nvidia's stock possibly being overvalued after a 200%+ surge this year.

• S&P 500 and Nasdaq end five-day winning streak; Dow falls 0.18%, S&P 500 down 0.20%, Nasdaq drops 0.59%.

• Federal Reserve maintains restrictive monetary policy, signaling no imminent interest rate cuts.

• Watch for durable goods orders, jobless claims, and consumer sentiment data Wednesday.

• Deere & Co. reports fiscal Q4 results before Wednesday's opening bell.

EARNINGS

Happy Thanksgiving 🦃

• Full earnings calendar here

NEWS BRIEFING

Sam Altman Returns as OpenAI CEO in Dramatic Reversal

Binance CEO ‘CZ’ Agrees to Plead Guilty, Pay $50 Million Fine

• Fed gave no indication of possible rate cuts at last meeting, minutes show (more)

• Israel and Hamas agree to short truce for hostage release (more)

• Biden and Xi’s meeting sent an important signal for U.S. business in China (more)

• U.S. FDIC announces special committee to review allegations of sexual harassment, misconduct (more)

• Home sales fell to a 13-year low in October as prices rose (more)

• Many Americans say their household expenses are outpacing earnings this year (more)

• OpenAI encourages staff to focus on work despite boardroom chaos (more)

• US retailers brace for a tough holiday season despite discounts (more)

• JPMorgan says ‘the golden year’ for carry trades is near its end’ (more)

• If you're in cash, you risk missing out, bond managers of $2.5 trillion say (more)

• Nvidia’s revenue triples as AI chip boom continues (more)

• Sony facing $7.9 bln mass lawsuit over PlayStation Store prices (more)

• Apple illegally withheld benefits from union workers, US Labor Board alleges (more)

• Musk defends himself on X after antisemitic furor deepens (more)

• NFL committed to X partnership despite Musk getting heat (more)

• Uber is said to boost convertible bond issue to $1.5 billion (more)

• Barry Silbert’s crypto empire continues to spiral as ex-NYSE president buys news site CoinDesk (more)

• Tiger Global’s Scott Shleifer steps down as head of private investing (more)

TOGETHER WITH TRADINGVIEW

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DEALFLOW

• Athena Capital seeks $500 million for investments in mission-driven companies (more)

• Material Impact, a deep tech venture capital firm, closed its third fund, at $352M (more)

• Twelve Below, an early stage venture capital firm, closed two funds totaling $108M (more)

• LucidLink, a provider of a storage collaboration platform, $75M in Series C funding (more)

• Interplay, a venture capital firm focused on investing in technology-enabled businesses across Seed, Series A and Series B, closed its third fund, at $45M (more)

• Alto Neuroscience, a mental health company, raised $45M in Series C funding (more)

• Supera Medical, a company advancing a percutaneous ventricular assist device, raised $40M in Series D funding (more)

• Privy, a builder of APIs to onboard users to consumer crypto products, raised $18M in Series A funding (more)

• Vendelux, a provider of an AI-powered event intelligence platform, raised $14M in Series A funding (more)

• Expanso, a company providing open-source software that helps enterprises manage their data needs, raised $7.5M in Seed funding (more)

• Layer AI, an AI-powered provider of a productivity tool for gaming companies, raised $1.8M in seed funding (more)

• Scalestack, a provider of an AI-powered data enrichment, prioritization/activation platform for RevOps, raised $1M in their First funding (more)

• ECOR Global, a company specializing in the manufacture of sustainable materials and circular solutions for the building products and packaging markets, received an investment from Phalanx Impact Partners (more)

• AppBrilliance, a provider of a platform for real-time account-to-account payment acceptance, received a strategic investment from Trust Ventures, the corporate venture capital arm of Truist Financial (NYSE: TFC) (more)

M & A:

• Resources Connection (Nasdaq: RGP), a consulting firm, acquired CloudGo Pte Ltd., a consulting firm and Elite ServiceNow partner (more)

• Spectrum Science, a healthcare and scientific marketing, communications and media firm, acquired CrowdPharm, a healthcare advertising company and its partner consultancy, Hot Iron Health (more)

• OEP acquires TechnipFMC’s Measurement Solutions Business (more)

• Unity Partners-backed NDH buys Stratus Group (more)

• Gridiron-backed Colibri Group buys LLCP’s Therapeutic Research Center (more)

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CRYPTO

• Binance bot huge due to U.S. customers. that was illegal, U.S. says (more)

• Binance's CZ and the end of the 'borderless' Crypto company (more)

• Celsius Network pivots to bitcoin mining after bankruptcy (more)

BULLISH BITES

🤪 House of cards: Inside OpenAI's weird governance structure.

🏚 On the mend: Bad business is breaking the smart home — good regulation can fix it.

🎬 Words of wisdom: Famed director Christopher Nolan on the promise and peril of technology.

🧑‍🎓 What? Students are now earning college credit for small talk.

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DAILY SHARES

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