BEFORE THE OPEN

Pre-Market:

Market Recap:

• S&P 500 up 0.23%, Nasdaq up 0.07%, Dow climbs 0.37%.

• Palantir soars nearly 31% on Q4 revenue beat.

• Spotify up nearly 4% with strong earnings and Premium subscriber growth.

• Expectations for rate cuts push market higher, despite Powell's comments on delayed cuts.

• Today marks around the halfway point of earnings season.

EARNINGS

What we’re watching this week:

• Today: Roblox (RBLX)

  • Walt Disney (DIS) - expected: $1.04 per share (+5.1% YoY) on $23.8B revenue (+1.3% YoY)

• Thursday: Affirm (AFRM), AstraZeneca (AZN), Spirit Airlines (SAVE)

• Friday: PepsiCo (PEP)

Full earnings calendar here

HEADLINES

NYCB’s Credit Grade Is Cut to Junk by Moody’s

Adam Neumann Explores Buying WeWork Out of Bankruptcy

• FAA chief 'confident' agency can keep aviation safe (more)

• US safety board to release initial report on Boeing 737 MAX cabin blowout (more)

• Hedge funds trading Treasuries set to be tagged as dealers by SEC (more)

• Credit card delinquencies surged in 2023, indicating ‘financial stress,’ New York Fed says (more)

• Red Sea trouble threatens US freight recovery (more)

  • Retailers sound alarm over shipping delays, price spikes (more)

• Xi to discuss China stocks with regulators as rescue bets build (more)

• Wall Street snubs China for India in a historic markets shift (more)

• Vanguard quietly embraces AI in $13 Billion of stock funds (more)

• 'Big Short' investor Steve Eisman says Fed shouldn't cut rates now (more)

• ESPN, Fox and Warner Bros. join for sports streaming service (more)

• Tesla is downgraded (more)

• Palantir shares rocket 30% after revenue beat, strong demand for AI (more)

• DocuSign to lay off 6% of workforce (more)

• Honda recalls 750,000 US vehicles over air bag defect (more)

• Meta says it will identify more AI-generated images ahead of upcoming elections (more)

• Microsoft in deal with Semafor to create news stories with aid of AI chatbot (more)

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DEALFLOW

M+A | Investments

• Arglass, a glass container manufacturer, secured over $230M in capital (more)

• Roofing billionaires in $50M talks for Graydon Carter’s glossy newsletter (more)

• Juristat, a provider of patent analytics and workflow automation solutions, received a controlling investment from MBM Capital (more)

• DaySmart Software, a provider of vertically-focused business management software, acquired Time To Pet, a provider of pet care software (more)

• Audax-backed Chartis acquires HealthScape Advisors (more)

• Braemont Capital purchases Loenbro (more)

• Main Post Partners invests in Highland Arms Enterprises (more)

VC

• NinjaOne, a provider of an IT platform for endpoint management, security, and visibility, raised $231.5M in Series C funding (more)

• Ambience Healthcare, a provider of an AI operating system for healthcare organizations, raised $70M in Series B funding (more)

• 10Beauty announced it will launch at the end of this year, having secured $38M in equity financing (more)

• Avnos, a company developing novel hybrid direct air capture technology for carbon dioxide removal, raised $36M in Series A funding (more)

• Colossyan, an AI video for workplace learning company, raised $22M in funding (more)

• Adroit Trading Technologies, a provider of a multi-asset front office EOMS solution, raised $15M in Series A funding (more)

• Synthetaic, a provider of a dual-use model-independent classification and detection platform for image data, raised $15M in Series B funding (more)

• Kin, a digital, direct-to-consumer home insurance company, raised $15M in funding (more)

• Volta Insite announces the successful completion of its seed round funding (more)

• Stellar Sleep, which provides first digital solution for chronic insomnia management, announced today a $6M seed round (more)

• Dexa raises $6M in Seed Funding (more)

• CAMB.AI, a speech AI company, raised $4M in Seed funding (more)

• dataroomHQ, a provider of an operational metrics platform for SaaS companies, raised $3.5M in funding (more)

• GigaStar, a startup focused on human creativity, raised $3M in additional funding (more)

• ALT Sports Data, a provider of sports data and analytics solutions, raised $2.5M in Seed funding (more)

• ActionStreamer, a media streaming platform for IoT devices, closed its $2.4M Series A funding round (more)

• 6AM City, a local daily newsletter company, raised an undisclosed amount in Series A funding (more)

Fundraising

• Trinity Hunt closes $700M Fund VII (more)

• PineBridge Private Credit closes Third Direct Lending Fund (more)

IPO

• ShipBob, an e-commerce startup seeks to hire banks for 2024 IPO (more)

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CRYPTO

• Treasury Secretary Yellen says US needs better stablecoin regulation (more)

• Gemini says crypto lender Genesis moves to sell Grayscale Bitcoin Trust assets (more)

• DCG says Genesis creditors may get unfair windfall under plan (more)

• Bitcoin ETFs mean 'substitution' from gold into BTC will continue, says Cathie Wood (more)

BULLISH BITES

🏈 Investment: $7 million for 30 seconds? To advertisers, the Super Bowl is worth it.

🐲 Toys: Rolls-Royce isn't disclosing the prices of its limited "Year of the Dragon" line, but one look and you'll know why.

🔍 Feeling lost: First-generation social media users have nowhere to go.

🤔 End of pay wall? The great subscription news reversal.

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