Good morning.
The Fast Five → Nvidia announces largest stock buyback in history, bond sell-off intensifies, Trump announces plan for largest steel plant in US history, IRS threatens Wall Street crackdown, and bond veteran Jim Bianco turns bullish for first time since 2020…
📌 The Fed just hiked rates and warned more could hit soon. See the one ticker Larry Benedict says could move fast →
(from The Opportunistic Trader)
Calendar: Full Calendar »
Today:
CB Consumer Confidence, 10A
JOLTS Job Openings, 10A
Tomorrow:
Core PCE Price Index m/m, 8:30A
Final GDP q/q, 8:30A
Your 5-minute briefing for Tuesday, September 29:
BEFORE THE OPEN
As of market close 9/28/2026.
Pre-Market:
Market Wrap:
Futures: Dow +15, S&P flat, Nasdaq flat
Mon: Dow -300+, S&P -0.8%, Nasdaq -0.9%
Rising Treasury yields again pressured stocks
10-year yield ended above 5.2%, near 2007 highs
30-year yield topped 5.56%, around a 2004 high
Consumer confidence and job openings are due Tuesday
AMD agreed to acquire AI firm World Labs for $8.2B
EARNINGS
None watched today. Full earnings calendar »
Where to Put $300 Before
the Fed’s Next Hike
The Federal Reserve just warned another rate hike could hit soon…
And one ticker could give you the chance to add big money to your account.
But you need to be positioned before October 28.
- A sponsored message from The Opportunistic Trader -
HEADLINES
Nvidia boosted its share buyback authorization by a record $150B, eclipsing Apple's $110B approval in 2024, making a big bet on its own stock as intensifying AI-chip competition weighs on its performance relative to peers.
Jim Bianco, a Wall Street veteran and longtime market watcher, is turning bullish on US Treasuries for the first time in six years after benchmark yields surged to two-decade highs, creating an enticing entry point.
Dow slides >300 points to start week as Treasury yields pressure stocks (more)
Bond sell-off intensifies as investors weigh macro crosscurrents (more)
Trump and Xi's 'stalemate' summit was a glitzy gift to China (more)
Trump announces plan for $15B steel plant, largest in US history (more)
US finalizes new lower fuel economy standards (more)
IRS threatens crackdown on array of Wall Street tax dodges (more)
Trump's AI meeting with tech CEOs to focus on finding balance (more)
Bessent hires Wall Street economist David Zervos (more)
Gold's luster dims as Treasury yields surge, bet on higher Fed rates (more)
US holiday online sales to grow 6.7% as discounts attract shoppers (more)
Michael Burry thinks the AI bubble ‘may burst’ sooner than he believed (more)
SpaceX's Starship makes orbital debut deploying Starlinks (more)
Shein quarterly profit falls 67% as costs jump, Europe sales slump (more)
Jefferies beats profit estimates on deal surge, equities trading strength (more)
MongoDB stock tanks after Meta poaches CEO (more)
Cruise stocks have hit choppy waters (more)
DEALFLOW
M+A | Investments
AMD to buy Fei-Fei Li's World Labs AI startup for $8.2B
Lifecore Biomedical to be acquired by Webster Equity Partners
Jefferson Energy affiliate acquires crude oil logistics assets from USD Group
Defense tech firm RedLattice merges with Bold Eagle SPAC
Astro Digital to go public via merger with Proem Acquisition Corp I
Temasek buys 9% stake in Italy's FSI, commits to future funds
Unusual Machines, US asset manager invest $10M in Canada's Draganfly
Kairos Power agrees to a $100M strategic investment from Samsung C&T
F2 receives $5M investment from Golub Capital
VC
Instinct, a company building a personal agent for everyday life, raised an additional $1B in its Series C funding round
SiMa.ai, a physical AI company, raised $150M in Series C funding
Outmarket AI, an AI platform for insurance, raised $34.5M in Series B funding
MeantToBe, a dating network called Rivet, raised $10.5M in Seed funding
Presto Phoenix, an enterprise-grade voice AI for quick-service restaurants, raised $10M in funding
Feather, a hardware components and developer platform for humanoid robots, raised $7.6M in Pre-Seed funding
AI Hospitality Group, an AI and hospitality services startup, raised $7.5M in Seed funding
HiringCafe, an agentic job discovery platform, raised $6.8M in Pre-Seed funding
Dextr AI, an AI and hospitality automation startup, raised $6.7M in Seed funding
Overlord Labs, a fabless semiconductor company building battery intelligence infrastructure for compute-intensive devices, raised a $4.35M Seed extension
Mona, an AI platform that helps small businesses access capital and financial coaching, raised $3.5M in funding
CRYPTO
BULLISH BITES
🟢 Where to invest $300 before the Fed’s next hike. *
❓ Who is Fei-Fei Li? And why did AMD just spend $8.2B on World Labs?
🏴☠️ OpenAI has gone rogue.
😱 How Disney is reacting to former CEO’s bitter memoir revealed.
🏡 Owning a home is seen as a financial holy grail. But what if it isn’t?
DAILY SHARES
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