Calendar:

• Friday, 2/16: Producer Price Index (PPI), 8:30a ET

BEFORE THE OPEN

Pre-Market:

Market Recap:

• Stock futures flat Wed. evening ahead of key data.

• Dow futures down 1 pt, S&P 500 little changed, Nasdaq futures dip.

• Wed. rally falls short of erasing Tue.'s losses after inflation report.

• Investors eye Thu.'s retail sales and jobless claims data.

• Earnings mixed: Cisco down 5%, Tripadvisor up 7%. Shake Shack reporting this morning.

EARNINGS

What we’re watching this week:

• Today: DoorDash (DASH), PENN Entertainment (PENN), Roku (ROKU)

  • Coinbase Global (COIN) - expected: $.04 per share on $820.3M revenue (+30.4% YoY)

  • DraftKings (DKNG) - expected: $.08 per share on $1.2B revenue (+45.2% YoY)

Full earnings calendar here

HEADLINES

Cisco to Lay Off Thousands of Employees

Uber, Lyft Drivers Strike Across US, Demanding Fairer Pay

• Stocks recover after inflation fears roil markets (more)

• Mortgage rates surge higher again, causing homebuyers to pull back (more)

• Japan loses its spot as world's third-largest economy as it slips into recession (more)

• Lyft’s CEO says ‘my bad’ on margin error, ‘it was one zero’ (more)

• Uber stock pops more than 10% on $7 billion share buyback (more)

• Nvidia replaces Alphabet as Wall St's third most valuable company (more)

• Morgan Stanley laying off hundreds in wealth management unit (more)

• Musk woos Chinese suppliers to set up right next door to US (more)

• Microsoft says US rivals are beginning to use generative AI in offensive cyber operations (more)

• BlackRock Bitcoin ETF gains $500M as Wall Street appetite grows (more)

• Michael Burry covers bet against chips ETF, buys health and tech stocks (more)

• SpaceX seeks to move incorporation to Texas from Delaware (more)

• Phoenix Suns owner Mat Ishbia forms new investment group called Player 15 (more)

A SPECIAL MESSAGE FROM BEHIND THE MARKETS

~ please support our sponsors ~

DEALFLOW

M+A | Investments

• BitGo, a digital asset company, acquired Brassica, a provider of investment infrastructure for private securities and alternative investments (more)

• SchoolStatus, a provider of K-12 data-driven solutions that empower student success, acquired SchoolNow, a unified digital publishing platform for K-12 (more)

• Armis, an asset intelligence cybersecurity company, acquired CTCI, a company specializing in AI-powered pre-attack threat technology (more)

• Kelso-backed Armada acquires Wright Companies (more)

• PE-backed Perforce purchases Delphix (more)

• Wrench Group buys Lindstrom Air Conditioning & Plumbing (more)

• GIP buys 50% ownership in Eversource Energy Wind Projects (more)

• Welsh Carson reportedly weighs $3B sale of Avetta (more)

• Blackstone invests in 7 Brew (more)

• PatientFi, a company offering medical practices a technology suite of payment/subscription solutions, received a growth equity investment from Questa Capital (more)

• Kayne Anderson invests in Sapience Analytics (more)

• Vimly Benefit Solutions, a company working in the benefits administration space, received an investment from Rubicon Technology Partners (more)

VC

• IPSecure, a Buy Box brand protection company for brands and e-commerce agencies, raised its second multi seven-figure round of funding (more)

• Latigo Biotherapeutics, a clinical-stage biotechnology company developing non-opioid pain medicines that target pain at its source, raised $135M in Series A funding (more)

• Areteia Therapeutics, a clinical stage biotechnology company, raised additional $75M in Series A funding (more)

• cPacket Networks, provider of an intelligent observability platform, raised $67M in Debt and Equity funding (more)

• Skylo Technologies, a direct-to-device satellite connectivity service provider, raised $37M in funding (more)

• Meter, an internet infrastructure company for businesses, raised $35M in funding (more)

• Rasa, a generative conversational AI platform, completed a $30 million Series C funding round, co-led by StepStone Group and PayPal Ventures (more)

• Hippo Harvest, a controlled environment agriculture (CEA) startup, announced the close of its $21M Series B funding round (more)

• Marqo, a vector search company, raised $12.5M in Series A funding (more)

• Architect Financial Technologies, Inc. an emerging leader in derivatives brokerage services and trading technology, has closed a $12M capital raise (more)

• Overworld, a game studio building high-quality, cross-platform multiplayer RPGs, has closed a seed round of $10M (more)

• Quilter, an AI company building generative circuit board design software, raised $10M in Series A funding (more)

• Document Crunch, a provider on AI-powered contract platform, raised $9M in Series A funding (more)

• Civic Roundtable, a provider of a collaboration platform for government workers, raised $5M in Seed funding (more)

• Artie, a database startup, has closed a Seed round of $3.3M led by Exponent Founders Capital (more)

• Parlay, a provider of a small business loan readiness platform, raised $1.3M in Pre-Seed funding (more)

• Boat Planet, a marketplace for boat repair and maintenance industry, raised $1.2M in Seed funding (more)

• WIT, a provider of a digital activation platform across sports and entertainment, raised an undisclosed amount in funding (more)

Fundraising

• Core Industrial Partners closes two funds totaling $887M (more)

Was this forwarded to you? 
Get tomorrow’s briefing here »

CRYPTO

• Crypto market value climbs back above $2 Trillion in broad rally (more)

• Genesis cleared to sell GBTC shares worth $1.3 Billion (more)

• US Treasury debunks narrative that Hamas relied on crypto to fund terrorism (more)

BULLISH BITES

🔥 Must-see TV: Zuck rips Apple's ‘Vision Pro’ headset in review video and mocks Apple ‘fanboys’.

👔 Personalized: Men used to have wives. Now they have stylists.

☔️ Leader: This little-known startup takes the AI weather prediction crown.

🤖 Overhyped? “It is a mess and not anywhere close to adding value,” Andreessen Horowitz partner Guido Appenzeller tweeted about Copilot, Microsoft's AI assistant.

📈 Small-cap secret: Get the name of NVIDIA’s tiny biotech partner here »

DAILY SHARES

Know someone who would enjoy this?

Like what you see? Get tomorrow’s briefing here

Keep the curation going! Buy the team a coffee ☕️

Have a comment or suggestion? We’d love to hear it!
💌 Send us a message

ADVERTISE | SUBSCRIBE