BEFORE THE OPEN

MARKETS:

• Stock futures near flat line after Fed's projections

• Dow futures down 0.04%, S&P 500 futures down 0.1%, Nasdaq 100 futures down 0.2%

• FedEx gains 5% with strong earnings; KB Home falls 2% despite beating expectations

• Klaviyo slips after public market debut

• Previous session ended on a bearish note after Fed's rate hike expectations

• Thursday: Weekly jobless claims and existing home sales data on the calendar

EARNINGS

• Today: Darden Restaurants (DRL)

• Full earnings calendar here

NEWS BRIEFING

Shopify-Backed Klaviyo Closes Up 9.2% in Third Big US IPO in a Week

Airbnb Properties Now Getting a Checkmark to Combat Fake Listings — 59,000 Removed and Counting

• Wall Street closes lower after Fed holds rates steady, warns of higher for longer (more)

  • Powell says soft-landing not baseline, but it's sure in the forecast (more)

• Biden launches paid program for 20,000 young people to train for green jobs (more)

• FTC names three Amazon executives in amended complaint over ‘deceptive’ Prime processes (more)

• MSCI’s China gauge set for 10-month low as pessimism persists (more)

• Michael Bloomberg pumps $500 million into bid to close all US coal plants (more)

• The childcare industry is on the cusp of a crisis (more)

• Striking writers, Hollywood studios to meet again Thursday (more)

• Ark CEO Cathie Wood says she avoided the Arm IPO frenzy (more)

• Huawei unit ships Chinese-made surveillance chips in fresh comeback sign (more)

• Tesla supplier Hota to build first US factory in New Mexico (more)

• Walmart opens a pet center with veterinary care and grooming as it signals bigger ambitions (more)

• Amazon plays catch-up with Alexa generative AI, shows off new, refreshed hardware (more)

• SpaceX countersues Justice Department, seeking to dismiss hiring discrimination case (more)

• LimeWire is back — but this time, it's all about AI (more)

• Why is Y Combinator so defensive lately? (more)

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DEALFLOW

• Goldman raises $14 billion for private equity secondaries fund (more)

• Textron announces option to sell up to 1,500 Cessna Citation aircraft to NetJets (more)

• Kioxia’s banks prep $14 billion loan for Western Digital merger

  (more)

• Stada owners near hiring of banks for sale or IPO (more)

• Aria Growth Partners invests in LesserEvil (more)

• Gemspring acquires ClearCompany (more)

• Lindsay Goldberg purchases Kleinfelder Group (more)

• Proteus buys CSSI (more)

• NFP acquires Divergent Wealth Advisors (more)

• TA-backed Netrisk Group combines businesses with Bauer Media Group (more)

• Mapbox, a provider of a location platform empowering navigation for Toyota, General Motors, and BMW, received a $280M investment from Softbank (more)

• Kyros, a provider of a technology platform offering Substance Use Disorder (SUD) recovery services, raised $10.5M in funding (more)

• Vero Technologies, a provider of a wholesale financing technology and loan servicing platform, raised $8.5M in Series A funding (more)

• Yotta Energy, a provider of solar+storage solutions, raised $8M in funding (more)

• Afterparty, a provider of a platform empowering creators with the tools and technology for personal fan connections and monetization, raised $5M in funding (more)

• Aspinity, a Pittsburgh, PA-based provider of near-zero power AI solutions, raised $5M in Series B funding (more)

• Net At Work, a provider of a digital operations platform and technology solutions for small-to-medium sized businesses, received a growth investment from Lovell Minnick Partners (more)

M & A:

• Cathie Wood's ARK lands on European shores with Rize ETF acquisition (more)

• Bird Global (NYSE:BRDS), an environmentally friendly electric transportation company, acquired Skinny Labs, Inc., (doing business as Spin), a shared electric bike and scooter operator, from Tier Mobility (more)

• Akeneo, a product experience (PX) company and provider of product information management (PIM) solutions, acquired Unifai, provider of an artificial intelligence (AI) data platform (more)

• Gigster, a provider of a custom software development platform, acquired CodersRank, a developer of a ranking SaaS platform (more)

• Acceldata, an enterprise data observability company, acquired Bewgle, a provider of an artificial intelligence platform (more)

• indie Semiconductors (Nasdaq: INDI), an autotech solutions provider, acquired Exalos, a photonics company, specializing in the design of optical semiconductors (more)

CRYPTO

• Citigroup debuts token service in latest foray into digital assets (more)

• New York cracks down on Crypto coin listings with fresh guidance (more)

• U.S. SEC’s Crypto Enforcement Chief warns more charges coming to exchanges, DeFi (more)

• OPNX’s $30 million Hodlnaut bid spurned due to ‘illiquid’ token (more)

BULLISH BITES

👧🏻 ’Betweened’ Wants to Teach Kids How to Use Social Media, Not Shut Them Out of It
Instead of adding parental controls to an already existing platform, Betweened is designed for kids → TechCrunch

🚛 America’s Happiest Workers Run a Chain of Truck Stops
Love’s Travel Stops & Country Stores topped a worker wellbeing survey, besting better-known employers like IBM, Disney and Apple → Bloomberg

DAILY SHARES

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