Good morning.
The Fast Five → Nvidia breaks its post-earnings curse, Alphabet sheds $700B in market value, Venezuela weighs OPEC exit, Citadel notches record $7.3B trading revenue, and Trump family crypto bank backed by Abu Dhabi royal…
📌 Trump issues Emergency Order that Supports Elon Musk's next venture →
(from Altimetry)
Calendar: Full Calendar »
Today:
Prelim Payrolls Revision, 10:00A
Jackson Hole Symposium-Day 21
Monday:
None watched
Your 5-minute briefing for Friday, August 28:
Market Wrap:
Futures: Dow -28 (-0.05%), S&P -0.1%, Nasdaq -0.2%
Thu: Stocks rallied behind Nvidia’s post-earnings surge
Nvidia jumped nearly 9% after strong earnings
Tech had its best session since Aug. 4
Gap surged 15% after naming a new Old Navy CEO
Markets are on track for a winning week
Focus shifts to Warsh’s Jackson Hole speech
EARNINGS
None watched today. See full earnings calendar »
Small Colorado Company Could
Save U.S. Power Grid —
This small Colorado company now owns rights to a tech that could save the entire public power grid from collapse.
And billionaire Sam Altman is now an investor.
- a sponsored message from Altimetry -
HEADLINES
Stocks climb as Nvidia’s bullish forecast lifts investors’ spirits (more)
US in talks with Venezuela to take major stake in oil fields (more)
Venezuela weighs OPEC exit as it deepens US ties (more)
Bessent, Warsh diverge on who should set the price of money (more)
Lutnick to host Altman, Huang at G20 Innovation Ministerial (more)
FTC probing YouTube over social media policies (more)
Trump family crypto bank backed by Abu Dhabi royal (more)
Treasury yields are little changed ahead of Jackson Hole (more)
Investors rotate into tech stocks as inflation concerns ease (more)
Hormuz oil flows rising as Gulf giants' ramp up accelerates (more)
US jobless claims dip again; goods trade deficit widens in July (more)
Citadel Securities notches record $7.3B trading revenue (more)
Best Buy raises annual forecasts as AI spurs device demand (more)
Dollar Tree beats quarterly revenue estimates on steady demand (more)
Two Sigma’s feuding founders head to arbitration in fresh battle (more)
Shein plots post-IPO comeback through dealmaking (more)
DEALFLOW
M+A | Investments
Apollo buys into Atlantic Aviation at near $10B valuation
Boliden to buy controlling Nexa stake in $1.3B deal
ProFound Therapeutics receives $35M investment
Arrive Logistics receives majority equity investment from Mubadala Capital
HBK receives investment from H.I.G. Capital
VC
Regent Craft, a developer and manufacturer of Seaglider vessels, raised $240M in Series B funding
Quaise Energy, a developer of utility-scale superhot geothermal energy, raised $180M in Series B funding
Socure, a provider of trust infrastructure for global identity and risk intelligence, completed a $156M funding round and acquired Fravity
Cyclic Materials, a provider of a technology platform for domestic rare earth recovery and production, raised $75M in financing
RQD*Clearing, a proprietary clearing and custody platform for broker-dealers, RIAs, and foreign financial institutions, raised $74M in funding
Deep Cogito, a post-training research lab focused on reinforcement learning and self-improvement, raised $43M in Series A funding
Digs, an AI and digital twin platform for the residential construction industry, raised $25.3M in Series A funding
Levanta, a creator affiliate platform for modern e-commerce, raised $22M in Series B funding
TerraBlaster, a developer of agricultural hardware and soil-nutrition sensors, raised $12.5M in Seed funding
Legato, a provider of AI hearing glasses, raised $12M in funding
Arga Labs, an AI training environment and software emulation startup, raised $10M in Seed funding
Cloverleaf AI, a full-funnel B2G sales intelligence platform, raised $8M in Series A funding
Maglut Heavy Industries, a rare earths and critical minerals processing startup, raised $3.1M in funding
Hermetiq, a software developer tool and integration automation startup, raised $2.2M in Seed funding
MiiHealth AI, a digital health company providing an agentic AI medical assistant to automate patient intake, raised new funding in undisclosed amount
CRYPTO
BULLISH BITES
💥 ‘SaaSpocalypse’: Salesforce, Anthropic expand partnership.
💀 Millennials believe they are cooked. Employers disagree.
👶🏻 Get a tech job: The rise in high-level science books for infants and toddlers.
🎥 The latest trailer for The Social Reckoning - sequel to The Social Network, dropped.
DAILY SHARES
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