BEFORE THE OPEN

PRE-MARKET:

MARKETS:

• Stocks closed higher: S&P 500 up 0.57%, Dow up 0.45%, Nasdaq up 0.75%.

• Top gainers: Intuitive Surgical (10.3%), Lennar (3.5%).

• Market calm ahead of expected Fed rate cuts.

• SEC approved rule changes, opening door for BTC ETF’s.

• Eyes on consumer price index report today (3.2% YoY in December).

• Producer price index due Friday for Fed rate insights.

• Major financial earnings on Friday: JPMorgan Chase, Bank of America, UnitedHealth, Delta Air Lines.

EARNINGS

What we’re watching this week:

• Friday: Bank of America (BAC), BlackRock (BLK), Citigroup (C), JPMorgan Chase (JPM)

  • Delta Air Lines (DAL) - expected: $1.16 per share (-21.6% YoY) on $13.6 billion revenue (+10.3% YoY)

  • Wells Fargo (WFC) - expected: $1.22 per share (+100.0% YoY) on $20.3 billion revenue (+3.5% YoY)

Full earnings calendar here

HEADLINES

SEC Officially Approves Bitcoin ETFs in Watershed for Crypto Market

OpenAI Launches a Store for Custom AI-Powered Chatbots

• Today's inflation report could challenge the market outlook for big Fed rate cuts (more)

• CES live updates (more)

• US bond markets are trimming bets on Treasuries ahead of CPI (more)

• Consumer IPO prospects in 2024 at risk from spending pullback (more)

• Yellen welcomes energy tax-break uptake despite extra costs (more)

• World’s two largest coal consumers won’t be weaning off the fossil fuel anytime soon (more)

• Japan’s Nikkei breaches 35,000 mark briefly; Asia markets rise ahead of U.S. inflation data (more)

• ‘Every detail matters’: Boeing CEO admits mistake as investigators probe midair panel blowout (more)

• Neiman Marcus CEO says there’s ‘no need’ to sell the business as Saks takeover rumors swirl (more)

• Microsoft challenges Apple as world's most valuable company (more)

• SAP to pay more than $230 million to settle bribery charges, U.S. authorities say (more)

• Harvard, MIT tax status probed by Congress over antisemitism (more)

• LeBron James signs trading card deal with Fanatics Collectibles, leaving Upper Deck after 20 years (more)

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DEALFLOW

M & A | INVESTMENTS

• Skydance Media CEO exploring all-cash bid to take control of Paramount (more)

• TechTarget to combine with UK-based Informa's digital businesses (more)

• WPP is considering sale of stake in Bain's Kantar (more)

• Victor Capital Partners acquires The Coats Company (more)

• Blue Wolf completes acquisition of Logistec (more)

• AirDNA purchases Uplisting (more)

• Marlabs, a digital solutions company, acquired Onebridge, a data consulting firm (more)

• Vantage Data Centers, a provider of data center campuses, received $6.4B in Equity Investment from DigitalBridge Group and Silver Lake (more)

• O2X Human Performance, a provider of custom wellness programs for fed agencies, the military, public safety dept’s, and corporations in the U.S., received an investment from Falfurrias Growth Partners (more)

• Lightmatter, a company specializing in photonics compute, received a follow-on investment from SIP Global Partners (more)

• TA invests in CSI (more)

• Orangewood Partners invests in SERVPRO (more)

VC

• NineDot Energy, a developer of community-scale battery energy storage systems, raised $225M in Equity financing (more)

• 120Water, a provider of a cloud-based water management and testing system, received a $43M Growth investment (more)

• Myrobalan Therapeutics, a biotechnology company developing novel oral neurorestorative therapies, raised $24M in Series A funding (more)

• ThayerMahan, a company specializing in autonomous maritime surveillance, closed $20M in follow-on Series C funding (more)

• Rainbow, a digitally-enabled managing general underwriter building forsmall business insurance products raised $12M in funding (more)

• XRHealth, a provider of a healthcare platform in spatial computing, raised $6M in funding (more)

• Peerlogic, an AI-driven dental practice technology company, raised $5.65M in funding (more)

• Karma Wallet, a fintech startup, raised $2M+ in funding (more)

• BusPatrol, a school bus safety technology provider, received a strategic growth investment from GI Partners (more)

• Allied Payment Network, a provider of digital money movement solutions for banks and credit unions, received an investment from RF Investment Partners (more)

• BlueMatrix, a provider of an end-to-end content creation and distribution platform for investment research providers, received an investment from Thoma Bravo (more)

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CRYPTO

• Why are Bitcoin ETFs such a big deal? Gold provides a $100 billion answer (more)

• Ripple to buy back $285 million of its shares, valuing company at $11B (more)

BULLISH BITES

🤫 January’s secret: It’s the best month — once you see why, you may never want it to end.

📱 Nerd out: 18 gadgets from CES 2024 you can buy right now.

💰 2023 VC: Explained in 5 charts.

🐣 Forever young: Millionaire launches anti-aging 'basics' for $333 a month.

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