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—— Google Ordered to Pay $2B to Klarna’s Pricerunner Unit; Meta Plans Cloud Unit to Sell AI Compute and Models; Trump Earns $1.16B in Crypto Sales and Memecoin Royalties; Kevin Warsh Vows No Changes to Fed Independence; Tesla Car Deliveries Muddle Along as Investors Await Musk’s AI Consolidation; Nike Executives Warn of Consumer Anxiety; BlackRock …

Continue reading “Market Beats | Google Ordered to Pay $2B to Klarna’s Pricerunner Unit; Meta Plans Cloud Unit to Sell AI Compute and Models; Trump Earns $1.16B in Crypto Sales and Memecoin Royalties; Kevin Warsh Vows No Changes to Fed Independence; Tesla Car Deliveries Muddle Along as Investors Await Musk’s AI Consolidation; Nike Executives Warn of Consumer Anxiety; BlackRock Private Credit Fund Head to Depart”

—— SpaceX’s Blockbuster $25bn Bond Sale Weakens Rapidly in Secondary Market; Novak Djokovic Joins General Atlantic as Global Strategic Adviser; Governor Gavin Newsom Calls for Federal Billionaires’ Tax; New York City Rent Board Votes to Freeze Rents for 1 million Stabilized Apartments; Tesla Quietly Settles Lawsuit Over Fatal 2023 Crash; Billionaire Investor Leon Black Issued …

Continue reading “Market Beats | SpaceX’s Blockbuster $25bn Bond Sale Weakens Rapidly in Secondary Market; Novak Djokovic Joins General Atlantic as Global Strategic Adviser; Governor Gavin Newsom Calls for Federal Billionaires’ Tax; New York City Rent Board Votes to Freeze Rents for 1 million Stabilized Apartments; Tesla Quietly Settles Lawsuit Over Fatal 2023 Crash; Billionaire Investor Leon Black Issued Two Subpoenas After Walking Out of House Epstein Testimony; Apple’s First Touch-Screen MacBook to Rely on M5 Chips”

—— US Consumer Spending Accelerates in May as PCE Inflation Hits Over Three-Year High; Apple Hikes Prices Across Mac, iPad, and Home Lineups; Blue Owl Capital in Advanced Talks to Buy Minority Stake in Cleveland Cavaliers; More Than 1,000 Injured in Back-to-Back Venezuela Earthquakes; Jamie Dimon Names Doug Petno and Troy Rohrbaugh Co-Presidents; Micron Profits …

Continue reading “Market Beats | US Consumer Spending Accelerates in May as PCE Inflation Hits Over Three-Year High; Apple Hikes Prices Across Mac, iPad, and Home Lineups; Blue Owl Capital in Advanced Talks to Buy Minority Stake in Cleveland Cavaliers; More Than 1,000 Injured in Back-to-Back Venezuela Earthquakes; Jamie Dimon Names Doug Petno and Troy Rohrbaugh Co-Presidents; Micron Profits Surge Nearly 15-Fold to Fuel $1.3tn Valuation; Microsoft Hikes Xbox Console Prices by Up to $150”

—— SK Hynix Plans Landmark $29.4 Billion US ADR Listing; Gold Falls Below $4,000; OpenAI Unveils First Custom AI Chip Developed with Broadcom; Florida’s Economic Engine Stalls as Unemployment Surges; Meme-Stock Crowd Rallies Behind Wendy’s to Spark Massive 37% Pre-Market Surge; Candidates Endorsed by Zohran Mamdani Sweep New York Democratic Congressional Primaries; Blackstone Loan on …

Continue reading “Market Beats | SK Hynix Plans Landmark $29.4 Billion US ADR Listing; Gold Falls Below $4,000; OpenAI Unveils First Custom AI Chip Developed with Broadcom; Florida’s Economic Engine Stalls as Unemployment Surges; Meme-Stock Crowd Rallies Behind Wendy’s to Spark Massive 37% Pre-Market Surge; Candidates Endorsed by Zohran Mamdani Sweep New York Democratic Congressional Primaries; Blackstone Loan on Chicago Office Tower Defaults”

—— Oracle Shares Slide as Surging AI Data Center Spending Ignites Profitability Concerns; Knicks Complete Historic 29-Point Comeback in Game 4; Ken Griffin Modifies Multi-Billion Dollar Miami Tower Plan; Trump Pulls Back Threatened Iran Strikes; New El Niño Emerges from Tropics; Gold Slumps to Six-Month Low; Wimbledon Raises Prize Money to Record £64.2mn 1. Oracle …

Continue reading “Market Beats | Oracle Shares Slide as Surging AI Data Center Spending Ignites Profitability Concerns; Knicks Complete Historic 29-Point Comeback in Game 4; Ken Griffin Modifies Multi-Billion Dollar Miami Tower Plan; Trump Pulls Back Threatened Iran Strikes; New El Niño Emerges from Tropics; Gold Slumps to Six-Month Low; Wimbledon Raises Prize Money to Record £64.2mn”

—— US Inflation Jumps to Three-Year High of 4.2% in May; Amazon Inks $17.5 Billion Bank Loan Led by Citigroup; Man Accused of Igniting Historic Los Angeles Wildfire to Face Trial; Private Equity Faces Valuation Reckoning; Bill Gates Arrives on Capitol Hill to Testify Before House Panel; Mega IPOs and Tech Share Sales Set to …

Continue reading “Market Beats | US Inflation Jumps to Three-Year High of 4.2% in May; Amazon Inks $17.5 Billion Bank Loan Led by Citigroup; Man Accused of Igniting Historic Los Angeles Wildfire to Face Trial; Private Equity Faces Valuation Reckoning; Bill Gates Arrives on Capitol Hill to Testify Before House Panel; Mega IPOs and Tech Share Sales Set to End Over Two Decades of Shrinking US Equity Supply; Pimco Warns ‘Credit Loss Cycle Is Upon Us’ as AI Boom Risks Hitting Weaker Borrowers”