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| | Good morning. | The Fast Five → Volkswagen invests $5 billion in Rivian to form joint venture, the Biden-Trump rematch effect on the stock market, Americans felt shakier about the economy this month, Cruise names former Amazon, Xbox exec as new CEO, and Tesla issues a recall for every cybertruck… | Calendar: (all times ET) | Today: | New home sales, 10:00a | THU 6/27: | Initial jobless claims, 8:30a
Durable-goods orders, 8:30a | FRI 6/28: | PCE index, 8:30a
Consumer sentiment, 10:00a |
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| | Your 5-minute briefing for Wednesday, June 26: | | BEFORE THE OPEN |  | As of market close 6/25/2024. |
| Pre-Market: | | |
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| US Investor % Bullish Sentiment:
↓ 44.37% for Wk of June 20 2024 (Last week: 44.59%) |
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| | | Market Recap: | Stock futures flat Tuesday night; S&P 500, Nasdaq rebound. FedEx +14% after earnings beat; Rivian +46% on VW's $5B investment. Nvidia jumps 7%, snapping three-day loss streak. Concerns over Nvidia's 154% 2024 surge. Wall Street awaits Friday's PCE inflation data. Earnings ahead: General Mills, Paychex; Micron Technology.
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| | | Here's what we're watching this week: | Today: General Mills (GIS), Levi Strauss (LEVI), Paychex (PAYX) Thursday: Lindsay (LNN), McCormick & Company (MKC), Walgreens Boots Alliance (WBA)
| Full earnings calendar here. | |
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| | | |  | Volkswagen would be able to use Rivian's technology in its EVs. EV maker's stock surges in late trading after announcement. |
| |  | US investors contending with inflation, interest rates and geopolitics are already bracing for volatility that could accompany the presidential campaign and November election. |
| Americans felt shakier about the economy in June (more) US business equipment borrowings up 11% in May (more) Bond traders boldly bet on 300 basis points of Fed cuts by March (more) SEC still weighing next steps in court over new hedge fund rules (more) US auto sales expected to slow during the second half of 2024 (more) Big-bank dealmakers will keep moving to boutiques, Taubman Says (more) AI stocks to leave big impact on Russell reconstitution (more) Tesla issues a recall for every Cybertruck (more) Visa-Mastercard credit card fees settlement rejected (more) GM's Cruise names former Amazon, Xbox exec as new CEO (more) Cliff Asness says the machines are making more decisions at AQR (more) Shein's IPO to be a 'badge of shame' for LSE, Amnesty International says (more) Reddit to update web standard to block automated website scraping (more) Waymo opens robotaxi service to all San Francisco users (more)
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| VC | Create Music Group, a music and entertainment company, received a $165M investment (more) Bright Machines, a company specializing in intelligent, software-defined manufacturing, raised $126M in Series C funding (more) Etched, the creator of Sohu, a transformer-specialized AI chip, raised $120M in funding (more) Endogenex, a clinical-stage medical device company, raised $88M in Series C funding (more) Exsilio Therapeutics, a biotech company developing genomic medicines for diseases, raised $82M in Series A funding (more) Route, a post-purchase package tracking solution, raised $40M in Series C funding round at a $1.4B valuation (more) Coder, a development platform that keeps developers in flow, raised $35M in Series B2 funding (more) Formic, a robots-as-a-service automation provider to US manufacturers, raised $27.4M in Series A funding (more) Norm Ai, an AI-powered regulatory compliance platform, raised $27M in Series A funding (more) Deskpro, a company developing flexible help desk software, raised $25M in Series A funding (more) Rocketlane, a PSA and client onboarding platform, raised $24M in Series B funding (more) Cloudian, a company specializing in secure S3-compatible AI data lake platforms, raised $23M in Growth funding (more) Sift, an observability platform for hardware sensor data, raised $17.5M in Series A funding (more) Heyday Health, a virtual care provider focused on Medicare and dual-eligible patients, raised $12.5M in funding (more) Slushy, an adult content platform, raised $10.2M Seed funding (more) CereTax, a sales tax solution provider, raised $9M in funding (more) Zuub, a dental revenue cycle automation company, raised $9M in Series A funding (more) AnchorZero, a platform to leverage Roth IRAs for tax savings and financial growth, raised $8M in Seed funding (more) Freyja Healthcare, an early-stage medical device company specializing in women's health, raised $8M in funding (more) TwoStep Therapeutics, a biotech company developing therapeutics for solid tumors, raised $6.5M in seed funding (more) Metroblocks, a data center infrastructure development startup, raised $5.2M in Seed funding (more) Daytona, an open-source development environment manager, raised $5M in Seed funding (more) Foray Bioscience, a startup deploying plant-based biomanufacturing to protect natural ecosystems, raised $3M in Seed funding (more) Invi MindHealth, a mental health technology company, raised $1.5M in Series Seed funding (more)
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| | | Bitcoin bounces above $62,000, Solana leads cryptocurrencies higher (more) PoliFi Tokens Return to Business After Proof of DJT-Trump Link Fails to Materialize (more) Jump Crypto President Kanav Kariya announces he is stepping down (more)
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| | | | | | | | | DAILY SHARE |  | litquidity @litcapital |  |
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Why does this Series A announcement look like a Coachella lineup |  | | | Jun 26, 2024 | | | | | | 1.2K Likes 67 Retweets 69 Replies |
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|  | Douglas A. Boneparth @dougboneparth | |
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Staring at a computer screen full of stock charts all day isn't good for your health. That's why I stare at 3 screens full of stock charts. It's much healthier. | | | Jun 25, 2024 | | | | | | 562 Likes 28 Retweets 67 Replies |
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|  | Ramp Capital @RampCapitalLLC | |
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Just got back from the dentist, he said I grind in my sleep. Glad someone finally recognized all the hard work I've been putting in. π€ | | | Jun 25, 2024 | | | | | | 467 Likes 23 Retweets 29 Replies |
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|  | Not Jerome Powell @alifarhat79 | |
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Never deleting this app |  | | | Jun 25, 2024 | | | | | | 1.6K Likes 105 Retweets 31 Replies |
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