💼 DOJ sues Apple

Apple sued by Justice Department for illegally monopolizing smartphone market, Reddit pops 48% in NYSE debut, US economy on solid ground as weekly jobless claims fall, Gold rises above $2200 for first time, and Trump in line for a $3.5B windfall from stake in Truth Social…All eyes on Jerome Powell, Boeing mulls shedding Airbus work in potential Spirit Aero deal, Nvidia CEO wants enterprise to think ‘AI factory’, Wall St optimism at its highest level since early 2022, and Microsoft taps DeepMind co-founder to spearhead AI push…                                                                                                                                                                                                                                                                                                                                                                                                                 March 22, 2024 | [Read Online]( [Subscribe]( | [Partner]( | [Go PRO]( Good morning. The Fast Five →[Â]([Apple sued]( by DOJ for illegally monopolizing the smartphone market, [Reddit pops]( 48% in NYSE debut, [US economy on solid ground]( as weekly jobless claims fall, [Gold rises]( above $2200 for first time, and Trump in line for a [$3.5B windfall]( from stake in Truth Social… Your 5-minute briefing for Friday, March 22: BEFORE THE OPEN As of market close 3/21/2024. Pre-Market: US Investor % Bullish Sentiment: 43.20% for Wk of Mar 21 2024 (Last week: 45.90%) Market Recap: - Stocks soar to new highs: Dow up 0.68%, S&P 500 0.32%, Nasdaq 0.20%. - Micron Tech jumps 14% on stellar earnings, lifting semiconductor sector. - Megacap tech stocks lead; Reddit surges 48% in debut. - Industrials shine, boosting S&P sector by 1%. - Fed holds rates, hints at 3 cuts; June cut expected, traders watch FedWatch. EARNINGS Next week’s watchlist will post on Monday: Full earnings calendar [here]( HEADLINES [Justice Department]([Sues Apple Over iPhone Monopoly in Landmark Antitrust Case]( The lawsuit alleges that Apple has monopoly power in the smartphone market and leverages control over the iPhone to “engage in a broad, sustained, and illegal course of conduct.” [Reddit Pops 48% in NYSE Debut After Selling Shares at Top of Range]( - US economy on solid ground as weekly jobless claims fall, home sales surge ([more]() - Dollar jumps as Fed starts to look more hawkish than some peers ([more]() - Spot gold rises above $2,200 an ounce for the first time ([more]() - US Treasury key yield curve inversion becomes the longest on record ([more]() - Wall Street and Silicon Valley elites are warming up to Trump ([more]() - Turkey's central bank raises interest rate to 50% despite previous hints of end to hike cycle ([more]() - Swiss central bank cuts rates in surprise move, getting ahead of global peers ([more]() - Micron soars after AI growth helps bolster revenue forecast ([more]() - Trump is in line for a $3.5B windfall from stake in Truth Social ([more]() - Airbus wins jet orders from two Asian customers of rival Boeing ([more]() - Microsoft agreed to pay Inflection $650M while hiring its staff ([more]() - Peltz backed by ISS, business leaders in Disney fight ([more]() TOGETHER WITH TRADINGVIEW Where the world does markets. 👋 Come see what you’re missing! [Join 50 million traders]( and investors taking the future into their own hands. 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[Show me what I’m missing]( - please support our sponsors - DEALFLOW M+A | Investments - Abu Dhabi’s IHC plans to list $27B holding firm next year ([more]() - Clorox to sell some Latin American operations; take $233M charge ([more]() - Tritax Big Box's $1.2B takeover of rival gets board backing ([more]() - Nationwide, Virgin money directors "unanimously" back $3.7B deal ([more]() - Singapore's GIC sells 2.5% stake in Italy's Nexi ([more]() - FNRP acquires Elements Horsham ([more]() - Blackstone finances Sentinel’s purchase of fire unit ([more]() - Osceola-backed Flotilla Partners completes four acquisitions ([more]() - Orangewood-backed SERVPRO buys Live Oak Restoration ([more]() - TA invests in SER ([more]() - PSG invests in Packback ([more]() - AIP invests in Celebrity Coaches ([more]() VC - Frontline Ventures, a venture capital firm focusing on B2B software companies, raised $200M across two funds ([more]() - Capstan Therapeutics, a biotech company dedicated to advancing in vivo reprogramming of cells through RNA, raised 175M in Series B funding ([more]() - Coast, a company offering a way to manage fuel and fleet spending, raised $92M in funding ([more]() - Foundry, a provider of a public cloud for AI/ML workloads, raised $80M in Seed and Series A funding ([more]() - Loyal, a biotech company developing drugs for dogs, raised $45M in Series B funding ([more]() - Pandion, a provider of a parcel network designed for e-commerce residential delivery, raised $41.5M in Series B funding ([more]() - Profluent, an AI-first protein design company, raised $35M in funding ([more]() - Fuel Me, a provider of a fuel procurement and management platform, raised $18M in Series A funding ([more]() - Sevco Security, a provider of a cloud-native cyber asset attack surface management platform, raised $17M in funding ([more]() - Firestorm Labs raises $12.5M in Seed funding ([more]() - BlueFlag Security, an identity-based developer security company, raised $11.5M in Seed funding ([more]() - Tarsal, a data movement company, raised $6M in Seed funding ([more]() - Cleric, a provider of AI-led solutions empowering automated infrastructure management, raised $4.3M in Seed funding ([more]() - LeakSignal, a provider of microservices cybersecurity solutions, raised $1.6M in Seed funding ([more]() - NovaData Solutions, a provider of AI-driven software for property restoration invoice analysis, raised an undisclosed amount in Series A funding ([more]() - KKR agreed to acquire a majority stake in Avantus, a US developer of large utility-scale solar and solar-plus-storage projects ([more]() - Agrovision, a tech-enabled fruit platform, raised an undisclosed amount in Equity funding ([more]() - Hatchworks, a generative-driven development company, received an investment from J Schwan ([more]() - Holistic AI, a provider of an AI governance platform, received an investment from Mozilla Ventures ([more]() CRYPTO Powered by [MILKROAD]([Â]([- Get smarter about crypto in 5 min.]( - Emboldened crypto market participants shrug off SEC’s probe of Ethereum ([more]() - Bitcoin year-end price target raised to $90K at Bernstein ([more]() - MicroStrategy’s plunge shows risk of stock as Bitcoin proxy ([more]() BULLISH BITES 🤖 Google to IBM: How big tech giants are [embracing]( Nvidia’s new hardware and software services. 📺 Dying legacy: How ESPN executives [plan to survive]( the demise of cable TV. 🎉 ‘We’re back!’: Inside NYC’s bullish crypto [party scene](. 🎥 Coming soon: Silicon Valley's [favorite movie](, Dune: Part Two, will soon have a sequel. 📈 Revealed: [Weight-loss stock jumps 121% in one day]( * DAILY SHARES [tw profile: Trung Phan] Trung Phan @TrungTPhan [tw] Reddit’s 50% IPO pop, explained Mar 21, 2024 331 Likes 25 Retweets 14 Replies [tw profile: Work Retire Die] Work Retire Die @WorkRetireDie [tw] Buddy, it's tax season that's the REAL march madness around here 😂😂😂😂😂 Mar 21, 2024 4 Likes 0 Retweets 0 Replies [tw profile: High Yield Harry] High Yield Harry @HighyieldHarry [tw] Of course that’s your contention. you’re a generalist finance bro & haven’t come to your own conclusion your entire life. You just got done reading the latest Matt Levine piece and forming your entire opinion around whatever he just said. Mar 21, 2024 317 Likes 7 Retweets 13 Replies Know someone who would enjoy this? [CLICK TO SHARE]( What did you think about today's briefing? - [⭐️⭐️⭐️⭐️⭐️ Excellent, keep it comin'!]( - [⭐️⭐️⭐️⭐️ Good stuff]( - [⭐️⭐️⭐️ It was alright]( - [⭐️ Needs work]( Like what you see? [Get tomorrow’s briefing here »]( ☀️ Get your briefings before everyone else, [go PRO »]( Have a comment or suggestion? We’d love to hear it! 💌 [Send us a message](mailto:hello@marketbriefing.com) [ADVERTISE]( | [SUBSCRIBE]( *from our sponsors Disclaimer: Market Briefing© is a news publisher. All statements and expressions herein are the sole opinions of the authors or paid advertisers. 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