💼 Archegos founder guilty

PLUS - Clooney calls on Biden to drop out of race -your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 July 11, 2024 | [Read Online]( First time here? [Sign up]([»]( Good morning. The Fast Five → Archegos founder found [guilty of fraud]( charges, today’s [inflation report]( to set the tone, S&P/Nasdaq/[Nikkei]( make[record highs](, [HubSpot plunges]( on news Alphabet shelves interest, and George Clooney pens op-ed: “[we need a new nominee](”… From Weiss Ratings » [Nvidia is pivoting]( to solve Big Tech’s $1 Trillion problem Calendar: (all times ET) Today: Initial jobless claims, 8:30 AM Consumer price index (CPI), 8:30 AM FRI, 7/12: Producer price index (PPI), 8:30 AM Consumer sentiment, 10:00 AM Your 5-minute briefing for Thursday, July 11: BEFORE THE OPEN As of market close 7/10/2024. Pre-Market: US Investor % Bullish Sentiment: ↓ 41.74% for Wk of July 04 2024 (Last week: 44.49%) Chart updates every Friday. Market Recap: - Stock futures flat after S&P 500 hits record. - Nasdaq, S&P hit new records as Powell warns on high rates. - S&P +0.07%, Nasdaq +0.14%, Dow -0.13%. - Powell: "Reducing policy restraint too late or too little could weaken economy." - Key data: June CPI today, June PPI Friday. - CPI seen as key test for rate cuts. EARNINGS It’s a light week. Here’s what we’re watching: - Today: PepsiCo ([PEP]() - [Delta Air Lines (DAL)]( - earnings of $2.37 per share (-11.6% YoY) on $15.5B revenue (+5.8% YoY) - Friday: Citigroup ([C](), Wells Fargo ([WFC]() - [JPMorgan Chase (JPM)]( - earnings of $4.55 per share (-4.2% YoY) on $44B revenue (+3.9% YoY) Full earnings calendar [here](. HEADLINES [Archegos Founder Bill Hwang Found Guilty on Fraud Charges]( Former CFO Patrick Halligan is also found guilty of fraud. Jury delivers verdict after deliberating for day and a half. [Clooney Op-Ed: “I Love Joe Biden. But We Need a New Nominee”]( George Clooney calls on Biden to drop out of presidential race. - Today’s US inflation report to set the tone ([more]() - Nvidia leads Nasdaq and S&P 500 to record high closes ([more]() - Fed's Cook: US data consistent with a soft landing ([more]() - BP predicts global oil demand will peak in 2025 ([more]() - Japan's Nikkei smashes past 42,000 mark to all-time high ([more]() - Russia talks up business with India as Modi visits Moscow ([more]() - US, Mexico move to thwart China circumvention of tariffs ([more]() - HubSpot shares plunge 12% on report Alphabet walked from acquisition deal ([more]() - Amazon's cloud launches blitz of new AI products ([more]() - Costco hikes membership fee for the first time since 2017 ([more]() - CNN to cut 100 jobs in major overhaul to focus on digital ([more]() - Citi fined $136M for failing to fix regulatory issues ([more]() - US retailers try to move back-to-school shopping to July ([more]() Nvidia is Pivoting to Solve Big Tech’s $1 Trillion Problem Nvidia ruled the first wave of the AI boom. Its chips are needed by everyone who is serious about artificial intelligence. But Nvidia recently pivoted to a massive new sector. One that is vital to the future of AI. This pivot is already worth at least $1 trillion. And now, three small companies could benefit greatly from Nvidia’s pivot. [Click here now to learn more]( about Nvidia’s next AI move. - sponsored message - DEALFLOW M+A | Investments - NBA finalizes $76B broadcasting deal with Disney, Amazon, Comcast ([more]() - BP signs deal with mall owner Simon Property for over 900 EV chargers ([more]() - Wealth tech startup for doctors raises $200M, eyes M&A ([more]() - Accenture (ACN) has acquired Cientra, a silicon design and engineering services company ([more]() - Series Entertainment, a game development company, acquired Pixelberry, an interactive fiction mobile game studio ([more]() - Accuhealth merges with Signallamp Health, healthtech companies, funded by an add’l investment from Sunstone Partners ([more]() - Medicus IT, a healthcare-focused IT managed services provider, received an investment from FFL Partners ([more]() - Nasuni, an enterprise data platform for hybrid cloud environments, received a majority investment from Vista Equity Partners ([more]() - Rohirrim, a request for proposal (RFP) AI automation platform, received an investment from Bessemer Venture Partners and IBM Ventures ([more]() - Tierra Encantada, a company specializing in Spanish immersion early education, received $38M in investment from Susquehanna Growth Equity ([more]() VC - Vequity, a technology innovator in the business brokerage sector, raised an undisclosed amount in Seed funding ([more]() - Skild AI, an AI robotics company, raised $300M in Series A funding, at $1.5 Billion valuation ([more]() - Regal, a theatre circuits company, raised $250M in funding ([more]() - Hayden AI Technologies, Inc., a company specializing in vision AI solutions for smart cities, raised $90M in Series C funding ([more]() - X-Bow, a producer of advanced solid rocket motors and hypersonics technologies, raised more than $70M in Series B funding ([more]() - Octagos Health, a provider of AI-driven cardiac device monitoring solutions, raised over $43M in Series B funding ([more]() - Volumez, a cloud-aware data infrastructure company, raised $40M in Series A funding ([more]() - Adona Medical, a Shifamed portfolio company that aims to deliver solutions for heart failure, raised $33.5M in Series C funding ([more]() - Mantle, a company specializing in metal 3D printing technology for precision tooling, raised $20M in Series C funding ([more]() - Nagish, a startup using AI to make communication accessible for hard-of-hearing individuals, raised $16M in funding ([more]() - Kuva Systems, a company specializing in methane emissions monitoring for the oil and gas industry, raised $8.7M in funding ([more]() - Lekko, a company helping developers build software through dynamic configuration, raised $4.5M in Seed funding ([more]() - Lucid Green, a smart product identifier platform for the cannabis supply chain, raised $1.4M in funding ([more]() Sponsored [Who are Nvidia’s Silent Partners?]( Many companies partnering with Nvidia have seen their own stocks go up… That includes ASML, up as much as 471% … Super Micro Computer, which has surged as much as 3,244%. And Taiwan Semiconductor, which has soared as much as 4,744%. With Nvidia now pivoting to a new $1 trillion AI superproject … A new set of partners appear to be poised to benefit.[Click here now to find out who they are right away.]( [Privacy Policy/Disclosures]( CRYPTO - Donald Trump to speak at Bitcoin 2024 Conference in Nashville ([more]() - Bitcoin price decline on Germany, Mt. Gox and miner sell pressure may be overblown ([more]() - Texas leaders worry that Bitcoin mines threaten to crash the state power grid ([more]() BULLISH BITES 💣 Bill Hwang's Archegos: [A timeline]( of the fund's spectacular $10 billion failure. 🚀 Wall St veteran: [”I know what Nvidia is going to do next”]( * 🙈 Manipulated: FTC study finds ‘[dark patterns](’ used by a majority of subscription apps and websites. 💸 Shock survey: 46% of Gen Z consumers [rely on parents]( amid inflation squeeze. 🏚 Moving out: A guide on [how to move]( your smart home. DAILY SHARE [tw profile: Not Jerome Powell] Not Jerome Powell @alifarhat79 [tw] All time highs mf’ers 8:04 PM • Jul 10, 2024 2.32K Likes 223 Retweets 71 Replies [tw profile: Trung Phan] Trung Phan @TrungTPhan [tw] What can be: Unburdened by what has bin: 4:18 PM • Jul 10, 2024 1.83K Likes 101 Retweets 22 Replies [tw profile: Autism Capital 🧩] Autism Capital 🧩 @AutismCapital [tw] Babe, wake up. New global evil just dropped. [tw profile: zerohedge] zerohedge @zerohedge Huma Abedin and Alex Soros are engaged 8:16 PM • Jul 10, 2024 234 Likes 19 Retweets 16 Replies What did you think about today's briefing? - [⭐️⭐️⭐️⭐️⭐️ Excellent, keep it comin'!]( - [⭐️⭐️⭐️⭐️ Good stuff]( - [⭐️⭐️⭐️ It was alright]( - [⭐️ Needs work]( Have a comment or suggestion? 💌 [Send us a message](mailto:feedback@marketbriefing.com) [ADVERTISE]( | [SUBSCRIBE]( *from our partners Disclaimer: Market Briefing© is a news publisher. 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