💼 Fed is done

Powell hints Fed is done with hikes… your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 November 02, 2023 | [Read Online]( ☕️ Good Morning. The Fast Five → Powell hints Fed is [done with hikes]( - a pivot cheered by markets, IRS announces 2024 [retirement account]( contribution limits, world’s safest market becomes a magnet for [big investors](, BofA indicator shows S&P 500 [gaining 16%]( over next year, and real estate industry takes a [fresh hit]( with verdict… Here’s your 5-minute briefing for Thursday: BEFORE THE OPEN As of market close 11/1/2023. MARKETS: - Stocks rally after Fed keeps interest rates unchanged. - Dow up 0.67%, S&P 500 climbs 1.05%, Nasdaq adds 1.64%. - Information technology stocks gain about 2%. - Semiconductor companies AMD and Micron surge. - Fed maintains rates in the range of 5.25% to 5.5%. - Fed Chair Powell doesn't rule out a hike next month. - Bond yields slide, with 10-year Treasury yield below 4.8%. EARNINGS - Today: Apple (AAPL), DraftKings (DKNG), Palantir Technologies (PLTR), Starbucks (SBUX) - [Full earnings calendar here]( NEWS BRIEFING [BofA Sentiment Indicator Shows S&P 500 Gaining 16% Over Next Year]( Contrarian gauge has record as reliable forward-return signal. Companies, consumers ‘could hold up better than expected.’ [World’s Safest Market Becomes a Magnet for Big Investors]( US government debt was once among the sleepiest corners of finance. No longer. - Biden calls for a ‘pause’ in the Israel-Hamas war ([more]() - Powell hints Fed is done with hikes in pivot cheered by markets ([more]() - Treasury details plans to step up size of bond sales to manage growing debt load and higher rates ([more]() - IRS announces 2024 retirement account contribution limits: $23,000 for 401(k) plans, $7,000 for IRAs ([more]() - US companies add fewer jobs than forecast, ADP data show ([more]() - Private sector payrolls rose 113,000 in October, less than expected, ADP says ([more]() - Adjustable-rate mortgage demand jumps nearly 10% as buyers struggle to afford housing market ([more]() - Real estate industry takes fresh hit with verdict on commissions ([more]() - Jobs and salaries for AI engineer roles are surging ([more]() - JPMorgan is seeking out a partner to accelerate its private credit push ([more]() - Delta lays off some corporate workers to cut costs (more) - Disney to buy remaining 33% stake in Hulu from Comcast for at least $8.6B ([more]() - Disney's ESPN could be valued at $24B, likely buyers include Apple, Verizon ([more]() - Private equity’s slump propels a firm that’s ready to offer cash ([more]() TOGETHER WITH MARKETSMITH Get the most powerful platform available. 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(limited-time offer) DEALFLOW - Hanesbrands is shopping Champion — and WHP Global, Authentic Brands Group are interested in buying ([more]() - KPS Capital Partners closes funds totaling $9.7B ([more]() - Bioluminescence Ventures, a biotech venture firm investing in next-generation medicines, has emerged from stealth with $477M in assets under management across two funds ([more]() - Next Insurance, a technology-first small business insurer, raised $265M in funding ([more]() - Infinitum, a provider of a sustainable air-core motor, raised $185M in Series E funding ([more]() - Saothair Capital Partners, a private equity investment firm, closed its inaugural fund, Saothair Fund I, L.P., at $125M ([more]() - FusionAuth, a provider of a customer identity platform built for developers, raised $65M in Growth Equity funding ([more]() - Chainguard, a software supply chain security company, raised $61M in Series B funding ([more]() - Gate Biosciences, a biotechnology company creating medicines called Molecular Gates, raised $60M in Series A funding ([more]() - Covera Health, a diagnostic technology company, raised up to $50M in additional Series C funding ([more]() - ORO Labs, a provider of a SaaS smart workflow orchestration platform for procurement, raised $34M in Series B funding ([more]() - Genome Insight, a precision healthcare solutions company, raised $23M in Series B-2 funding ([more]() - Free Market Health, a healthcare technology company, raised $20M in Equity funding ([more]() - AdaptX, a self-serve clinical management solution company, raised $10M in funding ([more]() - Slooh, a company specializing in offering live online telescope feeds of the universe and an NGSS-aligned curriculum for school communities, raised nearly $5M in funding ([more]() - Final Offer, a consumer-facing offer management and negotiation platform driven by real estate agents, raised $5M in Series A funding ([more]() - Toposware, a company specializing in zero-knowledge technology, raised $5M in strategic Seed extension ([more]() - Agentio, a provider of an AI-powered ad platform for sponsored creator content, raised $4.25M in Seed funding ([more]() - 1up.ai, a provider of a knowledge automation platform, raised $2.5M in funding ([more]() - Third Time Entertainment, a game development studio, closed a $2M Seed plus round of funding ([more]() - Stockpress, a platform for teams and their file management approach, raised $1.8M in Seed funding ([more]() - LO3 Capital provided a senior subordinated debt investment to support New York based Inspired Beauty Brands (IBB) ([more]() - CModel Data, Inc., a developer of a data modeling and business intelligence tool, received an investment of undisclosed amount from Alabama Futures Fund ([more]() - Cowbell, an adaptive cyber insurance company, raised $25M in Equity funding ([more]() M & A: - US amusement park operators Cedar Fair, Six Flags in merger talks ([more]() - Wellcove by CHCS Services, Inc., an admin of senior market programs, announced the acquisition of AssuriCare, a provider of electronic visit verification and nurse assessment software and services for long-term care insurance carriers ([more]() - Greenbelt Capital Partners acquires Saber Power Services ([more]() - PE-backed Mercer Advisors purchases Singh Advisory ([more]() Was this briefing forwarded to you? ([Sign up here](.) CRYPTO - Crypto winter is over ([more]() - MicroStrategy acquires an additional 155 Bitcoin for $5.3M([more]() - SafeMoon execs arrested by DOJ in fraud investigation, charged by SEC ([more]() - Crypto horrors: Tales of lost Bitcoin wallets ([more]() BULLISH BITES 😱 Why is Wall Street so worried about ‘[refunding](’? 👻 [Spirit Halloween]( lives on, even when the holiday ends and stores close 🍎 Apple has plans to eventually, maybe revolutionize [health care]( 😩 Divide between [CMOs and CEOs]( is growing, research finds ⏰ Build any web page in [<10 minutes]( (“for dummies approved”) DAILY SHARES [tw profile: VCs Congratulating Themselves 👏👏👏] VCs Congratulating Themselves 👏👏👏 @VCBrags [tw] this will never not be funny Nov 2, 2023 484 Likes 24 Retweets 21 Replies Know someone who would enjoy this? 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