💼 SBF: Guilty

Sam Bankman-Fried found guilty on all counts… your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 November 03, 2023 | [Read Online]( ☕️ Good Morning. The Fast Five → Sam Bankman-Fried [found guilty]( on all counts, House passes Israel aid tied to [IRS cuts](, the race to [regulate AI]( has begun, FTC: [Amazon]( made $1 billion via secret price raising algo, and Wall Street titans fuel Ivy league [donor revolt](… Here’s your 5-minute briefing for Friday: BEFORE THE OPEN As of market close 11/2/2023. MARKETS: - Nasdaq 100 futures slip after Apple's quarterly results. - Apple shares fall 3% due to weak revenue outlook. - Square stock rises 13% on earnings beat and guidance raise. - Thursday's regular session sees a broad stock rally. - October jobs report's outcome could impact market momentum. - Dow on pace for its best weekly performance since October 2022. - S&P 500 and Nasdaq set for their best week since November 2022. - Upcoming earnings reports include Church & Dwight, Dominion Energy, and Cardinal Health. EARNINGS - [Full earnings calendar here]( NEWS BRIEFING [GUILTY OF ALL CHARGES]( The FTX founder was convicted of all seven federal charges. [FTC: Amazon Made $1 Billion Through Secret Price Raising Algorithm]( Amazon used a series of illegal strategies to stay on top of online retailing including using an algorithm to push up prices to U.S. households by $1B+ the FTC said in complaint. - House passes Israel Aid tied to IRS cuts, triggering Biden clash ([more]() - Powell touting tight financial conditions causes them to loosen ([more]() - The race to regulate AI has begun ([more]() - US regional banks shares surge after Bill Gross says they have hit bottom ([more]() - Toronto stock exchange has 1 IPO this year in historic dry spell ([more]() - The US housing market has become an impossible mess ([more]() - UAW President is ready to take on Tesla ([more]() - Goldman Sachs to promote 608 to managing directors, down from 2021 ([more]() - Apple’s CEO struggles to soothe concerns that iPhone is in trouble in China ([more]() - Uber’s shipping CEO says the freight recession is at a new tipping point ([more]() - Amazon’s Jeff Bezos announces move to Miami from Seattle ([more]() - Toyota recalls 1.8 million RAV4’s due to battery fire risk ([more]() - Cheerios maker sees American consumers turning to cheaper brands ([more]() - Shein turns to Western executives to become even more global ([more]() - The definitive account of how WeWork went from a $47B valuation to a basket case in just 6 weeks ([more]() - More Ivy Fallout: - Wall Street titans help to fuel Ivy League donor revolt ([more]() - Investor Steve Eisman tells Penn to take his name off scholarship as school faces criticism during Israel-Hamas war ([more]() - Top law firms send letter to top schools - they won’t recruit from college campuses that tolerate antisemitism ([more]() DEALFLOW - Bee Partners, a venture capital firm specializing in DeepTech preSeed investments, closed its fourth fund, at over $50M ([more]() - Stellaromics, a provider of in situ spatial multi-omics technology, raised $25M in Series A financing round ([more]() - Xage Security, a real-world zero trust cybersecurity company, raised $20M in additional funding ([more]() - Payroll Integrations, an employee financial well-being technology company, raised $20M in Series A funding ([more]() - Genezen, a cell and gene therapy contract development and manufacturing organization (CDMO), raised $18.5M in Growth Equity funding ([more]() - Aclarity, Inc., a leader in PFAS (Per- and Polyfluoroalkyl Substances) “forever chemical” destruction, closed its $15.9M Series A funding round ([more]() - ProJenX, Inc., a biotechnology company, announced the initial closing of a $15M Series A financing ([more]() - Govly, a market network for public sector procurement, raised $9.5M in Series A funding ([more]() - Work Shield, a workplace misconduct incident management technology company, raised $6M in funding ([more]() - Dashtoon, a provider of a platform for storytellers and their content, raised $5M in Seed funding ([more]() - Treads, a car maintenance subscription platform, raised $4.6M in seed funding ([more]() - Zephr, a developer of next-generation GPS technologies, raised $3.5M in seed funding ([more]() - Responsiv, a provider of an AI Assistant for in-house legal teams, raised $3M in Seed funding ([more]() - ClinOne, a provider of a technology platform connecting, informing, and empowering patients in global clinical trials, raised $2M in additional funding ([more]() - Real Estate Business Analytics, a data analytics company, received a multi-million dollar growth funding from Decathlon Capital Partners ([more]() - Final Offer, a consumer-facing offer management and negotiation platform driven by real estate agents, raised $5M in Series A funding ([more]() M & A: - Intevity, a digital technology consultancy company, acquired Techabo, a digital consulting agency ([more]() - Summit 7, a provider of cybersecurity and compliance services for the defense industrial base, acquired CSW Systems, a provider of managed services and continuous compliance support for classified data processing facilities ([more]() - qBotica, a technology and automation solutions provider, acquired Healthomation, a healthcare automation company ([more]() Was this briefing forwarded to you? ([Sign up here](.) CRYPTO - Year's best-performing Crypto token is tied to Sam Bankman-Fried ([more]() - Crypto push splits bulls and bears at $900 billion fund manager ([more]() - PayPal faces SEC subpoena over its PYUSD stablecoin ([more]() BULLISH BITES 🦄 10 years since the term ‘[unicorn](’ was coined, we’ve almost come full circle 🐎 '[The Hermès Game](': how the luxury house is defying the slowdown 🚫 'Doritos Silent', or "the world's first [AI-augmented snack](," brings crunch cancellation technology to gamers 😩 HBO made employees create fake social media accounts to Hhrass TV critics? Absolutely [insane]( 🙌 Explore 1000's of hands-on classes and [one month free]( with Skilllshare DAILY SHARES [tw profile: Ramp Capital] Ramp Capital @RampCapitalLLC [tw] Your honor, my client said he was sorry multiple times on Twitter. Nov 11, 2022 2.27K Likes 172 Retweets 38 Replies [tw profile: Dr. Parik Patel, BA, CFA, ACCA Esq.] Dr. Parik Patel, BA, CFA, ACCA Esq. @ParikPatelCFA [tw] SBF should be in jail for this thread alone Nov 3, 2023 490 Likes 24 Retweets 22 Replies Know someone who would enjoy this? [CLICK TO SHARE 🔥Â]( What did you think about today's briefing? - [⭐️⭐️⭐️⭐️⭐️ Excellent, keep it comin'!]( - [⭐️⭐️⭐️⭐️ Good stuff]( - [⭐️⭐️⭐️ It was alright]( - [⭐️ Needs work]( Like what you see? [Subscribe Now]( Keep the curation going! [Buy the team a coffee]( ☕️ Have a comment or suggestion for MarketBriefing? We’d love to hear it! [Send us a message](mailto:hello@marketbriefing.com) -mb [tw]( Update your email preferences or unsubscribe [here]( © 2023 MarketBriefing 99 Wall St, Ste 314 New York, NY 10005, United States of America [[beehiiv logo]Powered by beehiiv](