💼 Turbo-charged

OpenAI announces GPT-4 Turbo at first in-person event… your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 November 07, 2023 | [Read Online]( ☕️ Good Morning. The Fast Five → Israel says it has [isolated]( Gaza City, OpenAI announces [GPT-4 Turbo]( at first in-person event, [WeWork]( files for bankruptcy, [SpaceX]( eyes $15 billion in 2024 sales on Starlink strength, and voters aren’t believing in [Bidenomics](… Here’s your 5-minute briefing for Tuesday: BEFORE THE OPEN As of market close 11/6/2023. MARKETS: - Stocks post narrow gains, continuing last week's rally. - Nasdaq records its longest positive streak since January. - Dow and S&P 500 see their longest winning streaks since July and June, respectively. - Nvidia rises ahead of earnings, while Bumble shares slip on CEO announcement. - SolarEdge Technologies shares fall after Wells Fargo downgrade. - 10-year Treasury yield moves higher, reversing last week's trend. - Stocks are coming off their best week of 2023. - November is historically the best-performing month for the S&P. - Earnings season is winding down, with updates expected from Walt Disney, Wynn, MGM Resorts, and Occidental Petroleum. - Federal Reserve Chair Jerome Powell's speeches will be closely watched for clues about the Fed's rate policy. EARNINGS What we’re watching this week: - Today: Bumble (BMBL), D.R. Horton (DHI), KKR (KKR), Occidental Petroleum (OXY) - Wednesday: Arm Holdings (ARM), Walt Disney (DIS), AMC Entertainment (AMC), Twilio (TWLO) - Thursday: Tapestry (TPR) - [Full earnings calendar here]( NEWS BRIEFING [Microsoft-Backed OpenAI Announces GPT-4 Turbo, Its Most Powerful AI Yet]( OpenAI announced its new, more powerful GPT-4 Turbo AI model during its first in-person event on Monday. It revealed a new option that will let developers create custom versions of its viral ChatGPT chatbot. [WeWork, Once Valued at $47 Billion, Files for Bankruptcy]( Office-sharing company WeWork filed for Chapter 11 bankruptcy protection in federal court Monday. Valued in 2019 at $47B in a round led by SoftBank, the company tried and failed to go public five years ago. - Israel says it has isolated Gaza City after 'large' attack ([more]() - Voters aren’t believing in bidenomics ([more]() - Hedge funds catapulted Treasury shorts to record at wrong time ([more]() - $40,000,000,000 in unrealized losses hits JPMorgan Chase as Bank of America, Wells Fargo and Citigroup face exposure to US Treasuries ([more]() - China’s exports record bigger slump than expected in October ([more]() - SAG-AFTRA says studios’ latest offer falls short of union’s AI demands ([more]() - Google faces off with Epic Games as it enters its second antitrust trial in two months ([more]() - Nike sues New Balance, Skechers for patent infringement over sneaker technology ([more]() - SpaceX eyes $15 billion in 2024 sales on Starlink strength ([more]() - Citigroup considers deep job cuts for CEO Jane Fraser’s corporate overhaul, ‘Project Bora Bora’ ([more]() - Gorman signals plan to step down as Morgan Stanley chair in 2024 ([more]() - The new Bed Bath & Beyond’s CEO is out just as it transitions from Overstock.com ([more]() - Klarna, Europe’s $6.7 billion buy now, pay later firm, sets wheels in motion for eventual IPO ([more]() - Chinese electric truck maker Windrose is seeking US IPO in 2024 ([more]() - Astra defaults on debt agreement, warns it may not be able to raise needed cash ([more]() - Berkshire Hathaway posts a 40% jump in operating earnings, cash pile swells to a record $157 billion ([more]() - Shipping startup Flexport is in crisis mode heading into the holiday season ([more]() TOGETHER WITH COINSMART Buy Bitcoin in minutes [Buying Bitcoin is quick and easy]( with CoinSmart- The world's most accessible crypto exchange. - Designed for beginners, bilt for experts - Instant verification, 24/7 support - Fully registered, safe and secure - [Buy here →]( DEALFLOW - Byju’s in talks to sell US Unit Epic for $400M to Joffre ([more]() - Saudi Arabia eyes stake in $30B Indian cricket league ([more]() - Platinum Equity nears $3B+ deal for Kohler Unit ([more]() - Nowsta, a technology company building operating systems for gig workforces, raised $35M in Series C funding ([more]() - Princeton NuEnergy, a clean-tech innovator specializing in recycling, repurposing, and commercializing lithium-ion battery materials, raised $16M in Series A funding ([more]() - Zelig, a fashion technology company, raised $15M in Series A funding ([more]() - Radius Agent, a provider of a technology-focused, agent-centric real estate brokerage platform, raised $13M in Series B funding ([more]() - Llama, a provider of an access control and governance platform for smart contracts, raised $6M in Seed funding ([more]() - Airloom Energy, an energy company in the field of wind energy generation, raised $4M in Seed in funding ([more]() - Gridiron Capital sells minority stake to RidgeLake ([more]() - Century Box, a provider of folding cartons for store-brand food and consumer products, received an investment from Core Industrial Partners ([more]() - Medidata Detect, a provider of a comprehensive data surveillance and risk monitoring solution that improves data quality and promotes patient safety in clinical trials, received an investment from TFS HealthScience ([more]() - Parkview Dental Partners, a dental service organization (DSO), received an investment from Cathay Capital ([more]() M & A: - Bain Capital Private Equity, an investment firm, is to acquire Guidehouse, a provider of consulting services to the public sector and commercial markets, for $5.3B ([more]() - Kinder Morgan to buy NextEra Energy Partners' Texas pipelines for $1.82B ([more]() - Hilton Grand Vacations to buy Bluegreen in $1.5B deal ([more]() - Bristol Myers buys Orum's blood cancer therapy for up to $180M ([more]() - Accenture (NYSE: ACN) has acquired Innotec Security, a company specializing in cybersecurity-as-a-service, cyber resilience and cyber risk management, expanding its footprint in Spain ([more]() - Signia Aerospace, a portfolio company of Arcline Investment Management, acquired Meeker Aviation and Airfilm Camera Systems, a supplier of aircraft external payload mounts ([more]() - MarketingOps.com, a provider of a community-led platform and private network for marketing operations professionals, acquired MartechGuru, a provider of a management solution ([more]() - Datacor, a provider of process manufacturing and distribution software, acquired LabelCalc, an online nutrition analysis software product and a player in the food and beverage industry ([more]() - Palo Alto Networks (NASDAQ: PANW), a global cybersecurity company, entered into a definitive agreement to acquire Talon Cyber Security, an Enterprise Browser technology company ([more]() - Health Catalyst (Nasdaq: HCAT), a provider of data and analytics technology and services to healthcare organizations, acquired Electronic Registry Systems (ERS), a company specializing in cancer registry software and services ([more]() - Green Street, a provider of commercial real estate intelligence and analytics in the U.S. and Europe, acquired Local Data Company (LDC), a provider of proprietary data and insights on Great Britain's retail and leisure market ([more]() - AVPro Global, an AV signal distribution company, acquired THENAUDIO, a provider of connectivity solutions for processing HDMI and more advanced HDMI eARC signals ([more]() - Greif purchases Ipackchem ([more]() - Central Garden & Pet buys TDBBS ([more]() Was this briefing forwarded to you? ([Sign up here](.) CRYPTO - FTX bankruptcy advisors hand over customer trading data to FBI: Court docs ([more]() - Bitcoin’s grip on Crypto eases after climb in smaller tokens like XRP ([more]() - Visitors report eye burn issues after attending a Bored Ape NFT event in Hong Kong ([more]() BULLISH BITES 💙 Google and Microsoft bet on this [27-year-old]( Stanford alum to make AI work for a billion users ⬇️ Top-ranked [MBA programs]( struggle to reverse declining applications 🚖 Why San Francisco’s [robotaxi]( rollout has been such a mess ✈️ Here are the ‘[unwritten rules](’ of air travel 🏚 You know the real estate market is in the dumps when Hamptons homeowners looking to sell agree to "[massive price cuts](" DAILY SHARES [tw profile: sophie] sophie @netcapgirl [tw] ai startups watching openai dev day Nov 6, 2023 227 Likes 8 Retweets 8 Replies [tw profile: Autism Capital 🧩] Autism Capital 🧩 @AutismCapital [tw] OpenAI afterparties Nov 7, 2023 59 Likes 4 Retweets 7 Replies [tw profile: Chris Bakke] Chris Bakke @ChrisJBakke [tw] I’m assembling my offer to buy WeWork out of bankruptcy. Stay tuned. Nov 7, 2023 102 Likes 6 Retweets 24 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](