Wall Street cheers Microsoftâs âcoupâ as stock hits all-time high⦠your pre-market briefing inside â November 21, 2023 | [Read Online]( âï¸ Good Morning. The Fast Five â Wall Street cheers Microsoftâs âcoupâ as stock hits [all-time high](, Nearly all of OpenAI [staff threaten]( to follow Altman to Microsoft, [Benioff woos]( disaffected OpenAI staff to Salesforce, Citigroup employees brace for layoffs in management [overhaul](, and Senate committee [subpoenas]( Live Nation and Ticketmaster in months-long probe⦠Your 5-minute briefing for Tuesday: BEFORE THE OPEN As of market close 11/20/2023. MARKETS: - Stock futures hover near the flat line on Monday evening. - Dow futures add 6 points (+0.02%), S&P 500 futures gain 0.02%, Nasdaq 100 futures tick up 0.07%. - Dow gains over 200 points in regular trading; S&P 500 up 0.7%, Nasdaq rises 1.1%. - Microsoft climbs 2% on news of former OpenAI CEO leading its AI research team; Nvidia adds 2.3%, reaching an all-time high. - S&P 500's tech sector gains 1.5%. - Investors await Fed meeting minutes for rate decision; near certainty of rate hold in December. - Quarterly results expected from Loweâs, Best Buy, and HP today. - Shortened trading week due to Thanksgiving holiday with an early Friday close. EARNINGS What weâre watching this week: - Tuesday: Baidu (BIDU) - [Abercrombie & Fitch]( (ANF) - earnings expected: $1.18 per share (vs. 1 cent YoY), revenue: $980.9 million (+11.5% YoY) - [Nvidia]( (NVDA) - earnings expected: $3.10 per share (vs. 58 cents YoY), revenue: $14.9 billion (+152.5% YoY) - Thursday / Friday: Happy Thanksgiving - Full earnings calendar [here]( NEWS BRIEFING [Wall Street Cheers Microsoft's 'Coup' Hiring Altman After OpenAI Ouster, Stock Hits All-Time High]( Microsoft CEO Satya Nadella told CNBC on Monday that the company remains committed to OpenAI and Sam Altman. [Nearly All of OpenAI Staff Threaten to Go to Microsoft If Board Doesnât Quit [Letter]]( Majority of OpenAI employees sign letter seeking new board. Board member Ilya Sutskever is among the signatories. - OpenAI Latest: - Sam Altman is still may return as OpenAI CEO ([more]() - Satya Nadella speaks [[video](] - Benioff woos disaffected OpenAI staff to Salesforce with offer to match pay ([more]() - Microsoft emerges as big winner from OpenAI turmoil ([more]() - Yellen says high food and rent prices are key factors in votersâ negative economic outlook ([more]() - Senate committee subpoenas Live Nation, Ticketmaster after months-long probe ([more]() - As US Dollar weakens, emerging-market currencies are back up after wild year ([more]() - Treasuries climb to erase 2023 losses as Fed cut bets blossom ([more]() - Argentinaâs Milei to face âpainful recessionâ next year, IIF says ([more]() - Fox CEO Lachlan Murdoch meets Zelenskiy in Kyiv in 'very important signalâ ([more]() - UAW workers ratify contracts with Big 3 automakers ([more]() - American Airlines flight attendants ask for permission to strike. Southwest pilots could be next ([more]() - Citigroup employees brace for layoffs, management overhaul ([more]() - Uber is said to boost convertible bond issue to $1.5 billion ([more]() - Barry Silbertâs crypto empire continues to spiral as ex-NYSE president buys news site CoinDesk ([more]() - Musk defends himself on X after antisemitic furor deepens ([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, built for experts - Instant verification, 24/7 support - Fully registered, safe and secure [Buy Crypto in Minutes]( Please support our sponsors DEALFLOW - BlackRock backs Capital Power in $1.1 billion US gas plant deal ([more]() - McDonald's increases its minority stake in China business with Carlyle deal ([more]() - Riverwood Capital raises $1.8 billion for Global Technology Fund ([more]() - Billionaire Birlaâs Carbon Black Unit to raise $1.5 billion loan ([more]() - Seva, a newly-launched growth equity firm investing in customer-centric founders and companies based in New York, closed an $85M debut fund ([more]() - Dwellsy, a rental marketplace with comprehensive data and listings, raised $11.5M in funding ([more]() - Medmo, a medical imaging technology company, raised $9M in funding ([more]() - Saga announces Seed extension raise of $5M for Accelerated ([more]() - Grubbly Farms, a pet food company, raised an undisclosed amount in Series A funding ([more]() - Kind Designs, a climate-tech startup, raised further funding in its seed round ([more]() - Cantai Therapeutics, a company that develops drugs to treat autoimmune and inflammatory disorders, raised a seed funding round of undisclosed amount ([more]() - The National Kidney Foundation (NKF)âs NKF Innovation Fund invested in ZeitLife Transplant Innovations, Inc., a global medical device company specializing in advancing technologies to modernize kidney preservation and logistics ([more]() - Happy Money, a platform for unsecured lending in partnership with credit unions, received an investment of undisclosed amount ([more]() M & A: - Bullish purchases CoinDesk for Digital Currency Group ([more]() - 3E, a provider of compliance solutions for chemical and workplace safety, and sustainable supply chains, acquired Chemycal, a provider of news, intelligence and regulatory insights for product safety professionals managing chemicals ([more]() - Aya Healthcare, a healthcare talent software and staffing company, acquired Winnow AI, a provider of a data science-driven solution that gives access to predictive physician insights to bolster an organizationâs provider recruitment/retention strategies ([more]() - SK Capital Partners completes deal for J&K Ingredients ([more]() - Vista Equity Partners-backed Acquia acquires Monsido from CivicPlus ([more]() - Labcorp buys Legacy Health ([more]() Was this briefing forwarded to you? ([Sign up here](.) CRYPTO - US is seeking more than $4 billion from Binance to end case ([more]() - US SEC sues Kraken crypto exchange over failure to register ([more]() - Tether freezes $225M linked to human trafficking syndicate amid DOJ investigation ([more]() - Bitcoin ETF hype has Wall Street eyeing $100 billion Crypto potential ([more]() BULLISH BITES ð©¸Â Itâs messy: Venture Capitalâs 2023 [bloodbath](, by the numbers ð® Not just kid play: Toy companies aim more products at [older adults]( %. Headâs up: What you need to know about IRS [tax changes]( for 2024 ð¸Â Fool me once: Why did [Americaâs elite]( keep falling for Crypto frauds? ð Cheat sheet: Create amazing content quickly with Canva â [no design skills needed]( DAILY SHARES [tw profile: Trung Phan] Trung Phan @TrungTPhan [tw] The OpenAI saga, explained Nov 21, 2023 94 Likes 8 Retweets 11 Replies [tw profile: Wall Street Memes] Wall Street Memes @wallstmemes [tw] OpenAI Installs Giant Revolving Door to Facilitate Smooth Staff Transition to Microsoft wallstmemes.com/openai-installâ¦
OpenAI Installs Giant Revolving Door to Facilitate Smooth Staff Transition to Microsoft - Wall Street Memes | The No.1 Meme Community, News & Casino
In a move that industry analysts are calling "practically literal," OpenAI has installed an oversized revolving door at its headquarters, easing the transition for the 75% of its staff reportedly planning to join former CEO Sam Altman at Microsoft. The new door, which OpenAI's interim CEO insists is "merely coincidental" to the mass staff exodus, Nov 20, 2023 104 Likes 21 Retweets 14 Replies [tw profile: Ramp Capital] Ramp Capital @RampCapitalLLC [tw] POV: Youâre cleaning your room and find a Schwab statement from 2009 when you sold 10,000 shares of $NVDA at $2 to buy a new car. Nov 20, 2023 1.79K Likes 87 Retweets 63 Replies Know someone who would enjoy this? [CLICK TO SHARE ð¥Â]( What did you think about today's briefing? - [âï¸âï¸âï¸âï¸âï¸ Excellent, keep it comin'!](
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