💼 Rate cuts coming

Fed holds rates and indicates three cuts coming in 2024... your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 December 14, 2023 | [Read Online]( ☕️ Good Morning. The Fast Five → Fed holds rates and indicates [three cuts]( coming in 2024, Dow closes [above 37,000]( for the first time, Tesla [recalls]( nearly all vehicles to boost autopilot safeguards, [Etsy]( lays off 11% of its staff, and OpenAI and Axel Springer strike [unprecedented]( deal to offer news in ChatGPT. Full briefing ahead, but first… For over 35 years, Investors Business Daily has learned what it takes to outperform the market and help investors like you gain an edge. Don’t miss another day — Limited-time offer for MB readers: Grab [IBD's Premium Annual Subscription]( today for only $249 - it’s like getting 5 months free! Here’s your 5-min briefing for Thursday: BEFORE THE OPEN As of market close 12/13/2023. MARKETS: - Dow hits record high, closing above 37,000 for the first time. - S&P 500 crosses 4,700, also reaching levels last seen in January 2022. - Nasdaq climbs with all three major indexes hitting fresh 52-week highs. - Federal Reserve signals plans for three rate cuts in 2024, citing eased inflation. - Inflation forecast lowered to 2.4% for 2024, down from 2.6%. EARNINGS What we’re watching this week: - Today: Lennar (LEN) - [Costco Wholesale]( (COST) - expected: $3.41 per share (+11.1% YoY) on $57.7 billion revenue (+8.1% YoY) - Friday: - [Darden Restaurants]( (DRI) - expected: $1.73 per share (+13.8% YoY) on $2.7 billion revenue (+8.0% YoY) Full earnings calendar [here]( NEWS BRIEFING [Fed Holds Rates Steady, Indicates Three Cuts Coming in 2024]( Central bank holds policy rate in 5.25%-5.50% range. Officials see 75 basis points of cuts next year. Fed's 'soft landing' scenario still on the table. [Tesla Recalls Nearly All Vehicles on US Roads Over Lack of Autopilot Safeguards]( NHTSA says Tesla's Autopilot open to 'foreseeable misuse'. Tesla says it will update software to boost safeguards. NHTSA to keep Autopilot probe open as it monitors remedies. - Dow ends at record high as Fed says it sees lower borrowing costs in 2024 ([more]() - 10-year Treasury yield drops to lowest level since August as Fed forecasts easing rates 3 times next year ([more]() - Wholesale prices held flat in November, providing another encouraging inflation signal ([more]() - House approves resolution demanding MIT, Harvard presidents resign after antisemitism testimony ([more]() - Mortgage refinance applications surge as rates drop to 6-month low ([more]() - FCC votes to ban termination fees for cable and satellite services ([more]() - China makes plans to revive economy in 2024 ([more]() - China chip firm powered by US tech and money avoids Biden's crackdown ([more]() - Etsy stock falls after company lays off 11% of its staff, citing ‘very challenging’ environment ([more]() - Citi offers partial early bonuses to encourage staff departures ([more]() - SpaceX valuation climbs to $180 billion ([more]() - OpenAI, Axel Springer strike unprecedented deal to offer news in ChatGPT ([more]() - Man Group CEO Robyn Grew Says Asset Managers Ready for M&A Wave ([more]() - Apple now requires a judge's consent to hand over push notification data ([more]() - Nestle CEO sees weight-loss drugs lifting vitamin sales ([more]() - McDonald's concept CosMc's could win the coffee war against Starbucks and Dunkin' ([more]() TOGETHER WITH INVESTORS BUSINESS DAILY Start investing smarter. For over 35 years, [Investor’s Business Daily]( has armed people like you with the tools and strategies to consistently outperform the market and prosper — no matter the conditions. Now, in a single subscription, you can access all their pro-level tools and strategies designed to boost your profits. “Investor’s Business Daily delivers information you can’t get anywhere else.” -Mike G., subscriber 🔥 Exclusive Offer for MarketBriefing readers: Grab [IBD's Premium Annual Subscription]( today for only $249 - it’s like getting 5 months free! Act quickly, this is a [limited-time offer]( you won’t find anywhere else. DEALFLOW M & A | INVESTMENTS: - AbbVie pays $10.1B for drugmaker ImmunoGen ([more]() - Carlyle weighs $4.6 billion exit for Switzerland’s Acrotec ([more]() - CD&R acquires snack foods manufacturer Shearer’s Foods ([more]() - Integra buys Ethicon for up to $280M ([more]() - Windjammer Capital acquires Bio X Cell ([more]() - Bain Capital buys controlling stake in Swedish infrastructure firm Eleda ([more]() - Cognizant has entered into an agreement to acquire Thirdera, an Elite ServiceNow Partner specializing in advisory, implementation and optimization solutions related to the ServiceNow platform ([more]() - Help at Home PE owners reportedly weigh sale of $3B Healthcare Firm ([more]() - Accel-KKR invests in Ntracts ([more]() - WTWH Media, a Cleveland, OH-based digital-first B2B media and marketing company, acquired Engineering.com, a leading digital B2B media company ([more]() - Morrow Sodali, a company specializing in stakeholder engagement advisory services, acquired Domestique, a corporate communication and reputation management company ([more]() - Perion Network, a multi-channel advertising technology company, acquired Hivestack Inc., a programmatic digital out of home (DOOH) company ([more]() VC - Tome Biosciences, Inc., a programmable genomic integration company, raised $213M in Series A and B funding ([more]() - Bicara Therapeutics, a clinical-stage biotechnology company developing dual-action biologics to elicit a potent and durable immune response, closed a $165M Series C financing ([more]() - Twin Health, a creator of the Whole Body Digital Twin™ service for reversing, improving, and preventing chronic metabolic diseases, raised $50M in funding (more) - Zuper, a provider of solutions to scale and modernize fast-growing businesses with field operations, closed a $32M Series B funding ([more]() - Dimensional Energy, a provider of carbon utilization technology, Sustainable Aviation Fuel production and advanced carbon emissions-derived fuels and materials, raised $20M in Series A funding ([more]() - Verve Motion, a wearable robotics technology company, raised $20M in Series B funding ([more]() - Chalk, a provider of a data platform for machine learning, raised $10M in Seed funding ([more]() - Encellin, a biotechnology company developing a cell encapsulation platform with an initial focus on Type 1 Diabetes, closed a $9.9M financing round ([more]() - Delphina, an LLM-powered copilot for data science, closed a $7.5M seed funding round ([more]() - AllSpice.io, a provider of a hardware development platform for empowers engineers to modernize their collaboration and workflows, raised Additional $6M in Venture funding ([more]() - Featureform, an MLOps feature store for building AI and ML systems, raised $5.5M in Seed funding ([more]() - Inductive Bio, a technology company developing a machine learning (ML) platform designed to accelerate the compound optimization process, raised $4.3M in Seed funding ([more]() - Stem Cell Implants, a provider of biotechnology dental implant, raised an undisclosed amount in Seed funding ([more]() - Provision IAM, a technology company specializing in Identity Security for financial institutions, raised an undisclosed amount in funding ([more]() - Powerside, a provider of power monitoring solutions, received a growth funding of undisclosed amount from Energy Growth Momentum ([more]() - SellersFi (formerly SellersFunding), a FinTech offering innovative financial products to online sellers, raised a funding round of undisclosed amount ([more]() - Zafrens, a multi-modality drug discovery company, raised $23M in funding ([more]() FUNDRAISING - Falfurrias Management Partners, a lower middle-market private equity firm, closed Falfurrias Growth Partners I (FGP), at $400M ([more]() Was this briefing forwarded to you? [Sign Up Here]( CRYPTO - Coinbase unveils plans for enhanced spot markets and reduced latency ([more]() - Crackdown-hit crypto industry sets sights on Abu Dhabi ([more]() - CFTC pushes FTX-inspired rule to protect customers' money ([more]() BULLISH BITES ✨ Magic: With [AI Studio](, Google launches an easy-to-use tool for developing apps and chatbots based on its Gemini model. 🍫 Shortlist: The 13 [best chocolates]( in 2023, tested and reviewed by a professional chocolatier. 🛍 OutShein’d: How Shein outgrew Zara and H&M and [pioneered]( fast-fashion 2.0. 🤑 Pay to play: Welcome to the [ad-free]( internet. 🐝 2024: Want to start your own newsletter? The new year is a perfect time and Beehiiv has everything you need in a single platform (and it’s so easy!)… [start your free trial now]( DAILY SHARES [tw profile: High Yield Harry] High Yield Harry @HighyieldHarry [tw] Let me be the first to say - sorry J Powell Dec 13, 2023 993 Likes 75 Retweets 8 Replies [tw profile: TrendSpider] TrendSpider @TrendSpider [tw] $SPY now $13 from new all-time highs. Dec 13, 2023 723 Likes 79 Retweets 31 Replies [tw profile: low yield lucy] low yield lucy @picotop [tw] saw this on my way home from work Ozempic users are out of control. Dec 13, 2023 74 Likes 3 Retweets 1 Reply 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? [Get tomorrow’s briefing here]( Keep the curation going! [Buy the team a coffee]( ☕️ Have a comment or suggestion? 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