US extends lead over China in race for worldâs biggest economy... your pre-market briefing inside â January 26, 2024 | [Read Online]( âï¸ Good morning. The Fast Five â Alphabet, Microsoft and Meta close at [all-time highs](, GDP surprises with [3.3% growth]( last quarter, [US extends lead]( over China in economic race, tech companies [slash thousands of jobs]( pivoting toward AI, and [Southwest Airlines]( removes Boeing Max 7 from 2024 plans⦠Your 5-minute briefing for Friday, January 26: BEFORE THE OPEN As of market close 1/25/2024. PRE-MARKET: MARKETS: - Nasdaq 100 futures down 0.5% after Intel's weak outlook. - S&P 500 futures drop 0.2%; Dow futures slip 0.2%. - Intel stock falls 10% in after-hours trading on disappointing guidance. - S&P 500 and Nasdaq extend winning streak to six days. - Encouraging GDP data boosts investor optimism. - Focus today: upcoming inflation data and earnings reports from Norfolk Southern, Colgate-Palmolive, and American Express. EARNINGS What weâre watching: - Today: American Express (AXP) Full earnings calendar [here]( HEADLINES [US Extends Lead Over China in Race for Worldâs Biggest Economy]( US ends 2023 with a bang while China struggles with a bust. Ex-IMF official calls it âa striking turn of fortunesâ. [Alphabet, Microsoft and Meta Close at All-Time Highs Ahead of Earnings Next Week]( Alphabet shares closed at $151.87, surpassing prior high set in 2021. Microsoft and Meta also reached fresh highs this month. They all report quarterly results next week. - US GDP grew 3.3% last quarter, capping unexpectedly strong year ([more]() - FTC investigating Microsoft, Amazon, and Google investments into OpenAI and Anthropic ([more]([)]( - Yellen touts GDP numbers as a boon to the middle class ([more]() - Biden admin's tightening of natural gas exports raises national security concerns ([more]() - Mortgage rates climb, adding to affordability woes ([more]() - KKR-backed BrightSpring raises $693 Million in IPO priced below range ([more]() - Apple becomes China's top smartphone as shipments dip ([more]() - Southwest Airlines removes MAX 7 from 2024 plans, cuts delivery forecast from Boeing ([more]() - Apple overhauls App Store, iPhone features in EU to appease regulators ([more]() - Tesla stock falls 12% as EV maker warns production growth will be 'notably lower' than 2023 ([more]() - Tech companies are slashing thousands of jobs as they pivot toward AI ([more]() - Microsoft lays off 1,900 workers, nearly 9% of gaming division, after Activision Blizzard acquisition ([more]() - Paramount CEO announces layoffs as cost pressures, take-private talks build ([more]() - Levi Strauss plans to cut at least 10% of its global corporate workforce in restructuring ([more]() - Private equity faces pressures of growing old ([more]() DEALFLOW M & A | INVESTMENTS - BPCE sounds out rivals for asset management tie-up ([more]() - VidIQ, a provider of analytics suite for content creators, acquired Creator Now, a creator education platform ([more]() - Voltron Data, a company accelerating modular and composable data analytics systems, acquired Claypot AI, a real-time AI platform startup ([more]() - Taqtile, a maker of Manifest®, a spatially-enabled work-instruction platform serving the industrial and defense sectors, received an investment from Scout Ventures ([more]() - NPI, a provider of data-driven IT procurement solutions for large enterprises, received an investment from Falfurrias Growth Partners ([more]() - Woolpert acquires Bermello Ajamil & Partners ([more]() - Roper Technologies agrees to buy Procare for $1.86B ([more]() - Halifax Groupâs Case FMS merges with LFX ([more]() - Kain Capital makes follow-on investment in MY DR NOW ([more]() VC - Bastille, a supplier of wireless threat intelligence technology to high-tech, banking, and the intelligence community, raised $44M in Series C funding ([more]() - Captura, a direct ocean capture company, raised $21.5M in Series A funding ([more]() - Elo Life Systems, a food and ingredient company providing a molecular farming platform, raised $20.5M in Series A2 funding ([more]() - Doppel, an AI-native digital risk protection company, raised $14M in Series A funding ([more]() - ZWI Therapeutics, Inc., a biotechnology company focused on the development of protein therapeutics using proprietary new polymers, announced the close of a $10M Series A financing ([more]() - Circular Genomics, a company specializing in advancing circular RNA biomarkers for precision psychiatry and neurology, raised $8.3M in Series A funding ([more]() - Dupr, a provider of a pickleballâs international rating system, raised $8M in funding ([more]() - Marstone, a digital investment and wealth planning firm, raised $8M in Series B funding ([more]() - Isaac Health, a digital health company, raised $5.7M in Seed funding ([more]() - Being Health, a psychiatrist-founded modern mental health practice provider, raised $5.4M in funding ([more]() - AiCure, an AI and advanced data analytics company focused on clinical trials, raised $12M loan refinancing and has also raised an additional $4M+ from its existing investors ([more]() - Krepling, an e-commerce channel management platform, raised $3.3M in seed funding ([more]() - Birdwatch, a home maintenance tech and services company, secured $3.2M in seed funding ([more]() - Attune, provider of an engagement banking platform, closed a seed funding round, raising $2.25M ([more]() - ViralMoment, a provider of AI-powered social video insights and analytics solutions, raised $2.5M in Seed funding ([more]() FUNDRAISING - Wynnchurch closes Fund VI at $3.5B ([more]() - Arlington Capital Partners raises record $3.8B fund ([more]() Was this briefing forwarded to you? [Sign Up Here]( CRYPTO - Bitcoin ETF flows show negative trend for first time since launch ([more]() - SEC pushes back BlackRockâs spot ether ETF decision ([more]() - Crypto fans got what they wanted. So why is bitcoin falling? ([more]() - Spot Ether ETF applications decisions delayed by SEC ([more]() BULLISH BITES ð Eye opening: Read the explosive [resignation letter]( sent by the chairman of Sports Illustrated's publisher. ð¥Â Game-changer: How a [lucky break]( fueled Eli Lillyâs $600 Billion weight-loss empire. ð In the spotlight: The sleepy copyright office in the middle of a [high-stakes clash]( over A.I. ð Palm Beach: What the ultrarich wear to the [grocery store](. ð³ Icon of the sea: Hereâs why Americans are obsessed with big cruise ships. DAILY SHARES [tw profile: sophie] sophie @netcapgirl [tw] âare you using any other birth control besides buying intel instead of nvidia?â Jan 26, 2024 334 Likes 20 Retweets 31 Replies [tw profile: Malibu Barbie] Malibu Barbie @tradwifebarbie [tw] Call me a Boeing 737 Max the way I got a few loose screws Jan 25, 2024 342 Likes 45 Retweets 10 Replies [tw profile: BuccoCapital Guy] BuccoCapital Guy @buccocapital [tw] Whatâs happening to Boeing is what will happen to America if we keep electing 75 year olds Jan 25, 2024 434 Likes 20 Retweets 23 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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