💼 EV Supercar rivals Ferrari

BYD unveils EV Supercar to rival Ferrari, Lamborghini... your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 February 26, 2024 | [Read Online]( Good morning. The Fast Five → [Bezos, Nvidia, OpenAI]( funding humanoid robot startup, BYD unveils [EV Supercar]( to rival Ferrari, Lamborghini, [read Buffett’s annual letter]( to shareholders, TSMS founder predicts Japan ‘[chip renaissance](’, and [Alibaba’s]( co-founder says: “We’re back”… Calendar: (all times ET) - Tue, 2/27: Durable-goods orders, 8:30a - Consumer confidence, 10:00a - Wed, 2/28: GDP, 8:30a - Thu, 2/29: Consumer sentiment (final), 10:00a Your 5-minute briefing for Monday, February 26: BEFORE THE OPEN As of market close 2/23/2024. Bitcoin as of 2/25/2024. Pre-Market: US Investor % Bullish Sentiment: Market Recap: - U.S. equity futures steady Sunday, eyeing Fed's inflation data & earnings wave - Dow, S&P, Nasdaq futures slightly lower by 0.04% to 0.05% - Last week saw record highs, Dow hits 39,131.53, S&P breaches 5,100, Nasdaq at 52-week high - Investors wary of AI momentum amid economic and inflation concerns - Economic releases: January durable orders, wholesale inventories - High-interest earnings reports expected from Salesforce, restaurants, retailers, Norwegian Cruise, AMC Entertainment, and others EARNINGS What we’re watching this week: - Today: iRobot (IRBT), Zoom (ZM) - Tuesday: eBay (EBAY), VIZIO (VZIO) - [Macy's (M)]( - earnings of $1.96 per share, (+14.6% YOY) on $8.2B revenue (-1.3% YoY) - Wednesday: Duolingo (DUOL) - [Salesforce (CRM)]( - earnings per share of $2.09 (+24.4% YoY) on revenue of $8.5B (+1.6% YoY) - Thursday: Anheuser-Busch InBev (BUD) - [Birkenstock (BIRK)]( - earnings per share of 10 cents on $312.4M in revenue Full earnings calendar [here]( HEADLINES [Bezos, Nvidia Join OpenAI in Funding Humanoid Robot Startup]( Figure AI also gets investments from Intel, Samsung and Amazon Company, valued at roughly $2 billion, is raising $675 million. [Tesla-Beating BYD Unveils $233,450 EV Supercar to Rival Ferrari, Lamborghini]( The Yangwang U9's powertrain delivers up to 1,306 horsepower, allowing the vehicle to sprint from 0 to 100 kilometers per hour in 2.36 seconds. - Consumers are increasingly pushing back against price increases — and winning ([more]() - China's woes won't slow US economy, but excess capacity a concern, says Treasury's Adeyemo ([more]() - China's crackdown on US businesses leaves investors in the wary ([more]() - Argentina markets double down on Milei as investors 'start to believe' ([more]() - TSMC founder Morris Chang predicts Japan 'chip renaissance' ([more]() - TSMC opens first Japan factory as it diversifies away from Taiwan amid US-China tensions ([more]() - Risk models behind world’s best hedge fund strategy are getting a lot harder to crack ([more]() - Berkshire Hathaway operating earnings jump 28% in the fourth quarter, cash pile surges to record ([more]() - Read Buffett’s 2024 annual letter to shareholders ([more]() - Disney, Reliance signed binding India media merger pact ([more]() - Google says Microsoft offered to sell Bing to Apple in 2018 ([more]() - Electric air transport to take off with taxis, ambulances, cargo deliveries by end of this decade ([more]() - VCs may get creative to return investor cash ([more]() - Goldman partner sees return of Big Consumer M&A ([more]() - Rivian, the California car company losing billions a year, lays off hundreds ([more]() - Alibaba had future doubts, now co-founder says: 'We're back” ([more]() A MESSAGE FROM BEHIND THE MARKETS The Biggest Financial Risk Facing America in 2024 Elon Musk has warned about it. Billionaire Sam Zell said, "I can't imagine anything more disastrous to our country." Billionaire Ray Dalio said, "We are going to be in a different world." [See why America's richest investors are sounding the alarm ]( Tip: If email is clipped by Gmail click “read online” in the top right corner DEALFLOW M+A | Investments - Jack Ma-backed Ant outbids Citadel Securities for Credit Suisse’s China JV ([more]() - Broadcom reportedly nears $3.8B sale of remote access unit to KKR ([more]() - Italy's Sogefi to sell filtration unit for over $400 mln to PE firm ([more]() - Datasite, a provider of a SaaS platform used to execute complex projects, acquired Sherpany, a board meeting management software provider ([more]() - Trianz, a digital transformation software company, received a growth equity investment from Capital Square Partners ([more]() - TPG-backed Delinea buys Fastpath ([more]() - Datasite acquires Sherpany ([more]() - Nautic Partners purchases SurfacePrep from CenterOak ([more]() - Ziff Davis buys TDS Gift Cards from MDP and Tornante Company ([more]() - LO3 Capital invests in Diamond Builders ([more]() VC - Antora Energy, a company specializing in zero-emissions industrial heat and power, raised $150M in Series B funding ([more]() - Abridge, the leader in generative AI for clinical documentation, announced an additional $150M investment ([more]() - EigenLayer, a blockchain infrastructure startup, raised $100M in Series B funding ([more]() - Frontier Medicines today announced the close of an oversubscribed $80M Series C financing ([more]() - Fabric, developers of a leading care enablement system humanizing care by automating clinical/admin work, today announced its $60M Series A funding ([more]() - Uhnder, a radar sensor startup, announced a $50M Series D raise ([more]() - Synadia, a creator and maintainer of NATS.io, the open-source cloud and edge-native messaging system for data streaming, raised $25M in Series B funding ([more]() - Axle Health, a provider of scheduling and workforce management software in the home health care, raised $4.2M in Seed funding ([more]() - ISHI Health, an AI-powered virtual clinic specializing in heart failure and complex cardiac disease care, raised $4M in funding ([more]() - Finpilot, a provider of an AI fintech platform for financial analysts, raised $4M in Seed funding ([more]() - Tuned, a digital hearing company providing preventive and comprehensive health for employers, raised $3.2M in seed extension ([more]() - CrewLAB, a provider of a team sports management platform, raised $1.6M in funding ([more]() - Blue Wire, a media production and distribution company, has landed a growth funding package from Decathlon Capital Partners ([more]() IPO - Cruise operator Viking Holdings files confidentially for US IPO ([more]() CRYPTO - Uniswap's UNI jumps 60% on proposal to reward token holders in major governance overhaul ([more]() - Judge signs off on Binance's $4.3B plea deal with US prosecutors ([more]() - Crypto billionaire Mike Novogratz on Bitcoin's next bull run ([more]() BULLISH BITES 🤬 Throwing shade: A lot of Redditors [hate]( the Reddit IPO. ⏭ Skipping ahead? Peter Thiel's $100000 [offer to skip college]( is more popular than ever. 🍔 Ouch: The [high cost]( of eating out in America. ❄️ Beast: Driving a Tesla Cybertruck with [snow tracks](. 🇺🇸 Featured: [The biggest financial risk facing America in 2024]( (Behind the Markets) DAILY SHARES [tw profile: Div] Div @divyamkaushi [tw] Replying to@fundstrat just 5 minutes into my subscription and this cracked me up Feb 24, 2024 15 Likes 2 Retweets 4 Replies Know someone who would enjoy this? [CLICK TO SHARE]( 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? We’d love to hear it! 💌 [Send us a message](mailto:hello@marketbriefing.com) [ADVERTISE](mailto:partner@marketbriefing.com) | [SUBSCRIBE]( Disclaimer: Market Briefing© is a news publisher. 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