💼 Apple kills car

Apple cancels work on electric car, ending decadelong effort... your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 February 28, 2024 | [Read Online]( Sponsored by Good morning. The Fast Five → [BlackRock ETF]( hits ‘insane’ volume as Bitcoin passes $57K, [Apple cancels]( decadelong work on electric car, Wendy’s plans [Uber-style]( ‘surge pricing’ to fluctuate based on demand, [Macy’s]( to close 150 stores, and [American’s spend]( the largest share of income on food in 3 decades… Calendar: - Today, 2/28: GDP, 8:30a ET - Thu, 2/29: Consumer sentiment (final), 10:00a ET Your 5-minute briefing for Wednesday, February 28: BEFORE THE OPEN As of market close 2/27/2024. Pre-Market: US Investor % Bullish Sentiment: 44.28% for Wk of Feb 22 2024 Market Recap: - Stock futures near flatline Tue. eve. - Dow futures down 0.1%, S&P 500 flat, Nasdaq 100 down 0.08%. - eBay jumps 4% in after-hours; raises dividend, plans $2B buyback. Urban Outfitters falls 11% on Q4 miss. - S&P 500, Nasdaq up 0.17%, 0.37%; Dow slips 0.25% Tue. - Markets cautious, S&P, Dow off recent highs. - Wed: TJX, Viatris earnings AM; Salesforce PM. - Economic: wholesale inventories today; PCE reading Thu, Fed's inflation gauge. EARNINGS What we’re watching this week: - Today: 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 [Bitcoin Passes $57,000 as BlackRock ETF Hits ‘Insane’ Volume Records]( BlackRock’s Bitcoin spot ETF surpassed $1 billion in daily trading volume on Monday. This places BlackRock’s ETF among the top 11 ETFs in terms of volume. [Apple Cancels Work on Electric Car, Ending Decadelong Effort]( Apple (AAPL.O) will wind down its team working on electric cars, called Special Projects Group, according to Bloomberg. - US durable goods orders slump; business investment on equipment appears soft ([more]() - Treasuries mixed amid another flurry of bond sales ([more]() - FTC Chair Lina Khan takes victory lap on blocking Nvidia-Arm merger ([more]() - Oil eases as Fed caution, stock build outweighs OPEC+ news ([more]() - Americans are spending the biggest share of their income on food in 3 decades ([more]() - 401(k) ‘millionaires’ jumped 41% last year ([more]() - Country Garden faces liquidation petition in new blow to China property sector ([more]() - MicroStrategy pops 27% in two days as company’s crypto stake hits $11 billion ([more]() - Macy's will close 150 stores but expand Bloomingdale's and Bluemercury ([more]() - Wendy's planning Uber-style 'surge pricing' where burger prices fluctuate based on demand ([more]() - Warner Bros. Discovery halts merger talks with Paramount Global, sources say ([more]() - Starbucks and Workers Union agree to start negotiations ([more]() - Sony laying off 900 PlayStation employees ([more]() - Flawed valuations threaten $1.7 Trillion private credit boom ([more]() A MESSAGE FROM THE RUNDOWN AI [Learn how to make AI work for you.]( How do you stay up-to-date with the insane pace of AI? Join The Rundown – the world’s fastest-growing AI newsletter with over 500,000+ readers learning how to become more productive using AI every morning. 1. Our team spends all day researching and talking with industry experts. 2. We send you updates on the latest AI news and how to apply it in 5 minutes a day. 3. You learn how to become 2x more productive by leveraging AI. [Sign up.]( Tip: If email is clipped by Gmail click “read online” in the top right corner DEALFLOW M+A | Investments - LVMH in exclusive talks with Lagardere for Paris Match Magazine ([more]() - Samsonite considers options after takeover interest, Including going private ([more]() - ServiceNow (NOW), a digital workflow company, acquires NetACE™ network tech from Atrinet telecom company ([more]() - Veradigm Inc., a provider of healthcare data/tech products, is to acquire ScienceIO, a healthcare language model company ([more]() - Lightyear Capital invests in Prime Pensions ([more]() - LongueVue Capital invests in Kingston Brass ([more]() - GenNx360-backed Whitsons acquires Fresh Picks ([more]() - Solace-backed CST buys Ostsee Tank Solutions ([more]() VC - Glean, a provider of an AI-powered work assistant, raised over $200M in Series D funding, at $2.2B valuation ([more]() - Exodigo, an AI underground mapping solutions provider, raised $105M in Series A funding ([more]() - Alamar Biosciences, a precision proteomics company, raised $100M in Series C funding, with second close of an add’l $28M expected within 30 days ([more]() - Reveleer, a healthcare technology data and analytics company, raised $65M in funding ([more]() - Intenseye, a workplace safety solutions company, raised $64M in Series B funding ([more]() - Matter Neuroscience emerges from stealth mode with $26M ([more]() - Rhombus, a leader in cloud-managed physical security, is excited to announce securing $26M in equity investments ([more]() - Halo, a provider of a subscription-based bodycam and cloud-based asset management platform, raised $20M in funding ([more]() - Pelage Pharmaceuticals, a clinical-stage regenerative medicine company, raised $16.75M in Series A funding ([more]() - Tracksuit, the modern brand tracker for growth brands, today announced it raised $13.5M in Series A funding ([more]() - Parspec, an AI-powered software platform that streamlines the selection and sale of construction products, raised $11.5M in Seed funding ([more]() - Pronto Housing announces a $9.5M funding round ([more]() - Sway, a startup creating seaweed-based home compostable replacements for plastic packaging raised $5M Seed funding ([more]() - Axiom Cloud closed $5M in funding from Toshiba Tec and Windsail Capital Group ([more]() - SimpleClosure, a provider of a platform to automate the bureaucratic work in shutting down a company, raised $4M in Seed funding ([more]() - Enkrypt AI, a company enabling adoption of Generative AI within enterprises, $2.35M in funding ([more]() - BreachBits, a cybersecurity startup, raised an undisclosed amount in Seed funding ([more]() - World View, a company specializing in stratospheric exploration and flight, raised an undisclosed amount in Series D funding ([more]() FUNDRAISING - EQT raises $24B for its largest-ever private equity fund ([more]() - Renovus Capital Partners closes $325M continuation fund ([more]() IPO - Klarna in talks with banks for US IPO at $20B value ([more]() CRYPTO - Bitcoin funding rates jump to 100%, sparking opportunity for savvy traders ([more]() - SEC expected to drag its feet on new wave of crypto ETFs ([more]() - MicroStrategy is a timely play on Bitcoin halving ([more]() BULLISH BITES 🔥 Behind the curtain: Kara Swisher’s new memoir, ‘[Burn Book](,’ roasts tech industry. 🥇 Best of: Consumer Reports [Top 10]( car picks of 2024. 🔐 Replaced? Companies flock to [passwordless]( tech. 🎵 On key: The [Boston Typewriter Orchestra]( goes electric. 📈 AI small-cap revealed: [The potential for 36,996% gains?]( (Dylan Jovine)* *from our sponsors DAILY SHARES [tw profile: greg] greg @greg16676935420 [tw] BREAKING: Apple has cancelled plans to make a car after realizing it would require windows Feb 27, 2024 34K Likes 2.28K Retweets 795 Replies [tw profile: greg] greg @greg16676935420 [tw] On the phone with Bitcoin customer support... They just said “please hold” Feb 27, 2024 17K Likes 1.29K Retweets 475 Replies [tw profile: Matt Esparza] Matt Esparza @matthewesp [tw] Bro I’m just trying to order a sandwich from Wendy’s what the heck is this 😭 Feb 27, 2024 19.5K Likes 1.45K Retweets 326 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? 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