Muscle era

Dodge kicks off the electric muscle era… your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 March 06, 2024 | [Read Online]( Good morning. The Fast Five →[Biden vs. Trump]( all over again, [tech giants]( drag down market after torrid rally, Biden to form price-gouging ‘[strike force](’, [Bezos dethrones]( Musk as world’s richest, and Dodge kicks off the [electric muscle]( era… Calendar: - Today: Fed Chair Jerome Powell testifies to Congress, 10:00a ET - Job openings, 10a ET - Fri, 3/8: US nonfarm payrolls, unemployment rate, 8:30a ET Your 5-minute briefing for Wednesday, March 6: BEFORE THE OPEN As of market close 3/5/2024. Pre-Market: US Investor % Bullish Sentiment: 46.50% for Wk of Feb 29 2024 (Last week: 44.28%) Market Recap: - Nasdaq 100 up 0.2%; S&P 500 adds 0.05%, Dow inches 0.05% higher - CrowdStrike soars 25%; Nordstrom tumbles 10% on sales warning - Major averages see second day of losses: Dow down 1.04%, S&P 500 dips 1.02%, Nasdaq slips 1.65% - Tech suffers worst day since Jan. 2; Apple falls 3% on China iPhone sales report - Fed Chair Powell testifies today, Senate Thursday - Investors seek clarity on interest rate cuts EARNINGS What we’re watching this week: - Today: Abercrombie & Fitch (ANF), Campbell Soup (CPB) - Thursday: DocuSign (DOCU), Gap (GPS), Kroger (KR) - [Broadcom (AVGO)]( - earnings of $10.29 per share (-0.4% YoY) on $11.7B revenue (+31.5% YoY) - [Costco (COST)]( - earnings of $3.62 per share (+9.7% YoY) on $59.2B revenue (+9.2% YoY) Full earnings calendar [here]( HEADLINES [Biden vs. Trump (again)]( President Biden and former President Donald Trump won commanding victories across nearly all of the states on Super Tuesday. [Dodge Charger Daytona EV Kicks Off the Electric Muscle Era]( The electric Charger will come in two variants, but Dodge isn’t ready to abandon the gas-gargling V8 quite yet. - Biden to form ‘strike force’ to go after price-gouging ([more]() - New CFPB rule caps banks’ credit card late fees at $8 ([more]() - Lawmakers seek to force ByteDance to divest TikTok or face US ban ([more]() - Russia considering putting a nuclear power plant on the moon with China ([more]() - Tech giants drag down US stocks after torrid rally ([more]() - Bitcoin faces ‘sell-the-news’ moment after new record high ([more]() - Banks with heavy commercial property exposure see bonds get hit ([more]() - Emerging markets slip amid Fed caution, China growth concerns ([more]() - Leading U.S. banks leave ESG project finance group ([more]() - Apple iPhone sales plunge 24% in China as Huawei smartphone business resurges ([more]() - Apple stock gloom deepens as pressure to show AI progress mounts ([more]() - Elon Musk loses world’s richest person title to Jeff Bezos ([more]() - Target launches new paid membership program ([more]() A MESSAGE FROM INVESTOR’S BUSINESS DAILY The most powerful stock research platform just got better— IBD’s MarketSmith is now [MarketSurge]( 🎉 A new name. 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(cancel anytime) [Test-Drive MarketSurge NOW!]( - please support our sponsors - Tip: If email is clipped by Gmail click “read online” in the top right corner DEALFLOW M+A | Investments - Fintech raises $30M from investors including Rockefeller Capital, Bain ([more]() - Investors raise bid for Macy’s by 14% after earlier rebuff ([more]() - Cycode, a company specializing in application security posture management, acquires Bearer, provider of an AI-powered SAST, API discovery/data leak protection solution ([more]() - Charlesbank acquires EverDriven from Palladium ([more]() - Godspeed-backed SHA buys Smith Consulting Architects ([more]() - PE-backed Mercer acquires $2.5B RIA MDK Private Wealth Management ([more]() - Lee Equity Partners invests in PCS ([more]() - Daraja Capital invests in Serac Ventures ([more]() - TA invests in AGA Benefit Solutions ([more]() VC - Silas Capital, an equity and venture capital firm, closed its Fund II, at $150M ([more]() - RapidSOS, an intelligent safety company, raised $75M in additional funding ([more]() - Overjet, a dental-AI company, raised $53.2M in Series C funding ([more]() - DTEX Systems, an insider risk management company, raised $50M in Series E funding ([more]() - Argyle, a provider of direct-source income and employment data, raised $30M in funding ([more]() - Openprise, a RevOps data automation company, raised $25M in Series B funding ([more]() - Metaplane, a provider of a data observability platform for data teams, raised $13.8M in Series A funding ([more]() - Rios Intelligent Machines, an AI-powered robotics company focused on the manufacturing industry, raised $13M in Series B funding ([more]() - HData, a company using AI and automation to help the US energy industry file regulatory data, raised $10M in Series A funding ([more]() - Phase Genomics, a genomics technology development company, raised $1.5M in funding ([more]() - mPATH Health, a digital health company dedicated to improving cancer screening, raised $1.1M in funding ([more]() - Stevenson Search Partners, a global life sciences executive search firm, received a long-term investment from SixSibs Capital ([more]() CRYPTO - Bitcoin tumbles 10% after hitting record high; triggers $1B crypto liquidations ([more]() - Grayscale introduces a crypto staking fund ([more]() - Bitcoin miners are better bets than actual token, Bernstein says ([more]() BULLISH BITES 🚀 Meteoric: Bitcoin's stunning climb to new records, explained [in charts](. 🍪 “Me hate less”: [Cookie Monster]( complaint about "shrinkflation" sparks response from White House. ✨ Magic manifesto: Disney’s activist investor publishes plan to ‘[Restore the Magic](’. 📈 Video reveals: [The next great crypto bull market has begun ...](* 🔥 Exclusively for MB readers: For a limited time our readers can [try 6-Weeks of IBD’s new MarketSurge for only $49.95]( — an offer you won’t find anywhere else. Don’t wait—give it a [test-drive](!* *from our sponsor DAILY SHARES [tw profile: Not Jerome Powell] Not Jerome Powell @alifarhat79 [tw] I knew it! Mar 5, 2024 680 Likes 51 Retweets 55 Replies [tw profile: Autism Capital 🧩] Autism Capital 🧩 @AutismCapital [tw] You call this a sell off? Mar 5, 2024 2.1K Likes 187 Retweets 59 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. All statements and expressions herein are the sole opinions of the authors or paid advertisers. 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