💼 Cover curse?

Traders debate magazine cover curse... your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 March 12, 2024 | [Read Online]( Sponsored by Good morning. The Fast Five →[Â]([Biden’s pitches]( $7.3 trillion budget, Trump says a [TikTok ban]( would empower Meta, traders debate magazine cover [curse](, long-term [inflation]( expectations rise, and [The Body Shop]( and [Deadspin](—gone… Calendar: - Today: Consumer price index (CPI), 8:30am ET - THU 3/14: Producer price index (PPI), 8:30am ET Your 5-minute briefing for Tuesday, March 12: BEFORE THE OPEN As of market close 3/11/2024. Pre-Market: US Investor % Bullish Sentiment: 51.73% for Wk of Mar 07 2024 (Last week: 46.50%) Market Recap: - Stock futures slightly up Mon; focus on inflation data. - Dow futures gained 30 points, S&P 500 up 0.2%, Nasdaq 100 0.4%. - Feb CPI report key; expected 0.4% monthly gain, 3.1% yearly. - January’s CPI rise sparked caution in Fed policy. - Tech rally slowing; Nvidia, Apple, Alphabet, Microsoft, Tesla down recently. EARNINGS What we’re watching this week: - Wednesday: Lennar LEN, Williams-Sonoma (WSM) - [Dollar Tree (DLTR)]( - earnings of $2.65 per share (+29.9% YoY) on $8.7B in revenue (+12.3% YoY) - Thursday: Dick's Sporting Goods (DKS), Ulta Beauty (ULTA) - [Adobe (ADBE)]( - earnings of $4.38 per share (+15.3% YoY) on $5.1B in revenue (+10.3%) Full earnings calendar [here]( HEADLINES [Traders Debate Whether Magazine Cover Curse Will Hit Stock Rally]( Traders are chattering about recent bullish market coverage. Magazine cover-contrary indicator often points to trend ending. [Trump says a TikTok ban would empower Meta, slams Facebook as ‘enemy of the people’]( Trump’s view on TikTok contrasts with that of incumbent U.S. President Joe Biden, who has said he would sign a bill to ban the app, if Congress passes it. - Biden’s pitches $7.3 trillion budget - callls for tax hikes on the wealthy to pay for Social Security, Medicare ([more]() - Long-term inflation expectations rise, spelling possible trouble for the Fed, survey shows ([more]() - Emergency Fed bank effort ends lending, as eyes turn to discount window ([more]() - 2- and 10-year Treasury yields jump by most in a week ahead of Tuesday’s CPI data ([more]() - The global trade system has already started planning for potential Trump win, new China tariffs ([more]() - Oil prices steady as Middle Eastern supply concerns ease ([more]() - US companies to announce investments of over $1 billion in the Philippines ([more]() - China's housing minister says real estate developers must go bankrupt if necessary ([more]() - Options players ready for market swings after US inflation data ([more]() - Oracle shares soar 13% on better-than-expected quarterly earnings ([more]() - Reddit launches long-awaited IPO with $748M target ([more]() - Reddit’s planned IPO share price seems high, unless you look at its AI revenue ([more]() - Musk takes another swing at OpenAI, makes xAI's Grok chatbot open-source ([more]() - The Body Shop is closing down all US operations after filing for bankruptcy ([more]() - Deadspin sold by G/O Media, employees laid off with half-hour's notice ([more]() TOGETHER WITH THE BAY AREA TIMES With Bay Area Times, you will get graphics like these, so you quickly understand the news without having to read through long and boring paragraphs. Visual-based newsletter on business and tech We explain the latest business, finance, and tech news with visuals and data.📊 All in one free newsletter that takes < 5 minutes to read. 🗞 Save time and become more informed today.👇 [Subscribe with one click today]( - please support our sponsors - DEALFLOW M+A | Investments - Murdoch's News Corp eyes joint Telegraph bid with rivals ([more]() - Choice Hotels abandons roughly $7B takeover bid for Wyndham ([more]() - Abu Dhabi targets $100 Billion AUM for AI investment firm ([more]() - Astorg considers sale of IP software firm Anaqua ([more]() - India's Aditya Birla Capital to merge with financial unit ([more]() - KKR acquires Mdf Commerce ([more]() - PAR Technology Corporation (PAR), a foodservice tech company and provider of unified commerce for enterprise restaurant brands, acquires Stuzo ([more]() - Foundation Investment Partners acquires Spartan Tool Supply ([more]() - RTC-backed Verdantas acquires Lewandowski Engineers ([more]() - UWorld purchases Aspen Publishing from Transom ([more]() VC - Liquid Death, a beverage company, raised $67M in funding ([more]() - Serenity Kids, a shelf-stable pouched baby food brand, closed a $52M in minority investment from Stride Consumer Partners ([more]() - Vouch, a provider of business insurance for high-growth companies, raised $25M in Series C-1 funding ([more]() - Reach Security, a company providing AI solutions for security operations, raised $20M in funding ([more]() - Neural Propulsion Systems, a software-defined radar company, raised $17.5M in Series B funding ([more]() - Kaedim, a startup dedicated to streamlining the 3D creative process for game developers and interactive entertainment creators, raised $15M in Series A funding ([more]() - Guardrails AI, an AI assurance company, raised $7.5M in Seed funding ([more]() - Bluwhale, an AI Web3 startup, raised $7M in Seed funding ([more]() - AbbeyCross, a wholesale FX platform focused on improving the payment market infrastructure, raised $6.5M in seed funding ([more]() - Key, a community and networking platform provider, raised $4.3M in funding ([more]() - Velou, a product data enrichment and search automation platform, raised $4M in sed funding ([more]() - Cherub, a US provider of a platform to connect founders, investors and advisors, raised $1M in funding ([more]() - DocNow, a provider of electronic health record management solutions, raised an undisclosed amount in Seed funding ([more]() - COMM, a marketing agency specializing in digital marketing strategy and solutions, received an investment from RTC Partners ([more]() - MAXE AI, a provider of an AI investing assistant app, raised an undisclosed amount in Seed funding ([more]() - Neuron7.ai, a company specializing in AI for service, received a strategic investment from ServiceNow Ventures ([more]() CRYPTO - Bitcoin breaks through $72,000 to hit fresh record ([more]() - MicroStrategy acquires 12,000 More BTC with convertible senior notes proceeds ([more]() BULLISH BITES 💰 New rule: Airbnb finally overturns its [creepiest]( policy. 👀 Cyber threats: Four things we learned when [US spy chiefs]( testified to Congress. 🏆 New start: [TikTok creators]( look for a new home as threat of US ban gains steam. 🤔 Royal drama: British monarchy [rocked]( by bad Photoshop job. 🚨 From our partner: Don't trust the mainstream media – take charge of your destiny. Our [No-Cost Wealth Management Guide]( is your ultimate survival kit in this economic war. * *from our sponsor DAILY SHARES [tw profile: Gambling is Life] Gambling is Life @GamblingMemez [tw] When you hit the jackpot Mar 12, 2024 198 Likes 24 Retweets 22 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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