| Good morning. | The Fast Five → Nvidia beats expectations but fails to impress, Berkshire Hathaway closes above $1 trillion market value, 401(k) millionaires reaches record high, labor union disapproval hits 57-year low, and Telegram CEO charged with allowing criminal activity… | | Calendar: (all times ET) - Full calendar here | Today: Initial jobless claims, 8:30 AM Tomorrow: PCE index, 8:30A
Consumer sentiment, 10:00AA
| | Your 5-minute briefing for Thursday, August 29: | BEFORE THE OPEN |  | As of market close 8/28/2024. |
| Pre-Market: | | |
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| US Investor % Bullish Sentiment:
↑51.61% for Wk of August 22 2024 |
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|  | Last week: 42.54%. Updates every Friday. |
| | Market Wrap: | Nasdaq futures -1.2% after Nvidia's results fall short. Nvidia shares fell 7% despite strong earnings and guidance. Salesforce +3.5% on strong earnings and raised outlook. CrowdStrike -3.8% after lowered outlook despite earnings beat. Nasdaq -1.12%, S&P -0.6%, Dow -159 points. Nvidia now 7% of S&P 500. July PCE price index out Friday.
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| | | Here's what we're watching this week: | | Full earnings calendar here. | |
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| | | | |  | Buffett's company joined six other U.S. companies, all in or tied to the technology sector, valued at more than $1 trillion. |
| Supreme Court keeps Biden student-loan relief plan on hold (more) SEC requires monthly reports on investment fund holdings (more) Fed sets large bank capital levels after stress tests (more) US cities post higher unemployment and many suffer a wage squeeze (more) Libya's oil blockade widens as factions vie to control central bank (more) US companies return to currency options to hedge election, macro risks (more) 401(k) millionaires reaches record high (more) Labor union disapproval hits 57-year low (more) Telegram CEO charged with allowing criminal activity (more) Super Micro shares fall 19% on filing delay (more) OpenAI in talks to raise funding that would value it at more than $100B (more) Feuding founders of Two Sigma hedge fund step down (more)
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| | M+A | Investments | US pipeline operator ONEOK inks two deals for $5.9B (more) Nippon Steel looks to woo US union with extra $1.3B (more) DraftKings agrees to acquire in-game betting site Simplebet (more) Qatar in talks on possible purchase of Rosneft stake in German refinery (more) Indian rice exporter GRM Overseas buys stake in Rage Coffee (more) Cantata Health Solutions, a provider of healthcare tech solutions, acquired Geisler IT Services, a solution enabling MCOs to collaborate with service providers (more) Routeware, a provider of integrated tech solutions for the waste and recycling industry, acquired Wastech, Inc., the owner of the RUBICONSmartCity and RUBICONPro platforms (more)
| VC | Cribl, a data engine company for IT, raised $319M in Series E funding, at $3.5B valuation (more) Parry Labs, a defense tech company that develops open architecture mission solutions, closed an $80M first funding round (more) nOps, an AI platform for businesses to manage and optimize their cloud usage on Amazon Web Services, raised $30M in Series A funding (more) Comun, a neobank that provides modern banking solutions to US immigrants, raised $21.5M in Series A funding (more) Space and Time, a blockchain data warehouse developer, raised $20M in Series A to funding (more) Bland AI, a platform automating phone calls for the enterprise using hyper-realistic AI agents, raised $16M in Series A funding (more) Aerflo, a portable carbonation device that instantly transforms still into sparkling water, raised $10M+ in venture capital (more) Wethos AI, an AI team optimization company, raised $7.5M in Seed funding (more) Chainbound, a startup building infrastructure and networking tools for blockchains, raised $4.6M in seed funding (more) Pangeam, provider of a B2B SaaS workplace intelligence platform, raised $4.25M in Seed funding (more) Ancilia Biosciences, Inc., a biotech company using CRISPR to create bacterial therapies against destructive viruses, raised $4.2M in funding (more) Curio Digital Therapeutics Inc., a company treating postpartum depression, raised a double digit funding round (more)
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| | | Nasdaq seeks SEC approval for bitcoin index options (more) Institutional investors continue to increase digital asset allocation (more) The rise and fall of OpenSea (more)
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| | | | | | | | | DAILY SHARE |  | Dr. Parik Patel, BA, CFA, ACCA Esq. @ParikPatelCFA |  |
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Listening to the $NVDA earnings call with my 10 shares | |  | | | 9:03 PM • Aug 28, 2024 | | | | | | 4.12K Likes 242 Retweets | 63 Replies |
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|  | sophie @netcapgirl | |
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berkshire hit a $1T valuation, huge day for guys like this | |  | | | 3:22 PM • Aug 28, 2024 | | | | | | 4.09K Likes 133 Retweets | 55 Replies |
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|  | LinkedinFlex (Parody) @LinkedinFlex | |
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Jensen Huang's LinkedIn profile is legendary | |  | | | 10:07 PM • Aug 28, 2024 | | | | | | 97 Likes 6 Retweets | 4 Replies |
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| What did you think about today's briefing? | |
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