| Good morning. | The Fast Five → Interest rates hold steady with March cuts unlikely, Zuck apologizes as Senate grills tech CEOs over child safety, House passes $78B business/child tax break bill, Walmart plans to add 150+ stores across US, and Boeing gets sued by shareholders following blowout… | Calendar: | | | Your 5-minute briefing for Wednesday, January 31: | | BEFORE THE OPEN |  | As of market close 1/31/2024. |
| Pre-Market: | | | Market Recap: | S&P 500 and Nasdaq futures rise after Fed news. Qualcomm reports strong Q1 results. Major averages had a poor session post-Fed meeting. Powell's comments dashed hopes of a March rate cut. January ended positively for major indexes. Upcoming economic reports and earnings releases.
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| | | What we're watching this week: | Today: Atlassian (TEAM), Honeywell (HON), Meta Platforms (META) Friday: Chevron (CVX), Exxon (XOM)
| Full earnings calendar here |
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| | | |  | Powell says an interest-rate cut in March is not likely. FOMC needs to see more data to be convinced to move rates. |
| |  | 'Your Product Is Killing People': Tech leaders denounced over child safety. |
| Here's what changed in the new Fed statement (more) House passes $78 billion business, child tax break bill (more) 10-year Treasury yield falls below 4% as traders evaluate Fed decision (more) Private payroll growth slowed to just 107,000 in January, below expectations (more) How the US is preparing for a Chinese invasion of Taiwan (more) Walmart plans to add more than 150 large-format stores across the US (more) Boeing's CEO says 'We caused the problem' in Alaska Air blowout (more) NY Community Bancorp flashes a $560 Billion real estate warning for banks (more) Endeavour wins ruling to end strike at Burkina Faso gold mine (more) Tech layoffs scale to three-quarter high (more) H&M CEO quits as fashion group fails to keep up with rivals (more) Byron Allen's latest takeover attempt: Paramount for $14 Billion (more) PGA Tour secures up to $3 billion from US investors as LIV Golf merger hangs in the balance (more) Meet the JPMorgan exec emerging as a dark horse to succeed Jamie Dimon (more) Startup news site The Messenger shutters less than a year after its launch (more)
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| | | M+A | Investments | Cigna sells Medicare business to Health Care Service for $3.3B (more) TotalEnergies to buy OMV's Malaysia Assets for $903 Million (more) Fabric, a health tech company, acquired Gyant, a conversational AI care assistant and patient engagement suite (more) Protect AI, an AI and machine learning security company, acquired Laiyer AI, a provider of a security solution enhancing the security of LLM interactions (more) Nexthink, a provider of digital employee experience management software, acquired AppLearn, a provider of learning and digital guidance for employees (more) Blackford Capital acquires Data Science Automation (more) Avathon Capital acquires Magical Beginnings (more) Blackhawk Network purchases Tango Card (more) Core & Main purchases Dana Kepner from Littlejohn (more) BlackRock invests in Lone Peak Dental Group (more) CD&R buys a stake in Foundation Building Materials (more)
| VC | Zum, a provider of student transportation solutions, raised $140M in Series E funding, at $1.3 Billion valuation (more) Accompany Health, a social care provider for low-income patients, raised $56M in Series A funding (more) Metronome, a provider of usage-based billing solutions for companies, raised $43M in Series B funding (more) Incognia, a company specializing in location identity solutions, raised $31M in Series B funding (more) Synergy Spine Solutions, a medical device developer, raised $30M in funding (more) LoanStar Technologies, a financial technology company focused on embedded lending, raised $28M in funding (more) Benepass, a flexible benefits platform for people-first companies, raised $20M in additional funding (more) Crux, a NYC-based sustainable finance technology company, raised $18.2M in Series A funding (more) Kafene, a provider of a point-of-sale platform that helps retailers offer flexible purchase options, raised $15M in Growth capital (more) Splash, an independent provider of peer-to-peer sports strategy games in the US, raised $14.1M in Series A2 funding (more) Nile, a provider of serverless Postgres designed for modern SaaS applications, raised $11.6M in seed funding round (more)
| Fundraising | |
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| | | | XRP drops after Ripple co-founder's crypto wallets hacked (more) FTX plans to repay customers in full, drop exchange relaunch (more) NFTs outpaced Ether's gains in January (more)
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| | | | | | | | | DAILY SHARES |  | TrendSpider @TrendSpider |  |
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Sorry, come back in March. $SPY |  | | | Feb 1, 2024 | | |  | | | 128 Likes 11 Retweets 14 Replies |
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|  | Wall Street Silver @WallStreetSilv | |
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Now they want $80 BILLION more ๐คฌ |  | | | Feb 1, 2024 | | | | | | 1.94K Likes 361 Retweets 130 Replies |
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|  | tweet davidson ๐ @andykreed | |
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imagine washing dishes with this view | The Verge @verge Microsoft Teams, Word, Excel, and more are coming to Apple's Vision Pro at launch trib.al/TrULwnh |
|  | | | Jan 31, 2024 | | | | | | 18.3K Likes 1.31K Retweets 85 Replies |
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