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📈 It's official
Nvidia overtakes Microsoft as world's most valuable company, Fisker files for bankruptcy, OpenAI co-founder announces new AI startup, Boeing CEO blasted in US Senate hearing, and Netflix to launch mega experience stores…
Smart Owl
June 20, 2024
In partnership with
Good morning.
The Fast Five → Nvidia overtakes Microsoft as world's most valuable company, Fisker files for bankruptcy, OpenAI co-founder announces new AI startup, Boeing CEO blasted in US Senate hearing, and Netflix to launch mega experience stores…
Calendar: (all times ET)
Today: Initial jobless claims, 8:30a
FRI, 6/21: Existing home sales, 10:00a
Your 5-minute briefing for Thursday, June 20:
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BEFORE THE OPEN
As of market close 6/18/2024. Bitcoin as of 6/19/2024
PRE-MARKET
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MARKETS
US stock and bond markets were closed yesterday in observance of Juneteenth
US stocks continue to push ATHs on Tuesday as investors digested a soft consumer spending report and comments from Fed officials
Nasdaq notched a seventh-straight ATH
Nvidia overtook Microsoft to become the world's most valuable public company
UK overtook France to again become Europe's biggest stock market
Asian stocks leaped to their highest since April 2022
MSCI World index hit an ATH
EARNINGS
What we're watching this week:
Today: Accenture, Kroger
Friday: CarMax
Full calendar here
NEWS BRIEFING
Fisker, a US electric vehicle startup, said Tuesday it had filed for bankruptcy.
US retail sales tepid in May; manufacturing production surges (link)
Most stocks hyped as AI boom winners have fallen this year (link)
Mortgage demand flattens even as interest rates hit the lowest level since March (link)
Oil dips after seven-week highs on demand hopes, war jitters (link)
OpenAI co-founder announces his new AI startup, Safe Superintelligence (link)
GE Aerospace developing hybrid engines for single-aisle jets (link)
A supermarket trip may soon look different, thanks to electronic shelf labels (link)
Boeing CEO blasted in US Senate hearing while apologizing for safety woes (link)
Dell, Super Micro providing server racks for xAI's supercomputer (link)
Rite Aid to close over two dozen stores amid bankruptcy proceedings (link)
Wex is laying off 375 employees worldwide, including around 45 in Maine (link)
Netflix to launch mega experience stores in two US malls (link)
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CRYPTO
DAILY SHARES
drop the non, just “profit” it’s cleaner
— sophie (@netcapgirl)
10:04 PM • Jun 16, 2024
Keep the curation going! Buy the team a coffee ☕️