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—— US Retail Sales Soar 1.7% in March as Tax Refunds Counteract Gas Price Shock; Tim Cook to Step Down as Apple CEO in September; CATL Unveils 1,500km Range Battery as EV Tech Race Intensifies; Harvard Graduate Students Begin Strike Over Pay; Trump Backs Aid for Spirit Airlines; UnitedHealth Profits Blow Past Estimates as Medical …

Continue reading “Market Beats | US Retail Sales Soar 1.7% in March as Tax Refunds Counteract Gas Price Shock; Tim Cook to Step Down as Apple CEO in September; CATL Unveils 1,500km Range Battery as EV Tech Race Intensifies; Harvard Graduate Students Begin Strike Over Pay; Trump Backs Aid for Spirit Airlines; UnitedHealth Profits Blow Past Estimates as Medical Costs Stabilize; Kevin Warsh Calls for Fed “Regime Change” During Senate Confirmation Hearing”

—— Jersey Mike’s Files Confidentially for IPO with $12 Billion Valuation Target; War in Iran Clouds Mideast Drilling Outlook; Iran Signals Reluctance Toward Second Round of Peace Talks Amid US Escalation; JPMorgan and Citi Executives Pivot Toward a Tokenized; Eli Lilly to Acquire Kelonia Therapeutics for Up to $7 Billion; Polymarket Seeks Extra $400m as …

Continue reading “Market Beats | Jersey Mike’s Files Confidentially for IPO with $12 Billion Valuation Target; War in Iran Clouds Mideast Drilling Outlook; Iran Signals Reluctance Toward Second Round of Peace Talks Amid US Escalation; JPMorgan and Citi Executives Pivot Toward a Tokenized; Eli Lilly to Acquire Kelonia Therapeutics for Up to $7 Billion; Polymarket Seeks Extra $400m as Prediction Market Valuation Wars Intensify; Michael Saylor’s Strategy Inc. Makes $2.54bn Bitcoin Purchase”

—— China’s GDP Beats Expectations with 5% Growth; NYC Building Staff Authorize Strike; Barry Callebaut Hikes Profit Warning; US Jobless Claims Fall to 207,000, Signaling Resilient Labor Market; Hochul’s Proposed Pied-à-Terre Tax Sends Shivers Through NYC Luxury Real Estate; Allbirds’ AI Pivot Triggers Meme-Stock Volatility with 31% Slide; Netflix Shares Slide on Weak Outlook as …

Continue reading “Market Beats | China’s GDP Beats Expectations with 5% Growth; NYC Building Staff Authorize Strike; Barry Callebaut Hikes Profit Warning; US Jobless Claims Fall to 207,000, Signaling Resilient Labor Market; Hochul’s Proposed Pied-à-Terre Tax Sends Shivers Through NYC Luxury Real Estate; Allbirds’ AI Pivot Triggers Meme-Stock Volatility with 31% Slide; Netflix Shares Slide on Weak Outlook as Co-Founder Reed Hastings Departs Board”

—— Wildfire Costs Add $41 to Monthly Power Bills for Californians; US Consumer Sentiment Hits Record Low as War Stokes Inflation Fears; Hermès Opens 25th Leather Plant in France Amid Global Uncertainty; StubHub to Pay $10mn Over FTC Allegations of Hidden Ticket Fees; US Government Recruits Gamers for High-Paying Air Traffic Control Careers; Anthropic Inks …

Continue reading “Market Beats | Wildfire Costs Add $41 to Monthly Power Bills for Californians; US Consumer Sentiment Hits Record Low as War Stokes Inflation Fears; Hermès Opens 25th Leather Plant in France Amid Global Uncertainty; StubHub to Pay $10mn Over FTC Allegations of Hidden Ticket Fees; US Government Recruits Gamers for High-Paying Air Traffic Control Careers; Anthropic Inks Multibillion-Dollar Deal with CoreWeave to Power Claude AI; US Inflation Hits Two-Year High as War Fallout Crushes Consumer Sentiment”

—— Amazon Considers Selling Custom Chips to Third Parties; US Sports Prediction Markets Could Hit $1.1 Trillion in Annual Volume; Blackstone Provides $226mn Loan for Sunbelt Industrial Storage Portfolio; US Consumer Spending Stagnates in February; Kering to Nominate Former Chanel Executive and Mandarin Oriental CEO to Board; Nike to Replace Adidas as UEFA Champions League …

Continue reading “Market Beats | Amazon Considers Selling Custom Chips to Third Parties; US Sports Prediction Markets Could Hit $1.1 Trillion in Annual Volume; Blackstone Provides $226mn Loan for Sunbelt Industrial Storage Portfolio; US Consumer Spending Stagnates in February; Kering to Nominate Former Chanel Executive and Mandarin Oriental CEO to Board; Nike to Replace Adidas as UEFA Champions League Ball Supplier; CoreWeave Strikes Massive $21bn Computing Deal with Meta”

—— Saudi East-West Pipeline Attacked as Iran-US Ceasefire Reached; Perplexity Revenues Jump 50% as Focus Shifts to AI Agents; US and Iran Agree to Two-Week Ceasefire to Open Strait of Hormuz; Samsung Family Member to Sell $2.1bn in Shares; Exxon Mobil Global Output Drops 6% as Iran War Damages Qatar Assets; Meta Debuts Muse Spark, …

Continue reading “Market Beats | Saudi East-West Pipeline Attacked as Iran-US Ceasefire Reached; Perplexity Revenues Jump 50% as Focus Shifts to AI Agents; US and Iran Agree to Two-Week Ceasefire to Open Strait of Hormuz; Samsung Family Member to Sell $2.1bn in Shares; Exxon Mobil Global Output Drops 6% as Iran War Damages Qatar Assets; Meta Debuts Muse Spark, Shifting Strategy Under New AI Leadership; LIRR Workers Threaten May 16 Strike Over Stalled Wage Negotiations”