Market Beats | Meta Plunges Nearly 20%; U.S. Births Hit 40-Year Low; Hyundai Beats Estimates as Won Weakens; Deutsche Bank Reports Highest Profit in 11 Years; Zuoyebang Files for U.S. IPO

—— Meta Plunges Nearly 20%; China GDP Forecast Raised to 4.8%; U.S. Births Hit 40-Year Low; Hyundai Profit Beats on Weaker Won; Nestlé Sales Decline Again; Deutsche Bank Posts Best Profit in 11 Years; Zuoyebang Files for U.S. IPO 1. Meta Plunges Nearly 20% On Wednesday night, Meta Platforms released a disappointing quarterly earnings report, …

Market Beats | Microsoft and Coca-Cola Form Strategic Partnership; U.S. Business Activity Slows; Nvidia Acquires Run:ai for $700M; Tesla Accelerates Launch of Budget EV; Lamborghini Unveils Hybrid SUV

—— U.S. Business Activity Slows; iPhone Sales Plunge in China; Nvidia Acquires Run:ai for $700M; Mortgage Rates Hit 5-Month High; Tesla Accelerates Affordable EV Plans; Lamborghini Launches Hybrid SUV; Microsoft and Coca-Cola Form $1.1B AI Partnership 1. U.S. Business Activity Slows In April, the S&P U.S. Composite PMI fell 1.2 points to 50.9, the lowest …

Market Beats | U.S. Student Loan Rates Hit Record High; Brookfield Acquires Bankrupt Apparel Chain; Global Stocks Rebound from Sell-Off; Miami Airport Credit Rating Upgraded; German Real Estate Faces Broad Valuation Declines

——  Brookfield Acquires Bankrupt Retailer; Global Stocks Rebound; SAP Cloud Revenue Surges; U.S. Student Loan Rates Hit 16-Year High; Miami Airport Bond Rating Raised; UK’s FTSE 100 Hits Record; German Property Prices May Fall 1. Brookfield Acquires Bankrupt Apparel Retailer U.S. retail chain Express announced today that it has been acquired out of Chapter 11 …

Market Beats | Netflix Handily Beats Expectation; Oyo Hotels Seeks $450M Refinance; Israel Launches Retaliatory Strikes; Amex Revenue Exceeds Forecast; P&G Raises 2024 Profit Outlook; Apollo and Sony Team Up to Bid For Paramount; Tesla Recalls Near 3,900 Cybertrucks

—— Netflix Handily Beats Expectation; Oyo Hotels Seeks $450M Refinance; Israel Launches Retaliatory Strikes; Amex Revenue Exceeds Forecast; P&G Raises 2024 Profit Outlook; Apollo and Sony Team Up to Bid For Paramount; Tesla Recalls Near 3,900 Cybertrucks 1. Netflix Handily Beats Expectation In the initial quarter of 2024, the company acquired 9.33 million new customers, …

Market Beats | Blackstone Profit Narrowly Beats Forecast; Semiconductor Index Enters Correction Zone; US Treasury Has Dangerous Selloff Risk; US Unemployment Claims Stabilizes; Cocoa Price Hits Record High; Bitcoin Briefly Dips Below $60k; Orange County Mall Listed for $300M.

—— Blackstone Profit Narrowly Beats Forecast; Semiconductor Index Enters Correction Zone; US Treasury Has Dangerous Selloff Risk; US Unemployment Claims Stabilizes; Cocoa Price Hits Record High; Bitcoin Briefly Dips Below $60k; Orange County Mall Listed for $300M 1. Blackstone Profit Narrowly Beats Forecast Blackstone Inc. generated higher fees from prominent retail funds and credit strategies …

Market Beats | US Mortgage Rate Rises to 4-Month High; Morgan Stanley Plans Biggest China Job Cut; VIX Soars on War and Inflation Fear; Trump Donar Base Shrunk; IMF Criticizes US Fiscal Policy; Jane Street Trading Revenue Doubles; Quantitative Tightening Could Stop in 2025

—— US Mortgage Rate Rises to 4-Month High; Morgan Stanley Plans Biggest China Job Cut; VIX Soars on War and Inflation Fear; Trump Donar Base Shrunk; IMF Criticizes US Fiscal Policy; Jane Street Trading Revenue Doubles; Quantitative Tightening Could Stop in 2025 1. US Mortgage Rate Rises to 4-Month High Mortgage rates in the US …

Market Beats | Hong Kong Apartment Discounted 40%; BofA Traders Notch Best Quarter; BYD Unveils 2 New Models; Vornado to Develop Citadel Skyscraper; Tesla Market Cap Drops Below $500 bn; WNBA Start to Earn Less Than $80k

—— BofA Traders Notch Best Quarter; BYD Unveils 2 New Models; Vornado to Develop Citadel Skyscraper; Tesla Market Cap Drops Below $500 bn; WNBA Start to Earn Less Than $80k; Hong Kong Apartment Discounted 40% 1. BofA Traders Notch Best Quarter Bank of America Corp. traders achieved impressive results in the first quarter, marking it …

Market Beats | Yen Falls to 30 Year Low; Goldman Posts Surprise Profit Jump; US Retail Sales Rise More Than Forecast; US Homebuilder Sentiment Remains High; Bain Sells Payroll Software Company; Fed Could Raise Rate to 6.5%; Tesla to Cut 10% Global Staff

——Goldman Posts Surprise Profit Jump; US Retail Sales Rise More Than Forecast; US Homebuilder Sentiment Remains High; Bain Sells Payroll Software Company; Fed Could Raise Rate to 6.5%; Yen Falls to 30 Year Low; Tesla to Cut 10% Global Staff 1. Goldman Posts Surprise Profit Jump Goldman Sachs Group Inc. is reaping the rewards of …

Market Beats | Jane Street Traders Stole Strategies; JPMorgan Share Drops After NII Miss; BlackRock AUM Hits $10.5tn; Dollar Has Strongest Week Since 2022; Brookfield Invests in Castlelake; US Car Insurance Cost Rises Sharply

—— JPMorgan Share Drops After NII Miss; BlackRock AUM Hits $10.5tn; Dollar Has Strongest Week Since 2022; Brookfield Invests in Castlelake; US Car Insurance Cost Rises Sharply; UL Solutions Jump After IPO; Jane Street Traders Stole Strategies 1. JPMorgan Share Drops After NII Miss JPMorgan Chase & Co. disclosed that its net interest income slightly …

Market Beats | Interpreter Stole $16mn from Baseball Star; PPI Rises by Most in 11 Months; Citadel Building Lands Refinancing; Ford Cuts EV Pickup Price; Fed’s Official Sees No Rush to Cut Rate; ByteDance Buys Back Employee Shares

—— PPI Rises by Most in 11 Months; Harvard Brings Back SAT Test; Citadel Building Lands Refinancing; Ford Cuts EV Pickup Price; Fed’s Official Sees No Rush to Cut Rate; Interpreter Stole $16mn from Baseball Star; ByteDance Buys Back Employee Shares 1. PPI Rises by Most in 11 Months In March, US producer prices saw …