Market Beats | Ex-Millennium CIO Raises $5.3bn; Sony and Warner Sue AI Startups; Nvidia Erases $400bn Market Cap; Novo to Build $4.1bn Factory in America; Canada Pension Funds’ Real Estate Investments Sour; Barcelona to Ban Short-Term Rentals

—— Ex-Millennium CIO Raises $5.3bn; Sony and Warner Sue AI Startups; Nvidia Erases $400bn Market Cap; Novo to Build $4.1bn Factory in America; Canada Pension Funds’ Real Estate Investments Sour; Barcelona to Ban Short-Term Rentals 1. Ex-Millennium CIO Raises $5.3bn Bobby Jain has secured $5.3 billion in commitments for his new multistrategy hedge fund, Jain …

Market Beats | McDonald’s to Raise Fast Food Price War; UK Central Bank to Hold Rates Steady; Henan to Sell ¥52bn of Special Bond; Biden Gives Green Card Access to Undocumented Immigrants; US New Home Construction Sharply Plunges; More Disabled Americans Found Jobs; Germany Orders $3.1bn of Leopard Tanks

—— UK Central Bank to Hold Rates Steady; McDonald’s to Raise Fast Food Price War; Henan to Sell ¥52bn of Special Bond; Biden Gives Green Card Access to Undocumented Immigrants; US New Home Construction Sharply Plunges; More Disabled Americans Found Jobs; Germany Orders $3.1bn of Leopard Tanks 1. UK Central Bank to Hold Rates Steady …

Market Beats | Boeing Said to Have Lost Hundreds of Faulty Parts; US Retail Sales Softens; US Industrial Output Rises More Than Forecast; Apple Discontinues Buy Now Pay Later Service; GenZ Investors Prefer Car and Watches Over Stocks; Merck Newly Approved Vaccine to Challenge Pfizer; Nvidia Becomes World’s Most Valuable Company

—— US Retail Sales Softens; US Industrial Output Rises More Than Forecast; Apple Discontinues Buy Now Pay Later Service; Boeing Said to Have Lost Hundreds of Faulty Parts; GenZ Investors Prefer Car and Watches Over Stocks; Merck Newly Approved Vaccine to Challenge Pfizer; Nvidia Becomes World’s Most Valuable Company 1. US Retail Sales Softens US …

Market Beats | Trafigura Pays $55mn to Settle Fraud Charges; China Releases Series of Economy Data; A Third of Global Investment is Denominated in Dollar; 98F Heatwave to Hit NYC This Friday; China Launches Anti-dumping Probe Against EU; Apple Battery Suppler Achieves Key Material Breakthrough

—— China Releases Series of Economy Data; A Third of Global Investment is Denominated in Dollar; 98F Heatwave to Hit NYC This Friday; China Launches Anti-dumping Probe Against EU; Apple Battery Suppler Achieves Key Material Breakthrough; Trafigura Pays $55mn to Settle Fraud Charges; 1.  China Releases Series of Economy Data China’s housing market downturn worsened …

Market Beats | Cava Restaurants are Worth $33mn Each; Ford EVs to Lose $5.5bn This Year; US Consumer Sentiment Drops to 7-month Low; Ardian to Buy Heathrow Airport Shares; Pork Producers Benefit from Beef Inflation; Sotheby’s to Host Biggest Champagne Auction; 37 People Hospitalized amid E.coli Outbreak

—— Ford EVs to Lose $5.5bn This Year; US Consumer Sentiment Drops to 7-month Low; Cava Restaurants are Worth $33mn Each; Ardian to Buy Heathrow Airport Shares; Pork Producers Benefit from Beef Inflation; Sotheby’s to Host Biggest Champagne Auction; 37 People Hospitalized amid E.coli Outbreak 1.  Ford EVs to Lose $5.5bn This Year Ford Motor …

Market Beats | G-7 Sells $50bn Loan to Support Ukraine; Tesla Shareholders Approve of Elon’s Pay; US PPI Posts Surprise Drop in May; US Jobless Claims Jumps to 9 Month High; Google to Partner with Geothermal Startup; Tyson Foods CFO Arrested Again; Mortgage Rates Fell for 2 Weeks

—— G-7 Sells $50bn Loan to Support Ukraine; Tesla Shareholders Approve of Elon’s Pay; US PPI Posts Surprise Drop in May; US Jobless Claims Jumps to 9 Month High; Google to Partner with Geothermal Startup; Tyson Foods CFO Arrested Again; Mortgage Rates Fell for 2 Weeks 1.  G-7 Sells $50bn Loan to Support Ukraine The …

Market Beats | US CPI Comes Below Estimate in May; EU to Impose Extra Tariffs on Chinese EV; Woman Jailed After Damaging JPMorgan HQ; Apple Becomes the Most Valuable Company; Blackstone to Expand NYC HQ; Most Fed Officials See One Rate Cut This Year

—— EU to Impose Extra Tariffs on Chinese EV; Woman Jailed After Damaging JPMorgan HQ; US CPI Comes Below Estimate in May; Apple Becomes the Most Valuable Company; Blackstone to Expand NYC HQ; Most Fed Officials See One Rate Cut This Year 1.  EU to Impose Extra Tariffs on Chinese EV Brussels is set to …

Market Beats | Related Sells Manhattan Building at 67% Discount; PE Firms to Own 30% of Top Accounting Firms; Apple Shares Hits All Time High; Musk to Ban iPhone If OS Adds OpenAI; WeWork Names Cushman Veteran As CEO; Dell to Sell $29bn of Shares in 2024; Cold Storage Giant Seeks $3bn in IPO

—— PE Firms to Own 30% of Top Accounting Firms; Apple Shares Hits All Time High; Musk to Ban iPhone If OS Adds OpenAI; WeWork Names Cushman Veteran As CEO; Related Sells Manhattan Building at 67% Discount; Dell to Sell $29bn of Shares in 2024; Cold Storage Giant Seeks $3bn in IPO 1.  PE Firms …

Market Beats | Barclays Branches Vandalized by Palestine Group; Boeing Risks Receiving Junk Credit Rating; Homeownership Costs Jumps 26%; WeWork Rival to Takeover Former Headquarters; Brookfield Sells India and Korea Properties

—— Boeing Risks Receiving Junk Credit Rating; Barclays Branches Vandalized by Palestine Group; Homeownership Costs Jumps 26%; WeWork Rival to Takeover Former Headquarters; Brookfield Sells India and Korea Properties 1.  Boeing Risks Receiving Junk Credit Rating Boeing, a manufacturing pioneer and key player in the US defense industry with a century of experience in the …

Market Beats | GameStop Drops 40% After Doubling; Robinhood to Acquire European Crypto Exchange; Bain Capital Acquires PowerSchool; BTG Pactual to Acquire a New York Bank; US Non-farm Payroll Posts Strong Growth; US Household Net Worth Breaks Record; West Harlem Building Receives $210mn Loan

—— Robinhood to Acquire European Crypto Exchange; Bain Capital Acquires PowerSchool; BTG Pactual to Acquire a New York Bank; US Non-farm Payroll Posts Strong Growth; US Household Net Worth Breaks Record; GameStop Drops 40% After Doubling; West Harlem Building Receives $210mn Loan 1.  Robinhood to Acquire European Crypto Exchange Robinhood Markets Inc. will acquire the …