- Bull Street
- Posts
- 📈 Big deal
📈 Big deal
Volkswagen invests $5 billion in Rivian to form joint venture, the Biden-Trump rematch effect on the stock market, Americans felt shakier about the economy this month, Cruise names former Amazon, Xbox exec as new CEO, and Tesla issues a recall for every cybertruck...
Good morning.
The Fast Five → Volkswagen invests $5 billion in Rivian to form joint venture, the Biden-Trump rematch effect on the stock market, Americans felt shakier about the economy this month, Cruise names former Amazon, Xbox exec as new CEO, and Tesla issues a recall for every cybertruck…
Calendar: (all times ET)
Today: New home sales, 10:00a
THU 6/27: Initial jobless claims, 8:30a
Durable-goods orders, 8:30a
FRI 6/28: PCE index, 8:30a
Consumer sentiment, 10:00a
Your 5-minute briefing for Wednesday, June 26:
Ready to gain an edge in the market? Subscribe to the Biber Analytics Newsletter and unlock hidden market information for free!
Don’t miss out on these invaluable insights. Subscribe now and stay ahead of the market!
BEFORE THE OPEN
As of market close 6/25/2024.
PRE-MARKET
 |  |
MARKETS
US stocks closed mixed, with chip stocks recovering as investors bought the dip
US rates options markets are betting on 300 bps of rate cuts by Q1 2025
The 2Y-10Y yield curve inversion deepened to over 50 bps for the first time YTD
EARNINGS
NEWS BRIEFING
Volkswagen would be able to use Rivian’s technology in its EVs. EV maker’s stock surges in late trading after announcement.
US investors contending with inflation, interest rates and geopolitics are already bracing for volatility that could accompany the presidential campaign and November election.
Americans felt shakier about the economy in June (link)
US business equipment borrowings up 11% in May (link)
Bond traders boldly bet on 300 basis points of Fed cuts by March (link)
SEC still weighing next steps in court over new hedge fund rules (link)
Tesla issues a recall for every Cybertruck (link)
GM's Cruise names former Amazon, Xbox exec as new CEO (link)
FedEx shares jump after hours as massive cost-cutting measures kick in (link)
TD SYNNEX (SNX) Misses Q2 Earnings and Revenue Estimates (link)
Carnival beats Q2 forecasts, raises full-year guidance, rosy on 2025 (link)
Progress Software posts Q2 earnings beat, guides below Q3 estimates (link)
Want to boost your trading performance? Join Bullseye Trades and receive free daily hot stock and options trading ideas from the renowned trading expert, Jeff Bishop. Get real-money trade alerts that can elevate your trading strategy and increase your profits.
Don’t miss out on this opportunity to improve your trading. Subscribe to Bullseye Trades now!
|
CRYPTO
DAILY SHARES
“Tell me about a deal you’ve worked on”
“I haven’t even started training”
“Okay. Tell me about what you imagine a M&A process is like”
— 🅿️ (@the_P_God)
4:15 PM • Jun 25, 2024
Keep the curation going! Buy the team a coffee ☕️