📈 Uber Is Joining the S&P

☕️ Good Morning.

The Fast Five → Uber is joining the S&P 500, Apple is looking to replace Goldman with Chase as its credit card partner, Meta’s AI chief doesn’t think AI super intelligence is coming anytime soon, UBS is expanding its presence in the US, and bitcoin is above $40k again…

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Here’s your 5-minute briefing for Monday:

BEFORE THE OPEN

MARKETS

• US stocks rose, extending their leads into December

• The Dow led indices with a 0.82% gain

• Weekly gains mark 5th consecutive week of market advances.

• December, historically favorable for equities, may continue the trend.

EARNINGS

• What we're watching this week:

• Tuesday: Nio, AutoZone, MongoDB, SentinelOne

• Wednesday: C3.ai, GameStop, Chewy

• Thursday: Broadcom, Lululemon, Dollar General, DocuSign

• Full calendar here

NEWS BRIEFING

Uber, Jabil and Builders First Source set to join S&P 500

Bitcoin tops $40,000 for first time since May 2022 as momentum builds

• Apple’s ideal credit card partner to replace Goldman is Chase (Read More)

• Bond market euphoria shifts to debate over how low Fed will need to go (Read More)

• OpenAI delays launch of custom GPT store to early 2024 (Read More)

• US payrolls are seen picking up after end of UAW strike (Read More)

• Charlie Munger’s donations came with blueprints (Read More)

• Goods deflation is back. It could speed inflation’s return to 2% (Read More)

• Meta’s AI chief doesn’t think AI super intelligence is coming anytime soon, and is skeptical on quantum computing (Read More)

• IMF chief makes the case for carbon pricing as ‘writing on the wall’ for oil and gas (Read More)

• One Supreme Court case could mess up chunks of the tax code (Read More)

• Al Gore slams COP28 climate summit host UAE, says its emissions soared (Read More)

• Meme-stock crowd plows into cross-asset rally lifting risky bets (Read More)

• UBS to expand presence in US market (Read More)

• Billions in US funding hasn’t convinced developing world to ditch coal (Read More)

• Ex-Wells Fargo CEO sues bank for $34M in withheld pay, stock (Read More)

• Kuwait’s Mega AI-Zour refinery fully operating for first time (Read More)

• Ukraine warns of nuclear risks as Zelensky prepares to dig in (Read More)

• College Football Playoff features four heavyweights and one giant snub (Read More)

CRYPTO

• British lawmakers do not want a digital pound available in large sums initially to avoid the risk of bank runs (Read More)

• Binance’s explosive growth led to compliance failures according to new CEO (Read More)

BULLISH BITES

🗣 FYI: Why the entire AI world was talking about Q this week.

🧐 The deets: The inside story of Microsoft's partnership with OpenAI.

🎰 All in: Saudi Arabia’s plan to become the crown prince of gaming.

🎥 Picture perf: You can look better on video calls without even trying.

FEATURED TRADES

MAUI LAND & PINEAPPLE CO - MLP

Maui Land & Pineapple Company, Inc. is a land holding and operating company founded in 1909 and based in Kapalua, Hawaii, United States. It owns approximately 24,300 acres on the island of Maui.

Ticker: MLP | Price: $15.05 | Price Target: $79 (+425%) | Timeframe: N/A

🏔️ Land Holding | 🌺 Hawaii | 📈 Bullish Idea

Read the full article here. Read time: 9 min

DAILY SHARES

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