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| | | | Last chance to invest in the Alts.co Equity Round | We're at 75% of our $250k goal and about to wrap up our equity raise next week. | | Funds must be received by Sunday, June 30. | This is your last chance to invest in Alts.co at a $7.5m valuation. | Details | Valuation: $7.5m Investment deadline: June 30 | Resources | View deck Book a call Invest now | |
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Don't blame Ticketmaster for high prices. |
Blame the bots. IDBase solves ticket inflation. |
It's a tough time to be a music fan. Since 2011, concert ticket prices have soared 67%. |
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But the ticket industry’s problem isn’t the platforms, it’s the resellers. And in the age of digital tickets, the real problem is ticket bots. |
As long as these bots are allowed to run rampant, the ticket market will remain broken. |
IDBase solves ticket inflation through their authenTICKET — an Identity Based Access Control System (IBAS) that proves you really are who you say you are. |
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IDBase is the first platform technology capable of eliminating ‘bots‘ purchasing tickets to live events. They're closing an equity round. |
IDBase is fighting software with software. Someday regulators may even mandate this. |
Read our Deep Dive on the company here, and consider investing in their equity round before it closes (9 days left) |
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📰 Market Headlines |
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Nvidia's playing leapfrog, vaulting past Microsoft to become the world's most valuable company, pulling the rest of the market along with it. The tech giant surged 3.5%, reaching a market cap of $3.34 trillion, up over 215% in the last 12 months. S&P 500 rose 0.3% for its 31st record close of the year, while the Nasdaq hovered above the flatline for its 7th straight record close. The Dow edged up 0.2%. The Retail Sales Report missed expectations, rising just 0.1% in May, well below the 0.3% forecast. Amazon was fined $5.9 million by California regulators for violating the state's warehouse worker quota law nearly 60,000 times. Boeing CEO Dave Calhoun testified in front of the Senate Permanent Subcommittee on Investigations yesterday, facing criticism for safety lapses and alleged wrongdoing. |
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🕶️ Market Vibes |
🎰 Market Forecasts and Futures |
Forecasts via Kalshi, the prediction market. |
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😱 Fear and Greed Index |
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🎤 What you said last time |
Just the banks and markets closed today then. |
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📈 Trends you need to know | | Retail Sales disappointed |
| Retail sales in the US edged up a 0.1% month-over-month in May 2024, following a downwardly revised 0.2% fall in April and below forecasts of 0.2%, in another sign consumer sentiment is cooling. | Sales at gasoline stations sank 2.2%, and furniture store sales were down 1.1%. Sales also declined at food services & drinking places (-0.4%) and food and beverage stores (-0.2%). |
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🧠 What do you think? |
Will Apple ever be worth more than Nvidia again? |
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📊 Stocks |
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Winners and losers |
Earnings, upgrades, and acquisitions |
KB Home beat analyst expectations with a 3.01% revenue growth, pushing the stock price up 0.5%. |
Market movers |
Johnson & Johnson was hit with a new class action lawsuit seeking damages and medical monitoring for women diagnosed with cancer from its talc products. The FTC has referred its complaint against TikTok to the DOJ, saying its investigation uncovered reason to believe the company is violating the law. A US judge ruled Meta must face a lawsuit from Australian billionaire Andrew Forrest over scam Facebook crypto ads using his likeness. Chegg announced plans to cut 23% of its global workforce, or 441 employees, as it faces growing competition from AI chatbots. A researcher publicized a security bug that allows anyone to spoof Microsoft employee emails after the company dismissed his private disclosure. |
Ideas, trends, and analysis |
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A record 9,500 millionaires are expected to abandon the UK in 2024, more than double last year's figure. Nearly 70% of leaders say they would rather hire a less experienced candidate with AI skills than a more experienced person without them. A recent study found nonstore sales cover 34% of retail sales, compared to department stores, which plummeted to just 2.31%. |
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🌍 Global Perspectives | 🇦🇺 🇨🇳 Chinese Premier Li Qiang visited a lithium processing plant in Western Australia as China pushes to secure critical minerals. 🇹🇭 Thailand's Senate passed the final reading of a marriage equality law, becoming the first country in Southeast Asia to recognize same-sex couples. 🇲🇾 Malaysia announced plans to join BRICS. 🇺🇦 🇷🇺 A Ukrainian drone strike caused a large fire in a fuel tank at an oil terminal in Russia's southern port of Azov. 🇺🇸 A dangerous heat wave is scorching parts of the Midwest and Northeast, with record-breaking temperatures forecasted across dozens of cities. | | Didn’t 90F used to be a darker color? |
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📊 Crypto | | Hashdex and Nasdaq filed an application for the first-ever dual Bitcoin and Ethereum spot ETF, weighted by market cap. Bitcoin drifted back under $65,000 for the first time in over a month. Ethereum staking protocol Renzo raised $17 million from Galaxy Ventures and Brevan Howard Digital Nova Fund. | |
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📺 What to Watch Today |
What could possibly go wrong? |
| Another Billionaire Takes On The Titanic: Here's What He Hopes To Find On The Expedition |
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| That’s all for today. Did I miss anything? Smash the reply button to let me know. | Cheers, | Wyatt |
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