|  | *past 24-hour performance |
| | Mortgage rates hit their highest point again: Mortgage rates jumped again on Monday. The average rate on the 30-year fixed mortgage hit 7.48%, the highest level since November 2000 (CNBC)
Bond yields climb to another record: Yields on 10- and 30-year Treasurys rose around 0.08% in Monday afternoon trading, setting new highs dating back to 2007 and 2011, respectively (WSJ)
Major oil deal: Permian Resources (PR) said on Monday it would buy Earthstone Energy (ESTE) in an all-stock transaction valued at about $4.5 billion, including debt (Reuters)
$9.6 billion footlong: After a long, heated auction, PE firm Roark Capital is reportedly nearing a deal to buy the Subway sandwich-shop chain for about $9.6 billion (WSJ)
2023’s biggest IPO: SoftBank Group’s Arm Holdings took a step toward what’s set to become the biggest US IPO of the year, a bet that the once-obscure designer of phone chips can flourish in the era of AI computing (Bloomberg)
So long Jim Cramer ETF: An ETF that aimed to track CNBC anchor Jim Cramer’s stock picks, LJIM, is planning to shutter just five months after launching (Yahoo)
Zoom beats: Zoom (ZM) shares rose as much as 8% in extended trading on Monday after the video-calling software provider beat estimates and raised full-year forecast (CNBC)
Coinbase is taking an equity stake in Circle: The companies will now equally share in interest income generated from the broader distribution and usage of Circle’s stablecoin, USDC (Blockworks)
Palo Alto curbs earnings fears: Cybersecurity firm Palo Alto Networks (PANW) surged 15% after reassuring worried investors that its earnings release was not just a place to put bad news. It beat estimates (Forbes)
Sweetgreen goes rural: Sweetgreen (SG) has hired two former Chipotle (CMG) execs to lead its marketing & culinary development, part of the salad chain’s strategy to expand into mid-America (WSJ)
Microsoft tries to woo UK regulators: Microsoft’s (MSFT) $75 billion Activision Blizzard acquisition got a new chance at winning approval from UK regulators after the company submitted a substantially different deal to the country’s antitrust watchdog (CNBC)
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| | The moves wealthy families are making to skirt estate taxes: The Trump tax cuts of 2017 temporarily doubled the base amount individuals could give away without paying estate taxes to $10 million. These cuts are due to expire in 2026, pushing wealthy Americans to move fast. Read more » | As Core Inflation Eases, It’s Time to Consider a Home Renovation: “Construction is on sale today compared to tomorrow,” he said. “I couldn’t support the idea that it’s going to be cheaper in the future. If anything, prices are going to either stabilize or go up.” Read more » |
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| | ‘Don’t you remember me?’ The crypto hell on the other side of a spam text (Bloomberg) Proper nutrition can prevent Postpartum Depression (WSJ) Airbnb hosts and guests scramble as New York begins crackdown (WSJ) From 1Q20 through the end of 1Q23, more than 370 investment firms – with $2.7 trillion AUM – moved their offices to a new state (ZeroHedge) Why it is hard to trust data coming from tech companies (Om)
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