 | *past 24-hour performance |
| | Retail theft rampage: Nine Target (TGT) locations are scheduled to close in major American cities like NYC, Seattle, SF, and Portland due to safety concerns over theft, violence, and organized retail crime (CNBC)
Meta's Quest: headsets, glasses, AI boost: Meta (META) announced the release of its Quest 3 headset ($499), new Ray-Ban smart glasses ($299), and AI assistants for its apps, aiming to boost its metaverse initiative which has seen limited returns despite billions invested (WSJ)
Oil trucking bid fails: ExxonMobil (XOM) has lost a court bid to truck millions of gallons of crude oil through central California — a crucial part of its efforts to restart offshore oil wells that were shut in 2015 after a pipeline leak caused the worst coastal spill in 25 years (AP)
Prepaid powerplay: Walmart (WMT) is expanding its offerings of prepaid phone plans with MobileX, a wireless service launched earlier this year by Boost cofounder Peter Adderton; Walmart will be MobileX’s first and exclusive retail partner (Fierce Wireless)
Not this Era: The markets biggest loser yesterday was renewable energy company NextEra Energy Partners (NEP), after the company revised its growth expectations for the next few years (Yahoo)
Back in Action! More than 11,500 Hollywood writers are now eligible to return to work —which should jump-start production of most live talk shows in the coming days and weeks (AP)
Biden teases executive order on AI: The White House plans to introduce a highly anticipated executive order in the coming weeks dealing with AI (CNN)
Peloton & Lululemon are joining forces: The two companies announced a 5-year partnership that will bring Peloton’s (PTON) content to Lululemon’s (LULU) exercise app. Lululemon, in turn, will become Peloton’s primary athletic apparel partner; Peloton shares surge 30% (CNBC)
China property giant halted: China Evergrande Group suspended trading in Hong Kong, a day after the property giant’s founder had been taken away by police (Bloomberg)
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| | Why now is a horrible time to refinance student loans: With the Federal Reserve pushing interest rates to a multidecade high and new government programs offering the promise of low payments and possible debt forgiveness, personal-finance experts say refinancing would benefit only a handful of borrowers. Read more » | This is no time for celebration, the oil rally is just getting started: If you thought March/April 2022 was bad, you haven't seen the real thing yet. We are talking about real supply cuts this time, not some fantasy potential supply drop. Read more » |
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| | Get your gold bars… at Costco? (CNBC) SEC chair Gary Gensler gets grilled by Congress to approve a bitcoin ETF (CoinSnacks) Corporate America promised to hire a lot more people of color. It actually did (Bloomberg) The U.S. Latino economy has grown 2.5x faster than the non-Latino economy over the last decade (LDC) Jony Ive and OpenAI’s Altman reportedly collaborating on mysterious AI device (Ars Technica) Thousands of Las Vegas hospitality workers vote to authorize strike (BLH) Florida has high speed rail and California never will (Pirate Wires)
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