| | | Some enterprising (I assume) youths recovered the wreckage of Iranian missiles and put them on Jodan’s version of Craigslist. Also, I moaned quite a bit about how stupid the fund setup process is. All in yesterday’s WC. |
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| | ❇️ Closing Soon ❇️ - Invest in robotic, stackable homes | Innovative housing | 80,000 orders | $11m raised | ZenniHome isn't just another housing project; it's a real solution to the housing crisis. | Their units are designed as standalone single-family homes, ADUs, or building blocks for large multi-family communities. | | Highlights: | CEO Bob Worsley is a former Arizona senator and the guy behind SkyMall (sold to Rupert Murdoch) One of Wefunder's biggest campaigns. Raised $11 million from 2,000 investors Revenues grew from $5.1m in 2023 to $70m in 2024. Expecting profitability this year. Leadership team from Tesla, Bosch, SkyMall, Offerpad, Invitation Homes
| Their mission is to completely revamp the housing industry with units that are scalable, sustainable, and stackable. | Invest in the future of housing. | | Investment closes on April 29. Minimum investment: $250 | SPONSOR | | 📰 Market Headlines | | Yesterday, markets fell (again) for a wide variety of reasons: lowered rate cut expectations, unresolved geopolitical tensions, and mixed earnings reports all contributed to the decline. The S&P 500 dropped about 0.6%, the Dow Jones decreased by 0.1%, and the Nasdaq led declines with a 1% fall. Bank of America's closely tracked Global Fund Managers' Survey showed 36% of respondents see "no landing" for the US economy. The BOA’s economists also think there is a “real risk” we won’t see rate cuts until March 2025. Ouch. Chip stocks, including AMD, NVIDIA, and Intel, suffered after chip equipment manufacturer ASML reported poor Q1 sales.
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| | 🕶️ Market Vibes | 🎰 Market Forecasts and Futures | Forecasts via Kalshi, the prediction market. | | 😱 Fear and Greed Index | This is not going well. | | | 🎤 What you said last time | The vast majority of you are both worried about the federal debt and want to cut spending. No surprises there. Who wants higher taxes? | | 📈 Trends you need to know | |
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| The vast majority of US Federal spending goes to social security, Medicare, defense, Medicaid, and interest. |
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| | 🧠 What do you think? | 💬 Have your say | So where should America cut spending? There are only a few categories that spend enough to make a difference. | Where should America cut spending? | | | 📊 Stocks | | | Winners and losers | Earnings, upgrades, and acquisitions | ASML beat Q1 earnings estimates but missed sales; shares fell 6.7%. Discover Financial stock rose 1.8% after-hours, despite missing estimates due to higher expenses. Abbott Labs delivered a top and bottom line beat and surprised investors by raising its full-year guidance, but shares fell 3%. Las Vegas Sands beat revenue as Macau recovery continues; shares dipped 2.45%. Travelers earnings missed expectations due to elevated catastrophe losses from wind and hail storms. It crashed 7%. Citizens Financial Group reported mixed Q1 results with EPS missing estimates but revenue aligning with projections; shares up 1.3%.
| Market movers | Micron won a $6.1 billion CHIPS grant to build semiconductor factories in Ohio. The third-party iPhone app store AltStore PAL launched in Europe thanks to the EU's Digital Markets Act. A new study indicated that Eli Lilly's weight-loss medication, Zepbound, may effectively treat sleep apnea. Amazon announced it will expand its cashierless technology to more third-party locations like stadiums and airports, while reducing it in its own Fresh grocery stores. [Ed: Amazon is unrivaled at turning cost centers into profit centers] More Layoffs:
| Ideas, trends, and analysis |
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| | | 🌍 Global Perspectives | 🇦🇪 A rare torrential storm in the UAE resulted in at least one fatality and caused chaos at the Dubai airport. 🇮🇱 🇮🇷 Prime Minister Benjamin Netanyahu said Israel will make its own decisions on defense after Western countries pleaded for restraint. 🇯🇵 An earthquake with a preliminary magnitude of 6.4 hit southern Japan late on Wednesday. 🇬🇪 🇪🇺 Georgia's parliament approved the first reading of a bill on "foreign agents" that the EU said risked blocking the country's path to membership. 🇲🇲 Myanmar's detained former leader Aung San Suu Kyi has been moved from prison to house arrest.
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| | 📊 Crypto | | Bitcoin tumbled below $60,000 for the first time since early March as cryptocurrencies slipped Wednesday. Mainland Chinese investors likely won't be allowed to buy into the newly approved Hong Kong-listed spot Bitcoin ETFs. GBTC outflows overpowered other spot Bitcoin ETF inflows for the third straight day. Hype around Runes, a new protocol to allow tokens on Bitcoin, has pushed transaction fees higher ahead of the halving.
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| 🧠 Errata | Boston Dynamics revealed its all-new contortionist humanoid robot. Developers in Oklahoma City are trying to build the tallest skyscraper in the US for 1.6 billion dollars. Uber is helping investigators look into the account that sent a driver to an Ohio home where she was shot to death by an 81-year-old man. Boeing's new Starliner spacesuits are a hit with astronauts, who are buzzing about the flexibility and comfort.
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| | 📺 What to Watch Today | | All New Atlas | Boston Dynamics |
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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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