| | | | | Are you — or do you know — a ninja PPC marketer or videographer? We’re hiring for both. Just smash reply if so. |
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| | Is AI about to disrupt hospitality? | | | Jurny is an AI platform automating hotel and short-term rental operations, targeting over $355B in operational costs annually. | Partnered with industry giants like Airbnb, Vrbo, and Expedia, Jurny’s technology fully automates operations for thousands of properties globally. | In 2023, Jurny’s customer base grew 5x and it processed $35M+ in bookings. Featured by CNBC’s Squawk Box for its AI innovations and impact on hospitality, as well as by Forbes, Bloomberg, Skift, and many others. Successfully raised more than $12M from leading VCs and 1,200+ individual investors.
| Act now to secure your investment in Jurny before it's too late. This is a rare opportunity to invest alongside leading VCs, and you don’t want to miss you. Learn More & Invest | | Disclaimer: This is a paid advertisement for Jurny’s Regulation CF offering. Please read the offering circular at https://www.startengine.com/offering/jurny. | | 📰 Market Headlines | | The May jobs report is in focus this week after a strong month ended with a whimper. Despite the S&P 500 rising 5.3% and the Nasdaq gaining 8% for the month, last week's trading saw the Nasdaq flat and the S&P 500 up just 0.2%. Friday’s report is expected to show a cooling market, with 185,000 new jobs and unemployment holding at 3.9%.
Ukrainian President Zelenskyy accused China of helping Russia disrupt the upcoming peace summit. Nvidia CEO Jensen Huang announced its next-generation AI chip platform, and they named it Rubin.
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| | 🕶️ Market Vibes | 🎰 Market Forecasts and Futures | Forecasts via Kalshi, the prediction market. | | 😱 Fear and Greed Index | | | 🎤 What you said last time | I wonder if this poll would have turned out differently a year ago. | | 📈 Trends you need to know | | Not all the cash in a VC fund is actually used to make investments. Instead, some of it lies dormant as dry powder. | Dry powder is basically the ammunition VCs have to make new investments with existing fund money. | Now, it’s not uncommon for VC funds to have some dry powder. After all, it takes time for VCs to source and identify sufficiently attractive startups. | But if these opportunities never come around (or if VCs are overly ambitious with their fundraising efforts) the pile of dry powder can grow rapidly. | This is exactly what we’ve seen over the past few years. | Why does this matter? |
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| | 🧠 What do you think? | 💬 Have your say | Over the weekend, Mexico elected its first female President. Without looking, how many female heads of state are currently in office? | How many countries have a female head of state/government? | | | 📊 Stocks | | | Winners and losers | Earnings, upgrades, and acquisitions | Another week means another slew of earnings reports. Here's who to look out for: | Monday: Gitlab (GTLB) Tuesday: Bath & Body Works (BBWI), CrowdStrike (CRWD), Hewlett Packard Enterprise (HPE), PVH (PVH), Stitch Fix (SFIX) Wednesday: Campbell's (CPB), ChargePoint (CHPT), Dollar Tree (DLTR), Five Below (FIVE) Lululemon (LULU), Victoria's Secret (VSCO) Thursday: Big Lots (BIG), DocuSign (DOCU), Nio (NIO), Rent the Runway (RENT), The JM Smucker Company (SJM), Vail Resorts (MTN)
| Market movers | Okta has been accused of "retaliatory" layoffs in a gender discrimination lawsuit. Nippon Steel's vice chairman has returned to the US to discuss a $14.9 billion acquisition of US Steel. Russian court eased restrictions on UniCredit in a lawsuit, allowing the Italian lender to pledge bonds as collateral. Brazilian airline Gol announced on Friday that its board elected Eduardo Gotilla as its new chief financial officer after posting a $76 million net loss for April. Nike announced plans to lay off 2% of its global workforce, including cuts to its "Department of Nike Archives."
| Ideas, trends, and analysis |
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| The US M2 money supply has contracted by nearly 4% over the past two years for the first time since the Great Depression. Obsolete government-issued debit cards have led to rising food aid theft, with nearly $62 million in benefits replaced over the past year. The unemployment rate for bachelor's degree recipients aged 20-29 surged to over 12% from a year ago.
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| | 🌍 Global Perspectives | 🇨🇳 New home prices in China inched up 0.25% in May, the 9th straight monthly rise. 🇮🇱 🇵🇸 An aide to Israeli President Netanyahu said President Biden's Gaza plan is "not a good deal" but Israel accepts it, wanting hostages released. 🇺🇦 🇷🇺 Ukraine imposed emergency power shutdowns in most of the country after Russia unleashed attacks on energy infrastructure. 🇲🇽 Mexican voters elected the country's first woman president in a historic election marred by violence. 🇩🇪 A firefighter died and several thousand people were evacuated as heavy rain caused flooding in southern Germany. 🇮🇳 Exit polls project Indian Prime Minister Modi's BJP-led alliance to win big in the general election.
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| | 📊 Crypto | | President Biden vetoed a bill that would have overturned the SEC's SAB 121 guidance, saying "appropriate guardrails" are needed. Bitcoin miner balances fell below 1.81 million BTC, the lowest in years. An 85-year-old ex-attorney pled guilty to a $9.5 million crypto Ponzi scheme. 48 billion yen in Bitcoin disappeared from the Japanese crypto exchange DMM Bitcoin. The ex-CEO of a failed Kansas bank pled guilty to embezzling $47 million in a "pig butchering" crypto scam.
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| 🧠 Errata | Japanese billionaire canceled his SpaceX flight around the Moon due to delays. A humble fern now holds the record for the world's largest genome. NASA's rover picked up a new pet rock on Mars, aptly named "Dwayne." Former President Trump is now on TikTok. Zebrafish sent to China's space station are swimming in confused circles, struggling with microgravity.
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| | 📺 What to Watch Today | Who would have thought it’d take shipping fish to space to see them swim backward? |  | See zebrafish swim in space on China's Tiangong space station |
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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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