The Finimize Daily Brief

Keith Gill, a.k.a. “Roaring Kitty”, caused more ruptures in the stock market, while China's patchy stats showed exactly why its stock rally ran out of puff. Today’s stories:  The “Roaring Kitty” Chowed Down On Pet Food Retailer Chewy’s Stock China’s Manufacturing And Services Sectors Are Looking Worse For Wear Try Finimize Premium

China approved Novo Nordisk's weight-loss wonder drug Wegovy, while Denmark approved the world’s first carbon tax on agriculture. Today’s stories:  Novo Nordisk Got The Green Light In China For Its Weight-Loss Drug Wegovy Denmark Just Approved The World’s First Polluting Tax On Agriculture Try Finimize Premium  

Airbus lowered its profit outlook for the year, while Apple and Microsoft were charged under the EU’s new Digital Markets Act. Today’s stories:  Airbus Lowered Its Profit Outlook After Lingering Supply Chain Kinks Apple And Microsoft Have Been Caught In The EU’s Regulatory Crunch Try Finimize Premium  

Apple and Meta seemingly put the past behind them to talk about collaborating, while copper prices are starting to fall from their record highs. Today’s stories:  Apple Could Integrate One Of Meta’s AI Models Into Its Products Copper Prices Have Started To Fall From Their Recent Record Highs Try Finimize Premium + ++

Revolut is aiming for a valuation of over $40 billion, while birth rates in industrialized economies have more than halved since 1960. Today’s stories:  Revolut’s Share Sale Could Value The Fintech Company At Over $40 Billion Birth Rates In OECD Countries Have More Than Halved Over The Last 60 Years Or So Try Finimize Premium

The Bank of England kept interest rates unchanged, while soaring debt in the European Union added drama to a volatile market. Today’s stories:  The Bank Of England Held Interest Rates Steady For The Seventh Time In A Row The European Central Bank Cautioned Its Member Countries Over Heavy Debt Try Finimize Premium

The UK beat the US and eurozone to inflation coming in on target, while American carmaker Fisker filed for bankruptcy. Today’s stories:  British Inflation Came In Bang On Target For The First Time In Three Years Another EV Maker Bites The Dust: American Firm Fisker Filed For Bankruptcy Try Finimize Premium  

A major tech ETF is set to load up on Nvidia, at the expense of Apple, while the S&P 500 broke yet another record. Today’s stories:  One Of The World’s Most Prominent Tech ETFs Looks Set To Load Up On Nvidia The S&P 500 Broke Yet Another Record, But Opinions Are Mixed On What’s Next Try Finimize Premium  

One in every three global investment dollars is landing in the US, while political turmoil cost Paris its crown as Europe’s biggest stock market. Today’s stories:  One In Every Three Global Investment Dollars Is Landing In The US Paris Lost Its Title As Europe’s Biggest Stock Market After Political Turmoil Try Finimize Premium  

Keith Gill, a.k.a. “Roaring Kitty”, changed up his GameStop play, meanwhile US corporate cash piles swelled to a record $4.1 trillion last quarter, giving companies plenty of ammo Today’s stories:  Looks Like “Roaring Kitty” Now Holds Around Nine Million GameStop Shares US Companies Are Looking Flush After Beefing Up Their Cash Reserves Try Finimize Premium  

Europe announced fresh tariffs on Chinese EVs, while the latest dip in the eurozone’s industrial sector suggested a fragile recovery. Today’s stories:  The European Union Announced Fresh Tariffs On Chinese EVs Industrial Output In The Eurozone Dipped, But The Region’s Stocks Could Still Stand A Chance Try Finimize Premium  

The Fed signaled that investors might have to wait longer for a rate cut, while the World Bank hiked its forecast for the global economy. Today’s stories:  The Fed Signaled That There Might Be Just One Rate Cut This Year The World Bank Lifted Its Global Growth Outlook For The Year Try Finimize Premium  

Apple revealed its very own AI system for the first time, while Elliott Investment Management snapped up shares in Southwest Airlines. Today’s stories:  Apple Launched Its Own AI System To Compete With (Artificially) Intelligent Rivals Activist Fund Elliott Management Purchased A Stake In Southwest Airlines Try Finimize Premium  

The S&P 500 is reshuffling, adding private investment and software firms, while insurers are using bonds to brace for a tough hurricane season. Today’s stories:  The S&P 500 Is Booting Out The Old And Bringing In The New Insurers Are Battening Down The Hatches, Issuing Catastrophe Bonds Try Finimize Premium  

The US added more jobs than expected in May, while Nvidia investors have more shares each after the firm’s ten-to-one stock split. Today’s stories:  The US Economy Beat Job Expectations Again, But More Might Not Be Merrier Nvidia Investors Have Ten Times As Many Shares Each After The Firm’s Stock Split Try Finimize Premium  

The ECB cut interest rates for the first time since 2019, while the NBA is reportedly close to sealing media rights deals worth $76 billion. Today’s stories:  The ECB Took A Step Toward Lower Interest Rates, With Its First Trim Since 2019 The NBA Could Score A Three-Pointer, Negotiating Deals With Multiple Networks Try Finimize Premium  

Activist hedge fund Elliott Investment Management targeted SoftBank, while China’s exporting spree might have sparked another round of tariffs. Today’s stories: Activist Investor Elliott Management Wants To Whip SoftBank Into Shape China’s Exporters Have Branched Out Beyond High-Tech Products, Risking Even More Tariffs Try Finimize Premium  

India’s stocks stumbled after the country’s election, while Bill Ackman sold a 10% stake in Pershing Square. Today’s stories: India’s Wild Ride To New Market Highs Hit A Stomach-Dropping Pothole Bill Ackman Sold A 10% Stake In Pershing Square Ahead Of A Potential IPO Try Finimize Premium