📊 Gold Rush

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» JPMorgan ($JPM) is bolstering its footprint in Florida, injecting $210 million into Tampa office renovations and contributing billions annually to the state's economy. CEO Jamie Dimon highlights the bank's local impact, including charity donations and a naming deal for Lionel Messi's soccer stadium in Fort Lauderdale. (link)

» Gold holds near record $2,340 ahead of key US inflation data, which might affect future interest rate decisions, reflecting market complexity and mixed investor sentiment amid geopolitical tensions and central bank purchases. (link)

» Blackstone's ($BX) $10 billion acquisition of Apartment Income REIT spurred the biggest apartment stock rally in nearly four months, erasing earlier losses and ending up with a 22% surge in REIT shares. This move marks a bullish turn for the sector, revitalizing investor confidence amid broader real estate market fluctuations. (link)

» Target ($TGT) is implementing cameras at self-checkout stations to deter theft, utilizing new technology named TruScan to alert shoppers about unscanned items. This move reflects a broader trend as retailers like Dollar General and Kroger also strategize ways to address theft and operational challenges associated with self-checkout systems. (link)

» WW International ($WW) creditors, holding majority stakes in its dollar bond and term loan, are nearing a cooperation agreement via law firm Gibson Dunn & Crutcher to negotiate with the parent company. This comes amidst plummeting bond and loan prices below 45 cents on the dollar, reflecting broader industry challenges. (link)

» Economists doubt the Fed's earlier prediction of three quarter-point rate cuts this year, given recent robust job data and inflation rates; some now suggest no cuts at all. The Fed remains cautious, prioritizing concrete economic indicators before adjusting rates. (link)

» Top Trump Media executives, including CEO Devin Nunes, received substantial stock bonuses following its public listing, despite the company's $58 million loss against modest revenues. The merger that took Trump Media public also significantly benefited insiders, including Donald Trump, the largest shareholder. (link)

» Tesla ($TSLA) settles a wrongful death lawsuit with the family of an Apple engineer over an Autopilot crash, sidestepping a trial as evidence of Autopilot's involvement emerges. The settlement comes as Autopilot's performance and safety claims face scrutiny. (link)

Major ($10bn+) earnings releases scheduled the next five business days 👇 Click here for a comprehensive list of upcoming earnings releases

Results from yesterday’s economic releases & today’s schedule below 👇 Click here for full schedule & live updates of Wall Street estimates.

“Being defeated is often a temporary condition. Giving up is what makes it permanent.”

Marilyn vos Savant