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Your Quiver | Friday, April 26, 2024

CIO | Nadine Terman @SolsteinCapital details what she's seeing in global financial markets.

The Have’s and Have Not’s

MSFT beat on both their top and bottom lines due to AI integration driving software and cloud revenue growth, per Reuters. GOOG announced its maiden dividend, with AI driving cloud services growth, per Reuters. Axios is cheering them on and providing hope that AI will deliver. Intel delivered a bummer revenue guidance which is making folks worried that their turnaround isn’t going to plan, per BBG

Playing Chicken

ByteDance is playing chicken with the US gov. They’re saying they’ll shut down US TikTok operations if their legal case fails, per Reuters. Can you imagine all the influencers descending on the White House to complain? You have to admit it would be very entertaining

Put a Bigger Ring On It


Anglo American rejected BHP’s $39B takeover advance, saying it’s worth more, per BBG. Elliot built a stake

Get Ready to Rumble

Traders are readying for the 10-yr UST yield to move past the 16-year high of 5% due to increased US inflation worries, per Reuters

Get This

Walmart’s CEO wants to hire more workers without college degrees for high-paying corporate jobs, per ABC. Get this—managers at Supercenters can earn more than $400k per year, including stock grants. It’s called skills-based hiring.

Aw, Snap

Snap shares jumped almost 30% in afterhours trading post 1Q24 revenue beat, per CNBC

Autopilot

US’ top auto-safety regulator (NHTSA) is at it again, investigating Tesla’s Autopilot and whether the co did enough to fix noted problems. In particular, they’re looking at the Dec recall because crashes keep happening. More than 2mm cars are being reviewed.

Get Ready for Departure


Southwest exited four airports via a cost-cutting plan due to fewer Boeing plane deliveries and uncertain growth plans, per the NYT.

You’re Upgraded

Economists upgraded global growth expectations while cautioning that inflation and interest rates may remain higher for longer, per Reuters.

You’re Downgraded

German unemployment is rising to its highest level in roughly a decade because of a weak economy, per Reuters

China Chat


China’s stock markets were up a lot last night. Hang Seng +2.12%, Shanghai +1.17%, Shenzhen +2.15%, ChiNext +3.34%. Xi gave Blinken an earful, warning him against “vicious competition” between the 2 countries. Blinken asked him to stop supporting Russia. Nothing is going to progress here, folks. They are just meeting in hopes that things don’t escalate further.

OK…when?

The BOJ left rates unchanged as expected, driving the yen to a fresh 34-year low, per the FT. At the same time, Japan’s Finance Minister is worried about the yen’s negative effects and says he’s ready to act. OK….when?

Ready to Get Annoyed?

BofA provided these nifty charts.

Ending on Fun

Have you heard about the new fad on soon-to-be-banned TikTok? Oatzempic. The fad promises you can lose 40 pounds in less than 2 mo if you eat 1 cup water + ½ cup oats + lime.