🧠 TikTok gifted to Oracle & VCs / Fed rate cuts .25% / Nvidia invests $5B in Intel

🏛️ Financial News

• Administration 🏛️ Bloomberg via Yahoo! Finance: TikTok deal to include new investors with ByteDance; Oracle to keep cloud agreement, sources say

  • Investing.com: US government shutdown looms; Senate rejects stopgap funding bill

  • CNBC: SEC to propose rule change on Trump’s call to end quarterly earnings reporting, says Chair Atkins

• Federal Reserve 💵 CNBC: Fed cut rates by 25 bps to 4%-4.25% and signaled two more this year

  • CNBC: Here’s what the Federal Reserve’s rate cut means for your borrowing costs and savings rates

  • CNBC: New Trump appointee Miran calls for half-point cut in only dissent as rest of Fed bands together

• Home Mortgages 🏡 CNBC: Mortgage refinance demand spikes nearly 60%, as interest rates drop sharply

• Retail Sentiment 💳 Reuters via Yahoo! Finance: US retail sales increase strongly; softening labor market a headwind

  Consumer Sentiment 🛒 Reuters via Yahoo! Finance: US consumers are feeling the stress of inflation, interest rates, report shows

  • CNBC: Gen Z leads biggest drop in FICO scores since financial crisis

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📊 Global Markets

• S&P 500 $VOO ( ▲ 0.49% )🌍 CNBC: Dow, S&P 500 close at fresh records, log big gains for the week after Fed rate cut

• Nasdaq $QQQ ( ▲ 0.59% ) 🚀 CNBC: Three major US stock indexes post record closing highs on the same day for the first time since November 2021

• Europe Markets $STOXX ( 0.0% ) 🏰 euronews: European markets open higher after rally on Wall Street, slide in Asia

• India Markets $NSEINDIA.P ( 0.0% ) 🕌CNBC: Trump's $100K H-1B fee slams Indian IT: Infosys, Wipro ADRs sink on Wall Street 

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📈 Stocks

• Media : Studios $PARAA ( ▼ 5.93% ) 🎪 CNBC: Paramount Skydance bid for Warner Bros. Discovery could be in the range of $22-$24 per share, sources say

• Media : Networks $NST ( 0.0% ) 📡 CNBC: Jimmy Kimmel’s suspension highlights Nexstar and Sinclair’s vast control over US airwaves

• Technology $GOOG ( ▼ 1.31% )🔍 CNBC: YouTube announces new generative AI tools for Shorts creators

  • CNBC: YouTube has shelled out over $100B to creators in just four years

• Technology $AMZN ( ▼ 1.7% )  🛒 Reuters: Amazon invests over $1B to raise employee pay, lower healthcare costs

• Food : Staples $GIS ( ▼ 0.5% ) 🥣  CNBC: General Mills beats Q1 earnings estimates despite sales decline

• Live Events : Marketplace $STUB ( ▼ 5.69% ) 🎫 CNBC: StubHub slides 6% in NYSE debut after ticket seller’s long-awaited IPO

• Restaurants : Dining $DRI ( ▲ 0.17% ) 🍝 CNBC: Olive Garden owner Darden Restaurants disappoints on earnings but hikes sales outlook

• Restaurants : Dining $CBRL ( ▲ 0.35% ) 👴 CNBC: Cracker Barrel stock falls as company reports mixed earnings after rebrand controversy

• Consumer : Transports $LYFT ( ▲ 0.2% ) 🚖 TechCrunch: Lyft and Waymo are partnering to bring robotaxis to Nashville

• Transports $FDX ( ▼ 0.58% )📦 CNBC: FedEx pops as shipping giant reinstates its full-year outlook

• Healthcare : Pharmaceuticals $NVO ( ▼ 1.12% ) 💊 FiercePharma: Novo Nordisk pads case for Wegovy in a pill as oral obesity asset nears FDA decision

• Healthcare : Pharmaceuticals $PFE ( ▲ 0.04% ) 💊 TechCrunch: Eli Lilly pill outperforms Novo Nordisk’s oral drug in head-to-head diabetes trial

  • Sherwood by Robinhood: Who is winning the GLP-1 race?

• Airlines $BA ( ▼ 1.59% )✈️Investing-com: Striking Boeing Defense workers approve union’s proposed contract that company rejected

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🌐 Technology 

• B2B Technology $ORCL ( ▲ 6.54% ) 🌐 Bloomberg via Yahoo! Finance: Oracle in talks with Meta on $20B AI cloud deal 

  • WSJ via Yahoo! Finance: Oracle, Silver Lake consortium to control 80% stake in TikTok in US, WSJ reports

• Semi-conductors : CPUs $INTC ( ▼ 2.77% ) 🧇 CNBC: Intel surges 30% as Nvidia to invest $5B in chipmaker, co-develop data center and PC chips

• Semi-conductors : GPUs $NVDA ( ▲ 3.93% ) 🧇 TechCrunch: China tells its tech companies they can’t buy AI chips from Nvidia

• Data Center : Memory $MU ( ▲ 1.08% ) 🧠 Reuters: Micron’s record-setting winning streak ends with a thud

• Communications $META ( ▼ 1.71% ) 👥 CNBC: Mark Zuckerberg unveils $799 Meta Ray-Ban Display glasses

• Technology $GOOG ( ▼ 1.31% )🔍Insider Monkey via Yahoo! Finance: Alphabet Inc. (GOOGL) Crosses $3T in market cap for first time

  • TechCrunch: How AI startups are fueling Google’s booming cloud business

  • TechCrunch: Gemini tops the App Store thanks to new AI image model, Nano Banana

  • TechCrunch: Google brings Gemini in Chrome to US users, unveils agentic browsing capabilities, and more

• Technology $MSFT ( ▼ 0.66% ) 👩‍💻 CNBC: Microsoft announces $30B investment in AI infrastructure, operations in UK

• Autos : EV $TSLA ( ▲ 1.91% ) 🔌 Yahoo! Finance: Tesla stock surges, turning positive year to date as Elon Musk buys $1B in shares

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🦾 Artificial Intelligence

• China AI 🐉 South China Morning Post: China's DeepSeek says its hit AI model cost just $294,000 to train 

• Frontier LLMs : OpenAI 🤖 CNBC: OpenAI will apply new restrictions to ChatGPT users under 18 

  • CNBC: OpenAI hires former xAI CFO as Altman-Musk rivalry escalates 

• Frontier LLMs : Anthropic 🤖 TheVerge: Microsoft favors Anthropic over OpenAI for Visual Studio Code

• 📧 Subscribe to Unprompted Invest beyond Nvidia in the $15T global AI market, from infrastructure, ingest & training, and inference (Coming soon)

⚖️ AI Jobs Watch 

• Contracting 🤝 Tom’s Hardware: Google terminates 200 AI contractors — 'ramp-down' blamed, but workers claim questions over pay and job insecurity are the real reason behind layoffs 

• Business Adoption 💼 TechCrunch: 77% of Claude AI firms are using AI to automate work, risks white-collar job losses 

• Venture Capital Adoption ⛷️ Yahoo! Finance: SoftBank Vision Fund to lay off 20% of employees in shift to bold AI bets, source and memo say 

• Consumer Adoption 🛍️ Reuters: Investigation: We set out to craft the perfect phishing scam. Major AI chatbots were happy to help. 

  • The New Yorker: Playing the field with my AI boyfriends 

We’ll be back next Saturday morning to recap the week’s financial news.

Thanks to the RocketMoney App for sponsoring.

✨ Happy Unprompting,

Rawee
[email protected]

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