So long, Jim Cramer (ETF)

• Mortgage rates hit their highest point again: Mortgage rates jumped again on Monday. The average rate on the 30-year fixed mortgage hit 7.48%, the highest level since November 2000 (CNBC)
  

• Bond yields climb to another record: Yields on 10- and 30-year Treasurys rose around 0.08% in Monday afternoon trading, setting new highs dating back to 2007 and 2011, respectively (WSJ)
  

• Major oil deal: Permian Resources (PR) said on Monday it would buy Earthstone Energy (ESTE) in an all-stock transaction valued at about $4.5 billion, including debt (Reuters)
  

• $9.6 billion footlong: After a long, heated auction, PE firm Roark Capital is reportedly nearing a deal to buy the Subway sandwich-shop chain for about $9.6 billion (WSJ)
  

• 2023’s biggest IPO: SoftBank Group’s Arm Holdings took a step toward what’s set to become the biggest US IPO of the year, a bet that the once-obscure designer of phone chips can flourish in the era of AI computing (Bloomberg)
  

• So long Jim Cramer ETF: An ETF that aimed to track CNBC anchor Jim Cramer’s stock picks, LJIM, is planning to shutter just five months after launching (Yahoo)
  

• Zoom beats: Zoom (ZM) shares rose as much as 8% in extended trading on Monday after the video-calling software provider beat estimates and raised full-year forecast (CNBC)
  

• Coinbase is taking an equity stake in Circle: The companies will now equally share in interest income generated from the broader distribution and usage of Circle’s stablecoin, USDC (Blockworks)
  

• Palo Alto curbs earnings fears: Cybersecurity firm Palo Alto Networks (PANW) surged 15% after reassuring worried investors that its earnings release was not just a place to put bad news. It beat estimates (Forbes)
  

• Sweetgreen goes rural: Sweetgreen (SG) has hired two former Chipotle (CMG) execs to lead its marketing & culinary development, part of the salad chain’s strategy to expand into mid-America (WSJ)
  

• Microsoft tries to woo UK regulators: Microsoft’s (MSFT) $75 billion Activision Blizzard acquisition got a new chance at winning approval from UK regulators after the company submitted a substantially different deal to the country’s antitrust watchdog (CNBC)

• ‘Don’t you remember me?’ The crypto hell on the other side of a spam text (Bloomberg)

• Proper nutrition can prevent Postpartum Depression (WSJ)

• Airbnb hosts and guests scramble as New York begins crackdown (WSJ)

• From 1Q20 through the end of 1Q23, more than 370 investment firms – with $2.7 trillion AUM – moved their offices to a new state (ZeroHedge)

• Why it is hard to trust data coming from tech companies (Om)

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