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- 🚀 NASDAQ smashed through 17k
If you like making savvy investments and you’re an accredited investor, check out our equity raise. I think you’ll like what you see.
Is AI about to disrupt hospitality?
Jurny CEO Luca Zambello discusses the transformative role of AI multi-agents in hospitality in a recent CNBC interview.
Jurny is an AI platform automating hotel and short-term rental operations, targeting over $355B in operational costs annually.
Partnered with industry giants like Airbnb, Vrbo, and Expedia, Jurny’s technology fully automates operations for thousands of properties globally.
In 2023, Jurny’s customer base grew 5x and it processed $35M+ in bookings.
Featured by CNBC’s Squawk Box for its AI innovations and impact on hospitality, as well as by Forbes, Bloomberg, Skift, and many others.
Successfully raised more than $12M from leading VCs and 1,200+ individual investors.
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📰 Market Headlines
Nasdaq broke 17,000 for the first time ever, while the S&P 500 edged up and the Dow fell 0.6%.
Nvidia jumped 7%, lifting other chip stocks as traders returned from Memorial weekend.
Consumer confidence rebounded in May, with the wealthiest Americans expressing the largest rise.
T-Mobile made a $4.4 billion deal to buy almost all regional carrier US Cellular's wireless operations.
Hess shareholders approved the $53 billion merger with Chevron.
Ryan Salame, former FTX exec who testified against Sam Bankman-Fried, was sentenced to seven and a half years in prison.
🕶️ Market Vibes
🎰 Market Forecasts and Futures
Look at that jobs number tumbling…
😱 Fear and Greed Index
🎤 What you said last time
No love for the recently departed.
📈 Trends you need to know
The Nasdaq smashed through to an all-time high yesterday.
🧠 What do you think?
💬 Have your say
Starship Troopers and RoboCop have been in the news a bit lately, so it’s time to settle the debate once and for all.
Which is the best dystopian Paul Verhoeven film? |
📊 Stocks
Get $20 free shares at public.com using code ALTSCO.
Winners and losers
Earnings, upgrades, and acquisitions
Cava Group topped Q1 expectations, but shares fell 6.9%
Box beat on Q1 earnings, pushing shares up 1%.
American Airlines slashed its Q2 sales outlook and adjusted EPS guidance below consensus; shares tumbled 9.23%.
Market movers
Robinhood unveiled its first-ever $1 billion stock buyback plan.
Amazon's request to dismiss the FTC lawsuit alleging it enrolled millions into Prime without consent was rejected in court.
Ørsted paid the state of New Jersey $125 million after wind farm plans were canceled.
OpenAI formed a new safety committee and began training its next AI model.
Bombardier Recreational Products laid off 404 employees at Saint Peter, Minn.
Ideas, trends, and analysis
Buy now, pay later plans are now the second-most used form of credit payment among US consumers.
US home prices hit another record high in March.
More Americans are reporting rising expenses than rising incomes for the second year in a row.
US-based employers announced 64,789 job cuts in April, down 28% from March.
🌍 Global Perspectives
🇳🇬 Nigeria's inflation has climbed to a three-decade high of 33% in President Bola Tinubu's first year.
🇵🇸 🇺🇸 Damage to the U.S temporary pier stopped aid deliveries to Gaza by sea.
🇭🇰 Hong Kong national security police arrested six people for alleged “seditious intent”, including a pro-democracy barrister.
🇳🇱 Former Dutch intelligence chief Dick Schoof was proposed as prime minister.
📊 Crypto
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One-third of US voters say they'll weigh candidates' crypto views before voting.
JP Morgan said it believes Solana and other crypto ETFs are unlikely to gain SEC approval.
MoonPay launched a Web3 Tools platform to help brands like Gucci, Puma, and Mastercard navigate crypto initiatives with less complexity.
🧠 Errata
The "Home Alone" childhood home hit the market for $5.25 million.
A man was arrested after running naked through a plane mid-flight.
A Kentucky family is left homeless for the second time after a tornado hit the same location as in 2021.
Declassified radar tech is letting satellites peer at Earth in minute detail, even through clouds.
📺 What to Watch Today
That’s all for today. Did I miss anything? Smash the reply button to let me know.
Cheers,
Wyatt
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