🚀 Stocks hit highs

Sponsored by

Market Overview
Read time 1.6 minutes

Year To Date Performances:

1. Stocks climbed to new highs with the S&P 500 and Nasdaq Composite reaching record levels, driven by optimism around easing inflation and tech sector gains. The S&P 500 advanced by 0.7%, and the Nasdaq Composite by 1.4%, erasing earlier losses for the week. This uptrend was supported by the European Central Bank's updated, more positive inflation and growth forecasts, along with Federal Reserve Chair Jerome Powell's indication that interest rate cuts are expected within the year, boosting investor confidence. Tech stocks led the gains, with notable performances from Intel, Nvidia, and Apple.

2. The potential easing of regulations requiring banks to hold more reserves, as indicated by Federal Reserve Chair Jerome Powell, highlights the considerable influence the banking industry wields in regulatory discussions. This move, which comes in response to strong lobbying efforts by the banking sector, might put key regulatory measures intended to enhance financial system safety at risk. The regulation was initially proposed in the wake of recent bank failures to ensure a more robust banking system. The final decision on the implementation timeline for these changes is pending, with the economic landscape and market dynamics, including wage trends, being closely monitored. This development signifies a significant regulatory shift that could have broad implications for the banking industry and the stability of the financial system.

3. Visa and Mastercard agree to historic $5 Billion Settlement! In a groundbreaking move for the payment industry, Visa and Mastercard have come to a historic $5 billion settlement, marking a pivotal moment for small business owners. If you are a small business owner, claim your share today!*

4. Headlines

   1. Sweden has formally joined NATO.

   2. Rivian released new models, causing its stock to rise by 2%.

   _{* This is sponsored content.}

Stay up-to-date with AI.

The Rundown is the world’s fastest-growing AI newsletter, with over 500,000+ readers staying up-to-date with the latest AI news and learning how to apply it.

Our research team spends all day learning what’s new in AI, then distills the most important developments into one free email every morning.

Sign up with one click.

Are you looking to grow your business? Here is how I can help:

📢 Promote your startup to 2,000+ VCs including investors from a16z, YC, Techstars, Rarebreed, Sequoia and more.

📱 Book a Strategy Call to get 1:1 feedback on your pitch, pitch deck and/or fundraising strategy. (If you need general startup advice, then reply to this email, and I’ll let you know if/how I can help.)

📺 Access FundraiseOS, the ultimate fundraising course with video lessons and practical worksheets helping with everything from deciding how much to raise to understanding a term sheet.

💸 Promote your product or service to 100,000+ entrepreneurs.

🌐 Connect with me on LinkedIn or X (formerly Twitter) to get access to new content about startups, fundraising, venture capital, and more every day.

Liam’s Exclusive Partner Discounts^*:

• Startups get six months free of Zendesk's industry-leading customer support solution that's scalable and easy to use.

• Get 20% off Keap's automated sales and marketing solutions, tailored to boost business growth with automation tools and coaching.

• Get 40% off Mobly's lead capture app that enriches data and pushes to your CRM instantly for their first year, worth up to $3,000 in savings.

* This is sponsored content. 

Onwards and Upwards,

Liam Gill