TLDR

MARKET RECAP → All three major US stock indexes closed in the red Tuesday, led by the Nasdaq Composite (QQQ) as Nvidia (NVDA) prompted a wider tech slump ahead of its upcoming earnings announcement. Could the tech king’s reign be coming to an end?

MIND OVER MOUSE → 🖱️ Neuralink's landmark: A patient now controls a computer mouse with their mind, marking a significant leap towards merging human cognition with technology.

MEGA MERGER → 💼 Capital One's $35.3B acquisition of Discover promises to reshape the credit card landscape, marrying vast networks and heralding strategic growth amidst financial flux.

​​TV MEETS RETAIL → 🛒 Walmart acquires Vizio for $2.3B, aiming to supercharge its ad business and innovate in-home entertainment, marking a bold foray into tech-driven retail.

Sean Horgan

Head of Investor Relations @MoneyLion

$shorgan*

Today’s S&P 500 Heatmap

A Message From Our Sponsor

Stay up-to-date with AI.

AI won’t replace you, but a person using AI might. That’s why 500,000+ professionals read The Rundown– the free newsletter that keeps you updated on the latest AI news, tools, and tutorials in 5 minutes a day.

Sign up today.

Today’s Top News

MIND OVER MOUSE

🧠 Breakthrough Achievement: A patient equipped with Neuralink's brain implant can now maneuver a computer mouse merely through thought, as announced by Elon Musk. This milestone demonstrates the implant's potential to restore essential functions like vision, motor skills, and speech.

🤖 Innovative Implantation: For the first time in January, Neuralink successfully implanted its device into a human, utilizing a precision robot for the procedure. This development is part of the company's broader goal to enable humans to control external technologies using neural signals.

🔬 Path to Commercialization: Following FDA approval for its first human clinical trial last May, Neuralink has embarked on a rigorous journey of data safety collection and testing. This process is crucial for gaining final approval and moving closer to commercializing the technology.

MEGA MERGER

💳 Historic Deal Sealed: Capital One is set to acquire Discover Financial Services in a monumental $35.3 billion all-stock transaction. Shareholders of Discover are poised to receive a 26% premium over the closing price, with the merger expected to conclude by early 2025, signifying a significant expansion of Capital One's credit card and deposit base.

🌐 Brand and Strategy: Despite the merger, Capital One plans to retain the Discover brand, leveraging Discover's strong deposit gathering capabilities and extensive network. This strategic move is aimed at bolstering Capital One's position in the competitive financial market, particularly in the current economic climate.

📈 Market Movements and Implications: The announcement comes at a time when Discover faces regulatory challenges and leadership transitions, with its shares experiencing a slight downturn. Conversely, Capital One's market cap and shares have seen an uptick, highlighting the merger's potential to reshape the financial sector's landscape and set a precedent for future mergers and acquisitions.

​​TV MEETS RETAIL

📺 Strategic Acquisition: Walmart announced its purchase of TV manufacturer Vizio for $2.3 billion, aiming to enhance its burgeoning ad business. The acquisition, revealed alongside Walmart's fourth-quarter earnings, highlights the retailer's ambition to leverage Vizio's SmartCast Operating System for streaming ad-supported content.

💡 Ad Business Amplification: Walmart's move to buy Vizio underscores its effort to compete with Amazon in the advertising domain, promising advertisers extended reach through Vizio's 18 million active SmartCast accounts. This strategic step is part of Walmart's broader push to diversify revenue streams and capitalize on higher-margin business segments like advertising.

🚀 Future Innovations: With this acquisition, Walmart not only solidifies its position in the retail and ad markets but also sets the stage for "innovative television and in-home entertainment and media experiences." This venture into the tech space signals Walmart's commitment to expanding its digital footprint and enhancing customer engagement.

Keep Reading

EY, MoneyLion unite to deliver integrated digital finance (Fintech Nexus)

It's time for the White House to put up or shut up (Nate Silver)

American Airlines raises bag fees, won’t allow some travel agency bookings to earn miles (CNBC)

Adobe launches AI assistant that can search and summarize PDFs (CNBC)

X social media platform restores account of Navalny’s widow, Yulia Navalnaya, after brief suspension (CNBC)

AbbVie taps longtime executive Robert Michael as new CEO, succeeding Richard Gonzalez (CNBC)

About 13,000 home security customers were shown someone else’s home (CNN)

Britain falls into recession, with worst GDP performance in 2023 in years (CNN)

Former TikTok executive sues the company for alleged gender and age discrimination (CNN)

How RJ Scaringe Is Driving Rivian Straight At Elon Musk (Forbes)

Salt Bae’s controversial London restaurant, which charges $850 for a steak, has turned off the heating to save money (Fortune)

How To Manage A Credit Card: 9 Best Practices (ML)

Move on a Budget: 12 Tips on How to Cut Costs (ML)

And if you want more, be sure to check out the MoneyLion blog for tips, hacks and all things money. (MoneyLife)

Our Favorite Tools & Resources

• The Market Ear - Live news, analysis and commentary on what moves markets and trading

• Earnings Whispers - Notable upcoming earnings reports

• Coinmarketcap.com - crypto market data

• Finviz – financial visualizations

• Trading Economics – Economic calendar

• ChatGPT – Large language model-based chatbot powered by generative AI

• CME FedWatch Tool – Market-implied probabilities of future levels of interest rates 

• Vimcal – Lightning-fast calendar and AI scheduling assistant

• Dataroma – Track stock picks and portfolios of legendary value investors such as Warren Buffett

The Bull vs. Bear Merchandise Promotion is a limited time campaign that begins on December 1, 2023 at 12:00 AM ET and ends on the date that there are no more Rewards. This Promotion is available to any registered MoneyLion user who is a legal resident of the 50 United States or the District of Columbia and who has reached the age of majority in their state as of the beginning of the Promotional Period. See terms and conditions here.

This advertising email was sent to you because you have a MoneyLion account. If you would like to unsubscribe, please do so using this link.
We respect your right to privacy. Please do not reply to this email with sensitive information, such as an account number, Social Security number, date of birth, bank account information, PIN, password, or Online ID. The security and confidentiality of your personal information is important to us. If you have any questions or want to read more, please visit our Help Center.

MoneyLion and Pathward do not provide, nor do they guarantee, any third-party product, service, information, or recommendation. The third parties providing these products or services are solely responsible for them, as well as all other content on their websites. MoneyLion is not liable for any third party’s failure with regard to those advertised products, services, and benefits. These advertised products and services may not be FDIC insured or bank-guaranteed, and may be subject to a different privacy policy than MoneyLion’s. You should check individual offers, products, and services to become familiar with any applicable restrictions or conditions that may apply. MoneyLion may receive compensation from third parties for referring you to the third party, their products or to their website.

The influencer, creator and other content provided in the MoneyLion App (“Content”) is for informational and entertainment purposes only and should not be construed as legal, tax, investment, financial, or other advice. All Content is intended to be of a general nature, does not address the circumstances of any particular individual or entity, and may not constitute a comprehensive or complete statement of the matters discussed. MoneyLion is not a fiduciary by virtue of any person’s use of or reliance on the Content. You should consult an appropriate professional if you require any legal, tax, investment, financial or other advice.