💹 MARKET RECAP → All three major averages rose on Tuesday, with the Dow Jones Industrial Average (DIA) reaching a new all-time high and closing out the month up ~2.2%.

🤖 AI MEGABANK VISION → JPMorgan (JPM) says it will build the first fully AI-driven megabank, promising efficiency gains and new services, but inviting fresh regulatory and ethical challenges.

⚖️ FTC TARGETS RENTALS → The FTC alleges Zillow (Z) and Redfin (RDFN) colluded to curb rental competition and inflate fees, sending shares lower as antitrust risks loom.

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🏦 Dimon’s AI leap. JPMorgan Chase (JPM) unveiled plans for the world’s first “fully AI-connected megabank,” aiming to weave machine intelligence into every layer—from retail banking to risk management.

🤖 Beyond chatbots. The project spans fraud detection, automated trading, personalized lending, and customer support. Executives say the AI integration could shave billions in costs while boosting client engagement.

⚠️ Big upside, big scrutiny. While the bank positions AI as a growth catalyst, regulators and privacy advocates are already circling, warning of systemic risk if algorithms fail or bias creeps in.

⚖️ Antitrust suit filed. The FTC has sued Zillow (Z) and Redfin (RDFN), alleging they colluded in the online rental market by coordinating fees and restricting competition.

🏘️ Impact on renters. Regulators say the companies’ practices inflated costs for landlords and tenants alike, harming affordability in an already strained housing market.

📉 Market reaction. Shares of Zillow and Redfin fell after the announcement, as investors weighed potential fines, restrictions, and the prospect of lengthy legal battles.

Amazon Prime Video teams up with FanDuel for real-time betting updates during NBA games (CNBC)

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