- MoneyLion Markets Daily Newsletter
- Posts
- You Know What's Cool? A Billion Dollars
You Know What's Cool? A Billion Dollars
TLDR
MARKET RECAP → Stocks rose Friday, with the Dow (DIA) reaching a new all-time high. The winning week underscores a continuation of the postelection rally, categorized by a shift from a handful of big technology stocks to more economically sensitive corners of the market.
SUPREME COURT SIDESTEPS FACEBOOK CASE → The Supreme Court left Facebook’s (META) securities fraud case unresolved, allowing shareholder claims tied to the Cambridge Analytica breach to proceed. 🏛️
AMAZON BOOSTS ANTHROPIC INVESTMENT TO $8B → Amazon’s (AMZN) $4 billion boost to Anthropic solidifies AWS as its primary cloud partner, advancing Claude’s AI tools and fueling the generative AI race. 🚀
Was this email forwarded to you? Sign up for free here.
TODAY’S TOP NEWS
Supreme Court Sidesteps Facebook Fraud
🏛️ The U.S. Supreme Court dismissed Facebook’s (META) appeal in a securities fraud lawsuit tied to the 2015 Cambridge Analytica data breach. This decision allows the 9th Circuit Court’s ruling, which revived the case, to stand.
📉 Shareholders allege Facebook misled investors by failing to disclose the breach in risk reports, leading to stock declines after the 2018 media exposé. The company argued it was not legally obligated to report past incidents as part of risk disclosures.
💸 Facebook has already faced significant penalties, including a $5 billion FTC fine and a $100 million SEC settlement, for privacy violations. The case underscores ongoing scrutiny of corporate transparency and regulatory accountability.
TODAY’S TOP NEWS
Amazon Boosts Anthropic Investment To $8B
🛠️ Amazon (AMZN) doubled down on AI by investing another $4 billion in Anthropic, raising its total stake to $8 billion, while staying a minority investor. The partnership designates AWS as Anthropic’s primary cloud and training partner.
💡 Anthropic’s Claude chatbot and AI tools gained momentum in the generative AI race, with its latest feature enabling computers to perform complex, human-like tasks. Early adopters included Canva, Notion, and Asana.
💰 As part of its generative AI strategy, Amazon secured unique benefits for AWS users, including early access to fine-tune Claude with their data. This move strengthens its position against rivals in a market projected to reach $1 trillion.
NOTABLE POSTS
Add on acquisitions have been a thing since before you were born
— Overheard on Wall Street (@OHWallStreet)
3:01 PM • Nov 22, 2024
KEEP READING
Apple and Google could face a competition probe over their huge mobile ecosystems in the UK (CNBC)
Dozens of retailers jacked up interest rates on store cards ahead of Fed cuts (CNBC)
Indonesia wants Apple to sweeten its $100 million proposal as tech giant lobbies for iPhone 16 sales (CNBC)
Why You Should Join The No-Spend Challenge This Black Friday (ML)
When Were Credit Cards Invented? Unpacking The History (ML)
17 Credit Card Facts You Should Know (ML)
WHAT WE’RE WATCHING
OUR FAVORITE TOOLS & RESOURCES
OpenBB — AI-powered research and analytics workspace
Earnings Hub — Earnings calendar
Quiver Quantitative — Quiver allows retail investors to tap into the power of big data with insights into things like congressional trades as they are disclosed
Perplexity — Perplexity AI is an AI-chatbot-powered research and conversational search engine
The Market Ear — Live news, analysis and commentary on what moves markets and trading
Coinmarketcap.com — Crypto market data
Finviz — Financial visualizations
Trading Economics — Economic calendar
CME FedWatch Tool — Market-implied probabilities of future levels of interest rates
Dataroma — Track stock picks and portfolios of legendary value investors such as Warren Buffett
ChatGPT — Large language model-based chatbot powered by generative AI
Vimcal — Lightning-fast calendar and AI scheduling assistant
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. Terms and Conditions for our subscriber referral can be found here.