Headline via Bloomberg
Reuters had a piece overnight on developments, here for more. In Breoif:
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Ackman's $5B IPO debuts weak; retail traders blamed. High market valuations may pose risks.
AUR jumps 15% on Hirschbach deal, eyeing hundreds of millions in revenue. Execution is key.
Dow & S&P 500 hit records on strong earnings. Apple dips on iPhone miss, but sentiment stays high.
Australia April manufacturing PMI 51.3 vs 49.8 in March, but headline flatters. Input costs fastest in 4 years, supply delays worst since July 2022. Output, new orders and employment all fell. Middle East war cited.
AAPL beats earnings, up 4% after hours. Focuses on buybacks/dividends over AI capex.
MSFT's AI surges, but Azure lags peers. Valuation's okay, but risks loom for its core model.
ZEC surges 9% on trust inflows; BTC, ETH, SOL inch up. DeFi faces risk from $650M hacks.
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