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As billions of dollars have flooded into Big Tech over the last six weeks, bitcoin trading volumes and demand have slumped. Since April 25, the NYSE FANG+TM index of big tech and growth stocks has surged 24%, nearly three times the broader Nasdaq. The AI boom has gathered momentum despite the rise in bond yields and discount rates. This has highlighted bitcoin's underperformance and strongly suggests that outside the rarified world of Big Tech, investors are much more discerning. Indeed, just seven U.S. tech stocks have driven all of the positive S&P 500 returns so far this year, according to analysts at Barclays.

Persons: Crypto, Matt Weller, Weller, bitcoin, Vanda, Vanda's Marco Iachini, cryptocurrencies, Jamie McGeever, Sam Holmes Organizations: Nasdaq, NYSE, Reuters, Big Tech, Microsoft, Barclays, Vanda Research, Thomson Locations: ORLANDO, Florida, U.S

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☆ Morning Bid: Debt deal is near, Fed peak is not
▼ + stars: | 2023-05-26 | by ( ) www.reuters.com time to read: +4 min

Investors juggled these three strands over the past 24 hours, with top-line equity index relief from the Nvidia-inspired spur to artificial intelligence and chip stocks everywhere. And the banking stress that changed the picture in March appears to be settling too, judging by the latest central bank numbers. Friday brings some hope that White House and congressional leaders can ink a deal on lifting the U.S. debt ceiling they indicated overnight was now close - just before the Treasury Department runs out of cash from June 1 next week. Anxieties in the Treasury bill market only eased a touch, and one-month bill yields remained above 6% early Friday. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Toyota redesigns bestselling Tacoma pickup amid increased midsize competition
▼ + stars: | 2023-05-19 | by ( Michael Wayland | ) www.cnbc.com time to read: +4 min

The Tacoma has led the midsize pickup segment in sales for nearly 20 years, as competitors such as Ford, Jeep and Chevrolet have come, gone and returned to the segment. Midsize pickup trucks represented 4.4% of total U.S. vehicle sales in 2022, according to auto research firm Edmunds. Toyota has commanded a roughly 40% share of the American midsize pickup truck segment since 2019 when Ford Motor and Jeep reentered market, according to Edmunds. 2024 Toyota Tacoma Limited ToyotaTrailing Toyota is General Motors , which sells the Chevy Colorado and GMC Canyon. Tacoma is available in SR, SR5, TRD PreRunner, TRD Sport, TRD Off Road, Limited, TRD Pro, and Trailhunter.

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☆ 3 Hilton credit cards are offering whopper welcome bonuses of up to 150,000 points plus a free night at nearly any Hilton hotel (even the fanciest resorts)
▼ + stars: | 2023-05-11 | by ( Joseph Hostetler | Jasmin Baron | Sarah Silbert | ) www.businessinsider.com time to read: +31 min

The Hilton Honors American Express Card, Hilton Honors American Express Surpass® Card , and The Hilton Honors American Express Business Card are offering a higher number of points than usual, plus a Hilton free night award certificate valid at just about any Hilton hotel (worth as much as 150,000 points). Earn 7X Hilton Honors Bonus Points for each dollar of eligible purchases charged directly with hotels and resorts within the Hilton portfolio. Those bonus points worth $650 in travel, based on Insider's valuation of Hilton points as worth 0.5 cents each. Details Rewards Earn 12x Hilton Honors Points at Hilton per dollar for purchases made directly with hotels and resorts in the Hilton portfolio. The best Hilton card for you depends on your spending habits and how often you stay with Hilton.

Yields on U.S. short-dated Treasury bills , jumped sharply as investors sold off bonds, which mature as early as June. That weighed on shares of high-growth companies, including Apple Inc (AAPL.O) and Microsoft Corp (MSFT.O), which fell about 0.5% each. ET, Dow e-minis were down 82 points, or 0.24%, S&P 500 e-minis were down 15.25 points, or 0.37%, and Nasdaq 100 e-minis were down 73.25 points, or 0.55%. Chip-gear maker Skyworks Solutions Inc's (SWKS.O) shares tumbled 11.7% after forecasting current-quarter revenue and earnings below estimates. Shares of other Apple suppliers including Qualcomm (QCOM.O) and Qorvo (QRVO.O) fell 0.9% and 2.3%, respectively.

☆ Morning Bid: Amazon cools, Intel warms, Japan hesitates
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: +5 min

[1/2] A smartphone with a displayed Intel logo is placed on a computer motherboard in this illustration taken March 6, 2023. But the dramatic re-acceleration of Big Tech stocks this week - where the NYFANG+TM (.NYFANG) index of the top 10 Big Tech stocks is now up 37% so far this year - is competing with multiple macro narratives that are increasingly hard to read. With the Fed meeting in view, the release of March PCE price inflation data later on Friday tops the diary. Wall St stock futures fell back 0.4% after a wild ride in Amazon.com shares overnight. With much of Europe and Asia closed on Monday for the May Day bank holiday, Asia bourses advanced in Wall St's slipstream but Europe retreated sharply on some jarring corporate updates.

So far in 2023, this index of what are the leading lights of the U.S. economy is up 36% - six times the year-to-date gains of the S&P 500 index (.SPX). Put another way, this year's rise of these 10 mega tech stocks accounts for pretty much all of the S&P 500 gains. "But given how often the S&P 500 has been used as Exhibit A for overall 'resilience', it's important to acknowledge just how idiosyncratic this macro gauge has been." Are tech stocks overpriced? There are certainly plenty of concerns that these mega stocks may be overbought and just too expensive - even though that concern will hardly be a new worry for these stocks.

☆ How Russia has fortified parts of Ukraine ahead of a possible counteroffensive
▼ + stars: | 2023-04-27 | by ( ) www.reuters.com time to read: +11 min

A map shows all the locations in Russia, along its border with Ukraine, and in Russian-held Ukraine, where the American Enterprise Institute found any kind of fortification built by Russia. Four maps show when the fortifications built by Russian along its border with Ukraine and in Russia-held Ukraine were first spotted on satellite imagery. In December 2022 and January 2023, fortifications appeared inside Russian regions and more parts of occupied Ukraine. Russian forces have dug many such trenches along what they see as key roads and junctions, and outside strategic cities, Africk said. A zoomed-in map shows fortifications around several towns such as Tokmak, Bilmak and Mykhailivka, along plain terrain and along major roads in Russian-held Ukraine.

☆ Morning Bid: Fresh spur from Meta and Europe's banks
▼ + stars: | 2023-04-27 | by ( ) www.reuters.com time to read: +5 min

Perhaps even more surprising, Europe's big banks are wowing the gallery too - showing limited, if any, fallout from the failure of ailing Credit Suisse at the end of the quarter. And so the glass appears half full again despite background tensions around regional U.S. banks and as wider markets brace for several weeks of a U.S. debt ceiling standoff. With Amazon reporting later, its stock rose another 2% ahead of the bell too. The U.S. House of Representatives on Wednesday narrowly passed a bill to raise the government's $31.4 trillion debt ceiling that includes sweeping spending cuts over the next decade. The dollar was marginally weaker, with crude oil prices struggling to recover from their latest lunge lower this week.

☆ Northern Ireland recognises women who helped bring peace
▼ + stars: | 2023-04-17 | by ( Amanda Ferguson | ) www.reuters.com time to read: +2 min

"There wouldn't be a Good Friday agreement to celebrate today if it were not for the women of Northern Ireland," Clinton said, to applause from the audience. The peace accord largely ended 30 years of violence between mainly Catholic nationalist opponents and mainly Protestant unionist supporters of British rule. Other recipients included Ireland's first female president, Mary Robinson, Northern Ireland's first female first minister, Arlene Foster and Lyra McKee, a journalist who was killed in 2019 during an outbreak of the sporadic violence that still exists. "I was amazed that my name was among such an illustrious group of women," Avila Killmurray, a co-founder of the Women's Coalition, said at the ceremony. "However it's really nice because I worked mainly with women in local communities and I think very often their contribution over the years doesn't go recognised enough."

The Ritz-Carlton Rewards® Credit Card is still available as an upgrade from the Marriott Bonvoy Boundless® Credit Card or Marriott Bonvoy Bold® Credit Card . You can find Priority Pass lounges and restaurants by searching for your airport on the Priority Pass website or through the Priority Pass app. Priority Pass LoungesTypically, airport lounges in the Priority Pass network are off-limits to the general public unless you have access through a membership, airline ticket, elite status, or via a paid day pass. Priority Pass Restaurants, Cafés, Spas, and MoreIn addition to airport lounges, the Priority Pass network includes restaurants and cafés at airports like Houston (IAH) and San Francisco (SFO). Credit Cards With Priority Pass Frequently Asked Questions (FAQ)Is Priority Pass membership automatic when you open an eligible credit card?

☆ Rivian shares plunge again on weak sales, outlook
▼ + stars: | 2023-03-01 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —Shares of upstart EV maker Rivian plunged more than 16% Wednesday after ithe company reported disappointing revenue and gave 2023 delivery guidance that fell short of Wall Street hopes. Ives, who has a buy recommendation on Rivian shares, cut his 12-month price target on the stock to $25 from $37. Shares of Rivian closed Tuesday at $19.30 before Wednesday’s latest plunge took it below $18 a share. In addition, there’s been slower demand in the face of growing EV competition and EV price cuts at Ford and Tesla. Shares of Rivian closed Tuesday down 89% from its all time high in the week following its IPO in late 2021, even before Wednesday’s further slide.

☆ How US-supplied shells crammed with anti-tank mines helped defeat a brigade of Russian marines in the battle for Vuhledar
▼ + stars: | 2023-02-25 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

Ukraine's unexpected use of remote mines helped give it the upper hand in fighting in eastern Ukraine. Ukraine has been using US-supplied remote anti-armor mines fired in shells to destroy Russian tanks. The US has sent Ukraine at least 7,200 RAAM shells in its aid packages. Russian forces have struggled to counter Ukraine's mines, particularly RAAM shells raining from above. Despite multiple assaults, Russian forces appear to be floundering and facing mounting losses as Ukraine continues to push back.

☆ Toyota accepts union demands for biggest wage hike in two decades
▼ + stars: | 2023-02-23 | by ( ) edition.cnn.com time to read: +3 min

As one of Japan’s biggest employers, Toyota (TM) has long served as a bellwether of the spring labor talks, which are in full swing at major companies. Toyota and the union federation representing 357,000 Toyota group workers said the base pay rise was the biggest in two decades, though they both declined to provide the percentage increase. Successful talksToyota said its wage increase would also apply to part-time workers and senior contract workers. Takaaki Sakagami, deputy secretary-general of the Federation of All Toyota Workers’ Union, said the union was pleased it had been able to reach a deal with the company quickly. Video game maker Nintendo (NTDOF) said earlier this month that it planned to lift workers’ base pay by 10%, despite trimming its full-year profit forecast.

☆ Virgin wins $160 mln in trademark dispute with Alaska Airlines
▼ + stars: | 2023-02-16 | by ( Sam Tobin | ) www.reuters.com time to read: +2 min

Virgin units Virgin Aviation TM Ltd and Virgin Enterprises Ltd argued Alaska is liable to pay a roughly $8 million “minimum royalty” payment every year until 2039. Virgin granted a trademark licence to Virgin America to use its brand in connection with the operation of a U.S. domestic airline before Alaska Air Group Inc. completed its $2.6 billion acquisition of Virgin America. Alaska merged its operations with Virgin America in 2018 and stopped using the Virgin brand the following year. Virgin told London’s High Court in October that Alaska, as the legal successor to Virgin America Inc, is obliged to make the annual payment. The judge added that the terms of the agreement “must be approached from the perspective of Virgin and Virgin America ... and not from the perspective of Alaska”.

☆ A flurry of earnings reports, Fed rate hike, signs of a bull market
▼ + stars: | 2023-02-04 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Earnings season continues next week, with Club holdings Linde (LIN), Emerson Electric (EMR) and Walt Disney (DIS) all set to report. Similarly, shares of Meta Platforms (META) have surged over 20% since CEO Mark Zuckerberg reassured investors Wednesday evening that 2023 would be the technology giant's "year of efficiency." The bull case is further supported by continued signs inflation is easing, a still-robust job market and the breadth of market-buying activity since the start of the year. Lastly on Wednesday, the Fed's Federal Open Market Committee raised the federal funds rate by 25 basis points, in line with expectations. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Fact Check-Fabricated Bob Woodward tweet disparaging Trump created by satire account
▼ + stars: | 2023-01-31 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

An image showing a screenshot of what appears to be a disparaging tweet published by author Bob Woodward directed toward the former U.S. President Donald Trump is inauthentic and was created by a satirical Twitter account. The scent-barrier on his Depends^tm is completely insufficent [sic].”While some considered the screenshot satirical in nature, others were duped into thinking the image showed an authentic post. The screenshot is not authentic and instead was created by a satirical Twitter account that routinely shares fabricated posts under the handle @FaithRubPol. The same label can be seen on other fabricated screenshots created by the account. The post was created by a satirical Twitter profile that routinely creates fabricated tweets.

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☆ Toyota unveils new Prius hybrids amid skepticism of its EV strategy
▼ + stars: | 2022-11-16 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

The automaker late Tuesday revealed new versions of the Prius hybrid and Prius Prime, a plug-in hybrid electric vehicle. 2023 Toyota Prius hybrid ToyotaMoving forward with the Prius as other automakers vow to go all-electric in the years ahead is part of Toyota CEO Akio Toyoda's electrification strategy. Since the Prius launched in 1997, Toyota says it has sold more than 20 million electrified vehicles worldwide. The company says those sales have avoided 160 million tons of CO2 emissions, which is equivalent to the impact of 5.5 million all-electric battery vehicles. Interior of the 2023 Toyota Prius Toyota

☆ Chadwick Boseman and 'Black Panther: Wakanda Forever': How the sequel makes a case for recasting
▼ + stars: | 2022-11-11 | by ( Brian Lowry | ) edition.cnn.com time to read: +4 min

Editor’s Note: The following contains spoilers about “Black Panther: Wakanda Forever.”CNN —“Black Panther: Wakanda Forever” deftly completes the difficult task of continuing the franchise without its star, Chadwick Boseman, sensitively acknowledging his death by killing off the character of King T’Challa. Writing around his absence isn’t the first time that a fantasy story has been changed to accommodate a tragic loss. The death of Carrie Fisher (right) created "an impossible question" for the producers of "Star Wars: The Rise of Skywalker." To be fair, “Wakanda Forever” does as well and probably better than should have been expected under such trying circumstances. The question might well be impossible, but the answer is right there, and rooted in screen history.

☆ After Elon Musk’s wild weekend on Twitter, will advertisers stick with it?
▼ + stars: | 2022-11-01 | by ( Clare Duffy | ) edition.cnn.com time to read: +8 min

“I think advertisers are bracing to leave,” said Claire Atkin, co-founder of the adtech watchdog Check My Ads. Most marketers bristle at the thought of having their ads run alongside toxic content such as hate speech, pornography or misinformation. Also on Monday, Angelo Carusone, CEO of media watchdog Media Matters for America, tweeted calling on major Twitter advertisers “to be putting pressure on Twitter right now” to better address the increase in hate and other toxic content. “I think advertisers are going to look at this and say, is the weak Twitter advertising product becoming a better or worse investment? After GM announced its Twitter advertising pause, some users on the platform, including some right-leaning political figures, have called for a boycott of the automaker.

☆ Fact Check-Guillain-Barré syndrome, Bell’s palsy, acute flaccid myelitis and transverse myelitis are not polio ‘renamed’
▼ + stars: | 2022-10-19 | by ( Reuters Fact Check | ) www.reuters.com time to read: +9 min

Guillain-Barré syndrome, Bell’s palsy, acute flaccid myelitis and transverse myelitis are not polio “renamed”, despite claims posted online. It was NEVER eradicated, it's been renamed several times, Guillian Barre, Bells Palsy, Acute Flaccid Myelitis, Transverse Myelitis... Any neurological disorder has been renamed polio.”A similar post can be found here. Though primarily seen following an acute infection, GBS can also be a rare side effect of vaccination (here). Four medical syndromes with symptoms that can include muscle weakness and paralysis are not “polio renamed”, as claimed on social media. Poliovirus infection, while extremely rare, can lead to some of these syndromes, but the syndromes themselves also have other, more common causes and distinct symptoms.

☆ SpaceX to take entrepreneur Dennis Tito on Starship around the moon
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +1 min

Oct 12 (Reuters) - Billionaire Elon Musk's SpaceX said on Wednesday that the world's first space tourist Dennis Tito and his wife Akiko have signed up to fly around the moon on the space exploration firm's Starship rocket. The SpaceX flight's roughly week-long journey will see the rocket travel within 200 kilometers of the moon without landing on its surface. Register now for FREE unlimited access to Reuters.com RegisterTito and his wife are the first crewmembers to be announced for Starship's second commercial spaceflight around the moon. SpaceX has not announced a date for the launch of Starship, the focus of Tesla (TSLA.O) CEO Musk's ambition to ferry humans and cargo to the moon and Mars. Register now for FREE unlimited access to Reuters.com RegisterReporting by Akash Sriram in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

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