The Numbers: Alphabet stock lost 2.66% on Monday and continued to fall overnight after a report that Samsung is considering replacing Google with Bing as the default search engine on its smartphones. Shifting Trend: The generative AI industry is expected to grow more than 10x in the next decade and will likely revolutionize search engines. Google's Response: Google in March released its own generative AI, Google Bard, but the experimental chatbot is in its early stages and has so far failed to impress, with many users reporting problems with the responses it provided.
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US Markets Stock futures were flat overnight after markets saw gains on Monday. - JB Hunt fell overnight after the transportation company reported lower-than-expected earnings for Q1.
- Housing data due out later this week is expected to show a decrease in both the number of building permits and new house developments last month.
- The current 10 Year U.S. Treasury yield is set at 3.59470%
| Dow Jones | 33,987.18 | 0.30% | | S&P 500 | 4,151.32 | 0.33% | | Nasdaq | 12,157.72 | 0.28% | | Russell 2000 | 1,802.84 | 1.22% | *Stock Market data as of the last closing bell. Data received directly from the reference indexes through ICE Data Services. Do you not understand any of these figures? Check out our explainer.
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Canadian Markets Canadian fintech company Nuvei Corporation has secured an investment from actor and entrepreneur Ryan Reynolds. - Reynolds has had significant success with his gin, mobile, and soccer investments.
- Mint Mobile, a low-cost cell company that was partly owned by Reynolds, was acquired by T-Mobile for $1.35B in March.
- Nuvei said that Reynolds will be "significantly involved" in the creative aspects of the brand.
*Canadian stock prices are as of the last close. Data received directly from the references indexes through ICE Data Services
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European Markets European markets were mixed on Monday as investors digested earnings. - The Stoxx 600 was flat on the day after rising earlier in the session.
- The U.K.'s Consumer Price Index will likely affect European markets once it is released on Wednesday.
- Travel stocks led gains with a 1.5% increase, while financial services and insurance dragged down markets with drops of 2.1% and 1.5%, respectively.
| Euro STOXX 50 | 4,367.61 | -0.53% | | UK (FTSE 100) | 7,879.51 | 0.10% | | Germany (DAX) | 15,789.53 | -0.11% | | France (CAC 40) | 7,498.18 | -0.28% | *European stock prices are as of 7 am ET. Data received directly from the reference indexes through ICE Data Services.
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 A message from MONOGRAM The $19.4B joint replacement market may be entering a new era, and this company is hoping to lead the way. It is estimated that up to 50% of joint replacements will be robotic by 2030 and Monogram is aiming to have the first active navigated robotic arm on the market. And you can invest in the company ahead of their planned Nasdaq listing. With 100,000 failed joint replacement surgeries every year, we believe that this market has been due for a realignment. Surgeons have been forced to rely on the same technology, like hand saws and generic-sized joint implants for the last 40 years. Monogram’s surgical robots and 3D-printed joint components are hoping to up the ante when it comes to personalization and precision. They’ve already demonstrated how their surgical system works on cadavers in front of 5,000+ live viewers, they have 20 patents filed, and 17,000+ people have previously invested. Join Monogram ahead of their intended NASDAQ listing. Invest Now
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Commodities Oil prices were stable Tuesday morning after dropping 2% on Monday. - Brent crude is at $84.76 a barrel and U.S. West Texas Intermediate is at $80.88 a barrel.
- The International Energy Agency warned that output cuts announced by OPEC+ countries could negatively impact consumers and global growth.
- U.S. crude oil and natural gas production in the seven biggest shale basins is projected to reach a record high in May.
| Oil (NYSEARCA:OIL) | 30.63 | -1.98% | | Gold (NYSEARCA:GLD) | 185.53 | -0.45% | | Silver (NYSEARCA:SLV) | 23.02 | -1.24% | | Corn (NYSEARCA:CORN) | 25.33 | 1.00% | | Lumber (NASDAQ:WOOD) | 72.63 | 0.60% | *Commodity prices are as of 7 am ET. Data from MarketWatch. To understand why investors track the prices of these commodities, click here.
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Currency Exchange Rates The U.S. Dollar fell slightly on Tuesday morning, following a surge in overnight trading. - Investors are pricing in a 91% chance that the Federal Reserve will hike interest rates by 25 basis points next month.
- The U.S. Dollar Index gained 0.5% overnight.
- The Australian Dollar and the New Zealand Dollar rose by 0.01% and 0.10%, respectively.
| UK(GBP) | £0.81 | 0.33% | | Europe (EURO) | €0.91 | 1.53% | | Canada (Canadian Dollar) | $1.34 | -0.95% | | Japan (Yen) | ¥134.52 | 0.53% | *Exchange rates as of 7 am ET. Data from Morningstar Financial Research. To understand why we track these currencies and the differences between them, click here.
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Cryptocurrency Cryptocurrencies, including Bitcoin and Ether, fell on Monday as investors shifted their focus to earnings season. - Bitcoin lost around 3.3%, falling below the key $30,000 psychological threshold that it reached last week.
- Investors are also concerned about the banking sector and how a potential recession could impact the industry.
- Bitcoin gained 8% last week and Ethereum jumped 12% amid positive sentiment surrounding Ethereum's "Shapella" upgrade.
| Bitcoin | $29,477.50 | -2.79% | | Ethereum | $2,081.71 | -1.83% | | Litecoin | $101.75 | 1.61% | | Bitcoin Cash | $132.25 | -0.34% | *Exchange rates as of 7 am ET. Data from Morningstar Financial Research. To understand why we track these currencies and the differences between them, click here.
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 |  | Liam Gill is a lawyer who raised $250k with just an idea and turned it into a $35M tech startup.
He now teaches entrepreneurs how to Pitch, Negotiate and Strategize so they can do the same.
Let's Connect |   | | Editor | Eduardo Garcia is a writer and editor based in New York. He is the author of "Things You Can Do," an illustrated book about climate action. Bylines in The New York Times, The Guardian, Slate, Scientific American, and others. In one of his previous lives, Eduardo worked as a Reuters correspondent in Latin America for nearly a decade. | |
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Surgery won’t look the same in 10 years – invest in Monogram, the robots pioneering more precise procedures. | |
