| | | | | For all the history nerds here, I did a deep dive into the end of the bronze age and what that tells us about the world today. Check it out. |
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| | Ship directly from Asia with Portless | If you've ever managed an e-commerce biz (🙋 hello!) you know what a complicated, costly pain it is to ship stuff from Asia to the rest of the world. | Meet Portless: A game-changer for DTC and e-commerce brands. | Portless fulfills orders directly from Asia to your customer's front door. | Increase your margins, no paperwork hassle, no wasted inventory. | | Highlights: | Boost cash flow. Cut unnecessary shipping & fulfillment costs. Increase your margins by up to 40% (thanks to Section 321!) Faster lead times. Turn your inventory into cash within days, not months. 3-5 day replenishments on your best-selling items. Ship to 55+ countries. Get custom high-end packaging & local tracking through carriers like USPS and Canada Post.
| Do you work in ecommerce? | Alts readers get 20% off pick-and-pack fees for your first 3 months. | | | 📰 Market Headlines | | | Treasury yields tumbled, with the 10-year rate shedding 7 basis points to 4.50% as rate cut bets increased after the jobs data. Berkshire Hathaway's annual shareholder meeting on Saturday spanned topics from AI innovations to Buffett’s musings on mortality: Chinese leader Xi Jinping arrived in Europe for a diplomatic visit, the first in five years.
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| | 🕶️ Market Vibes | 🎰 Market Forecasts and Futures | Forecasts via Kalshi, the prediction market. | Markets have given up on a June cut. November is now the earliest likely(ish) date. | | 😱 Fear and Greed Index | | | 🎤 What you said last time | I don’t know if this is relatively good or bad, but it seems good. | | 📈 Trends you need to know |  | . |
| Interest in buying Bitcoin is up quarterly but is still well off 2021 highs. |
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| | 🧠 What do you think? | 💬 Have your say | Do you own any crypto? | | | 📊 Stocks | | | Winners and losers | Earnings, upgrades, and acquisitions | This week is (once again) action-packed with earnings reports. Here's who to look out for: | Monday: Palantir (PLTR), Spirit Airlines (SAVE), Tyson (TSN), Goodyear Tire (GT) Tuesday: Disney (DIS), Lyft (LYFT), Reddit (RDDT), TripAdvisor (TRIP), Ferrari (RACE), Crocs (CROX), BP (BP), Celsius (CELH), Rivian (RIVN), Electronic Arts (EA) Wednesday: Uber (UBER), Toyota (TM), AB InBev (BUD), Airbnb (ABNB), Fox (FOXA), New York Times (NYT), Robinhood (HOOD), Bumble (BMBL), AMC (AMC) Thursday: Roblox (RBLX), Unity (U), Warner Bros. Discovery (WBD), Planet Fitness (PLNT), YETI (YETI), Constellation Energy (CEG), Yelp (YELP) Friday: Honda (HMC), AMC Networks (AMCX)
| Market movers | The FTC accused Amazon executives, including Jeff Bezos, of intentionally deleting Signal messages relevant to its antitrust case. Taiwan has begun developing its own satellite system similar to Starlink to provide emergency internet access. Google announced they will shut down the Google Fit developer APIs by June 30, 2025. The EU has initiated multiple investigations into Chinese subsidies and imports, targeting unfair competition. UAW workers ratified a new labor deal with Daimler Truck that includes at least a 25% general wage increase over the four-year contract. Berkshire Hathaway shareholders overwhelmingly rejected six proposals addressing environmental and social policy issues.
| Ideas, trends, and analysis |
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| The IMF warns of a "Tepid Twenties" ahead, with sluggish global growth despite America's economic strength. Tech layoffs surged past 70,000 in April as giants like Apple, Google, Amazon, and Tesla cut jobs. Recent government data shows a loss of 192,000 private payrolls in Q3 2023, signaling an economic decline and contradicting earlier job estimates. Sudan, Ukraine, and Venezuela had the lowest economic growth rates over the past five years, according to a new analysis.
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| | 🌍 Global Perspectives | 🇮🇱 🇶🇦 Israel ordered the closure of Al Jazeera in the country, a move the Qatar-based news network called a "criminal act." 🇧🇷 The death toll from floods in southern Brazil rose to 78. 🇾🇪 🇺🇸 Yemen's Houthi militia offered a place for suspended U.S college protesters. 🇮🇳 Manipulated videos involving two top aides of Prime Minister Narendra Modi are triggering arrests as campaigning heats up in India's election.
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| | | 🧠 Errata | A North Korean propaganda song praising Kim Jong Un has become a TikTok hit. The bird flu outbreak has farmers worried about the future of cow cuddling. A 21-year-old circus performer chose getting shot out of a cannon over college. China's Chang'e-6 mission aims to bring back the first samples from the moon's far side, which could solve lunar mysteries.
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| | 📺 What to Watch Today |  | “Friendly Father”: North Korea releases new song praising leader Kim Jong Un |
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| | That’s all for today. Did I miss anything? Smash the reply button to let me know. | Cheers, | Wyatt |
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