ByteDance's revenue rises 30+% in 2022 to $80B+

Top stories today: 1) ByteDance's revenue grows to $80B+, 2) Tesla's deliveries rise 4% to 423K in Q1, 3) Trump expands lead in polls and betting markets, as we wait for tomorrow's surrender, 4) OPEC+ announces surprise 1.6M barrel/day cut, and 5) Twitter starts removing legacy blue checkmarks.

Trump is indicted, but markets don't care

Top stories today: 1) Trump is indicted, but markets still see him as the GOP frontrunner, 2) Press Secretary is asked about AI doomerism, and 3) Twitter's algorithm to be open-sourced today, as revenue from Top 10 advertisers fall 89%.

Bing AI Chat exploring ads

Top stories today: 1) Bing AI Chat exploring ads, 2) Google Brain and Deepmind partnering on new AI, 3) Apple WWDC should bring VR headset, 4) White House to propose tougher rules on $100B+ banks, and 5) Census shows trend towards suburbs, lower-tax regions.

Fed Vice Chair Barr previews expected new rules for banks

Top stories today: 1) Barr previews new rules for banks, FDIC, 2) SBF adds 13th charge: bribing Chinese officials, 3) Musk and others sign Pause AI letter, 4) Replit announces AI partnership with Google, and 5) Cerebras launches 7 open-source LLMs.

CFTC sues Binance and CZ for evading U.S. regulations, trading against customers

Top stories today: 1) CFTC sues Binance, 2) Twitter to further promote paid users, 3) Microsoft launches new Teams, no AI, 4) Zoom IQ to integrate OpenAI, 5) housing prices rise on the East Coast, and 6) China is almost surpassing the IMF in emergency loans.

First Citizens buys Silicon Valley Bank for $0.5B; FDIC expected to lose $20B

Top stories today: 1) First Citizens buys SVB, FDIC loses $20B, 2) Apple showcases VR headset to execs, 3) Twitter valued at $20B, 4) money markets funds gain $286B, and 5) CBO says 35-100% cuts are required to balance the budget.

ChatGPT announces Plugins, which integrate their AI with other websites

Top stories today: 1) ChatGPT launches Plugins, 2) Character.AI raises $150M, 3) TikTok CEO testimony is a flop, 4) Yellen says she's ready to help the banks, and 5) Fed adds another $94B to its balance sheet.

BUSD's market cap down 50% to $8B

Fed raises rates by 25 bps to 4.75% - 5.00%

Top stories today: 1) Fed raised rates by 25 bps, but markets are not buying hawkishness, 2) Yellen says no plans for full FDIC insurance, 3) SEC to sue Coinbase, sues Justin Sun, 4) FTX recovers another $500M+ from VC investments, and 5) Microsoft launches Notion competitor Loop.

Fed expected to raise rates by 25 bps to 4.75% - 5.00%

Top stories today: 1) Fed expected to raise rates by 25 bps, 2) Google disappoints with Bard AI launch, 3) Microsoft integrates DALL-E into Bing, 4) Adobe launches Firefly AI in beta, and 5) TikTok spy scandal erupts as CEO testifies on Thu.

Treasury studying extension of FDIC insurance to all bank deposits

Top stories today: 1) FDIC might insure all deposits ($117B cost), 2) JPM could buy out First Republic, 3) Microsoft wants to launch app store in 2024, and 4) Runway announces text-to-video Gen-2.

UBS buys Credit Suisse for $3B

Top stories today: 1) UBS buys CS for $3B, 2) Fed announces more global USD liquidity, 3) this Wed: FOMC meeting, 4) this Thu: TikTok CEO testifies, to announce 150M U.S. MAUs, 5) Balaji makes $1M BTC bet, and 6) Trump says he will be arrested on Tue.