🍩 DONUT Holes

Thursday, Apr 11, 2024

Images: Reuters | EPA

  • ☝️ Muslims around the world this week began celebrating Eid al-Fitr, one of the biggest holidays in the Islamic calendar; Eid al-Fitr marks the end of Ramadan, a holy month of fasting.

BUSINESS & MARKETS

in partnership with INVRS

  • 💰 US markets closed down across the board following March’s inflation report (S&P: -1.0%; Dow: -1.1%; Nasdaq: -0.8%). | 📈 10-year US Treasury yields rose as much as 20 basis points to reach above 4.5% for the first time this year.
  • 📝 KPMG’s Netherlands unit agreed to pay a $25 million fine over claims of cheating on auditing exams and misinforming investigators; it marks the largest penalty imposed on an auditing firm by the Public Company Accounting Oversight Board.
  • 📈 The top-10 fastest-growing retail brands in the nation, according to Yelp.

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SPORTS, MEDIA & ENTERTAINMENT

  • 🏌️ The first round of the Masters tees off early this morning; coverage on ESPN starts at 1 pm ET.
  • 🐺 The Jon Snow-based Game of Thrones spinoff is no longer in development and is “off the table,” according to actor Kit Harington.
  • ⛹️💰 Dude Perfect, the sports entertainment group best known for its viral trick shots, has secured a nine-figure funding round – between $100 million and $300 million – from investment firm Highmount Capital.

SCIENCE, SPACE & EMERGING TECH

in partnership with Spleash

  • 🥚🐔 America’s largest egg supplier has stopped production after chickens at a Texas plant tested positive for bird flu; while the health risk to humans is considered low, experts recommend avoiding over-easy or sunny side up eggs with runny yolks for the time being.
  • 🌐 Google is making its own custom-built CPU to support its AI work in data centers and offer to business customers of Google Cloud; the tech giant says its processor is 30% more efficient than products from AWS or Microsoft.
  • 😡 People can relieve anger by writing down their reaction to a negative incident on a piece of paper and then shredding it, according to a new study.

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MISCELLANEOUS

  • ✈️ The Federal Aviation Administration is investigating Boeing after a new internal whistleblower alleged that Boeing took shortcuts when manufacturing its 777 and 787 Dreamliner jets.
  • 🛂🌎 Wealthy US families are increasingly building out their “passport portfolios” – aka applying for second citizenships and national residences – as a way to hedge their financial risk, per global law firm Henley & Partners.
  • ⚖️ Iowa Gov. Kim Reynolds (R) signed a bill into law yesterday that gives state police the authority to arrest and deport some unauthorized migrants; the law, which mirrors part of a Texas measure that’s currently blocked in court, is also expected to face legal challenges. (From the Left | From the Center | From the Right)

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