A daily market update from FS Insight — what you need to know ahead of opening bell

"Modesty is the only sure bait when you angle for praise." — Lord Chesterfield

First news

  • A billion-dollar result nets bank CEO… ‘many-mistakes-still’ attitude of modesty and humility
  • Neuralink uses FDA approval to make first human implant, but is it more PR stunt or breakthrough?

Overnight

BOE holds key rate in three-way split vote; signals it’s edging toward cutting. link House passed bipartisan $78 billion tax bill Wednesday night, 357-to-70. link Fitch: wider effects of Evergrande liquidation; high recovery uncertainty for offshore creditors; homeowners' claims probably prioritized; construction of pre-sold homes not likely affected immediately. link Communications Decency Act, Section 230, protecting tech companies from liability for content on their platform, likely significantly weakened by Wednesday's senate hearing starring social media CEOs. link EU leaders unanimously agree to a €50 billion support package for Ukraine. link U.S. disrupts state-sponsored Chinese hacking operation targeting critical infrastructure. link Families of U.S. victims of Hamas’ Oct. 7 attack on Israel sue Iran, Syria, crypto giant Binance. link ...

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