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

"Culture, opportunity, & rewards retained our folks, not some lousy contract." — Dug Song, co-founder of Cisco-acquired cybersecurity firm Duo Security, in an X post about why his company never used noncompete agreements, which the FTC has moved to ban

Overnight

Biden signs foreign aid bill, clearing way for more military gear for Ukraine (WSJ)

McKinsey under criminal investigation over opioid-related consulting (WSJ)

Business groups race to block FTC’s ban on noncompete agreements (WSJ)

Airlines required to refund passengers for canceled, delayed flights per new DOT rules (ABC)

DOJ requests 36-month sentence for Binance founder Changpeng Zhao (Axios)

Mortgage rates reach new high for 2024 (Axios)

TikTok is gearing up for a First Amendment battle with the U.S. after President Joe Biden signed a measure that presents the gravest threat yet to the app’s future (Semafor)

Japan to deploy an interpreter and ‘Trump whisperer’ who helped former PM Shinzo Abe bond with the former president over golf (RT)

Cocoa price swings are the wildest since the 1970s (BBG)

Nvidia to buy two Israeli startups that make its AI chips cheaper t...

Unlock this article with a FREE 30-Day Trial!

An FSI Pro, or FSI Macro subscription is required in order to access this content.

*Free trial available only on a monthly plan

Disclosures (show)

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 2/2

🎁 Unlock 1 extra article by joining our Community!

You’ve reached your limit of 2 free monthly articles. Please enter your email to unlock 1 more articles.

Already have an account? Sign In

Want to receive Regular Market Updates to your Inbox?

I am your default error :)