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

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Copper prices hit 2-year high, entering overbought territory (MW)

China creates its largest ever quantum computing chip that looks to match the performance of industry leaders like IBM (LS)

SoftBank commits $5 billion to AI after three years of losses (WSJ)

IMF holds off on fresh Argentina loan despite praise for Javier Milei (FT)

Squarespace to go private in $7 billion private-equity deal (CNBC)

JP Morgan AM launches euro-denominated public debt money market fund (IW)

Kraft Heinz explores sale of Oscar Mayer (WSJ)

GameStop, AMC soared over 70% because of a Twitter post (CNBC)

Trading in GameStop stock halted on NYSE after 110% rally as meme hero Roaring Kitty returns (Barron’s)

GameStop short sellers lost ~$1B after monster memestock rally (CNBC)

JPMorgan resists major proxy recommendations (RT)

Corporate greed not to blame for price pressures, Fed study shows (RT)

European retail hedge fund assets are at an eight-year low (RT)

NYSE President sees more U.S. companies pursuing IPOs (BBG)


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