🖥️ Are PCs Entering A New Era?

Good morning. US stock futures rose in Monday morning trading as investors geared up for a big week of corporate earnings.

🖥️ PC industry stages turnaround as sales jump

📝 Our report: The global PC market is picking up steam, thanks to the buzz around AI PCs and enterprise customers finally hitting the "buy" button on laptops and desktops. According to early data from market research firm IDC, the PC market grew 3%, marking the second quarter of growth after a staggering seven consecutive quarters of declines.

 🔑 Key points:

• In Q1 2023, Gartner reported that PC shipments collapsed a stunning 30% year over year, before beginning to tick back up in Q2 2023 when the firm reported PC shipments fell 16%.

• The declines were a rapid turnaround from the explosive growth the PC industry saw in the early days of the pandemic. Consumers and enterprise customers stuck on their couches for months purchased new systems to work from home and for entertainment.

• The market turnaround comes as the PC industry looks to the AI PC as the next leg of growth for laptop and desktop manufacturers. AI PCs are roughly defined as PCs that come equipped with specialized neural processing units.

💡 So what: A rebound in PC market sales indicates a recovery in consumer and business spending, which benefits tech companies and their supply chains. This uptick suggests renewed confidence in economic stability, potentially boosting tech stocks and attracting more investment. It also supports the continuation of remote work and online education trends, leading to increased demand for related services and software. Overall, the revival in PC sales reflects positive economic momentum and drives further technological innovation.

Monday - Fed Chairman Powell Speaks

Tuesday - U.S. Retail Sales, Fed Gov. Adriana Kugler Speaks

Wednesday - Fed Beige Book

Thursday - U.S. Leading Economic Indicators

Friday - New York Fed President Williams Speaks

📈 John Bogle shares his 7 tips for investors

💰 This is why you should have an emergency fund

🧾 This is what employers look for in a resume

 📈 Get 5.1% APY For Your Extra Cash

Many of you ask where we’re putting our extra cash to earn the highest interest while still having access to it.

I’ve looked through plenty of high yield options and my top pick is Moomoo. It’s offering one of the highest yields available today at 5.1% APY.

And the best part? No minimum deposits, no cap on interests, and you can withdraw your cash at anytime.

Moomoo is offering Daily Market Briefs subscribers a limited-time deal: earn 5.1% APY on your cash and get up to 15 free stocks.

PS: Despite the funny name, Moomoo is a registered broker dealer with the SEC and is a member of SIPC meaning you’re insured up to $500,000.

🎫 Ticketing platform holds off on IPO

WHAT: StubHub Inc. is hitting the brakes on its US IPO launch, delaying it until after summer due to the less-than-ideal market conditions, according to an insider. The operator of ticketing resale platforms StubHub and Viagogo was set to make its IPO filing public in the coming weeks, insider sources said, asking not to be identified as the information is confidential.

WHY: San Jose, California-based StubHub had explored going public via a direct listing in 2022 that might have valued it at more than $13 billion, and filed confidentially with the SEC at the time, Bloomberg News reported.

💰 Google in talks to buy cybersecurity firm

WHAT: Google's parent company Alphabet Inc. is reportedly close to snagging cybersecurity startup Wiz for a cool $23 billion, according to the Wall Street Journal(WSJ). New York-based Wiz was valued at $12 billion during a May funding round that drew investors such as Andreessen Horowitz, Lightspeed Venture Partners and Thrive Capital. The company, which was founded in 2020, identifies and removes risks in cloud environments.

WHY: A purchase of Wiz could help boost Alphabet’s efforts in cloud computing, an area in which it’s lagged competitors, the WSJ said. The deal would follow on its $5.4 billion purchase of fellow cybersecurity firm Mandiant Inc. in 2022, which was at the time one of its largest acquisitions ever.

🛑 Regulator warns franchisors over business practices

WHAT: A U.S. trade regulator is cracking down on "unfair and deceptive practices" by franchise brand owners. "Franchising is a chance for Americans to build a business," said Federal Trade Commission (FTC) Chair Lina Khan in a statement. "But the FTC has heard concerns about how unfair franchisor practices, like a failure to fully disclose fees upfront, go unreported thanks to a fear of retaliation."

WHY: Among the actions taken by the FTC was issuing a policy statement warning brand owners that it is illegal to discourage franchisees from speaking with regulators about unfair practices or potential law violations through non-disparagement contract clauses, or any threat of retaliation.

✏️ DMB Insider Quiz ✏️

🧑‍💻 We read your emails and poll replies daily.

Hit reply and let us know what you want more of!

See ya next time, Daily Market Briefs