Diminished Hamas switches to full insurgent mode in Gaza

Good Morning,

Robinhood bets big on crypto with $200 million deal for Bitstamp, Lyft forecasts 15% annual growth in gross bookings through 2027, shares jump, Israeli strike kills dozens at Gaza school that IDF claim Hamas were using, SkyCity shares punished on dividend suspension, Netflix Record Back in Sight on Push Into Sports and Live Events and India’s stock crash triggers rethink for investors.

Let's jump in.

Before The Bell

Markets

• ASX to rise, Nvidia leads megacap tech rally (AFR)

• Stocks and Bonds Fall in Run-Up to US Jobs Report: Markets Wrap (BBG)

Earnings and Data

• US weekly jobless claims edge higher, Q1 labor costs revised lower (RT)

• Lyft forecasts 15% annual growth in gross bookings through 2027, shares jump (RT)

News Summary

• Israeli strike kills dozens at Gaza school that IDF claim Hamas were using (Stuff)

• ECB delivers landmark rate cut - but no hint of next steps (AFR)

• India’s stock crash triggers rethink for investors (AFR)

• SkyCity shares punished on dividend suspension (NBR)

• Cannasouth creditors vote on saving company at watershed meeting (NBR)

• A sustainable VC market needs to be trans-Tasman, says US analyst (NBR)

• Kiwi startups struggling for capital, but there are rays of hope (NBR)

• Billionaire-Friendly Modi Humbled by Indians Who Make $4 a Day (BBG)

• China Property Stocks Fall 20% From May High as Concerns Linger (BBG)

• Nvidia’s Rise to $3 Trillion Fuels ‘Jensanity’ in Tech World (BBG)

• Absent Teachers Risk Costing American Schools $4 Billion a Year (BBG)

• Boeing Capsule Docking Delayed by Failed Thruster Engines (BBG)

• Netflix Record Back in Sight on Push Into Sports and Live Events (BBG)

• Diminished Hamas switches to full insurgent mode in Gaza (RT)

• Starbucks partners with food delivery platform Grubhub (RT)

Deal Flow

Investments / M&A

• Telix greenlights $300m Nasdaq listing in search for deep pockets (AFR)

• Crypto Exchange Kraken Is in Talks for Pre-IPO Fund Raising Round (BBG)

• Robinhood bets big on crypto with $200 million deal for Bitstamp (RT)

Equity Raises

• Synlait equity raise unlikely to help, say analysts (NBR)

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