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=E2=80=A6and the banking-crisis enc= ore
= <= /tr>
<= /tbody>
= 202;

Regulation loading=E2=80=A6 (Lionel Bonaventure/Getty Images)

 
Yesterday=E2=80=99s Market Moves
 
Dow Jones
33,674 (-1.24%)		S&P 500
4,136 (-0.80%)		Nasdaq
12,235 (+0.07%)		Bitcoin
$29,516
= Dow Jones
33,674 (-1.24%)		S&= P 500
4,136 (-0.80%)=
12,235 (+0.07%)Bitc= oin
$29,516 (+0.60%)<= /span>
<= /table>

Hey Snackers,

There aren=E2=80=99t many places you=E2=80=99d expect to find 500+ poun= ds of pasta, but the New Jersey woods probably wouldn=E2=80=99t be your fir= st guess. But that=E2=80=99s how much spaghetti a resident found dumpe= d by a stream, leaving officials with an impastable mystery to salt.

= Stocks fell for the week but rallied on Friday after expectation-beating Ap= ril US job growth and stronger-than-anticipated Apple earnings. Regional-bank stocks partially = recovered after plunging earlier in the week as contagion fears linger.

=

<= /table>
Learning
<= /table>
=

As AI anxiety spreads, Washing= ton pressures Big Tech CEOs to ensure their products are safe

Bots on the hill=E2=80=A6 VP Kamala Harris met last week with the bosse= s of Alphabet, Microsoft, = OpenAI, and Anthropic as AI innovation dr= aws greater scrutiny in DC. The White House said AI developers are expected= to have their products reviewed at August=E2=80=99s Defcon cybersecurity c= onference, and debuted a $140M plan to build AI-research hubs. As large lan= guage models (LLMs) like ChatGPT go mainstream, Washington says companies h= ave an =E2=80=9Cethical, moral, and legal=E2=80=9D responsibility to ensure= their tech is safe. A few concerns:

    <= li style=3D"margin-bottom: 12px;">

    Data privacy: There a= re worries LLMs could leak sensitive user data they collect. Last week Samsung barred its staff from using ChatGPT after a leak.

    <= /li>

  • Misinfo: LLMs ar= e known for spewing false or biased info. Governments are concerned bad act= ors could use LLMs to spread propaganda.

  • Copyright: Legal issues have emerged over AI-r= elated infringement, from cover art to fake Drake songs. It=E2=80=99s also = an element of the recent WGA strike: writers worry that studios could use t= heir scripts to churn out AI-generated stories without them.

  • Plagiarism: Teachers are c= oncerned, too, as students lean on LLMs for homework. Last week Chegg shares fell 40%+ af= ter the edu-tech company noted a spike in students flocking to ChatGPT.

    =

Workin=E2=80=99 9-to-AI=E2=80=A6 Another trig= ger of AI-anxiety: job security. Last week IBM froze hiring for nearly 8K roles that it s= aid could be replaced by AI, and said the tech could replace almost a third= of its non-customer-facing roles. By some estimates, 300M jobs could be af= fected by AI, while Goldman Sachs= estimates it could boost global GDP by 7%.

THE TAKEAWAY

With = great tech comes great responsibility=E2=80=A6 From fake Drake to = fake news and AI-fueled propaganda campaigns, the risks of unregulated AI a= re clear. As major companies start to integrate the tech into products that= billions of people use (like: search engines), we can expect governments t= o get involved in regulating it. But the rapid innovation means it could be= harder to move responsibly.

<= div style=3D"font-family: 'General Grotesque Bold', Arial; font-weight: 700= ; letter-spacing: 0.03em; text-transform: uppercase; color: #000000; paddin= g: 6px 19px; border-radius: 30px; border: 0; background-color:#62E5DA; disp= lay: inline-block;">Zoom Out
<= /table>

Stories we= =E2=80=99re watching

On to the next one=E2=80=A6= JPMorgan Chase= CEO Jamie Dimon said last week that "this part" of the = banking crisis is over after America=E2=80=99s largest bank took over First Republic (the second-largest US bank failure ever). Later= , regional-bank shares plunged on concerns over PacWest: like other recently flopped bank= s, it has lots of uninsured deposits (aka: accounts over $250K). Last week = the FDIC proposed broadening deposit insur= ance for businesses, which could prevent more SVB-style bank runs. If you k= now your deposit is safe, you=E2=80=99re less likely to panic.

Mining your business=E2=80=A6 The White House pitched a 30% tax = on crypto miners' electricity usage in a stated bid to blunt the indust= ry's environmental impact. (FYI: Last year US miners used as much energ= y as TVs). But according to crypto cos like Riot and Marathon Dig= ital, the tax could drive business overseas. The proposal foll= ows a brutal year for miners (picture: plunging crypto prices, soaring ener= gy bills) that saw several file for bankruptcy, and comes just as <= a href=3D"https://sg.robinhood.com/ls/click?upn=3D6fntGirSE5selsQKrSSUHp8mo= FAngD2hO-2B8hAHAWLIMpSEpGtYYt9cplVU2N2pYaaLKA_y6r4Y-2Fjyz39fUgiIVZvxszI1-2B= OksX762wK6L32M97xgJ-2FnBU-2Fpq1oGUBER66ULtnYdub29eTikS1yx7RSH-2F2J1sDQbdp6w= FbdKxfmSvD7RXpy5XjMHJbr2Qp2l8jKXpqO0dMpO44kjdvdh97WY23pD4IwCmk9cYhmP0WBNJKd= QuOfPajML3xj00cnxRsHuyRih9UA7IUdmdkG7qsMGy265INrbH-2FPigGiYMC9VcLoAmfnsWzhJ= 0FlC8Eg5TwKN9vyFVB7UXNtVvVqY2Oa9a5xsLTypezmPEPFYbEp6EpgcwV4j1Wb1gDLNLIqbSXY= lqkNba4iSw-2BkT97nya2a3SO4Aiub-2FlQ1VudfUpIbyjUkecdCxfcalOPaQjHU6FPT2L4XWP-= 2FK5DQIuRe4-2F9vmsYyvDwtqB-2Bzo5OAfhkum75AYgnrFdvAV1kyZ5-2BmboCXBKiLMFI6vOD= 85gdrJeQfNBnR1t33f37-2BX7QVdWiS1eINijWAHfimJ8R1-2BuQSAx5oiKCn0DJT52089Y08by= N-2BKuOzMDnEKkc9aoOn3uN2BE3Vw0SrBv8IF7okk1pNRRjfOazgYlD-2Bz6Dh5ZgvY5bJlTGxJ= 4TnXin-2B3U-2BXRVMYMaEuL7uJUlwimpvwilLhj57j7ii0SuXWiEbR0XN1RLNBJpRe-2F7rW7X= -2FfwJsJDXm-2BigY4y8o-3D style=3D"color: #26A19B; text-decoration: underlin= e; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset= : 1px;" target=3D"_blank" rel=3D"noopener">bitcoin regains ste= am. The OG blockchain saw record transactions just last week.

<= /tr>
<= /tbody>
<= div style=3D"font-family: 'General Grotesque Bold', Arial; font-weight: 700= ; letter-spacing: 0.03em; text-transform: uppercase; color: #000000; paddin= g: 6px 19px; border-radius: 30px; border: 0; background-color:#62E5DA; disp= lay: inline-block;">Events
<= /table>

Coming up th= is week

Hyrule hype=E2=80=A6 Nintendo is (finally) dropping its ne= west Zelda game, =E2=80=9CTears of the Kingdom,=E2=80=9D this Friday. The m= uch-hyped title is expected to boost sales of the popular Switch console, w= hich paraglided past the newest Microsoft Xbox and Sony PlayStation to bec= ome the third-best-selling console ever. Nintendo=E2=80=99s said to be ramp= ing up Switch production to meet Zelda fans=E2=80=99 desire to cook Salmon = Risotto in the Gerudo Desert. The industry=E2=80=99s growth slowed when pla= yers went IRL after quarantine, but gaming demand=E2=80=99s still hot.

<= p>PSA: Mother=E2=80=99s Day is this Sunday=E2=80=A6 But working moms still face a =E2=80=9Cmotherhood penalty.=E2=80=9D Afte= r millions of women left jobs during the pandemic to shoulder childcare dut= ies, 1M mothers have reentered the workforce since the end of 2021, and las= t year=E2=80=99s labor-force participation rate for mothers surpassed the prepandemic rate. But biases around job productivity and commitment= contribute to an $18K/year pay gap between US mothers and fathers. Studies= say the lifetime earnings loss that moms experience is the most significan= t factor driving the gender pay gap.

<= div style=3D"font-family: 'General Grotesque Bold', Arial; font-weight: 700= ; letter-spacing: 0.03em; text-transform: uppercase; color: #000000; paddin= g: 6px 19px; border-radius: 30px; border: 0; background-color:#62E5DA; disp= lay: inline-block;">ICYMI
<= /table>

Last week= 9;s highlights

  • Gargle: J&J's consumer spinoff, Kenvue (think: Tylenol, Neutrogena), had the = largest US IPO since 2021. The $3.8B raise stands out in a dry IPO market: = before Kenvue, US-listed companies raised $4B this year versus $155B in 202= 1.

  • Cord: Disney's ESPN may ge= t the final say on cable=E2=80=99s lifespan. The network said it=E2=80=99ll= eventually move its full TV offerings over to its streamer ESPN+. But it= =E2=80=99s having trouble cutting the cord since TV earns more $$.

    • =

  • Haul-ted: Fast-fashion= hit Shein wants to IPO this year, but US lawmakers are ur= ging the SEC to halt that plan until Shein=E2=80=99s labor practices are au= dited to show its clothes aren=E2=80=99t made using forced labor.

    • <= /ul>

<= /table>
What else we're Snackin'

  • = Closer: The World Health Organization announced last week t= hat the Covid global health emergency is over, a big step toward ending a p= andemic that=E2=80=99s killed 7M. The virus=E2=80=99 death rate dropped to = 3.5K/week in April.

  • <= a href=3D"https://sg.robinhood.com/ls/click?upn=3D6fntGirSE5selsQKrSSUHkYJF= A3tUXqLZNTmIOP1GJUUB7yqFfuLrA9RtKde6oTaLXZlGYfbHqslephtbx3Nj-2Fmo3O4nhCNf4I= nuZsZ896Y-3DavZH_y6r4Y-2Fjyz39fUgiIVZvxszI1-2BOksX762wK6L32M97xgJ-2FnBU-2Fp= q1oGUBER66ULtnYdub29eTikS1yx7RSH-2F2J1sDQbdp6wFbdKxfmSvD7RXpy5XjMHJbr2Qp2l8= jKXpqO0dMpO44kjdvdh97WY23pD4IwCmk9cYhmP0WBNJKdQuOfPajML3xj00cnxRsHuyRih9UA7= IUdmdkG7qsMGy265INrbH-2FPigGiYMC9VcLoAmfnsWzhJ0FlC8Eg5TwKN9vyFVB7UXNtVvVqY2= Oa9a5xsLTypezmPEPFYbEp6EpgcwV4j1Wb1gDLNLIqbSXYlqkNba4iSw-2BkT97nya2a3SO4Aiu= b-2FlQ1VudfUpIbyjUkecdCxfcalOPaQjHU6FPT2L4UiTvnkO9WOkMbMZsFxQY6YSrZSC0-2FEt= 4DN0Ua4GO8Q7kb-2BkR62ALep1pZYmtKpqndHUxCetgvzPdBZ-2FTOUOq5ULcfTuT1O2Nx3IltK= qCPXgOkwkv2wvM3DbotEM2bDfhHrnINf2-2B6tdMwZTCX3KLsLKyFuC9hAuMXLdUgvZ2TnuCe5R= kG56bH5Ns6vfRQIiPhjB7Geyw9dPHHri-2F3v-2FxR1KE8PzjxSRfmO1x-2FBaK-2F9BXKTTtGw= 0bCNSEJvG7DVA-2BXOK2qdRW9-2BLXOvvyOsef4-2F3ZrA7ImV8c4ofzx8W-2FI7E-3D style= =3D"color: #26A19B; text-decoration: underline; font-weight: bold; text-dec= oration-thickness: 2px; text-underline-offset: 1px;" target=3D"_blank" rel= =3D"noopener">Unfriendly: Americans were scammed out of $1.2B = on social media last year as sketchy sellers tricked users into handing ove= r their credit-card deets. It=E2=80=99s the most common way 18- to 29-year-= olds get defrauded.

  • <= a href=3D"https://sg.robinhood.com/ls/click?upn=3D6fntGirSE5selsQKrSSUHjI4o= HY3u2iOKr7TfJqY8xZ9RczUG5V4sygDWayBU0f1Dq0SXgDnnuuscibMUio-2FyKpK6ny7sbWP42= rk3-2BnLcCzt9wi9-2FrCcL62mu3gHar4H5IlKfjzVuae8jmYkf5IrHADjkZlfz6-2B0kRz1qK6= Svxr6HyKmujbFtfzHwQwF6hsHQuwU_y6r4Y-2Fjyz39fUgiIVZvxszI1-2BOksX762wK6L32M97= xgJ-2FnBU-2Fpq1oGUBER66ULtnYdub29eTikS1yx7RSH-2F2J1sDQbdp6wFbdKxfmSvD7RXpy5= XjMHJbr2Qp2l8jKXpqO0dMpO44kjdvdh97WY23pD4IwCmk9cYhmP0WBNJKdQuOfPajML3xj00cn= xRsHuyRih9UA7IUdmdkG7qsMGy265INrbH-2FPigGiYMC9VcLoAmfnsWzhJ0FlC8Eg5TwKN9vyF= VB7UXNtVvVqY2Oa9a5xsLTypezmPEPFYbEp6EpgcwV4j1Wb1gDLNLIqbSXYlqkNba4iSw-2BkT9= 7nya2a3SO4Aiub-2FlQ1VudfUpIbyjUkecdCxfcalOPaQjHU6FPT2L42JP3VziQqchhjkt9v1oM= mho5kEwxrZ-2BcAgMqv1w2FSIASAsfo6TdtLFh2A2VL5Zn0-2Bp7N9JJqlDZzyFc3fc-2FSFHyb= OUaVKWyV6ccIScpN-2Fr-2FaPfRmjdYuac3GN18GneGnmElBpucIlvE3EGjnh-2Fu8SPxz8k-2F= FelZGp0noDKfQZQVZDxKyPv8JuvOuJtjGtJcaRM0MoUSrma9d9dA7IrExo6KMFK-2BJvM006H91= 9rbsFfgUZ4xVVuQAzacbiC8Op10hmq-2FuhfVI4IDEseYCxzRAz1b83kkXhi6ENV1f88bB50-3D= style=3D"color: #26A19B; text-decoration: underline; font-weight: bold; te= xt-decoration-thickness: 2px; text-underline-offset: 1px;" target=3D"_blank= " rel=3D"noopener">Soaring: Avian-flu cases are at record high= s. Consumers have mainly seen the impact in egg prices, but experts worry t= he virus could spark the next pandemic. A global effort is underway to stop= its spread.

=F0=9F=8D=AA Thanks for Snacking with us! = Want to share the Snacks? Invite your friends to sign up here.

=
<= /table>
Snack Fact Of the Day<= /div>
60% of workers are employed in professions that didn= =E2=80=99t exist in 1940

<= /table>
Monday

  • Monday: Ear= nings expected from Tyson, BioNTech, Six Flags, PayPal, and Palantir

  • Tuesday:= Earnings expected from Airbnb, Affirm, <= strong>Novavax, Fisker, Nikola, = Under Armour, Duke Energy, ZipRec= ruiter, Warby Parker, Expensify,= Nintendo, Wynn Resorts, Fisker, Duolingo, H&R Block, AMC, Rivian, and Squarespace

  • Wednesday: Con= sumer price index for April. Earnings expected from Roblox= , Wendy=E2=80=99s, Disney, Beyond= Meat, Cheesecake Factory, The New York T= imes, and GoodRx

  • Thursday: Weekly jobless claims. Earnings ex= pected from JD.com, Fiverr, Yeti<= /strong>, Krispy Kreme, News Corp., Subaru, Getty Images, and Honda

  • Friday: E= arnings expected from Spectrum Brands

Auth= ors of this Snacks own bitcoin and shares of: Alphabet, Apple, Beyond Meat,= Disney, and Microsoft

=
=
Sherwood Media, LLC produces fresh an= d unique perspectives on topical financial news and is a fully owned subsid= iary of Robinhood Markets, Inc., and any views expressed here do not necess= arily reflect the views of any other Robinhood affiliate... See more
--272c37ba91583a971fc41127867be8f83a21f78bd0dced792a22c99d197b Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset=utf-8 Mime-Version: 1.0 @media only screen and (min-width:480px) { .mj-column-per-100 { width: 100% !important; max-width: 100%; } .mj-column-per-50 { width: 50% !important; max-width: 50%; } }
=E2=80=A6and the banking-crisis enc= ore
=
=
 
=
<= /div>

Regulation loading=E2=80=A6 (= Lionel Bonaventure/Getty Images)

 
<= td style=3D"vertical-align:top;padding:0;">
Yesterday=E2=80=99s Marke= t Moves
=
 
Dow Jo= nes
33,674 (-1.24%)<= /span>		S&P 500<= br>4,136 (-0.80%)Nasdaq
(+0.07%)		Bitcoin
$29= ,516 (+0.60%)
Nasdaq
12,235 (+0.07%)
<= span class=3D"text" style=3D"font-family: 'General Grotesque', Arial; font-= size: 13px; line-height: 22px; padding: 0;">Dow Jones
33,674 (-1.24%)		S&P 500
4,136 (-0.80%)
Bitcoin
$29,516 (+0.60%)
=
<= !--[if mso | IE]>
<= /table>
<= /tr>

Hey Snackers,

There aren=E2=80=99t many plac= es you=E2=80=99d expect to find 500+ pounds of pasta, but the New Jersey wo= ods probably wouldn=E2=80=99t be your first guess. But that=E2=80=99s how m= uch spaghetti a resident found dumped by a stream, = leaving officials with an impastable mystery to salt.

Stocks fell for= the week but rallied on Friday after expectation-beating April US job grow= th and stronger-than-anticipated Apple earnings. Regional-bank stocks partially recovered af= ter plunging earlier in the week as contagion fears linger.

3D""
<= /table>

As AI anxiety spreads, Washington pressures Big Tech CEOs to ensure t= heir products are safe

Bots on the hill=E2=80=A6= VP Kamala Harris met last week with the bosses of Al= phabet, Microso= ft, OpenAI, and Anthropic as= AI innovation draws greater scrutiny in DC. The White House said AI develo= pers are expected to have their products reviewed at August=E2=80=99s Defco= n cybersecurity conference, and debuted a $140M plan to build AI-research h= ubs. As large language models (LLMs) like ChatGPT go mainstream, Washington= says companies have an =E2=80=9Cethical, moral, and legal=E2=80=9D respons= ibility to ensure their tech is safe. A few concerns:

  • Data privacy:= There are worries LLMs could leak sensitive user data they collec= t. Last week Samsung barred its staff from using ChatGPT a= fter a leak.

  • Misinfo:= LLMs are known for spewing false or biased info. Governments are = concerned bad actors could use LLMs to spread propaganda.

  • Copyright: Legal issues have = emerged over AI-related infringement, from cover art to fake Drake songs. I= t=E2=80=99s also an element of the recent WGA strike: writers worry that st= udios could use their scripts to churn out AI-generated stories without the= m.

  • Plagiarism: Teachers are concerned, too, as students lean on LLMs for homework. Last= week Chegg shares fell 40%+ after the edu-tech company noted a spike in students fl= ocking to ChatGPT.

Workin=E2=80=99 9-to-AI=E2=80=A6= Another trigger of AI-anxiety: job security. Last week IBM froze hiring fo= r nearly 8K roles that it said could be replaced by AI, and said the tech c= ould replace almost a third of its non-customer-facing roles. By some estim= ates, 300M jobs could be affected by AI, while Goldman Sachs estimates it could boost gl= obal GDP by 7%.

=
THE TAKEAWAY

With great tech comes great responsibility= =E2=80=A6 From fake Drake to fake news and AI-fueled propaganda ca= mpaigns, the risks of unregulated AI are clear. As major companies start to= integrate the tech into products that billions of people use (like: search= engines), we can expect governments to get involved in regulating it. But = the rapid innovation means it could be harder to move responsibly.

<= div style=3D"font-family: 'General Grotesque Bold', Arial; font-weight: 700= ; letter-spacing: 0.03em; text-transform: uppercase; color: #000000; paddin= g: 6px 19px; border-radius: 30px; border: 0; background-color:#62E5DA; disp= lay: inline-block;">Zoom Out
<= /table>

Stories we= =E2=80=99re watching

On to the next one=E2=80=A6= JPMorgan Chase CEO J= amie Dimon said last week that "this part" of the banking crisis = is over after America=E2=80=99s largest bank took over First Republ= ic (the second-largest US bank failure ever). Later, regional-bank= shares plunged on concerns over PacWe= st: like other recently flopped banks, it has lots of uninsure= d deposits (aka: accounts over $250K). Last week the FDIC proposed broadening deposit insurance for businesses, which co= uld prevent more SVB-style bank runs. If you know your deposit is safe, you= =E2=80=99re less likely to panic.

Mining your business=E2=80= =A6 The White House pitched a 30% tax on crypto miners' electr= icity usage in a stated bid to blunt the industry's environmental impac= t. (FYI: Last year US miners used as much energy as TVs). But according to = crypto cos like Riot and Marathon Digital, the tax could drive business overseas. T= he proposal follows a brutal year for miners (picture: plunging crypto pric= es, soaring energy bills) that saw several file for bankruptcy, and comes j= ust as bitcoin regains steam. The OG blockchain saw record transactions just last week.<= /p>

<= /tr>
<= /tbody>
<= div style=3D"font-family: 'General Grotesque Bold', Arial; font-weight: 700= ; letter-spacing: 0.03em; text-transform: uppercase; color: #000000; paddin= g: 6px 19px; border-radius: 30px; border: 0; background-color:#62E5DA; disp= lay: inline-block;">Events
<= /table>

Coming up th= is week

Hyrule hype=E2=80=A6 Nintendo is (finally) dropping it= s newest Zelda game, =E2=80=9CTears of the Kingdom,=E2=80=9D this Friday. T= he much-hyped title is expected to boost sales of the popular Switch consol= e, which paraglided past the newest Microsoft Xbox and Sony PlayStation= to become the third-best-selling console ever. Nintendo=E2=80=99s said to = be ramping up Switch production to meet Zelda fans=E2=80=99 desire to cook = Salmon Risotto in the Gerudo Desert. The industry=E2=80=99s growth slowed w= hen players went IRL after quarantine, but gaming demand=E2=80=99s still ho= t.

PSA: Mother=E2=80=99s Day is this Sunday=E2=80=A6= But working moms still face a =E2=80=9Cmotherhood penalty.=E2=80= =9D After millions of women left jobs during the pandemic to shoulder child= care duties, 1M mothers have reentered the workforce since the end of 2021,= and last year=E2=80=99s labor-force participation rate for mothers sur= passed the prepandemic rate. But biases around job productivity and co= mmitment contribute to an $18K/year pay gap between US mothers and fathers.= Studies say the lifetime earnings loss that moms experience is the most si= gnificant factor driving the gender pay gap.

<= div style=3D"font-family: 'General Grotesque Bold', Arial; font-weight: 700= ; letter-spacing: 0.03em; text-transform: uppercase; color: #000000; paddin= g: 6px 19px; border-radius: 30px; border: 0; background-color:#62E5DA; disp= lay: inline-block;">ICYMI
<= /table>

Last week= 9;s highlights

  • Gargle: J&a= mp;J's consumer spinoff, Kenvue (think: Tylenol, Neutrogena), had the= largest US IPO since 2021. The $3.8B raise stands out in a dry IPO market:= before Kenvue, US-listed companies raised $4B this year versus $155B in 20= 21.

  • Cord: Disney's ESPN<= /strong> may get the final say on cable=E2=80=99s lifespan. The network sai= d it=E2=80=99ll eventually move its full TV offerings over to its streamer = ESPN+. But it=E2=80=99s having trouble cutting the cord since TV earns more= $$.

  • Haul-ted: Fast-fashi= on hit Shein wants to IPO this year, but US lawmakers are = urging the SEC to halt that plan until Shein=E2=80=99s labor practices are = audited to show its clothes aren=E2=80=99t made using forced labor.

<= /table>
=
What else we're Snackin'

  • = Closer: The World Health Organization announced last wee= k that the Covid global health emergency is over, a big step toward ending = a pandemic that=E2=80=99s killed 7M. The virus=E2=80=99 death rate dropped = to 3.5K/week in April.

  • Unfriendly: Americans were scammed out of $1= .2B on social media last year as sketchy sellers tricked users into handing= over their credit-card deets. It=E2=80=99s the most common way 18- to 29-y= ear-olds get defrauded.

  • Soaring: Avian-flu cases are at r= ecord highs. Consumers have mainly seen the impact in egg prices, but exper= ts worry the virus could spark the next pandemic. A global effort is underw= ay to stop its spread.

=F0=9F=8D=AA Thanks for Snacking= with us! Want to share the Snacks? Invite your friends to sign up = here.

=
<= /table>
Snack Fact Of the Day<= /div>
60% of workers are employed in professions that didn= =E2=80=99t exist in 1940

 
<= /table>
Monday

  • Monday: Ear= nings expected from Tyson, BioNTech, Six Flags, PayPal, and Palantir

  • Tuesday:= Earnings expected from Airbnb, Affirm, <= strong>Novavax, Fisker, Nikola, = Under Armour, Duke Energy, ZipRec= ruiter, Warby Parker, Expensify,= Nintendo, Wynn Resorts, Fisker, Duolingo, H&R Block, AMC, Rivian, and Squarespace

  • Wednesday: Con= sumer price index for April. Earnings expected from Roblox= , Wendy=E2=80=99s, Disney, Beyond= Meat, Cheesecake Factory, The New York T= imes, and GoodRx

  • Thursday: Weekly jobless claims. Earnings ex= pected from JD.com, Fiverr, Yeti<= /strong>, Krispy Kreme, News Corp., Subaru, Getty Images, and Honda

  • Friday: E= arnings expected from Spectrum Brands

Auth= ors of this Snacks own bitcoin and shares of: Alphabet, Apple, Beyond Meat,= Disney, and Microsoft

<= div style=3D"font-family:'General Grotesque', Arial;font-size:9px;font-weig= ht:400;line-height:20px;text-align:left;color:rgb(106, 114, 120);">Sherwood= Media, LLC produces fresh and unique perspectives on topical financial new= s and is a fully owned subsidiary of Robinhood Markets, Inc., and any views= expressed here do not necessarily reflect the views of any other Robinhood= affiliate... See more
<= !--[if mso | IE]>
--272c37ba91583a971fc41127867be8f83a21f78bd0dced792a22c99d197b--