🎙️ Bond Rally Goes Poof

[5 minutes to read] Plus: Bezos unloads $4B of Amazon stock

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Matthew Gutierrez & Shawn O'Malley
February 14, 2024

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By Matthew Gutierrez and Shawn O’Malley

It’s Valentine’s Day, and Lyft investors were feeling love in the air today. Actually, they felt love, heartbreak, and then love once more — a true romance thriller 💘

Heartbreak came after a “clerical error” misstated expected growth in the company’s profit margins by an order of magnitude (5% reported vs. 0.5% actual) in its earnings report Tuesday evening.

Initially surging over 60%, the stock pulled way back after the correction.

💭 Ultimately, Lyft investors still found enough to love in the corrected earnings report, pushing the stock 35% higher on Wednesday.

— Matthew & Shawn

Here’s today’s rundown:

Today, we'll discuss the three biggest stories in markets:

  • The global bond rally goes poof

  • A $26 billion oil deal, with regrets

  • Jeff Bezos unloads $4 billion of Amazon shares

All this, and more, in just 5 minutes to read.

POP QUIZ

How much will couples spend on Valentine’s Day this year in the U.S.? (The answer is at the bottom of this newsletter)

Chart of the Day

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