🎙️ Shadow Insider Trading

[5 minutes to read] Plus: Americans spend a record amount on food

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By Matthew Gutierrez and Shawn O’Malley

After a “parabolic” stock rally, all eyes were locked on Nvidia earnings this evening.

The chipmaker recently surpassed the market capitalizations of both Alphabet and Amazon — no big deal or anything — as its stock price has soared fivefold since 2022.

On Wednesday after the bell, Nvidia did it again, crushing Wall Street estimates and growing sales 22% from the previous quarter.

Matthew & Shawn

Here’s today’s rundown:

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

  • China’s new stock measures

  • The first ‘shadow insider trading’ case

  • Food’s share of income near all-time high

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

POP QUIZ

The space company Intuitive Machines is on track to complete a moon-landing mission by Thursday. As its mission has continued successfully, its stock has surged. How much has it increased in the last month? (The answer is at the bottom of this newsletter.)

Chart of the Day

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