Hey guys just wondering on what I should do about this situation here it goes So I won part of a classaction lawsuit and will be receiving some money, I broke up with my exe after and she is demanding half or she’ll send the place that does the lawsuit screen shots of me saying I lied but the funny thing is I only lied to her about it because I was embarrassed to admit her that shit was the truth lol but alas she has screenshots on fb none the less what should I do? This is in Canada Nova Scotia btw

Hey, new to projectors
Is an Epson 1940W projector worth it for $250. In southern Ontario Canada. Lamp has 300 hours on it.

~Electromagnetic flowmeters market~ is anticipated to grow at a considerable CAGR of 5.7% during the forecast period (2024-2031). The market’s growth is attributed to the technological advances in connectivity across the globe. The integration of advanced communication options such as Modbus RTU and HART corresponds to the market's trend toward enhanced connectivity. The flowmeter's ability to provide several communication interfaces increases its attractiveness to companies seeking smart and integrated systems. For instance, in April 2023,VorTek Instruments released the Pro-M Electromagnetic Flowmeter. These meters provide precise, dependable volumetric flow metering for a variety of conductive liquids, with measurement stability and a maintenance-free full-bore design that eliminates pressure loss and moving components. Furthermore, pro-M meters offer a variety of communication and power options, including classic analog output signals in addition to sophisticated options such as Modbus RTU and HART.
Get Free Sample link @ https://www.omrglobal.com/request-sample/electromagnetic-flowmeters-market
The global electromagnetic flowmeters market is segmented on the product type, and application. Based on the product, the market is sub-segmented into in-line magnetic flowmeters, low flow magnetic flowmeters, and insertion magnetic flowmeters. Furthermore, on the basis of application, the market is sub-segmented into water and wastewater, chemicals and petrochemicals, power generation, metals and mining, oil and gas, food and beverages, and others. The water and wastewater subcategory is expected to capture a significant portion of the market share within the application segment. The growth can be attributed to growing urbanization, and business growth that leads to a huge wastewater generation.
full report of Electromagnetic Flowmeters Market available @ https://www.omrglobal.com/industry-reports/electromagnetic-flowmeters-market
· Market Coverage
· Market number available for – 2024-2031
· Base year- 2024
· Forecast period- 2024-2031
· Segment Covered- By Source, By Product Type, By Applications
· Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
· Inc., and others
Market Segmentation
Global Electromagnetic Flowmeters Market by Product
o In-line Magnetic Flowmeters
o Low Flow Magnetic Flowmeters
o Insertion Magnetic Flowmeters
Global Electromagnetic Flowmeters Market by Application
o Water and Wastewater
o Chemicals and Petrochemicals
o Power Generation
o Metals and Mining
o Oil and Gas
o Food and Beverages
o Others(Pulp and Paper, Pharmaceuticals)
Regional Analysis
o North America
o United States
o Canada
o Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
o Rest of the World
Company Profiles
o BRONKHORST HIGH-TECH B.V.
o Endress+Hauser Corporate
o Georg Fischer Ltd.
o Hitachi, Ltd.
o Honeywell International Inc.
o Ingersoll Rand Inc.
o Kobold Messring GmbH
o KROHNE Messtechnik GmbH
o OMEGA Engineering, Inc.
o SEATTLE METRICS, INC.
o Sensirion AG
o Siemens Ltd.
o Sierra Instruments, Inc.
o TechnipFMC plc
o Toshiba Corp.
o Yokogawa Group
The Report Covers

• Market value data analysis of 2023 and forecast to 2031.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global electromagnetic flowmeters market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.Competitive strategies by identifying ‘who-stands-where’ in the market.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/electromagnetic-flowmeters-market
About Orion Market Research Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: [info@omrglobal.com](mailto:info@omrglobal.com)
Contact no: +91 780-304-0404

I'll start this by saying that I've never really experienced any OLED screens. I've currently got 2 LG monitors, one 1440p and one 4k ... both IPS and 144hz. I've also recently hooked up an older 1080p 46" Toshiba in front of my bed, which I find really nice to be able to watch while laying in bed.
This recent change made me interested into getting a newer TV, and while I'm at it, why not get an OLED? My main use for this TV would be to be able to play games from both my PC and my PS5, watch youtube and finally watch some animes.
My seating position is around 2m from the TV, hence why a 48" in my opinion would work well enough.
Now through my research, I've come across 2 models which seems to be the go-to ... the C3 and S90C (C4 and S90D being a bit too expensive right now). From what I'm understanding, the S90C is brighter with it's newer QD-OLED technologies and also has 144hz as opposed to 120hz from the C3. Now, if I were to choose between both at 55", I'd probably go with the S90C ... but I can save around 300$ CAD currently between the 2 if I'm going with the C3 48" (based on current price from Best Buy Canada and Amazon.ca).
What would be peoples opinion on this? Also, would those 2 models possibly go lower in price this summer (Prime Day, etc.) or have they pretty much already gotten as low as they could get (give or take 100$).

Hi ShopifyeCommerce - I'm Paul and I follow the e-commerce industry closely for my Shopifreaks E-commerce Newsletter. Each week I post a summary recap of the week's top stories, which I cover in depth in the newsletter. Let's dive in...
STAT OF THE WEEK: Amazon could finally surpass Walmart to become the nation’s biggest company by revenue, having grown by 12% last year compared with Walmart's growth of 6%. Two more years of similar growth discrepancy would push Amazon past Walmart in sales.
Shopify is suing Shopline in New York federal court, accusing it of illegally copying Shopify's software to build its own e-commerce platform. Shopline is a Singapore-based subsidiary of the Chinese technology company JOYY Inc. Shopify said in the lawsuit that Shopline created a “thinly disguised knockoff” of its Dawn theme to power a competing e-commerce service. The lawsuit even says that the “Shopify” name still appears in the code of various versions of Seed that Shopline is distributing, and that Shopify found a Chinese webpage hosted by Joyy with the title “Seed Theme” that still carries headers reading “dawn-test.”
In other lawsuit news this week — Temu is facing legal action from 17 companies accusing it of violating new EU laws with “manipulative practices” such as making it difficult to delete your account, and lack of transparency over who their sellers are and why certain products are recommended to customers. Temu was the most downloaded app in the UK in 2023 and still remains as a top downloaded app in 2024.
The state of Arizona has taken legal action against Amazon, launching two lawsuits that accuse the company of monopolistic behavior and deceptive practices involving dark patterns. The first lawsuit claims that Amazon's business practices violate the state's Consumer Fraud Act by employing dark patterns to make it difficult for users to cancel their Amazon Prime subscriptions. The second lawsuit alleges that Amazon breaches Arizona's Uniform State Antitrust Act by maintaining a monopoly via enforcing agreements with third-party sellers to prevent them from offering lower prices on other platforms. It also challenges Amazon's Buy Box algorithm under the Consumer Fraud Act, claiming that it favors sellers who use Fulfillment By Amazon. The legal actions echo similar complaints from the FTC and various states.
Last week Amazon made a big splash with its first-ever event during upfront week, taking over Pier 36 in New York which has previously hosted upfront presentations from Disney and TelevisaUnivision. The company called on celebrities including Jake Gyllenhaal, Reese Witherspoon, Will Ferrell, and Alicia Keys to demonstrate how premium their content is. Amazon worked to separate itself from its competitors by showcasing its scale. Prime Video now has an average monthly ad-supported reach of 200M customers, with 115M in the US, making it the largest premium ad-supported streaming service both globally and in the U.S. It also announced new upcoming series such as Spider-Man Noir, Tomb Raider, and a prequel to Legally Blond.
eBay launched a new feature called “resell on eBay” that is designed to make it easier for brands and consumers to list clothing for sale on its marketplace. The feature is built into Certilogo, which was acquired by eBay in 2023, which features an AI-powered digital ID printed on the product tag to help brands manage the lifecycle of their garments and give consumers a way to confirm the item's authenticity. Users scan a QR code on a product's smart label to generate a “resell your garment” button. Clicking the button directs the user to check the authenticity of the item through Certilogo's AI authentication system by signing in with their eBay account. From there, an eBay listing is prefilled with information from the brand about the item. Users can then edit the listing, upload additional photos, and publish the item for sale.
Poshmark launched a new paid marketing tool called “Promoted Closets” that gives sellers the ability to promote their entire shop at once. The tool uses machine learning to automatically promote individual product listings from a seller's entire inventory, identifying shoppers' search terms and matching them with promoted items. Promoted Closet works on a cost per click model where sellers only get charged when a shopper clicks and views the item from a promoted listing. There's an option to set the budget manually or get a recommendation from Poshmark. Each campaign lasts for 7 days.
Klarna says that it is not sharing its customer data with credit bureaus in the US because the bureaus “do not have proper models to responsibly process the data and ensure good consumer outcomes.” It does share its data with UK credit bureaus. Klarna added that the credit models used today in the US “were built decades ago and calculate data based on monthly payments, long-term loans, and open lines of credit. But BNPL does not fit into these categories.” The company claims that BNPL is different because it offers bi-weekly instead of monthly payments, and unlike a credit card, Klarna doesn't offer an open line of credit.
Third party sellers on Amazon, which make up 60% of sales on Amazon's marketplace, are reconsidering how heavily they'll discount products this year for Prime Day, given how much seller fees have increased on the platform in recent months, according to Modern Retail. According to data from SmartScout, Amazon FBA fees for standard-sized products have jumped 96% over the past 10 years, outpacing inflation. Seller fees can eat up about half the cost per sale on Amazon, according to Marketplace Pulse. That doesn't leave much room for running Prime Day deals, which primarily benefit Amazon as opposed to the individual merchants who are pressured to wipe out their little remaining margin for the sake of running a deal at all.
Netflix announced durings it Upfronts presentation that it's launching its own advertising platform to compete against Google, Amazon, Hulu, Comcast, and other ad giants. Amazon has only been in the advertising business for a year and a half after launching its ad-supported tier in Nov 2022. Netflix originally partnered with Microsoft to develop its ad tech, which let the streaming platform enter the ad space quickly and catch up with rivals like Hulu, which has offered an ad-supported tier since 2010. Launching its own in-house ad tech will allow Netflix to take full control of its advertising and create targeted and personalized ad experiences. Netflix wants to experiment with “episodic” campaigns, which involves a series of ads that tell a story rather than delivering repetitive ads. Brilliant!
Slack is under attack after users discovered that the company has been using their messages, content, and files to train its global AI models, which Slack uses to power their channel and emoji recommendations and search results. It was discovered that if you don't want Slack to use your data, you have to e-mail the company to opt-out, which isn't a good look for a company that makes a big deal out of telling customers that “You control your data.” In response to the outrage, Slack published a blog post to clarify how its customers' data is used.
Google will now let you perform a “web” search, which lets you filter out almost all of its AI results and knowledge panels that currently take over its SERPs, leaving you with just links and text like the old days. The order of the search results are the same regardless of whether you pick “web” or “all”, and it doesn't block links to YouTube videos or Reddit posts. There are also still ads that appear above and below the results.
YouTube is officially launching its YouTube Select “creator takeovers,” which lets advertisers buy out the ad inventory on channels representing the top 1% of content on the platform. The program began as a pilot at the end of 2023 and is now opening to more top creators.
Wix launched three new AI-powered image enhancement and creation tools to help users create and display high-quality images. The new tools include an AI Image Creator to make the images, Object Eraser to remove unwanted objects in the images, and AI Image Editor to add/edit portions of the image. Honestly, the three tools kind of sound like one tool with three features, but you do you, Wix.
Temu, which is already 20% bigger than Shein in the US and gets 42% of its business from the US, Mexico, and Chile, is turning its attention to Europe and wants to grow rapidly in the region. The company has redirected its enormous ad spend to Europe and Mexico while Washington scrutinizes its business practices in the US.
Visa announced major changes to how its credit and debit cards will operate in the US in the coming months and years. The new features mean consumers will be carrying fewer physical cards in their wallets, and will make the 16-digit card number increasingly irrelevant. The biggest change will be the ability for banks to issue one physical card that is connected to multiple bank accounts, which consumers can apply usage rules to.
Mastercard and Salesforce announced a new integration designed to help customers speed up the resolution of transaction disputes and chargebacks, as well as reduce costs associated with resolving them. The partnership will integrate Salesforce's Financial Services Cloud with Mastercard's dispute resolution services, providing real time notifications and a central dashboard for managing disputes.
Meta is taking inspiration from BeReal and Snapchat by developing a feature for Instagram called “Peek” that allows users to post authentic pictures that can only be viewed once. A photo shared via a Peek would have to be taken with your camera in the moment, as you would not be able to upload an image from your gallery, and you won't be able to add filters or edit the photo.
Ikea launched a TikTok livestream where cats and dogs model and demonstrate new Ikea products for pets. The Pet Shopping Network will appear for everyone in the UK on TikTok and showcase pets demonstrating Ikea's 29-piece pet furniture range.
Sam's Club is planning to launch an online shopping portal in Hong Kong within the next two months, giving the territory access to its products via e-commerce. The service will include free delivery for purchases over 599 yuan ($83).
Amazon raised warehouse worker wages to $15/hour five years ago, but today half of workers surveyed told researchers they struggle to afford food and rent. Amazon called the researcher's methodology “deeply flawed” and said the company had tried to raise its concerns with the study’s authors but never heard back.
Lots of layoffs this week… Amazon laid off more than 100 customer service reps, Walmart let go of hundreds of corporate staffers and ordering employees across the US and Canada, Gopuff laid off 6% of its staff, and Indeed laid off 8% of its workforce.
Remember that former diversity program manager at Facebook who stole more than $4M from the company through fake business deals in exchange for kickbacks? I first reported on Barbara Furlow-Smiles in December of last year when she pled guilty to the theft. Well, last week she was sentenced to five years and three months in prison for her scheme.
In the world of corporate turnover… The chief of Amazon Web Services, Adam Selipsky, is stepping down next month after a three-year term to be replaced by Matt Garman, a senior VP who has overseen sales and marketing at AWS. Also, eBay's VP of Global Communications, Michelle Friedman, departed the company to take on a role at Samsara, a cloud platform built for tracking and analyzing data from physical operations.
Meta is shutting down Workspace, a version of Facebook that had been built to enable communication among business teams and organizations. Sources say that it will be business as usual on the platform until August 25, 2025, and then it will be read-only until May 2026. Meta is recommending Zoom-owned Workvivo as a migration-ready alternative.
Ted Baker Canada is holding store-closing clearance sales across locations in the US and Canada after filing for bankruptcy in April. As of May 10th, online shopping is no longer available and all sales are final across the company's brick-and-mortar retail locations.
Sezzle, a US-based BNPL service, partnered up with Celerant Technology, a POS system for retailers, to offer a BNPL option when checking out in-store . The two companies had partnered in 2023 to offer BNPL options online, and now the solution is being brought to brick-and-mortar stores.
BuyBay, a Dutch recommerce platform, is launching a SaaS product using its own recommerce software. Retailers and manufacturers can now resell unreturned products from their own distribution center, which helps reduce CO2-emissions and increase profits.
Setapp Mobile, a subscription-based alternative to the Apple App Store that's now possible thanks to the EU's Digital Markets Act, went into invite-only beta last week. The new app store allows customers to play with a range of apps without being hit with reduced features, ads, options to upgrade, and without spending money on something they may not use. The biggest challenge with the Setapp iOS store is getting the app installed on your iPhone, which involves following a link, installing software, and then activating it — a process made intentionally cumbersome by Apple.
Avalara expanded its partnership with Shopify by joining the Shopify Tax Platform. Avalara has powered tax calculation for Shopify Plus customers since 2015, and now through the Shopify Tax Partner Platform, the company can serve all Shopify customers with their global tax compliance tools.
Walmart delivered 4.4B items the same day or next day, beating Amazon, which said it did 4B items in one day. Walmart's advantage is that it uses stores for its same-day deliveries.
Plus 9 seed rounds, IPOs, and acquisitions of interest including Gorgias's $29M Series C-2 round, which it plans to use the funds from to launch its new AI Agent.
I hope you found this recap helpful. See you next week! For more details on each story and sources, see the full edition: https://www.shopifreaks.com/shopify-sues-shopline-ebays-qr-code-netflixs-new-ad-serve What else is new in e-commerce? Share stories of interesting in the comments below (including in your own business) or on shopifreaks. -PAUL Editor of Shopifreaks E-commerce Newsletter PS: Want the full editions delivered to your Inbox each week? Join free at www.shopifreaks.com

Hi - I'm Paul and I follow the e-commerce industry closely for my Shopifreaks E-commerce Newsletter. Each week I post a summary recap of the week's top stories, which I cover in depth with sources in the full edition. Let's dive in...
STAT OF THE WEEK: Amazon could finally surpass Walmart to become the nation’s biggest company by revenue, having grown by 12% last year compared with Walmart's growth of 6%. Two more years of similar growth discrepancy would push Amazon past Walmart in sales.
Shopify is suing Shopline in New York federal court, accusing it of illegally copying Shopify's software to build its own e-commerce platform. Shopline is a Singapore-based subsidiary of the Chinese technology company JOYY Inc. Shopify said in the lawsuit that Shopline created a “thinly disguised knockoff” of its Dawn theme to power a competing e-commerce service. The lawsuit even says that the “Shopify” name still appears in the code of various versions of Seed that Shopline is distributing, and that Shopify found a Chinese webpage hosted by Joyy with the title “Seed Theme” that still carries headers reading “dawn-test.”
In other lawsuit news this week — Temu is facing legal action from 17 companies accusing it of violating new EU laws with “manipulative practices” such as making it difficult to delete your account, and lack of transparency over who their sellers are and why certain products are recommended to customers. Temu was the most downloaded app in the UK in 2023 and still remains as a top downloaded app in 2024.
The state of Arizona has taken legal action against Amazon, launching two lawsuits that accuse the company of monopolistic behavior and deceptive practices involving dark patterns. The first lawsuit claims that Amazon's business practices violate the state's Consumer Fraud Act by employing dark patterns to make it difficult for users to cancel their Amazon Prime subscriptions. The second lawsuit alleges that Amazon breaches Arizona's Uniform State Antitrust Act by maintaining a monopoly via enforcing agreements with third-party sellers to prevent them from offering lower prices on other platforms. It also challenges Amazon's Buy Box algorithm under the Consumer Fraud Act, claiming that it favors sellers who use Fulfillment By Amazon. The legal actions echo similar complaints from the FTC and various states.
Last week Amazon made a big splash with its first-ever event during upfront week, taking over Pier 36 in New York which has previously hosted upfront presentations from Disney and TelevisaUnivision. The company called on celebrities including Jake Gyllenhaal, Reese Witherspoon, Will Ferrell, and Alicia Keys to demonstrate how premium their content is. Amazon worked to separate itself from its competitors by showcasing its scale. Prime Video now has an average monthly ad-supported reach of 200M customers, with 115M in the US, making it the largest premium ad-supported streaming service both globally and in the U.S. It also announced new upcoming series such as Spider-Man Noir, Tomb Raider, and a prequel to Legally Blond.
eBay launched a new feature called “resell on eBay” that is designed to make it easier for brands and consumers to list clothing for sale on its marketplace. The feature is built into Certilogo, which was acquired by eBay in 2023, which features an AI-powered digital ID printed on the product tag to help brands manage the lifecycle of their garments and give consumers a way to confirm the item's authenticity. Users scan a QR code on a product's smart label to generate a “resell your garment” button. Clicking the button directs the user to check the authenticity of the item through Certilogo's AI authentication system by signing in with their eBay account. From there, an eBay listing is prefilled with information from the brand about the item. Users can then edit the listing, upload additional photos, and publish the item for sale.
Poshmark launched a new paid marketing tool called “Promoted Closets” that gives sellers the ability to promote their entire shop at once. The tool uses machine learning to automatically promote individual product listings from a seller's entire inventory, identifying shoppers' search terms and matching them with promoted items. Promoted Closet works on a cost per click model where sellers only get charged when a shopper clicks and views the item from a promoted listing. There's an option to set the budget manually or get a recommendation from Poshmark. Each campaign lasts for 7 days.
Klarna says that it is not sharing its customer data with credit bureaus in the US because the bureaus “do not have proper models to responsibly process the data and ensure good consumer outcomes.” It does share its data with UK credit bureaus. Klarna added that the credit models used today in the US “were built decades ago and calculate data based on monthly payments, long-term loans, and open lines of credit. But BNPL does not fit into these categories.” The company claims that BNPL is different because it offers bi-weekly instead of monthly payments, and unlike a credit card, Klarna doesn't offer an open line of credit.
Third party sellers on Amazon, which make up 60% of sales on Amazon's marketplace, are reconsidering how heavily they'll discount products this year for Prime Day, given how much seller fees have increased on the platform in recent months, according to Modern Retail. According to data from SmartScout, Amazon FBA fees for standard-sized products have jumped 96% over the past 10 years, outpacing inflation. Seller fees can eat up about half the cost per sale on Amazon, according to Marketplace Pulse. That doesn't leave much room for running Prime Day deals, which primarily benefit Amazon as opposed to the individual merchants who are pressured to wipe out their little remaining margin for the sake of running a deal at all.
Netflix announced durings it Upfronts presentation that it's launching its own advertising platform to compete against Google, Amazon, Hulu, Comcast, and other ad giants. Amazon has only been in the advertising business for a year and a half after launching its ad-supported tier in Nov 2022. Netflix originally partnered with Microsoft to develop its ad tech, which let the streaming platform enter the ad space quickly and catch up with rivals like Hulu, which has offered an ad-supported tier since 2010. Launching its own in-house ad tech will allow Netflix to take full control of its advertising and create targeted and personalized ad experiences. Netflix wants to experiment with “episodic” campaigns, which involves a series of ads that tell a story rather than delivering repetitive ads. Brilliant!
Slack is under attack after users discovered that the company has been using their messages, content, and files to train its global AI models, which Slack uses to power their channel and emoji recommendations and search results. It was discovered that if you don't want Slack to use your data, you have to e-mail the company to opt-out, which isn't a good look for a company that makes a big deal out of telling customers that “You control your data.” In response to the outrage, Slack published a blog post to clarify how its customers' data is used.
Google will now let you perform a “web” search, which lets you filter out almost all of its AI results and knowledge panels that currently take over its SERPs, leaving you with just links and text like the old days. The order of the search results are the same regardless of whether you pick “web” or “all”, and it doesn't block links to YouTube videos or Reddit posts. There are also still ads that appear above and below the results.
YouTube is officially launching its YouTube Select “creator takeovers,” which lets advertisers buy out the ad inventory on channels representing the top 1% of content on the platform. The program began as a pilot at the end of 2023 and is now opening to more top creators.
Wix launched three new AI-powered image enhancement and creation tools to help users create and display high-quality images. The new tools include an AI Image Creator to make the images, Object Eraser to remove unwanted objects in the images, and AI Image Editor to add/edit portions of the image. Honestly, the three tools kind of sound like one tool with three features, but you do you, Wix.
Temu, which is already 20% bigger than Shein in the US and gets 42% of its business from the US, Mexico, and Chile, is turning its attention to Europe and wants to grow rapidly in the region. The company has redirected its enormous ad spend to Europe and Mexico while Washington scrutinizes its business practices in the US.
Visa announced major changes to how its credit and debit cards will operate in the US in the coming months and years. The new features mean consumers will be carrying fewer physical cards in their wallets, and will make the 16-digit card number increasingly irrelevant. The biggest change will be the ability for banks to issue one physical card that is connected to multiple bank accounts, which consumers can apply usage rules to.
Mastercard and Salesforce announced a new integration designed to help customers speed up the resolution of transaction disputes and chargebacks, as well as reduce costs associated with resolving them. The partnership will integrate Salesforce's Financial Services Cloud with Mastercard's dispute resolution services, providing real time notifications and a central dashboard for managing disputes.
Meta is taking inspiration from BeReal and Snapchat by developing a feature for Instagram called “Peek” that allows users to post authentic pictures that can only be viewed once. A photo shared via a Peek would have to be taken with your camera in the moment, as you would not be able to upload an image from your gallery, and you won't be able to add filters or edit the photo.
Ikea launched a TikTok livestream where cats and dogs model and demonstrate new Ikea products for pets. The Pet Shopping Network will appear for everyone in the UK on TikTok and showcase pets demonstrating Ikea's 29-piece pet furniture range.
Sam's Club is planning to launch an online shopping portal in Hong Kong within the next two months, giving the territory access to its products via e-commerce. The service will include free delivery for purchases over 599 yuan ($83).
Amazon raised warehouse worker wages to $15/hour five years ago, but today half of workers surveyed told researchers they struggle to afford food and rent. Amazon called the researcher's methodology “deeply flawed” and said the company had tried to raise its concerns with the study’s authors but never heard back.
Lots of layoffs this week… Amazon laid off more than 100 customer service reps, Walmart let go of hundreds of corporate staffers and ordering employees across the US and Canada, Gopuff laid off 6% of its staff, and Indeed laid off 8% of its workforce.
Remember that former diversity program manager at Facebook who stole more than $4M from the company through fake business deals in exchange for kickbacks? I first reported on Barbara Furlow-Smiles in December of last year when she pled guilty to the theft. Well, last week she was sentenced to five years and three months in prison for her scheme.
In the world of corporate turnover… The chief of Amazon Web Services, Adam Selipsky, is stepping down next month after a three-year term to be replaced by Matt Garman, a senior VP who has overseen sales and marketing at AWS. Also, eBay's VP of Global Communications, Michelle Friedman, departed the company to take on a role at Samsara, a cloud platform built for tracking and analyzing data from physical operations.
Meta is shutting down Workspace, a version of Facebook that had been built to enable communication among business teams and organizations. Sources say that it will be business as usual on the platform until August 25, 2025, and then it will be read-only until May 2026. Meta is recommending Zoom-owned Workvivo as a migration-ready alternative.
Ted Baker Canada is holding store-closing clearance sales across locations in the US and Canada after filing for bankruptcy in April. As of May 10th, online shopping is no longer available and all sales are final across the company's brick-and-mortar retail locations.
Sezzle, a US-based BNPL service, partnered up with Celerant Technology, a POS system for retailers, to offer a BNPL option when checking out in-store . The two companies had partnered in 2023 to offer BNPL options online, and now the solution is being brought to brick-and-mortar stores.
BuyBay, a Dutch recommerce platform, is launching a SaaS product using its own recommerce software. Retailers and manufacturers can now resell unreturned products from their own distribution center, which helps reduce CO2-emissions and increase profits.
Setapp Mobile, a subscription-based alternative to the Apple App Store that's now possible thanks to the EU's Digital Markets Act, went into invite-only beta last week. The new app store allows customers to play with a range of apps without being hit with reduced features, ads, options to upgrade, and without spending money on something they may not use. The biggest challenge with the Setapp iOS store is getting the app installed on your iPhone, which involves following a link, installing software, and then activating it — a process made intentionally cumbersome by Apple.
Avalara expanded its partnership with Shopify by joining the Shopify Tax Platform. Avalara has powered tax calculation for Shopify Plus customers since 2015, and now through the Shopify Tax Partner Platform, the company can serve all Shopify customers with their global tax compliance tools.
Walmart delivered 4.4B items the same day or next day, beating Amazon, which said it did 4B items in one day. Walmart's advantage is that it uses stores for its same-day deliveries.
Plus 9 seed rounds, IPOs, and acquisitions of interest including Gorgias's $29M Series C-2 round, which it plans to use the funds from to launch its new AI Agent.
I hope you found this recap helpful. See you next week!
PAUL Editor of Shopifreaks E-Commerce Newsletter
PS: If I missed any big news this week, please share in the comments.

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Some of the commenters during Sunday's Stream mentioned the global campaign to bring federal lawsuits and petitions against videogame publishers who intentionally sabotage the functionality of videogames when the servers shut down. They wanted Ludwig to do a Mogul Mail about it. I wasn't 1 of those commenters, nor am I a representative spearheading this initiative, but I am somewhat familiar with what's going on and wanted to explain it here to see if others are interested. So what is going on?

The Crew

The videogame "The Crew", published by Ubisoft, was recently destroyed for all players and had a playerbase of at least 12 million people. Due to the game's size and France's strong consumer protection laws, this represents one of the best opportunities to hold a publisher accountable for this action. If we are successful in charges being pressed against Ubisoft, this can have a ripple effect on the videogames industry to prevent publishers from destroying more games.

Source
More about "The Crew" Specifically
This includes both physical and digital versions of the game, by the way, as the game cannot function without pinging to the now offline servers, making it completely nonfunctional.

The Petition

Official government petitions have been introduced to prohibit the practice of intentionally rendering commercial videogames inoperable when support ends. Currently, petitions for the United Kingdom, Canada, and Australia have been launched and will soon be open for signing. Plans are also underway for the European Union, but will unfortunately be delayed due to processing times. Further government petitions may be started later with enough assistance.

You can go to the website https://www.stopkillinggames.com and click "take action here" to sign a petition for your country. Depending on the country you're in, you may have to have actually owned the game "the crew" in order to sign, but regardless it's important to understand this increasingly prevalent issue and bring awareness to it.
Here's a video about the initiative from its founder
Here's Accursed Farms's latest update.

Erasing Videogames and History

This ties into another videogame-related issue. Most videogames cannot be legally obtained anymore.

Only 13 percent of classic video games published in the United States are currently in release (n = 1500, ±2.5%, 95% CI). These low numbers are consistent across platform ecosystems and time periods. Troublingly, the reissue rate drops below 3 percent for games released prior to 1985—the foundational era of video games—indicating that the interests of the marketplace may not align with the needs of video game researchers. Our experiences gathering data for this study suggest that these problems will intensify over time due to a low diversity of reissue sources and the long-term volatility of digital game storefronts.

Video about the study.
But Nintendo has like 20 N64 games available on Nintendo Online so....

A Symptom of a Wider Problem

Videogame companies are doing what all companies have been trying to do for years now: stop you from owning anything, and requiring you to rent everything.
Ubisoft’s Director of Subscriptions Phillippe Tremblay said: “...gamers are used to, a little bit like DVD, having and owning their games. That’s the consumer shift that needs to happen. They got comfortable not owning their CD collection or DVD collection. That’s a transformation that’s been a bit slower to happen in games.” Source. Video talking about it
They don't want you to own your games. They want to be able to take away the thing you "purchased", destroy it so it no longer works, and force you to buy something new.
GamePass
Gamepass is literally exactly what the corporate overlords are trying to push the entire industry toward: rentiership of all videogames. "Games as a Service" is a fraud.
It's not just videogames
Whenever you "buy" an ebook or movie from, say, Apple, Amazon, Google, etc., or a videogame from Steam, Sony, etc., you don't actually own that piece of digital media. You are renting the product and getting a perpetual license. That license can be revoked at any time for any reason by the company and you will have the thing you "bought" revoked.
This has happened a lot over the years. For example: Telstra.

...[Telstra] announced it would shut down the service in June. Customers were told that unless they moved over to another service, Fetch, they would no longer be able to access the films and TV shows they had bought.
This isn’t simply a case of Netflix removing Friends from the service when a content agreement runs out. These were films and shows people had bought with the expectation they could watch them whenever they wanted – indefinitely.
Vicki Russell posted on X last week saying she was being asked by Telstra to pay $200 for Fetch to retain access to what she said was $2,500-worth of purchases.

Source, fantastic video talking about article
Microsoft Book Store
In 2019, Microsoft shut down their ebook store, erasing all customers' books from their devices. Fortunately, Microsoft offered a refund for the books purchased. Something they did to not raise customer ire, not because they were legally required to do so.
They are able to completely erase the books the customers "bought" because of Digital Rights Management (DRM)

"One of the things that I think people don't realize that's crucially important is that DRM and related software tools are embedded in all sorts of devices that we buy," Aaron Perzanowski, the author of The End of Ownership: Personal Property in the Digital Economy, tells NPR's Lulu Garcia-Navarro.
"Your car, your smart home appliances, your home security system – all of these systems have software that allows for this kind of control over how the devices are used, and I think we're going to see these same sorts of situations crop up in the context of physical devices that are being used in people's homes."
"As this technology has been deployed what we've seen is that the big beneficiaries of DRM have not been copyright holders. They have been technology companies like Amazon, like Microsoft, who are able to control these ecosystems to make it harder for consumers to switch over to new platforms."

Source
Sony
TV Shows "purchased" through the Play Station store were slated to be erased according to an announcement in December 2023. However, do to the immense and justified backlash, they reneged for now.
Apple
Apple can remove a movie from the App Store and, in some cases, make it impossible for you to access your "purchased" version if you don't have it downloaded. Source
Amazon
In 2020, a Class Action Lawsuit was filed against Amazon for this very reason. "Caudel v Amazon"

The plaintiff claimed that Amazon misleads customers about the reality of what it means to “purchase” a video through the site. Allegedly, the company is aware that customers will believe that purchasing a video gives them unlimited access to it because that is the usual understanding of the word “buy.”

The case was dismissed out of the California Federal Court due to lack of standing). Source.

These Terms of Use expressly state that purchasers obtain only a limited license to view video content and that purchased content may become unavailable due to provider license restriction or other reasons.

AKA: You don't own anything.
Source
More on the lawsuit. The legal filing. Dismissal
This phenomenon is part of what is known as "rentism", "rentier capitalism" or "techno-economic rentiership". It goes far beyond just movies and videogames, but this is getting a bit far afield from what one might expect from a standard Mogul Mail, so I won't dive deeper into that aspect of the subject, but you can google those terms and phrases to find some fun reading.

I forgot to tie this into the "Right to Repair" but this post is getting too long.

Can't even fix the stuff you own. Do you even really own it?
Tractors.
Ludwig, if you're reading this, please do a Mogul Mail about this topic; at least the videogame stuff. You can use all of these sources I've compiled and you don't need to credit me for the compilation. I don't care. This is important and more people should know.

weird lawyers

"This Eighth Circuit opinion teaches two lessons. First, sovereign citizens' legal-mumbo-jumbo-filled parallel universe is a wild place. Second, criminal defendants have a constitutional right to "go down in flames if they wish" by representing themselves, and the mere fact that a defendant is politely pressing his "wacky" arguments before trial is not the kind of disruptive behavior that loses him his right to self-representation." Many courts and places are so conformist they falsely claim it's a crime to be weird. https://reason.com/volokh/2024/05/17/short-circuit-a-roundup-of-recent-federal-court-decisions-263/

rehab mostly doesn't work

india, "Over 90% of de-addiction & rehabilitation centres operate illegally in city, jeopardising the well-being of patients." https://punemirror.com/pune/health/are-the-addicts-in-safe-hands/cid1715927040.htm

antipsychotics don't work

new york, "NYC Council Calls for Budget Restorations and Greater Investments in Programs That Address Recidivism and Mental Health." https://council.nyc.gov/press/2024/05/17/2610/

royally screwed

"King Charles III retains patronage of Royal College of Psychiatrists." https://www.rcpsych.ac.uk/news-and-features/latest-news/detail/2024/05/17/king-charles-iii-retains-patronage-of-royal-college-of-psychiatrists

judges

pakistan, "judges are no angels. If angels, they too are bald (Saadt Hasan Manto, Ganjey Farishtey)" Judges should not have immunity against lawsuits such as for 2022 believing perjury that I smelled when I had just showered and that there are gang members in the psych ward who openly admitted it. https://www.pakistantoday.com.pk/2024/05/17/who-will-guard-the-guardians/

Bill of Rights

illinois, "Weiner announced the state is drafting a “Mental Health Bill of Rights” – also without a timeline." https://ipmnewsroom.org/pritzker-pledges-to-expand-access-to-mental-health-care-in-illinois/

metabolism

"A Review on the Possible Therapeutic Intervention by Herbal Remedies on Antipsychotic Drugs Induced Metabolic Disorder." https://typeset.io/papers/a-review-on-the-possible-therapeutic-intervention-by-herbal-36hll20u

bones

"Osteoporosis management in adults with schizophrenia following index hip fracture event: a 10-year population-based retrospective cohort study, Ontario, Canada...associated with a lower incidence of testing or treatment." https://pubmed.ncbi.nlm.nih.gov/38760503/

personal experiences

May 18 6 PM mother harassed my religious beard. felon delusionally called herself the best mother. she's a closed minded serial swatter instead of debating, poisoner of food, jealously ruined 11 years of dates, incest groper, threatened me with a blade twice, and other stress-inducing liar crimes.
mother said I'm "not an incompetent person." she was immediately offended by the Lifetime movie The Bad Guardian. https://youtu.be/XDjvs8u-TBM Character said "they're a bunch of fascists...drug us into submission...(on medical record) Lies!...lazy bunch of bastards."
X-rays of my neck and lower spine prove I have a (L4) hernia slipped disc, arthritis, scoliosis/curvature lordosis, retrolisthesis, "narrowing of the intervertebral disc space at L5-S1." she told me since 2003 to somehow exercise on intoxicating garbage pills instead of painkillers when I can't even sleep comfortably.

Hello Everyone, has anyone successfully filed a claim/lawsuit against a guest? This particular guest left the property in a very bad condition: holes through the walls, furniture demolished, carpets ruined, picture frames broken, broken lamps, TV.. you name it. We have our property hosted on airbnb, vrbo, booking.com and this particular booking was through booking.com so I cant even review the guest. Now the majority of the repair will be covered by insurance, but there are also items such as tv speaker that were stolen by them that wont be covered. I also cannot undermine the headache of repairs for turning the property to its original state since this all happened while I was in out of the country. Thankfully I have had a wordclass field team that helped me turn the property around while I was away, but this was total vandalism to my property. Any experiences taking guests to court? Or will filing a police case an alternate path?

In Canada's legal definition of extortion it includes this bit:
"(2) A threat to institute civil proceedings is not a threat for the purposes of this section."
Which to me means I can demand money from someone with the threat of a lawsuit if they don't pay.
But someone was fighting me on this in another post I made.
I can't find any more clarifying information on this, does anyone else know how to interpret this, or where I can read more on it?

I have been fortunate enough to bring global fun/exciting restaurant brand to Canada as a franchisee. Got my bank loan in place ..but the project is running over budget as I was cornered into spending more. After being misguided but the bank and my financial broker, I'm stuck last minute needed to raise capital ASAP before the project collapses. I'm in construction currently and idk what to do or who to turn to... They say listen to the professionals but those are the same people that have let me down. I need to raise $3M in less than 3 weeks or my employees, my family, friends, workers everyone around this project is screwed and there will be lots of lawsuits going around.
Anyone have any advice how I can raise $3M quickly?
Everything about this project is great and people are so hyper for this brand to come to the city and we would do revenues of at least $10M a year.
Thanks

I have been fortunate enough to bring global fun/exciting restaurant brand to Canada as a franchisee. Got my bank loan in place ..but the project is running over budget as I was cornered into spending more. After being misguided but the bank and my financial broker, I'm stuck last minute needed to raise capital ASAP before the project collapses. I'm in construction currently and idk what to do or who to turn to... They say listen to the professionals but those are the same people that have let me down. I need to raise $3M in less than 3 weeks or my employees, my family, friends, workers everyone around this project is screwed and there will be lots of lawsuits going around.
Anyone have any advice how I can raise $3M quickly?
Everything about this project is great and people are so hyper for this brand to come to the city and we would do revenues of at least $10M a year.
Thanks

I have been fortunate enough to bring global fun/exciting restaurant brand to Canada as a franchisee. Got my bank loan in place ..but the project is running over budget as I was cornered into spending more. After being misguided but the bank and my financial broker, I'm stuck last minute needed to raise capital ASAP before the project collapses. I'm in construction currently and idk what to do or who to turn to... They say listen to the professionals but those are the same people that have let me down. I need to raise $3M in less than 3 weeks or my employees, my family, friends, workers everyone around this project is screwed and there will be lots of lawsuits going around.
Anyone have any advice how I can raise $3M quickly?
Everything about this project is great and people are so hyper for this brand to come to the city and we would do revenues of at least $10M a year.
Thanks

I have been fortunate enough to bring global fun/exciting restaurant brand to Canada as a franchisee. Got my bank loan in place ..but the project is running over budget as I was cornered into spending more. After being misguided but the bank and my financial broker, I'm stuck last minute needed to raise capital ASAP before the project collapses. I'm in construction currently and idk what to do or who to turn to... They say listen to the professionals but those are the same people that have let me down. I need to raise $3M in less than 3 weeks or my employees, my family, friends, workers everyone around this project is screwed and there will be lots of lawsuits going around.
Anyone have any advice how I can raise $3M quickly?
Everything about this project is great and people are so hyper for this brand to come to the city and we would do revenues of at least $10M a year.
Thanks

Ovo nije nova tema, no uvijek vrijedi pricati o tome.
How dating apps frustrate you into paying: https://www.cbc.ca/news/canada/dating-apps-frustration-premium-1.7144810
Osnivači dating aplikacija su otvoreno govorili o tome kako su bili inspirirani eksperimentima na golubovima, htjeli replicirati psihologiju ovisnosti o kockanju i igricama, samo primijenjenu na dejting. Upravo tako i funkcioniraju, kao pay to play slotovi i igrice, samo primijenjeno na esencijalne ljudske odnose. U isto vrijeme, potenciraju percepciju drugih ljudi kao artikala, komoditeta, objekata za jednokratnu uporabu. Sirovi kapitalizam koji nas, ajmo bit iskreni, kao drustvo ubrzano psiholoski erodira.
u Kaliforniji je u tijeku class action lawsuit iz tih razloga: https://www.theguardian.com/lifeandstyle/2024/feb/17/are-dating-apps-fuelling-addiction-lawsuit-against-tinder-hinge-and-match-claims-so
Ova situacija osobito teško pogađa lezbijke; zbog skoro potpunog manjka drustvenih prostora za zensku lezbijsku/bi populaciju u ovoj drzavi, zene koje traze druge zene za intimnu vezu generalno su osuđene na takve aplikacije kao jedini izvor partnera, da bi onda same aplikacije bile pune unicorn huntera, catfishinga i cega sve ne.
Sjecam se kako je islo u ranijoj fazi smartfon dejting aplikacija, kako su marketingom uvjerili mlade ljude da si kul ako ih koristis, da si prava moderna faca, slicno kao s e-cigaretama.
Na kraju svega nisu same aplikacije kao takve problem, problem je ekonomski sustav koji ih trenutno pokrece. Ista tehnologija bi se mogla iskoristiti za pozitivne svrhe, no umjesto toga koristi se za cijeđenje profita preko neeticnih praksa, iz sve očajnijih korisnika.

ANALYSIS:

• CPI update:
• Core CPI came in line with survey, at 0.3%, heading slightly lower in MOM terms vs last month (0.3% vs 0.4% before).
• We can see its a similar scenario as before, with service inflation there, but goods in deflation.
• https://imgur.com/a/3hAiquW
• Significantly, shelter inflation MOM is finally below 0.4%, which was the main headline of the print.
• https://imgur.com/a/GYHD12y
• Following the print, Inflation swaps now price in lower CPI for next month, so traders are more optimistic on inflation to continue lower than they were before, especially as we see oil prices come down this month.
• Market continues to move on the number of rate cuts being priced in for this year. Right now markets continue to price 1 or 2 rate cuts.
• So what does this mean for positioning, as we saw equities push higher?
• Well, as was the case before CPI, we continue to see very bearish positioning on VIX. Traders expect VIX to continue lower, which will increase the liquidity that market makers add. This should support the market higher. nOt much anxiety and fear in the markets.
• Volatility should therefore remain suppressed, for this opex.
• 5300 is the wall to get above, but We see traders buying calls on 5400 now so traders are optimistic in medium term.
• Probably when we look at today, skew is flat, but positioning bullish. We can see choppy day as VIX delta ITM puts are still elevated.
• Sentiment v bullish over next month or more.
• When we look at FX, we see That EURUSD has pared gains, because DXY moved higher. This was mostly because EURUSD had got overbought, and DXY was starting to get short term oversold. When we look at positioning, we see traders still buying calls on 1.09. 1.08 will act as support now.
• GOLD and Silver still see strong positioning, 2400 is wall on Gold. Skew on both gold and silver point higher but seeing low volumes.
• On Oil, traders are looking bullish. The skew points higher, whilst price consolidates. Traders are expecting a bullish breakout soon as seasonal demand tends to pick up in summer. Oil is just currently stuck below 79 on WTI.
• On German market, we see traders still buying calls on 19k but low volumes. Needs v high volume to get to this 19k level. 19k is a massive wall. Today and yesterday, it comes down, but soon it will try to test again. Euro strength will help GER40 go higher.

DATA LEDE:

• China Industrial production YOY came 6.7% up, vs 5.5% expected
• China Retail sales came 2.3% YOY vs 3.8% expected
• So retail sales came weak, industrial production was strong
• Unemployment rate in China fell to 5% from 5.2%, back to lowest level since November.
• NOTE: China also announced measures from PBOC to support housing market.
  
• Final revision to inflation rate in Eurozone came in in line with preliminary readings. No change.
  
• US leading index comes out later, after market opens. Expected to show deteriorating leading economic indicators
  

MARKETS:

• SPX: Following CPI, we saw markets push from 5246, to close above 5300. Yesterday, we aw market reach 5325, partly as result of softer jobless numbers, which points to more rate cuts, before sell off lower below 5300. Now at 5295. 5300 will be resistance again that it will try to break above.
• Nasdaq: Before CPI was at 18,310 just below resistance, pushed higher to reach 18,650, before coming lower again to 18,555. 18600 is a resistance, before 19k as the key resistance.
• Dow: was trading at 39600 before CPI, pushed higher to 40k. Got rejected below 40k. 40k is key resistance to get above.
• GER40: Pushed higher with US markets to 18,910, close to the key 19k resistance which is v strong, before paring gains back to 18,662.
• UK100 just been flat amongst the highs at 8400-8450
• China50 higher with lower unemployment rate and higher industrial production, trading up by 1.5% to 12,850. Main resistance now is going to be 13k. China also announced measures to support housing market.
• HKG50: Trading at 19,500. Key resistance is 20k.
• OIL: still trading flat, skew pointing higher.
• GOLD trading higher after CPI, bounced close to 2400.
• Price of Copper surges to new highs.

FX:

• EURUSD hit 1.09 yesterday, before coming down back to 1.084 now. 1.09 was the wall.
• GBPUSD hit 1.27, before coming down to 1.265 now.
• USDJPY fell from 156 to 153.5, before recovering higher to 156 again now.
• AUDUSD moved higher above 0.67 before paring the gains.
• The paring of gains came as DXY fell to almost 104, before pushing higher from there to 104.8.

MAG7:

• NVDA lower in premarket as Microsoft unveils AMD powered AI chips to rival NVDA. Theyre offering their cloud customers AMD AI processors as an alternative to NVDA.
• TSLA - raised price of Model 3 performance for 2nd time in US by $1k, bringing it to $54,990. Increased price fo white interior for model 3 by $500, now priced at $2000.
• META - starting to test a Tweetdeck like experience for threads.
• NFLX - adds more buy side partners to its budding advertising business. Includes TTD, which had been MSFT’s role exclusively up until this point. GOOGL also added to programmatic partners for advertisers.
• MSFT - EU demands clarity from Microsoft on AI risks in bing.
• MSFT - As mentioned, Microsoft unveils AMD powered AI chips to rival NVDA.

EARNINGS:
AMAT:

• EPS of 2.09 was up 5% YOY, beat estimates of 1.99
• Revenue of 6.65B was flat YOY, beat estimates of 6.52B
• Semiconductor systems revenue, their main segment was 4.9B, beating estimates of 4.8B
• Q3 Guidance:
• Sees adjusted EPS of 1.83-2.19 (vs estimate of 1.83). So ahead of expectations
• Revenue of 6.65+400M, beat estimates of 6.57B. So strong guidance
• Strong results. Said their technologies for chips underpin the major secular shifts we are seeing in AI, IOT, EV and Clean energy

COMPANY SPECIFIC:

• Crypto stocks slightly higher as BTC up 1.5% to 66,500.
• BABA continues higher. Was up a lot as Michael Burry increased his stake in the company
• UAL - Wolfe Research raises to outperform from peer perform
• ARRY - Wells Fargo cuts price target to 14 from 16, still way above current price of 11.34, buy rating maintained
• Nio - China FAW to join Nio battery swap alliance
• SNOW - in talks to acquire AI startup Reka AI for over $1B. Was valued at 300M last June.
• RDDT - OPenAI will integrate Reddit content into ChatGPT and other products. OpenAI will become a reddit advertiser too.
• AMD - Wolfe Research replaced NVDA with AMD on its Wolfe Alpha List.
• AMD - Mcirsofot offers cloud cusomters amd alternative to NVDA AI processors.
• AVGO - say they expect AI chips to account for 35% of semiconductor evneues in 2024, up from 15% in 2023.
• XPEV - aims to deliver their first flying car in 2026, will start taking pre orders this year.
• HSBC down 3% amid reports that shareholder Ping An is looking to trim its stake.
• AMGN - FDA approves Amgen’s treatment for the most deadly form of lung cancer.
• Canada goose - jumps 16% after they reported growth surge in China.
• GS - looks to expand private equity credit lines as dealmaking picks up.
• DXC down on earnings after issuing weak outlook, forecasting revenue to decelerate and is forecasting financial challenges
• TTWO down on earnigns after cutting bookings forecast for Fy 2025. announced a fall 2025 release date for its highly anticipated GTA VI video game
• Li down as is hit with class lawsuit over Li Mega debacle
• STLA - gets buy rating from Piper Sandler

OTHER NEWS:

• CHINA PROPERTY RESCUE PACKAGE.
• China announced multiple measures from PBOC to support Housing market: set up 300B Yuan resending scheme for public housing. Removed mortgage rate floor for individual home buyers. Minimum down payment reduced to 15% for first time.
• THEY ARE TRYING TO MAKE IT EASIER FOR PEOPLE TO BUY HOUSES.
• Bostic yesterday said that he is pleased with inflation progress in April, but the Fed isn’t there yet. Said he doesnt see a recession, and said that lower shelter inflation in recent print was the most significant development for him. Said it will be appropriate for rate cuts later this year, but nothing locked in.
• DOJ yesterday, planned to issue notice of proposed rule making, to reclassify marijuana into a less restrictive category, from Schedule 1 to Schedule 3.
• Luxury brand Richemont, which owns Cartier, posts record full year sales and new CEO
• ECB’s Schnabel says that there is little chance of back to back rate cuts from ECB, even if the first rate cut comes in June.
• Uk’s Jeremy Hunt says that he will cut national insurance in Autumnn if he is able to. Says conservatives will cut taxes if they win the election.

ANALYSIS:

• CPI update:
• Core CPI came in line with survey, at 0.3%, heading slightly lower in MOM terms vs last month (0.3% vs 0.4% before).
• We can see its a similar scenario as before, with service inflation there, but goods in deflation.
• https://imgur.com/a/3hAiquW
• Significantly, shelter inflation MOM is finally below 0.4%, which was the main headline of the print.
• https://imgur.com/a/GYHD12y
• Following the print, Inflation swaps now price in lower CPI for next month, so traders are more optimistic on inflation to continue lower than they were before, especially as we see oil prices come down this month.
• Market continues to move on the number of rate cuts being priced in for this year. Right now markets continue to price 1 or 2 rate cuts.
• So what does this mean for positioning, as we saw equities push higher?
• Well, as was the case before CPI, we continue to see very bearish positioning on VIX. Traders expect VIX to continue lower, which will increase the liquidity that market makers add. This should support the market higher. nOt much anxiety and fear in the markets.
• Volatility should therefore remain suppressed, for this opex.
• 5300 is the wall to get above, but We see traders buying calls on 5400 now so traders are optimistic in medium term.
• Probably when we look at today, skew is flat, but positioning bullish. We can see choppy day as VIX delta ITM puts are still elevated.
• Sentiment v bullish over next month or more.
• When we look at FX, we see That EURUSD has pared gains, because DXY moved higher. This was mostly because EURUSD had got overbought, and DXY was starting to get short term oversold. When we look at positioning, we see traders still buying calls on 1.09. 1.08 will act as support now.
• GOLD and Silver still see strong positioning, 2400 is wall on Gold. Skew on both gold and silver point higher but seeing low volumes.
• On Oil, traders are looking bullish. The skew points higher, whilst price consolidates. Traders are expecting a bullish breakout soon as seasonal demand tends to pick up in summer. Oil is just currently stuck below 79 on WTI.
• On German market, we see traders still buying calls on 19k but low volumes. Needs v high volume to get to this 19k level. 19k is a massive wall. Today and yesterday, it comes down, but soon it will try to test again. Euro strength will help GER40 go higher.

DATA LEDE:

• China Industrial production YOY came 6.7% up, vs 5.5% expected
• China Retail sales came 2.3% YOY vs 3.8% expected
• So retail sales came weak, industrial production was strong
• Unemployment rate in China fell to 5% from 5.2%, back to lowest level since November.
• NOTE: China also announced measures from PBOC to support housing market.
  
• Final revision to inflation rate in Eurozone came in in line with preliminary readings. No change.
  
• US leading index comes out later, after market opens. Expected to show deteriorating leading economic indicators
  

MARKETS:

• SPX: Following CPI, we saw markets push from 5246, to close above 5300. Yesterday, we aw market reach 5325, partly as result of softer jobless numbers, which points to more rate cuts, before sell off lower below 5300. Now at 5295. 5300 will be resistance again that it will try to break above.
• Nasdaq: Before CPI was at 18,310 just below resistance, pushed higher to reach 18,650, before coming lower again to 18,555. 18600 is a resistance, before 19k as the key resistance.
• Dow: was trading at 39600 before CPI, pushed higher to 40k. Got rejected below 40k. 40k is key resistance to get above.
• GER40: Pushed higher with US markets to 18,910, close to the key 19k resistance which is v strong, before paring gains back to 18,662.
• UK100 just been flat amongst the highs at 8400-8450
• China50 higher with lower unemployment rate and higher industrial production, trading up by 1.5% to 12,850. Main resistance now is going to be 13k. China also announced measures to support housing market.
• HKG50: Trading at 19,500. Key resistance is 20k.
• OIL: still trading flat, skew pointing higher.
• GOLD trading higher after CPI, bounced close to 2400.
• Price of Copper surges to new highs.

FX:

• EURUSD hit 1.09 yesterday, before coming down back to 1.084 now. 1.09 was the wall.
• GBPUSD hit 1.27, before coming down to 1.265 now.
• USDJPY fell from 156 to 153.5, before recovering higher to 156 again now.
• AUDUSD moved higher above 0.67 before paring the gains.
• The paring of gains came as DXY fell to almost 104, before pushing higher from there to 104.8.

MAG7:

• NVDA lower in premarket as Microsoft unveils AMD powered AI chips to rival NVDA. Theyre offering their cloud customers AMD AI processors as an alternative to NVDA.
• TSLA - raised price of Model 3 performance for 2nd time in US by $1k, bringing it to $54,990. Increased price fo white interior for model 3 by $500, now priced at $2000.
• META - starting to test a Tweetdeck like experience for threads.
• NFLX - adds more buy side partners to its budding advertising business. Includes TTD, which had been MSFT’s role exclusively up until this point. GOOGL also added to programmatic partners for advertisers.
• MSFT - EU demands clarity from Microsoft on AI risks in bing.
• MSFT - As mentioned, Microsoft unveils AMD powered AI chips to rival NVDA.

EARNINGS:
AMAT:

• EPS of 2.09 was up 5% YOY, beat estimates of 1.99
• Revenue of 6.65B was flat YOY, beat estimates of 6.52B
• Semiconductor systems revenue, their main segment was 4.9B, beating estimates of 4.8B
• Q3 Guidance:
• Sees adjusted EPS of 1.83-2.19 (vs estimate of 1.83). So ahead of expectations
• Revenue of 6.65+400M, beat estimates of 6.57B. So strong guidance
• Strong results. Said their technologies for chips underpin the major secular shifts we are seeing in AI, IOT, EV and Clean energy

COMPANY SPECIFIC:

• Crypto stocks slightly higher as BTC up 1.5% to 66,500.
• COIN -price target raised to 217 from 110 by BoA
• BABA continues higher. Was up a lot as Michael Burry increased his stake in the company
• UAL - Wolfe Research raises to outperform from peer perform
• ARRY - Wells Fargo cuts price target to 14 from 16, still way above current price of 11.34, buy rating maintained
• Nio - China FAW to join Nio battery swap alliance
• SNOW - in talks to acquire AI startup Reka AI for over $1B. Was valued at 300M last June.
• RDDT - OPenAI will integrate Reddit content into ChatGPT and other products. OpenAI will become a reddit advertiser too.
• AMD - Wolfe Research replaced NVDA with AMD on its Wolfe Alpha List.
• AMD - Mcirsofot offers cloud cusomters amd alternative to NVDA AI processors.
• AVGO - say they expect AI chips to account for 35% of semiconductor evneues in 2024, up from 15% in 2023.
• XPEV - aims to deliver their first flying car in 2026, will start taking pre orders this year.
• HSBC down 3% amid reports that shareholder Ping An is looking to trim its stake.
• AMGN - FDA approves Amgen’s treatment for the most deadly form of lung cancer.
• Canada goose - jumps 16% after they reported growth surge in China.
• GS - looks to expand private equity credit lines as dealmaking picks up.
• DXC down on earnings after issuing weak outlook, forecasting revenue to decelerate and is forecasting financial challenges
• TTWO down on earnigns after cutting bookings forecast for Fy 2025. announced a fall 2025 release date for its highly anticipated GTA VI video game
• Li down as is hit with class lawsuit over Li Mega debacle
• STLA - gets buy rating from Piper Sandler

OTHER NEWS:

• CHINA PROPERTY RESCUE PACKAGE.
• China announced multiple measures from PBOC to support Housing market: set up 300B Yuan resending scheme for public housing. Removed mortgage rate floor for individual home buyers. Minimum down payment reduced to 15% for first time.
• THEY ARE TRYING TO MAKE IT EASIER FOR PEOPLE TO BUY HOUSES.
• Bostic yesterday said that he is pleased with inflation progress in April, but the Fed isn’t there yet. Said he doesnt see a recession, and said that lower shelter inflation in recent print was the most significant development for him. Said it will be appropriate for rate cuts later this year, but nothing locked in.
• DOJ yesterday, planned to issue notice of proposed rule making, to reclassify marijuana into a less restrictive category, from Schedule 1 to Schedule 3.
• Luxury brand Richemont, which owns Cartier, posts record full year sales and new CEO
• ECB’s Schnabel says that there is little chance of back to back rate cuts from ECB, even if the first rate cut comes in June.
• Uk’s Jeremy Hunt says that he will cut national insurance in Autumn if he is able to. Says conservatives will cut taxes if they win the election.