Daily Brew // Morning Brew // Update
How Starbucks botched a big promotion...
Advertisement Advertisement

Howdy. In its first World Cup match yesterday, tiny island chain Cape Verde shocked soccer fans everywhere by playing powerhouse Spain to a 0–0 draw. To celebrate, we plan on giving our dads a tie on Father’s Day.

Sam Klebanov, Matty Merritt, Molly Liebergall, Neal Freyman, Abby Rubenstein

In today’s newsletter, we’ll get into:

  • Anthropic’s efforts to convince the US its advanced models are safe
  • Britain banning kids from social media
  • Starbucks South Korea’s big PR flub

MARKETS

Nasdaq

26,683.94

S&P

7,554.29

Dow

51,671.03

10-Year

4.469%

Bitcoin

$66,413.08

SpaceX

$192.50

Data is provided by

*Stock data as of market close, cryptocurrency data as of 6:00pm ET. Here's what these numbers mean.

  • Markets: The vibes were good as Wall Streeters started a short week yesterday, with stocks soaring as oil fell amid optimism that the deal struck between the US and Iran would end the hostilities impacting the global economy. The Dow clinched a new record, the Nasdaq had its best day since the end of March, and SpaceX continued reaching for the stars following its triumphant debut last week.
 

Markets Sponsored by MFS Investment Management

Portfolio architects are the new stock pickers. And with SMAs and active ETFs surging, tax efficiency is the new alpha. Complex vehicles need expert guidance. Don’t let taxes erase your gains. Learn more.