S&P 500, Nasdaq, Dow futures hit pause near records amid hopes for US-Iran talks

⚖️ SEC eliminates $25,000 pattern day trader rule in retail trading overhaul

The SEC on April 14 approved FINRA's proposal to eliminate the $25,000 minimum equity requirement for pattern day traders.

This removed one of the most persistent barriers to retail market participation.

The decision also removes the "pattern day trader" designation, a classification that flagged any customer who executed four or more day trades within five business days. Yahoo Finance reports.


🧠 The market is bullish again, but it's 'not a close-eyes-and-buy' market

The S&P is knocking on the door of the 7,000 mark.

Banks, the vanguard of corporate earnings, are posting profit beats, and the latest inflation reading from producers came in better than expected.

What's not to like?

Last week, there was plenty, apparently.

The war might be on the verge of another diplomatic breakthrough, with chatter of another round of talks in Islamabad, and investors are grappling with the fallout. Yahoo Finance reports.


🛰️ Amazon's $11.6 billion Globalstar buy is 'strategic positive' for satellite dominance

BNP Paribas analyst Nick Jones views Amazon.com Inc's planned ~$11.6 billion acquisition of Globalstar, Inc as a strategic move that strengthens its satellite ambitions while remaining financially manageable given Amazon's scale.

Jones noted the deal accelerates Amazon Leo's commercialization by adding direct-to-device capabilities and leveraging Globalstar's spectrum and infrastructure.

He added that the Apple Inc partnership, including satellite connectivity for iPhone and Apple Watch, validates demand and positions Amazon more competitively in satellite communications. Benzinga reports.


🎮 Allied Gaming & Entertainment and Knighted Pastures announce comprehensive resolution and strategic path forward

Allied Gaming & Entertainment Inc. (“Allied” or the “Company”) and Knighted Pastures LLC (“Knighted Pastures”) today announced that they have reached a comprehensive and mutually agreed resolution of all outstanding matters between the parties, bringing full closure to prior legal proceedings.

In connection with the resolution, the parties have executed a term sheet setting forth the overall framework of the resolution.

The resolution includes a mutually agreed-upon framework addressing the recent Delaware court award of attorneys’ fees to Knighted and reflects a constructive outcome that both parties believe is in each of their best long-term interests. Globe Newswire reports.


☀️ Exclusive-China weighs curbs on exports of solar manufacturing equipment to US

Chinese officials have held initial talks with providers of equipment to make solar panels as they consider limiting exports of the most advanced technology to the United States, said five people with knowledge of the consultations.

Such a clampdown would risk investments by U.S. firms and set back a race for space-based computing, as China, estimated to make more than 80% of the world's solar panel components, is also home to the top 10 suppliers of equipment to make solar cells.

No rule has been finalised, and the talks have not advanced to the stage of canvassing formal feedback from an industry grappling with severe overcapacity after years of aggressive expansion, two of the sources said. Yahoo Finance reports.

Time (ET)/ Report/ Period

8:30 AM - Import price index - March
8:30 AM - Import price index minus fuel - March
8:30 AM - Empire State manufacturing survey - April

“The desire for constant action irrespective of underlying conditions is responsible for many losses.”

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Sourced in: Reminiscences of a Stock Operator — GoodReads.

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