Stock Market Nerd – Market Headlines – April 06, 2024

Third-Party Content. Provided for informational purposes only. Not investment advice or a recommendation to buy or sell any security. See disclosure here.

Apple (AAPL) is pursuing a home robotics assistant following the scrapping of its Apple Car plans. It also debuted a new AI model (called ReALM) that supposedly outperforms GPT-4 in certain use cases.

Shopify (SHOP) added Serena Williams and her brands as a new client this week. As leadership consistently tells you, businesses (even Fortune 500 brands) like to follow the “cool kids.” Celebrities don’t lead to a direct revenue explosion, but they do augment brand consideration for companies pursuing commerce evolutions. Serena is just another cool kid on Shopify’s roster. Not monumental; not irrelevant.

PayPal’s (PYPL) stablecoin is now live on Xoom with no fees, as expected. PayPal Ventures took part in a small funding round for a Southeast Asian marketing commerce firm called SingleInterface.

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