Apple Retail Workers Strike

And, Toncoin gets Notcoin jump.

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Today is Monday, May 13, 2024.

The Early Bird Index today is 70.88.

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Crypto Theft Surges - How to Protect Your Crypto

Cryptocurrency thefts increased 54% in the first three quarters of 2024, according to a new report from Hack3d.

Details: The report showed that private key compromises were particularly vulnerable to attacks.

Bigger Picture: The general public is becoming more educated and comfortable with cryptocurrencies. There are many bad actors who are frighteningly aware of that and they’ll be looking for new victims entering the marketplace. 

Solution: Use CryptoLaptops™ from Calix Solutions, which are designed to buy, sell, and store cryptocurrencies in a safe and secure manner.

Apple Retail Workers Strike

Just when you thought that 2024 couldn’t get any more difficult for Apple (Nasdaq AAPL), the technology giant now faces a potential labor challenge.

Details: On Saturday, the union representing workers at a Maryland Apple Store voted in favor of authorizing a strike. 

  • The workers said that they were frustrated by unresolved workplace issues, including unpredictable scheduling practices and lower wages.

Bigger Picture: This is the first time that Apple’s retail employees voted to authorize a strike.

Background: Apple has faced several challenges in 2024. The company canceled its electric car product. iPhone sales are slumping. And its AI product is nowhere to be found.

Stock Price: Apple is down 1.4% as other tech stocks have jumped in 2024.

Final Thoughts: Let’s see how investors react to this latest Apple challenge on Monday.


Notable Earnings Today: StoneCo (Nasdaq: STNE), Tencent Music (NYSE: TME), Huya (NYSE: HUYA), Paysafe (NYSE: PSFE), Agilysys (Nasdaq: AGYS), Allogene Therapeutics (Nasdaq: ALLO), American Healthcare REIT (NYSE: AHR), Bitfarms (Nasdaq: BITF), D-Wave Quantum (NYSE: QBTS), Dingdong (NYSE: DDL), Fortrea Holdings (Nasdaq: FTRE), Inovio Pharmaceuticals (Nasdaq: INO), Legend Biotech (Nasdaq: LEGN), NET Power (NYSE: NPWR), QuickLogic (Nasdaq: QUIK), Terawulf (Nasdaq: WULF), Vaxart (Nasdaq: VXRT), Virtru (Nasdaq: VTRU). 

Notable IPOs Today: Black Hawk Acquisition Corporation Class A Ordinary Shares (Nasdaq: BKHA).

Notable Equity Crowdfunding Campaigns Ending Today: The Place Above the Notch (Mainvest).

Notable Economic Events Today: NY Fed 1-Year Consumer Inflation Expectations (11:00 a.m. ET).

Toncoin Jumps Before Notcoin Release

Source: TON

As most cryptocurrency prices remained stagnant this past week, Toncoin managed a nice gain.

Price: Toncoin jumped 16% in the last 7 days. It also ticked up 1% on Sunday.

Zooming Out: The price for Bitcoin has been flat in the past week.

Powering the Story: The TON Blockchain, which powers Toncoin, is welcoming the launch of a Telegram social click game called Notcoin on May 16. Over 34 million players have already signed up and mined virtual Notcoins before the launch.

Background: Notcoin was anticipated to launch last month, but there were some delays.

Bigger Picture: The launch of Notcoin this week is increasing the demand for Toncoin, which explains why the price is up as other crypto prices are ticking down.

Final Thoughts: Notcoin has been good for Toncoin so far. We’ll see if the momentum can last.

Ethereum Continues Spring Slump

The price of Ethereum fell 1.50% on Sunday, another day in the red for the popular cryptocurrency.

Final Thoughts: In the last 60 days, Ethereum is down 25%.

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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.