Recently, the New York State Teachers Retirement System revealed in a Securities and Exchange Commission (SEC) filing that it sold 16,179 shares (4.2% of stake) during Q4 2022, resulting in its ownership of 373,399 shares, worth $11.3m, in Fox Co. FOXA stocks painted a bullish trend in the past year, until now. This move may come as a surprise to some, but it mirrors the calculated decisions institutional investors make; after all, New York State Teachers Retirement System needs to calibrate its portfolio often. Meanwhile, insider Viet D. Dinh sold 72,207 FOX shares in February at an average price of $35.91, totaling to $2.59m. Though this may signal a negative sentiment towards the company's financial health, it can be viewed positively as investors remain engaged.

FOXA stocks opened at $33.94 last Friday, with a peak of $40.12 in the past few weeks. Investors should keep a close watch on further developments and consider their options, while factoring in personal financial goals and market trends.

Investors are concerned that the Federal Reserve may increase interest rates to cool inflation, leading to a dip in US stock futures on Monday. The broader earnings season has been solid, thanks to better-than-expected profits from the biggest US banks, including JPMorgan. However, Refinitiv forecasts predict collective S&P 500 earnings are likely to fall by 4.7% from last year to a share-weighted $421.0 billion. Coca-Cola and First Republic were the first companies to release earnings reports today, followed later in the week by Microsoft and other big tech firms. Benchmark 2-year Treasury note yields were little-changed from their Friday close at 4.15% in overnight trading, while 10-year paper was changing hands at 3.535%. These high interest rates, fuelled by inflation concerns, are affecting other markets, with Credit Suisse revealing investors pulled 61.2 billion Swiss francs ($68.6 billion) in assets in the first quarter. Struggling regional banks like First Republic suffered the worst, with shares sinking 22.31% in overnight trading.

CrossFirst Bankshares, Inc. (Nasdaq: CFB) has announced a definitive merger agreement with Canyon Bancorporation, Inc. The merger will involve the combination of Canyon with and into CrossFirst, and Canyon's bank subsidiary, Canyon Community Bank, N.A., merging with and into CrossFirst Bank ("CFB Bank") via a stock and cash transaction. With total loans of $122 million and total deposits of $169 million as of March 31, 2023, Canyon Bank operates one banking location in Tucson, Arizona. The merger will expand CFB Bank's presence in Arizona, with a strategic presence in Tucson adding to its existing presence in the metro Phoenix market. Canyon shareholders will receive a combination of cash and CrossFirst common stock as consideration for their shares of Canyon common stock, with an estimated aggregate transaction value of $15.1 million based on the current CrossFirst stock price. The transaction is expected to close in H2 2023, subject to approval by bank regulatory authorities and other customary closing conditions.

First Republic Bank's stock price saw a significant increase of 12% on Wednesday after a big peer in its sector posted some impressive quarterly results. Western Alliance Bancorporation's first-quarter numbers highlighted the concern many investors have with deposit bases at regional banks. Western Alliance's deposit base has risen by 6% since the end of March, a shift from what many had feared would happen due to the bank's high exposure to the tech industry. As one of the banks in a similar position, First Republic Bank experienced a boost in its share price after the news broke. Financial experts say it doesn't appear the banking industry is facing a significant crisis right now, thus reports of increased deposit bases are more helpful to investors. Although First Republic's one-day surge is notable, it is worth noting that earlier this week, Republic First Bancorp's (FRBK) shares closed at $1.22 and are down -$0.04 during pre-market trading.

Elon Musk, the billionaire CEO of Tesla, SpaceX, and Twitter, recently shared his thoughts on inflation and the role of the government in controlling the economy. During an appearance on Tucker Carlson's show, Musk argued that inflation occurs when the government increases the money supply, which reduces the value of the currency. However, he also asked a rhetorical question - if printing more money could be done without negative consequences, why not make everyone a trillionaire? Musk's comments have sparked a debate about the role of the government in controlling inflation and stimulating the economy.

While Musk argues that printing more money can make everyone a trillionaire, history has shown that this approach can lead to disastrous consequences. For example, Venezuela's hyperinflation is attributed to the government printing too much money to pay for social programs and other expenses. It is important for governments to strike a balance between stimulating the economy and controlling inflation. Musk also discussed the challenges of lithium refining and the supply chain for electric vehicles during Tesla's Q1 2023 earnings conference call. He expressed a desire for other companies to invest in and develop lithium refining to ensure a steady supply. As Tesla continues to invest in and develop new technology, Musk's comments offer insight into the potential trade-offs and concerns in the pursuit of innovation.

Alec Martinez scored a shorthanded goal, blocked two shots, and had a plus-3 rating in the Vegas Golden Knights' 3-1 victory over the Seattle Kraken. Martinez finished the NHL regular season with the most blocked shots in the league, recording 244 in 77 games, 46 more than his teammate Brayden McNabb. The 35-year-old defenseman had a quiet offensive season with only three goals, but his strong defensive presence and solid plus-minus rating of 30 make up for it. Additionally, Martinez is a two-time Stanley Cup champion and has 30 points in 103 post-season games. The Golden Knights finished the season second in the Pacific Division, with a record of 50-27-5, and will face off against the St. Louis Blues in the first round of the playoffs.