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- ๐ฌ Another (economic) crash landing for Boeing
๐ฌ Another (economic) crash landing for Boeing
โฝ Plus, why do energy commodities suck so much in 2024?
How is AI impacting music investing? Weโre going to find out.
Traditional finance ๐ค Tokenization
In our previous explorations of the โbenefits and pitfalls of tokenizationโ, three things have become clear:
Traditional markets have limitations which tokenization can solve
Tokenization is earning trust and respect (Blackrock just โchanged their mindโ on it)
There are companies to pay attention to
One company to watch is โDiamond Lake Mineralsโ ($DLMI).
They started in 1954, but are now tokenizing assets across commercial real estate, music, tv, media, and IP, consumer products
How it works:
Their Security Token Offerings (STOs) allow for real-time settlements and improved transparency.
DLMI ensures that all investments are conducted on SEC-regulated platforms making it a safe and compliant way to enter the world of digital securities.
Investors can take advantage of tokenized assets and fixed-rate bonds, providing monthly payments or compounding interest.
Recent news:
DLMI is a publicly-traded security. Accredited and non-accredited investors can invest.
Learn more:
Have a question for CEO Brian Esposito?
๐ฐ Market Headlines
The Fed's rate cut aftermath takes center stage as markets brace for GDP and inflation reports.
The S&P 500, Dow, and Nasdaq all gained over 1.4% last week, with the S&P 500 hitting a new all-time high.
Thursday's Q2 GDP reading and Friday's PCE inflation data will gauge the strength of Powell's economic outlook.
California Governor Gavin Newsom signed a law banning plastic grocery bags starting in 2026.
Boeing machinistsโ strike entered week two, costing the company $50 million a day.
Cards Against Humanity sued SpaceX for $15 million over trespassing allegations.
๐ถ๏ธ Market Vibes
๐ฐ Market Forecasts and Futures
๐ฑ Fear and Greed Index
๐ค What you said last time
What you had to say:
โA stock based on personality instead of income, assets held, or other unique proprietary holdings is bound to fail.โ
๐ง What do you think?
Boeing is losing $50m a day while the new CEO shakes things up |
๐ Stocks
Get $20 free shares at โpublic.comโ using code ALTSCO.
Winners and losers
Earnings, upgrades, and acquisitions
Another week of earnings. Hereโs who to look out for:
Market movers
Boeing's Ted Colbert exited, with Steve Parker temporarily taking over space and defense.
Johnson & Johnson subsidiary filed for bankruptcy again, pushing a $10 billion talc settlement.
Googleโs Sundar Pichai announced a $120 million AI education fund.
Canada's Unifor ratified a General Motors labor deal with pay raises.
Healthy.io laid off 30% of its workforce across three countries.
Ideas, trends, and analysis
South Dakota's median household income soared 17%, the largest US increase.
Oil prices rose over 4% for the week, boosted by the Fed's rate cut and lower US supply.
Middle Eastern sovereign wealth funds, have ramped up AI investments, with funding increasing fivefold in the past year.
๐ Global Perspectives
๐ฑ๐ง๐ฎ๐ฑ Hezbollah fired over 100 rockets at northern Israel, declaring an "open battle" after an Israeli strike killed a top commander.
๐ฎ๐ท A gas explosion at an Iranian coal mine killed at least 31 and injured 16.
๐ช๐จ Ecuador cut power in 12 provinces for nine hours due to a severe drought impacting hydroelectric plants.
๐ฑ๐ฐ Sri Lankans elected Marxist-leaning Anura Kumara Dissanayake as president.
๐บ๐ฆ๐บ๐ธ Ukrainian President Zelenskiy arrived in the US to present his "victory plan" to President Biden.
๐บ๐ณ The UN adopted a "Pact for the Future" to tackle climate change and digital governance.
๐ Crypto
The SEC approved BlackRock's iShares Bitcoin Trust (IBIT) for options trading on Nasdaq.
A California judge ordered William Koo Ichioka to pay $36 million for crypto fraud.
Coinbase announced plans to expand its cbBTC token to Solana.
BlackRock viewed Bitcoin as a safeguard against a potential Federal Reserve crisis tied to the $35 trillion US debt.
dVIN Labs launched its $VIN token and airdropped $2 million in tokenized champagne to Solana Breakpoint attendees and Mad Lads NFT holders..
๐ง Errata
A boy abducted in 1951 was found alive on the East Coast after 70 years.
Mathematicians have discovered a new class of shape dubbed "soft cells."
Two NYC teens stole a subway train for a 50-foot joy ride before crashing.
๐บ What to Watch Today
Thatโs all for today. Did I miss anything? Smash the reply button to let me know.
Cheers,
Wyatt
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