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- ๐ DJT helps send BTC above $94k
๐ DJT helps send BTC above $94k
๐ฆพ While Nvidia beats earnings and forecasts
Yesterday, I spent my afternoon investigating a global cognac counterfeiting ring that generates nearly $1 billion in revenue every year while destroying 9% of a countryโs export market.
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๐ฐ Market Headlines
Markets wobbled Wednesday as investors awaited Nvidia's earnings.
The Dow Jones gained 0.3%, the S&P 500 and Nasdaq ended nearly flat.
Bitcoin surged past $94,000 to hit a new all-time high as President-Elect Donald Trump fueled crypto optimism.
NASA chose SpaceX and Blue Origin to deliver moon cargo, including rovers and habitats, by 2032.
Nvidia nearly doubled its revenue year over year and easily beat expectations for sales and earnings while delivering a better-than-expected forecast for the current quarter. Investors were unimpressed, sending shares 2% lower.
๐ง Make yourself heard
Australia has introduced a social media ban for children under the age of sixteen.
Should American ban social media for kids? |
๐ถ๏ธ Market Vibes
๐ฐ Market Forecasts and Futures
๐ Ideas, trends, and analysis
Defense company stocks are on the rise after DJTโs election victory.
๐ Worth Checking Out
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๐ฑ Fear and Greed Index
๐ Winners and losers
Get $20 free shares at โpublic.comโ using code ALTSCO.
Earnings, upgrades, and acquisitions
NIO announced plans to double sales in 2025; shares retreated after mixed Q3 results.
Palo Alto Network beat Q1 estimates but shares tumbled after guidance disappointed.
Snowflake announced an AI partnership with Anthropic; shares surged 15%.
Target missed earnings; shares plunged 21% to a 52-week low.
TJX beat earnings estimates; shares slid after holiday quarter guidance fell short.
Market movers
Marriott announced plans to eliminate 833 positions at its Bethesda HQ by January 2025.
Googleโs antitrust loss may end $20 billion in annual payments to Apple for iPhone search.
Comcast spun off NBCUniversalโs cable networks into a separate publicly traded entity to focus on higher-growth areas.
Jaguar launched a rebranding campaign that raised some eyebrows.
Boeing said it would cut 2,000 jobs in Washington and Oregon, reducing its workforce by 10%.
๐ Global Perspectives
๐ฌ๐ง๐ฒ๐ฉ Britain and Moldova signed a ยฃ7 million deal for cybersecurity and health grants.
๐จ๐ณ๐ง๐ท China and Brazil sealed nearly 40 infrastructure, energy, and agribusiness agreements.
๐ป๐ช๐บ๐ธ The US recognized Edmundo Gonzรกlez as Venezuela's president-elect after a disputed election.
๐ฏ๐ต๐จ๐ณ Japan demanded answers after China violated its airspace with a military plane.
๐จ๐ฉ The Southern African Development Community extended its Congo military mission for a year.
๐ฎ๐ณ Billionaire and chair of the Indian conglomerate Adani Group, Gautam Adani, was indicted in the U.S. on Wednesday for an alleged scheme to pay hundreds of millions of dollars in bribes
๐ Crypto
Coinbase Wallet launched 4.7% APY rewards for USDC holders.
FTX co-founder avoided prison by aiding in the $11 billion fraud case.
BIS reported institutional traders lead Uniswap liquidity pools.
Societe Generale brought its EURCV stablecoin to XRP Ledger for faster transactions.
This Stock is Up 220% and Primed for the Next Breakout
Bank of America analysts predict gold will hit $3,000 by 2025 โ and this hidden gold stock is set to benefit.
With gold's post-election dip, now could be a good opportunity to consider adding to your portfolio. Savvy investors understand the value of holding gold and gold stocks.
This stock has made impressive gains in recent years, and with insiders continuing to buy, it's one to keep on your watchlist.
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๐ค What you said last time
What you had to say:
โTo give a good answer I'd need to a lot of research.. but it would differ by region, so may as well let the states choose.โ
๐ง Errata
Colorado hikers will soon find poop bags for humans on mountain trails.
A perfectly preserved saber-tooth cat mummy was discovered in Siberia.
Lab rats learned to drive and now look forward to their driving sessions.
Solar Orbiter captured the most detailed sun images ever.
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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