Investing in Uranium. The next big thing or just a more explosive way to lose your money?
📰 Market Headlines
Wall Street treaded water, with major indexes barely budging as investors awaited potential market-moving catalysts.
The FCC proposed the first federal rule on AI-generated political ads, requiring disclosure of artificially created content in TV and radio spots. Like this one.
A US judge ordered Wells Fargo to face a lawsuit for conducting sham job interviews while claiming commitment to diversity.
Apple announced its AI models were trained on Google’s custom chips, showing Big Tech's shift from Nvidia for AI training.
Bitcoin surged past $69,000, nearing its all-time high, after former President Trump pushed a pro-crypto agenda. It settled back below $67,000.
🕶️ Market Vibes
🎰 Market Forecasts and Futures
😱 Fear and Greed Index
🎤 What you said last time
📈 Trends you need to know
More than one in five Americans expects to lose their job.
🧠 What do you think?
Is your job safe (over the next 12 months)
📊 Stocks
Get $20 free shares at public.com using code ALTSCO.
Winners and losers
Earnings, upgrades, and acquisitions
McDonald's reported a surprise 1% drop in global comparable sales, but its shares rose nearly 4% after it launched a $5 meal deal.
Philips saw Q2 profit surge, benefiting from insurance income related to Respironics claims as shares climbed 11%.
Tilray beat Q4 revenue and EPS estimates; shares jumped 9.84%.
Market movers
Nvidia released new software and services aimed at simplifying generative AI adoption for businesses.
The FDA approved Guardant Health's Shield blood test for colorectal cancer screening.
Southwest Airlines ended its 50-year-old open seating policy, pivoting to assigned seating.
Hewlett Packard Enterprise secured EU antitrust approval for its $14 billion acquisition of Juniper Networks.
Charter Communications agreed to pay a $15 million penalty to resolve an FCC investigation over violations of network outage notification rules.
Uber rolled out concurrent rides in India, allowing users to book up to three trips simultaneously for themselves or others.
Ideas, trends, and analysis
Sextortion scams targeting foreign victims surged 300%, while domestic cases dropped 86%, according to Homeland Security Investigations.
Vice President Kamala Harris' favorability rating jumped to 43% from 35% after President Biden's exit from the presidential race.
70% of employees braced for perceived impending layoffs despite a slight year-over-year downswing in actual layoff figures.
Gen Z college students increasingly reneged on job offers, with 6% of full-time offers declined in 2024, nearly double the 2021 rate.
🌍 Global Perspectives
🇻🇪 Protests erupted across Venezuela after President Maduro claimed victory, despite exit polls indicating a landslide opposition win.
🇺🇸🇺🇦 The US announced $1.7 billion in new military aid to Ukraine, including munitions for air defense systems, artillery, and anti-tank missiles.
🇿🇦 South Africa's ruling ANC party expelled former president Jacob Zuma after he pledged support for a rival party in the upcoming election.
🇲🇦 Morocco's King Mohammed VI ordered the release of three jailed journalists and pardoned 2,476 convicts.
🇷🇺 At least 140 people were injured in southern Russia when a passenger train carrying 800 people collided with a truck.
📊 Crypto
Bitcoin futures' open interest hit a record $39.46 billion.
El Salvador proposed using Bitcoin for trade with Russia to circumvent economic sanctions.
US spot Bitcoin ETFs saw $795 million in net inflows last week, marking the fourth consecutive week of positive inflows.
🧠 Errata
Thunderstorms caused flash flooding at Dollywood, injuring one person and leading to the park's temporary closure.
Physicists found that dark matter may be responsible for the "hydrogen forest" in the early universe.
A study claims complex life on Earth began 1.5 billion years earlier than previously thought.
A New Zealand woman was jailed for overfeeding her dog to death.
📺 What to Watch Today
Now offering log rides in the parking lot!
That’s all for today. Did I miss anything? Smash the reply button to let me know.
Cheers,
Wyatt
