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📰 Market Headlines
Markets rallied yesterday as investors digested President Biden's surprise exit from the 2024 race.
The S&P 500 gained 1% while the Nasdaq jumped 1.6%, both coming off their worst weekly losses since April.
Vice President Kamala Harris shattered fundraising records, raising $81 million haul in just 24 hours.
Cloud security startup Wiz declines Google's $23 billion acquisition offer, opting for an IPO instead.
Google abandoned plans to phase out third-party cookies in Chrome and introduced new user privacy controls instead.
🕶️ Market Vibes
🎰 Market Forecasts and Futures
😱 Fear and Greed Index
🎤 What you said last time
📈 Trends you need to know
Canada is going through a rough patch. How long until the problem reaches America?
🧠 What do you think?
Best nickname for Canada
📊 Stocks
Get $20 free shares at public.com using code ALTSCO.
Winners and losers
Earnings, upgrades, and acquisitions
Cleveland-Cliffs reported Q2 revenue, missing estimates; shares climbed 3%.
SAP beat Q2 estimates; shares surged nearly 5%.
Verizon missed Q2 revenue estimates at $32.8 billion, dropping shares 7%.
Truist Financial jumped 4.4% after earnings report beat Q2 EPS estimates.
Nucor topped Q2 expectations, but shares slipped 1%.
Zions Bancorporation beat Q2 EPS estimates, rallying shares 3.7%.
Market movers
Warner Bros. Discovery's TNT network matched a bid to retain NBA broadcasting rights.
Nvidia prepared a version of its new flagship AI chip for the Chinese market.
Intel identified a microcode issue causing instability in some 13th/14th Gen desktop processors. A patch release is planned for mid-August.
Ryanair extended its $5 meal deal through August at most US locations after 93% of restaurants voted in favor.
Big Lots closed three Connecticut locations.
Meta's 2022 mass layoff severance agreements were ruled illegal, impacting 7,236 former employees.
Ideas, trends, and analysis
Vice President Harris outperformed President Biden against former President Trump in recent polls among women, independents, and younger voters.
Global renewable energy capacity surged 50% in 2023.
Canadian small businesses faced a bankruptcy surge, with insolvencies jumping 38% in 2023.
Sam Altman's basic income study found recipients spent most of the extra $1,000 monthly on food and rent.
🌍 Global Perspectives
🇮🇱 Israel's parliament voted to label the UN relief agency for Palestinians a terrorist organization.
🇨🇦 Veteran anti-whaling activist Paul Watson was arrested in Greenland and faces possible extradition to Japan.
🇹🇼 Taiwan started its annual war games, aiming to closely mimic actual combat scenarios.
🇸🇰 Slovakia received its first two of fourteen new F-16 fighter jets to replace Russian-made planes donated to Ukraine.
🇵🇦🇨🇷 A magnitude 5.7 earthquake struck the Panama-Costa Rica border region.
🇪🇹 At least 50 bodies were pulled from the mud following two landslides in southern Ethiopia.
🇮🇱🇵🇸 Israel sent tanks back into the Khan Younis area of Gaza, killing at least 70 Palestinians.
📊 Crypto
SEC approved the first spot Ethereum ETFs to start trading on July 23.
US Bitcoin ETFs hit a record $17 billion in net inflows.
Hong Kong launched Asia's first inverse Bitcoin ETF.
Superstate introduced a tokenized fund using the "cash and carry" strategy.
🧠 Errata
Scientists discovered dark oxygen being produced 13,000 feet below the ocean surface.
A man made a site to shame airlines after his girlfriend's luggage vanished.
📺 What to Watch Today
Gulp
That’s all for today. Did I miss anything? Smash the reply button to let me know.
Cheers,
Wyatt
