Last chance to invest in the Alts.co Equity Round

We're at 75% of our $250k goal and about to wrap up our equity raise next week.

Funds must be received by Sunday, June 30.

This is your last chance to invest in Alts.co at a $7.5m valuation.

Details

• Valuation: $7.5m

• Investment deadline: June 30

Resources

• ​View deck​

• ​Book a call

• Invest now​

• Nvidia's playing leapfrog, vaulting past Microsoft to become the world's most valuable company, pulling the rest of the market along with it.

  • The tech giant surged 3.5%, reaching a market cap of $3.34 trillion, up over 215% in the last 12 months.

  • S&P 500 rose 0.3% for its 31st record close of the year, while the Nasdaq hovered above the flatline for its 7th straight record close. The Dow edged up 0.2%.

• The Retail Sales Report missed expectations, rising just 0.1% in May, well below the 0.3% forecast.

• Amazon was fined $5.9 million by California regulators for violating the state's warehouse worker quota law nearly 60,000 times.

• Boeing CEO Dave Calhoun testified in front of the Senate Permanent Subcommittee on Investigations yesterday, facing criticism for safety lapses and alleged wrongdoing.

📈 Trends you need to know

Retail sales in the US edged up a 0.1% month-over-month in May 2024, following a downwardly revised 0.2% fall in April and below forecasts of 0.2%, in another sign consumer sentiment is cooling.

Sales at gasoline stations sank 2.2%, and furniture store sales were down 1.1%. Sales also declined at food services & drinking places (-0.4%) and food and beverage stores (-0.2%).

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Ideas, trends, and analysis

• A record 9,500 millionaires are expected to abandon the UK in 2024, more than double last year's figure.

• Nearly 70% of leaders say they would rather hire a less experienced candidate with AI skills than a more experienced person without them.

• A recent study found nonstore sales cover 34% of retail sales, compared to department stores, which plummeted to just 2.31%.

🌍 Global Perspectives

• 🇦🇺 🇨🇳 Chinese Premier Li Qiang visited a lithium processing plant in Western Australia as China pushes to secure critical minerals.

• 🇹🇭 Thailand's Senate passed the final reading of a marriage equality law, becoming the first country in Southeast Asia to recognize same-sex couples.

• 🇲🇾 Malaysia announced plans to join BRICS.

• 🇺🇦 🇷🇺 A Ukrainian drone strike caused a large fire in a fuel tank at an oil terminal in Russia's southern port of Azov.

• 🇺🇸 A dangerous heat wave is scorching parts of the Midwest and Northeast, with record-breaking temperatures forecasted across dozens of cities.

📊 Crypto

• Hashdex and Nasdaq filed an application for the first-ever dual Bitcoin and Ethereum spot ETF, weighted by market cap.

• Bitcoin drifted back under $65,000 for the first time in over a month.

• Ethereum staking protocol Renzo raised $17 million from Galaxy Ventures and Brevan Howard Digital Nova Fund.

🧠 Errata

• A Wyoming man's bid to run an AI bot for mayor has been rejected by state officials who say AI is ineligible for office.

• The James Webb telescope has revealed a long-studied baby star is actually stellar twins spewing tantrums.

• A year after the Titan tragedy, Triton Submarines plans a return trip to the Titanic to prove deep sea tourism can be safe.

That’s all for today. Did I miss anything? Smash the reply button to let me know.

Cheers,

Wyatt