How do you invest in the middle of nowhere?
Patented, research-backed stress-relief
It uses a combination of vibrations and sound to stimulate the vagus nerve and destress your nervous system in just 10 minutes.
Sensate is raising $3.5m:
Innovative tech: Utilizing infrasonic therapy, Sensate stands out with its patented, unique approach.
Off to a great start: Since launching in 2019, Sensate has generated $15 million in revenue.
Proven demand: Sensate has 50,000 users, who have logged over sixty million minutes of use, or about 1,200 minutes per user.
High-growth market: The wearable wellness device market is expected to hit $69 billion by 2028, with a CAGR of 13.8%.
Learn more:
Read our deep dive analysis on the company and product
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📰 Market Headlines
The tech sector's rally crumbled as weak economic data sparked a broad market sell-off, erasing Fed-driven gains.
The Nasdaq tumbled 2.3%, while the S&P 500 fell 1.4%. Chip stocks led the decline, and Arm Holdings sank 15%.
The 10-year Treasury yield dropped below 4% for the first time since February as jobless claims hit an 11-month high.
Intel announced plans to cut over 15% of its workforce, suspend its dividend, and reduce costs by $10 billion as part of a turnaround effort.
A prisoner swap between Russia and the US freed 16 people, including Wall Street Journal reporter Evan Gershkovich and former US marine Paul Whelan.
China is edging out the USA in golds, but America is cruising to an overall medals win in Paris. France is dominating swimming and pretend sword fighting.
🕶️ Market Vibes
🎰 Market Forecasts and Futures
😱 Fear and Greed Index
🎤 What you said last time
What you had to say:
“While smashing planes into the ground and giving passengers a unique view from an open door in flight is a bold strategy, I think they’re sorting it. Hope so, as I’m flying the 737 max 6 times in the next two months ”
📈 Trends you need to know
I don’t think the Soviet Union is likely to catch the USA.
🧠 What do you think?
America edged out China for golds, and the 2020’s hosts nicked third last time around.
Who will get the most gold medals in 2024?
📊 Stocks
Get $20 free shares at public.com using code ALTSCO.
Winners and losers
Earnings, upgrades, and acquisitions
Roku beat Q2 revenue estimates; shares jumped 5.9%.
Amazon projected Q3 revenue below estimates, tumbling shares over 6% despite Q2 profit beating expectations.
Apple topped Q3 expectations, but shares fell 1.95%.
Coinbase Q2 earnings plunged in Q1; shares gained 1.7%.
Booking Holdings dipped 1% despite reporting strong Q2 earnings.
Canada Goose Q2 earnings missed expectations as luxury apparel sales slowed. Shares fell by 3.5%.
Crocs reported solid earnings, but shares dropped 2.3%.
Moderna reported a drop in Q2 revenue, and shares plummeted 5.2%.
SiriusXM met expectations with steady subscriber growth, but shares slid by 1.7%
Market movers
Elon Musk and X was sued by Former CNN anchor Don Lemon for $1.5 million over a canceled content deal.
The FTC launched a probe into major grocery chains, investigating why prices remain high as retailer costs fall.
The London Metal Exchange listed Saudi Arabia's Jeddah port for copper and zinc delivery, its first new location since 2018.
Apple filed a motion to dismiss the DOJ's antitrust lawsuit, claiming the government wants to "sanction a judicial redesign" of the iPhone.
Amazon halted new sign-ups for seven cloud services.
Ideas, trends, and analysis
A new study found that self-driving cars have not yet been proven to be safer than human drivers.
Stanford University led US colleges with 37 athletes in the 2024 Olympics.
Nearly half of insured Americans faced surprise medical expenses in the past year.
🌍 Global Perspectives
🇳🇬 Thousands of Nigerians protested against the country's worst cost-of-living crisis in a generation, with inflation soaring to 34%.
🇧🇷 Fires in Brazil's Amazon rainforest for July surged to the highest in two decades, with 11,434 fire hotspots detected.
🇺🇦 🇷🇺 Fresh Russian advances in eastern Ukraine forced locals to flee from embattled towns like Toretsk.
🇦🇶 Antarctic temperatures rose 10°C above average in a near-record heatwave, reaching 28°C above expectations on some days.
📊 Crypto
DeFi protocol Convergence got hacked, with attackers minting 58 million CVG tokens.
Crypto.com surpassed Coinbase in trading volume, reaching $3.16 billion in 24 hours.
Large Bitcoin holders added over 84,000 BTC worth $5.4 billion in July, the highest monthly accumulation since October 2014.
Montenegro's court ruled to extradite Terraform Labs co-founder Do Kwon to South Korea, rejecting the US request.
🧠 Errata
Instagram's new AI chatbots, created with Meta's AI Studio, are reportedly helpless romantics.
Flying cars can now be registered to drive in Minnesota.
A Connecticut man ended up in a coma after trying to help a rare timber rattlesnake cross the road.
A new study on the protein Reelin suggests it could help protect brains against aging and Alzheimer's.
📺 What to Watch Today
That’s all for today. Did I miss anything? Smash the reply button to let me know.
Cheers,
Wyatt
