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- ๅฒ Walmart put JD.com on rollback
ๅฒ Walmart put JD.com on rollback
๐ฎ And an $83m Alts Hedge Fund is getting investigated by the SEC
Wyatt from Alts
22 Aug
Have you heard of the company that (allegedly) used $16 million worth of fake money to invest in a fake Estonian company?
In the world of big data, less is more
As the volume of data generated by generative AI and IoT devices grows, companies struggle to handle the onslaught.
They try to maintain a balance between reducing data size and preserving quality and speed, but it doesn't always work:
Spotify faces challenges due to its vast library and a desire to hear music in high quality
Apple's iCloud photo library faced user backlash as their compaction resulted in lower resolution and quality of stored images
Most recently, Elon Musk's live interview with Donald Trump crashed X servers, leaving millions unable to listen
โAtombeamโ has developed a groundbreaking approach to data compaction that reduces data size by up to 75% without any loss of information.
Data compaction is critical to efficiently process big data.
Why Invest in Atombeam?
High demand: With the explosion of IoT devices and big data, efficient data handling is more critical than ever.
Government contracts: AtomBeam was awarded two Phase II contracts totaling $2.4 million from the US Space Force and Air Force Research Laboratory to develop Neurpac for use in military satellites and aircraft
Patents: AutoBeam holds 50 issued and allowed patents, and 62 more pending.
Scalability: AtomBeamโs technology is a force multiplier for machine data communications, enabling up to 2-4x more data to be sent over existing networks
Atombeam has raised $4.5m, and you can โinvest in their latest roundโ starting at $648โ
You should read the โOffering Circularโ and โRisksโ related to this offering before investing. This Reg A+ offering is made available through StartEngine Primary, LLC, member FINRA/SIPC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
๐ฐ Market Headlines
Stocks climbed as Fed minutes hinted at a likely September rate cut if inflation continues to cool.
The S&P 500 and Nasdaq rose 0.4% and 0.6%, respectively, on Wednesday, resuming their upward trend.
New data revealed 818,000 fewer jobs than initially reported in March 2024, suggesting earlier labor market cooling.
The euro hit its highest level against the dollar this year, rising 2.5% in August.
Microsoft adjusted its reporting structure to enhance transparency, showing a 19% increase in cloud consumption revenue in the latest quarter.
๐ถ๏ธ Market Vibes
๐ฐ Market Forecasts and Futures
๐ฑ Fear and Greed Index
๐ค What you said last time
Wow, zero people think itโs returning to how it was.
What you had to say:
โIt's proved - for some jobs. Those guys are never going back to the office.โ
๐ Trends you need to know
The dollar has hit a one-year low against the Euro, but that doesnโt seem to have stopped American tourists from flocking to the Old World this summer.
๐ง What do you think?
Your next international holiday will be to |
๐ Stocks
Get $20 free shares at โpublic.comโ using code ALTSCO.
Winners and losers
Earnings, upgrades, and acquisitions
Earnings season marches on with a fresh batch of reports. Hereโs the lineup:
Snowflake trounced Q2 estimates, yet its share price fell 6.7%.
Urban Outfitters beat expectations, with stocks jumping 5.2%.
Zoom flew past Q2 forecasts; shares climbed 1%.
Macy's missed on revenue, plummetting shares 8.6%.
TJX posted strong Q2 results that surged stock prices nearly 6%.
Synopsys synthesized a Q3 beat; shares jumped 1.3%.
Target topped Q2 estimates; the stock skyrocketed 11%.
Market movers
OpenAI opposed California's AI bill SB 1047, warning it would stifle innovation and drive talent away.
Lingo Telecom was fined $1 million for AI-generated robocalls that mimicked the voice of President Biden.
Walmart offloaded its entire $3.74 billion stake in JD.com.
Medium turned its first-ever profit in August, thanks to better content curation and moderation.
Citigroup updated its quarterly report with reorganization details after an SEC probe on its $136 million fine.
Ideas, trends, and analysis
Homebuilders' advantage waned as inventory rose 23.4% year-over-year.
Target reported a 50% drop in theft-related losses after introducing advanced security measures and redesigning store layouts.
The dollar hit a one-year low post-jobs data; with a 33% chance of a 50 bp Fed rate cut.
๐ Global Perspectives
๐ฒ๐ฝ Mexican judges and magistrates joined a strike against President Lopez Obrador's judicial reform.
๐ต๐พ ๐จ๐ณ Paraguay's President Pena expressed openness to trade deals with China via Mercosur, despite ties with Taiwan.
๐ป๐ช Latin American mediation in Venezuela stalled as Maduro solidified control after a disputed election.
๐ฑ๐ง ๐ฎ๐ฑ Hezbollah fired more than 50 rockets and drones at northern Israel, hitting homes in the Golan Heights.
๐บ๐ฆ ๐ท๐บ Ukraine launched one of its largest-ever drone strikes on Moscow, with Russia claiming it destroyed 11 drones.
๐ฌ๐ท ๐พ๐ช A Greek-flagged oil tanker was set ablaze in the Red Sea after repeated attacks, likely by Yemen's Houthi rebels.
๐ Crypto
๐ง Errata
Oxford police asked drivers to avoid an area after a delivery truck spilled dozens of beer cases.
Sam the cat reunited with his owner after an 11-year adventure.
Starbucks' new CEO to commute by jet 1,000 miles thrice weeklyโseems reasonable.
A rarely seen deep sea fish was spotted floating dead on the ocean, and marine biologists are abuzz.
๐บ What to Watch Today
Not sure my first thought would be, โLetโs put it on a boogie board.โ
Thatโs all for today. Did I miss anything? Smash the reply button to let me know.
Cheers,
Wyatt
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