·Confidence 90%
US Retail Sales Decline Amid Inflation Concerns Ahead of Midterms
Retail sales in the US fell significantly in July, raising concerns about consumer spending and its potential impact on midterm voter turnout amid inflation.
Market Performance
Live Changes %+0.23%Bitcoin
+1.72%Gold
+2.90%Silver
+2.86%Brent Oil
-0.12%US Dollar Index
-0.31%S&P 500
·Confidence 90%
Gabelli Equity Trust's Series G Preferred Stock Yield Surpasses 6.5%
Gabelli Equity Trust's Series G Preferred Stock yields over 6.5% as shares trade around $19.15, reflecting a quarterly dividend of $1.25.
·Confidence 85%
Cardano's Midnight Enters Beta Testing for Enhanced Privacy
Charles Hoskinson announces the beta testing of Midnight, a project aimed at improving blockchain privacy and interoperability, attracting enterprise interest.
·Confidence 80%
Dartmouth Endowment Reduces Crypto Exposure to $12 Million
Dartmouth's endowment cuts its crypto exposure by $2 million to $12 million, reflecting a strategic shift towards yield-generating staking ETFs amid market
·Confidence 90%
Rising Diesel Prices to Increase Harvest Costs This Season
Tom Kloza warns that high diesel prices, exceeding $5 per gallon, will significantly raise costs for this harvest season due to global oil market disruptions.
·Confidence 90%
Wells Fargo Boosts Strategy Inc. Stake by 150% to $185 Million
Wells Fargo's increased investment in Strategy Inc. signals rising institutional interest in Bitcoin-linked equities and evolving investment strategies.
·Confidence 90%
SharpLink to Stake $200 Million in Ethereum via Lido
SharpLink will stake approximately 12% of its Ethereum holdings, totaling $200 million, through Lido's wstETH to earn yield in DeFi.
·Confidence 90%
Stellar Welcomes MoneyGram and Others as Tier 1 Validators
Stellar's network resilience improves with the addition of MoneyGram, Figure, and Range as Tier 1 validators, highlighting its expanding role in regulated
·Confidence 90%
Dartmouth Endowment Reduces Crypto Holdings by $2 Million
Dartmouth's endowment sees its crypto investments decline by $2 million, with current holdings valued at approximately $12 million across major ETFs.
·Confidence 90%
Cboe applies for first US 3x Bitcoin and Ether ETFs
Cboe has submitted a request to the SEC for approval of the first U.S. 3x Bitcoin and Ether ETFs, following their launch in Europe by LeverageShares.
·Confidence 90%
Reddit Gains 10.7% Following S&P 500 Inclusion Announcement
Reddit's stock surged 10.7% as the company announced its inclusion in the S&P 500, marking a significant milestone for the platform.
·Confidence 90%
Payward Reports 17% Revenue Growth Amid Falling Trading Volume
Payward, the parent company of Kraken, saw a 17% revenue increase in Q2, driven by a 42% rise in funded accounts despite declining crypto trading volumes.
·Confidence 90%
Cipher Digital Stock Rises 7% Following Governor's Audit Support
Cipher Digital shares increased by 7.37% after CEO Tyler Page endorsed Texas Governor Abbott's data center audit mandate on August 10.
·Confidence 80%
NEAR AI Surpasses 500,000 Tokens Staked for AI Compute
NEAR's innovative staking model for AI compute has crossed 500,000 tokens, potentially transforming AI service monetization and offering a sustainable payment
·Confidence 80%
Michael Burry Exits Tesla Short Position After 20% Drop
Investor Michael Burry has closed his short position in Tesla, reflecting the volatility in tech stocks and its impact on investor strategies.
·Confidence 85%
US Retail Sales Drop Signals Slowing Consumer Confidence
US retail sales experience their largest decline in over a year, indicating a slowdown in consumer confidence, while oil prices rise amid geopolitical tensions.
·Confidence 90%
Chevron Sees Significant Options Activity on Friday
Chevron Corporation experienced notable options trading today, with over 57,000 contracts exchanged, indicating strong market interest in the stock.
·Confidence 90%
Rokos Capital Extends Investor Redemption Period to Three Years
Rokos Capital Management has increased its investor redemption period to three years, indicating a potential shift towards more patient investment strategies
·Confidence 80%
Broadcom Shares Decline Nearly 7% on AI Revenue Worries
Broadcom's stock fell nearly 7% as concerns about revenue growth and margin pressures in the competitive AI chip market come to light.
·Confidence 80%
Semiconductor Stocks Set for Best August in Two Decades
The semiconductor sector is on track for its best August in over 20 years, driven by AI growth and reflecting the volatility of tech markets.