The richest 20% are buying most of the new cars sold in the U.S.
The AIfueled bull market in stocks has shifted U.S. car sales into a higher gear — and the richest Americans are doing most of the buying. Source:MarketWatch
Bitcoin coils at $64K as Hormuz reopening timeline sends S&P 500 to $70T record
Bitcoin built on $64,000 as hopes of the Strait of Hormuz reopening to oil traffic sent the S&P 500 index to a record $70 trillion market cap.…
Bessent defends Warsh, saying markets are going through ‘detox’ from too much Fed guidance
The Treasury secretary questioned the need for an interestrate hike. Source:MarketWatch
Stocks could soar in August. Here are six potential drivers.
Tom Lee, head of research at Fundstrat, outlined the reasons he thinks stocks could reach a new high this month. Source:MarketWatch
Palantir is leaving its software peers behind in the AI race
The company’s focus on sovereign AI is resonating with customers, analysts say. Source:MarketWatch
Job openings fell to a 3-month low. Is the labor market losing momentum?
After a burst of new job openings and hiring in the spring, the U.S. labor market appears to have lost some momentum. Source:MarketWatch
Bitcoin’s $63,000 zone emerges as key battleground for buyers: Glassnode
Retail investors and large whales are buying as bitcoin trades near its 200week moving average. Source:CoinDesk
Polymarket targets $20 billion valuation as competition heats up in prediction market sector
The blockchainbased prediction markets platform is reportedly returning to investors months after a $15 billion funding round. Source:CoinDesk
3 money rules I swear by — and why they work
Managing money is stressful. The new voice of Don’t Short Yourself is here to share reallife tips and tools we can actually use. Source:MarketWatch
Sorry everyone, Bitcoin is headed down to $43,500: Michael Terpin
Transform Ventures founder Michael Terpin says Bitcoin could have another 30% downside from its current price before he is confident the market has reached a…
What was the world’s hottest stock market is now hunting ground for short sellers
South Korea’s oncesurging market is now a haven for short sellers. Source:MarketWatch
Caterpillar is killing it, and data-center demand is driving record revenue
Caterpillar’s stock surges after the biggest earnings beat in five years, as demand for datacenter construction provided a boost. Source:MarketWatch