Implosion of Situational Awareness hedge fund has Wall Street betting the bottom is in for the AI trade
One of the wildest months in recent memory for the U.S. stock market is ending on yet another remarkable note: A highflying hedge fund run by an AI wunderkind…
Strategy books $8.2 billion Q2 loss on bitcoin price decline
The world's largest corporate bitcoin holder says it has built a cash reserve covering more than two years of dividend payments after investors questioned its…
Coinbase sinks 5% after missing second quarter revenue estimates
The company reported $1.22 billion in overall revenue, down from $1.5 billion in the year prior. Source：CoinDesk
Warsh’s Wall Street cred takes a hit as investors doubt the Fed chair’s inflation-fighting resolve
Kevin Warsh insists the Federal Reserve will do whatever it takes to reduce U.S. inflation to its 2% target, but investors aren’t buying it. Source：MarketWatch
The warning signal insiders are sending
Corporate insiders haven’t been this bearish in more than 20 years. Source：MarketWatch
Micron, Sandisk and other chip stocks get major boosts in the wake of Microsoft’s earnings
Microsoft is spending heavily on AI but is also taking a “responsible” approach to its financials, an analyst said. Source：MarketWatch
The cyclospora outbreak is the biggest ever. Why this ‘unusual’ outbreak is so hard to manage.
The complexity of the cyclospora outbreak raises questions about whether it could last longer than previous outbreaks, which usually end in August.…
Mortgage rates jump to their highest level in a year and show few signs of falling
The Federal Reserve on Wednesday kept its benchmark interest rate steady, but political and economic developments are pushing mortgage rates higher.…
Bitcoin stable as Fed fave PCE inflation sees first monthly drop in six years
Bitcoin and US stocks enjoyed a relief bounce as the South Korea semiconductor rout eased and US PCE inflation data conforms to yearonyear expectations.…
Tokenized gold passes DeFi stress test, but less than 2% is used as collateral
A RedStone report found tokenized bullion held up during gold’s sharp selloff, but DeFi lending adoption remains limited despite surging market growth and…
5 microcap software stocks expected to soar by triple digits as the companies’ sales pop
These companies are all expected to show very rapid revenue growth through 2028. Source：MarketWatch
Americans are spending plenty — but they’re saving much less
Consumer spending rose again in June to cap off a strong second quarter, but households had to dig deep into their savings to pay for their purchases after a…