Tech stocks, including Nvidia, bounced back, lifting the Nasdaq and S&P 500, while the Dow Jones lagged. Boeing and retail stocks like Home Depot and Walmart declined, but Carnival jumped after beating Q3 estimates. Consumer confidence slipped in June, with concerns about future inflation and the upcoming release of the PCE Price Index. For more information, visit Bloomberg and the SEC.
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Crypto Analyst Arthur Hayes Backs Dogecoin, Rollblock Surges, Cardano Partnerships Flourish
Crypto analyst Arthur Hayes increases his Dogecoin position amidst market dip, while Rollblock (RBLK) gains traction with 3,500 registrations and a 40% ROI for early investors. Rollblock’s performance in its presale stages positions it as a promising investment, offering unique features and potential for significant growth. Meanwhile, Dogecoin faces resistance and Cardano’s strategic partnerships aim to drive a positive trend.
read moreKey Market Updates: Nvidia Rebounds, Airbus Slashes Outlook, Boeing Values Spirit
Nvidia rebounds, Airbus falters after outlook cut, Boeing values Spirit at $35/share, Microsoft faces EU scrutiny, and Novo Nordisk gains access to sell Wegovy in China. Key updates for investors today.
read moreNvidia Surpasses Microsoft to Become Most Valuable Public Company in 2024
The stock market hit new highs with the S&P 500 and Nasdaq Composite reaching record levels. Nvidia became the most valuable public company, surpassing Microsoft. Boeing’s CEO faced tough questions from a Senate panel about safety and quality issues. Darden Restaurants reported earnings that beat expectations, but revenue fell slightly short. OpenAI co-founder Ilya Sutskever is launching a new AI company focused on safety.
read moreNBA Star Paul Millsap Invests in Solana Meme Coins and Tokens
Former NBA star Paul Millsap has recently disclosed his investment in Solana-based meme coins and tokens, including JUP, WIF, SC, NUB, MICHI, and WEN. His announcement has garnered significant attention within the crypto community, with these tokens showing resilience in the face of the broader market downturn. Despite the market selloff, JUP, WIF, and WEN have demonstrated price increases over the past 24 hours, reflecting a growing interest in Solana-based assets.
read moreStock Market Plummets as Rising Rates Hit Dow, 11 Stocks Decline
The Dow plummeted by 411 points as rising interest rates hit the bulls hard, causing at least 11 stocks in the price-weighted index to drop by 2 points or more.
read moreChina Unveils Housing Market Rescue, Reddit Soars, Boeing Shareholder Meeting
China unveils measures to rescue its battered housing market, Reddit soars on OpenAI partnership, Boeing’s annual shareholder meeting to vote on outgoing CEO’s board status, and Mercedes’ Alabama workers vote on union membership. Here’s what investors need to know today.
read moreMark Cuban Criticizes SEC’s Crypto Regulation Approach in Recent Statements
Entrepreneur and ‘Shark Tank’ star Mark Cuban criticizes the US Securities and Exchange Commission (SEC) for its ineffective crypto regulation, contrasting it with Japan’s approach following the Mt. Gox incident. Cuban accuses the SEC of failing to protect investors and emphasizes the agency’s shortcomings in learning from past failures, highlighting a growing discord between the US and the digital asset market.
read moreStock Market Set for Muted Opening After Jobs Report Impact
U.S. stock markets are set to open with minimal activity today, following a previous rally triggered by a weaker-than-expected jobs report. This report has strengthened expectations that the Federal Reserve will initiate interest rate cuts later this year.
read moreAsian Shares Reach 15-Month Highs Amid Rate Cut Speculation and Policy Meeting
Asian shares reached a 15-month high as confidence in U.S. interest rate cuts grew. Traders awaited Australia’s policy meeting and monitored the yen’s decline closely.
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