Several Wall Street analysts have downgraded Apple stock ahead of its upcoming earnings report, citing weak iPhone sales, particularly in China. Jefferies and Loop Capital expressed concerns over disappointing demand and a lackluster rollout of AI features, while JPMorgan lowered its price target but maintained a buy rating. The stock fell over 3% amid worries about Apple’s market share and future outlook.
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0 posts last weekCongress members outperform stock market amid calls for trading ban
Members of Congress outperformed the S&P 500 in 2024, with Democrats averaging a 31% gain and Republicans 26%. Despite bipartisan support for individual stock trading, public sentiment favors banning such practices due to perceived conflicts of interest and unfair advantages. The 2012 STOCK Act mandates trade disclosures, yet enforcement remains weak, prompting calls for greater accountability.
read moreCrypto Lobbying Transforms American Politics in 2024 Election Cycle
In 2024, crypto lobbying efforts led by Coinbase, Ripple, and Andreessen Horowitz transformed American politics, amassing nearly $300 million through a super PAC called Fairshake. This unprecedented spending strategy aimed to counteract negative perceptions following the FTX collapse and reshape the political landscape, demonstrating the industry’s newfound influence. By mid-2024, the crypto voter emerged as a significant force, shifting bipartisan support despite initial resistance from many lawmakers.
read moreTom Emmer Predicts Inevitable Crypto Legislation Regardless of Election Outcome
House Majority Whip Tom Emmer is optimistic about the imminent passage of cryptocurrency legislation in the U.S., regardless of the election outcome. He highlights a shift in bipartisan support, particularly from Democrats, and anticipates that the stalled FIT21 bill could become law by year-end. Emmer aims to prioritize a market structure framework, a ban on a U.S. central bank digital currency, and regulations for dollar-backed stablecoins.
read moreMarket Reactions to Tesla FSD Timeline and Broader Stock Trends
The S&P 500 faced its largest weekly decline in over 18 months, dropping 4.1% amid a weaker labor market report, while tech stocks, particularly in the semiconductor sector, suffered even greater losses. Notable bullish sentiments included Nvidia’s expansion into AI solutions and Amazon’s strong market position, while bearish outlooks highlighted potential earnings impacts for Alphabet due to a DOJ trial and skepticism around Apple’s iPhone 16 launch.
read moreInstitutional Support for Crypto Grows Amid Regulatory Changes and Market Sentiment
Crypto industry leaders express frustration with the SEC under Gary Gensler, yet a recent survey reveals strong support for the regulator among financial institutions, with 90% deeming it effective. Institutional investors anticipate more lenient regulations, reflecting a shift in political attitudes towards digital assets. As the 2024 election approaches, both parties are increasingly engaging with the crypto sector, with Donald Trump promising to fire Gensler if elected, highlighting the growing significance of crypto investors in shaping regulatory futures.
read moreDemocratic Primary Races and Crypto Spending: A Detailed Analysis
A PAC called Fairshake is heavily funding candidates to support light-touch crypto regulations and pass the FIT21 Act, aiming to shift regulatory oversight from the SEC to the Commodity Futures Trading Commission. Another PAC, Protect Progress, is intervening in Democratic primaries, with significant spending to influence candidate support. The involvement of wealthy donors and outside interests in these races reflects the ongoing struggle within the Democratic Party over the influence of the crypto industry and its regulatory framework.
read moreDemocratic House Members Urge Party to Embrace Crypto and Blockchain
Fourteen Democratic House members and candidates have urged the Democratic National Committee and Vice President Kamala Harris to adopt a crypto-friendly stance, calling for a new SEC chair and a vice presidential candidate with a strong understanding of digital asset policy. They emphasized the potential of digital assets for innovation, economic growth, and financial inclusion, and highlighted the need for the Democratic Party to present a persuasive case to crypto voters while ensuring thoughtful regulation. The letter also suggested including pro-digital asset language in the party’s platform and engaging with industry leaders to support the technology.
read moreThe Battle for the US Presidency: Kamala Harris vs. Donald Trump
The upcoming US presidential election is set to be a historic battle between Kamala Harris and Donald Trump, representing a clash between black and white America. Harris, aiming to become the first African-American woman of Indian descent to hold the presidency, faces challenges from both within her party and from conservative opponents. With concerns over potential civil unrest, the outcome of this election holds significant global implications.
read moreNvidia Surpasses Apple with $3 Trillion Market Cap Amid AI Surge
Nvidia’s stock has surged, surpassing Apple to reach a $3 trillion market cap, driven by the AI boom. Investors, including Nancy Pelosi, have cause for celebration as NVDA stock continues its upward trajectory.
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