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Archives by Year:
HackaTRON season 7 launches with Google Cloud as diamond sponsor, celebrates successful kickoff at Bitcoin Nashville
Geneva, Switzerland, July 29, 2024 – TRON DAO, along with co-hosts HTX DAO, BTTC, and JustLend DAO, proudly announces the launch of HackaTRON Season 7, with submissions open until October 23. Following a successful launch party at Bitcoin 2024, this season promises a series of engaging events and innovative competition tracks. Participants will have access […]
SearchGPT: OpenAI’s Bold Move To Challenge Google
Image Source: Unsplash On Thursday, July 25, OpenAI introduced SearchGPT, aiming to transform the eCommerce landscape with AI-driven product discovery and comparison.This prototype is a limited version for a select test group of 10,000 users. It offers more accurate and relevant results than traditional search engines. Unlike Google’s extensive list of links, SearchGPT provides summaries with […]
Big Tech Drags Down Nasdaq, S&P 500
Stocks continued their choppy price action today, as all eyes turned to the Fed and Big Tech. The Dow added triple digits, but the S&P 500 and Nasdaq both finished firmly in the red, the latter suffering amid large-cap weakness from Nvidia (NVDA), Apple (AAPL), and Amazon.com (AMZN).Despite consumer confidence on the rise and a robust job […]
The Plunderers Now Run Our Economy
Image Source: Pexels When we talk about the “markets”, most people immediately think of publicly traded financial assets: the S&P and Nasdaq indices, stocks of popular companies like Microsoft & Nvidia, their corporate bonds, etc.We can see the prices of these assets, and how they change minute-by-minute, on the public exchanges.We receive audited financial statements from […]
Mad 7: Microsoft Tanks, Down $250 Billion After Cloud Miss
Image Source: Pixabay In our preview of today’s main event, we said that the mood for the Mag7 would be defined by Microsoft’s fiscal Q4 earnings, and for those long the AI sector we have some bad news: Microsoft, true to its name, just shat the bed, because despite beating on revenue and EPS, the company […]
S&P 500 Earnings Dashboard 24Q2 – Tuesday, July 30
Image Source: Pexels S&P 500 Aggregate Estimates and Revisions 24Q2 Y/Y earnings are expected to be 12.4%. Excluding the energy sector, the Y/Y earnings estimate is 13.4%. Of the 238 companies in the S&P 500 that have reported earnings to date for 24Q2, 79.4% reported above analyst expectations. This compares to a long-term average of 66%. The 24Q2 Y/Y blended revenue growth estimate is 4.9%. If the energy sector is […]
Perceived Inflation And The Perceived Effect Of Inflation
Image Source: Pixabay I have my usual thoughts about inflation. People confuse levels and changes. I think this is a fundamental cognitive illusion. I think perceived inflation and the perceived effect of inflation on real incomes are based on an impressive pair of errors.1) people estimate inflation from the price level comparing current prices to prices […]
2 Cold Storage REITs To Buy As Industry Heats Up
Image courtesy of 123rf.com Last Thursday, Nasdaq welcomed the world’s largest cold storage warehouse REIT, trading under the ticker symbol “LINE.” Following last September’s IPO launch of British semiconductor designer Arm Holdings (Nasdaq: ARM), Lineage will be the biggest IPO in 2024, starting at $78 per share. The dominant temperature-controlled real estate investment trust (REIT) generated $4.4 billion […]
Ford Stock Retreats To $11 After Earnings Rout: Buy The Dip?
Image Source: Unsplash Ford (NYSE: F) stock has slumped 20% to $11 in the days following the automaker’s second-quarter 2024 financial results. Ford admitted to having quality-related issues with vehicles from 2021 and earlier, so investors should wait for further action from the company before considering buying the dip in Ford stock.The temptation for value investors to grab some shares […]
Movement Labs joins Polygon’s AggLayer to unify liquidity
Key Takeaways Movement Labs joins Polygon’s AggLayer, enabling unified liquidity across Move-based L2 chains and Ethereum. Movement Labs’ public testnet attracts $160 million in committed TVL before mainnet launch. Move-based Movement Labs has joined Polygon Labs’ AggLayer, enabling unified liquidity across MoveVM-based Layer-2 blockchains, AggLayer-connected chains, and Ethereum. This integration marks Movement as the first […]
