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- 📈 Wall Street's 'KHive'
📈 Wall Street's 'KHive'
Wall Street’s ‘KHive’ fired up to back Harris, Wiz rejects Alphabet’s $23 billion offer, SEC approves first spot Ether ETFs to start trading Tuesday, Xi cements role as ‘Chief Economist,’ and Google cancels plans to kill off cookies…
Good morning.
The Fast Five → Wall Street’s ‘KHive’ fired up to back Harris, Wiz rejects Alphabet’s $23 billion offer, SEC approves first spot Ether ETFs to start trading Tuesday, Xi cements role as ‘Chief Economist,’ and Google cancels plans to kill off cookies…
📈 Turn out the lights on traditional savings accounts. With our high-yield cash account, your money is earning 11x the national average**.
Calendar: (all times ET)
WED, 7/24: New home sales, 10:00 AM
THU, 7/25: GDP, 8:30 AM
Initial jobless claims, 8:30 AM
Durable-goods orders, 8:30 AM
FRI, 7/26: PCE index, 8:30 AM
Consumer sentiment, 10:00 AM
Your 5-minute briefing for Tuesday, July 23:
A Message From Betterment
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BEFORE THE OPEN
As of market close 7/22/2024
PRE-MARKET
MARKETS
US stocks surged yesterday as investors bought back in after a major tech selloff
S&P had its best day since early-June
Oil fell to a five-week low
EARNINGS
What we're watching this week:
Today: Tesla, Alphabet, Spotify, UPS, Visa
Wednesday: Chipotle, Ford, AT&T, IBM
Thursday: American Airlines
Full calendar here
NEWS BRIEFING
Democratic donors join officials in endorsing vice president. Lazard president predicts more in finance will come around.
CEO Assaf Rappaport told employees the company would pursue an IPO as originally planned.
Wall St closes higher as investors return to megacap stocks category (link)
SEC approves first spot Ether ETFs to start trading Tuesday (link)
Xi cements role as ‘Chief Economist’ shrinking space for debate (link)
Google cancels plans to kill off cookies for advertisers (link)
Tesla to use humanoid robots next year (link)
Warner Bros. Discovery's TNT Network matches bid for NBA rights (link)
Nvidia preparing version of new flagship AI chip for Chinese market, Reuters reports (link)
Intel identified a microcode issue causing instability in some 13th/14th Gen desktop processors. A patch release is planned for mid-August (link)
McDonald's extends $5 meal deal at most US outlets into August (link)
Big Lots closing 3 Connecticut locations (link)
Meta's mass layoff severance agreements illegal (link)
CRYPTO
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