Elon Musk has said: The path to solving hunger, disease and poverty is AI and robotics
BREAKING: FBI has reportedly redacted President Trump’s name, along with those of other prominent public figures, from the Epstein files, per Bloomberg.
Housing market ‘purgatory’ for existing home sales as activity falls to lowest level in 9 months, per FORTUNE
Oppenheimer has restored its year-end S&P 500 target to 7,100, up from 5,950 in April.
The average home spent 53 days on market, five days longer than a year earlier, per Realtor com.
In just seven years, Social Security will reach a fiscal cliff that could leave millions of American retirees with drastically reduced benefits, according to a recent analysis by the Committee for a Responsible Federal Budget.
More than 1 in 3 (35%) of women say they aren’t financially secure and never will be, compared to 29% of men, per Bankrate.
Coinbase, $COIN, says it's launching tokenized stocks, predictions markets for U.S. users in coming months
$COIN
-26.67%
Good morning to everyone:
BREAKING: El Salvador has ended term limits for presidency, "paving the way for Bukele to seek re-election," per BBC
BREAKING: Trump raises tariffs on Canada from 25% up to 35%
BREAKING: Trump has instituted new tariffs. 35% on Canada 20% on Taiwan 15% on New Zealand 39% on Switzerland 19% on Cambodia 15% on Turkey 15% on South Korea, Venezuela, Israel 20% on Sri Lanka 40% on Laos, Myanmar 20% on Vietnam 19% on Indonesia Small deficit nations have a 15% tariff. If the US has a surplus with a country, the tariff rate is 10%.
Ray Dalio had sold his last remaining stake in Bridgewater Associates and stepped off its board, per WSJ
BREAKING: Apple, $AAPL, earnings: - EPS: $1.57, est. $1.43 - Revenue: $94.04 billion, est. $89.3 billion
$AAPL
China has stopped approving outbound investments for companies looking to set up or expand operations in the US, per WSJ
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Figma, $FIG, which just IPOed, was up more than 200%. It was halted numerous times. See more:
$FIG
-6.46%
BREAKING: Trump has sent letters to pharmaceutical executives to extend most favored nation pricing to Medicaid, ensure it for new drugs, and apply it to direct purchasing.
Holy shit. The White House just quoted Unusual Whales. The White House says that "Nancy Pelosi is rightfully criticized... she has a networth of $431 million. Nancy's Pelosi stock portfolio in 2024 grew 70%." This is from Unusual Whales 2024 report.
00:00:51
BREAKING: Trump says he has asked drugmakers to cut US prices of drugs in 60 days, or face consequences.
BREAKING: Trump has said reciprocal tariff rates take effect on Friday for countries that have not signed trade deals.
SEC Chair says most crypto assets are not securities
The SEC says it will "modernize the securities rules & regulations to enable America’s financial markets to move on-chain”
SEC launches 'Project Crypto' to make America the crypto capital of the world.
BREAKING: Trump says he still supports a stock trading ban for Congress, per BI
BREAKING: Trump says Mexico gets 90-day extension to land trade deal
"AI is driving mass layoffs in tech," per FORTUNE
Trump says Canada's Palestine position may make it hard to do trade.
A $MSFT morning
$MSFT
-12.08%
BREAKING: Mark Zuckerberg of $META has said that he has seen his "AI systems improving themselves."
$META
+1.03%
China’s exports of rare-earth magnets to the United States in June surged more than seven times from the prior month, as American firms clamor to get hold of the critical elements following a preliminary Sino-U.S. trade deal, per CNBC
BREAKING: Australia to ban under-16s from creating YouTube accounts.
Senator Josh Hawley says the legislation he proposes will send $600 tariff rebate checks to Americans, but not to “Biden voters,” only to “Trump blue-collar voters," per the Independent.
BREAKING: Trump will sign executive orders to impose higher tariffs on countries that have not reached trade agreements by the Friday deadline, per POLITICO
“THE AUGUST FIRST DEADLINE IS THE AUGUST FIRST DEADLINE – IT STANDS STRONG, AND WILL NOT BE EXTENDED,” he wrote. Read more:
Trump: US Reaches Full Trade Deal With South Korea, Includes $100B LNG Purchase And 15% Tariff Agreement Also: • South Korea To Invest $350B And Open Markets To US • Seoul Will Accept US Products Including Cars • South Korea President To Visit US Within 2 Weeks
BREAKING: Nancy Pelosi was asked about Trump saying she insider trades. Pelosi: Why do you have to read that... it's ridiculous. I support stop trading members of Congress... that not I think anyone is doing anything wrong... I'm not into it. My husband is.
00:01:22
Google, $GOOGL, is using AI age checks to lock down user accounts, per the Verge
$GOOGL
Former Vice President Kamala Harris said she will not run for governor of California next year