Trends to Watch |
| Optimism: 3 reasons why Bitcoin traders expect $100K+ BTC price by 2025 (Cointelegraph) |
| Turbulence: Elliott Prepares to Launch Proxy Fight at Southwest Airlines (Wall Street Journal) |
| Winding Down: Paramount is shutting down its TV studio as part of a new wave of layoffs (The Verge) |
| So Much Winning: Traders dump MAGA memecoins after Trump fails to talk crypto with Elon Musk (The Block) |
Stock Market News |
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| Starbucks names Chipotle’s Brian Niccol as CEO – Reuters | |
| Home Depot expects sales to weaken as consumers grow more cautious – CNBC | |
| Wholesale inflation measure rose 0.1% in July, less than expected – CNBC | |
| Google launches first AI-powered Android update and new Pixel 9 phones – CNBC | |
| Huawei readies new AI chip to challenge Nvidia in China, WSJ reports – Reuters | |
| Breaking up Google an option being considered by US, Bloomberg News reports – Reuters | |
| Google Fitbit, Peloton announce fitness content partnership – Reuters |
Nu Holdings Posts Record High |
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| The digital banking platform Nu Holdings (NYSE: NU) jumped 3.73% in after-hours trading on Tuesday after reporting strong financial results. | ||
| Financials: Revenue for Nu Holdings in the past quarter grew 65% (wow!) to a new record high of $2.8 billion. | ||
| Final Thoughts: The stock is up 56% in 2024 as fintech companies gain the attention of investors. | ||
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