Stock Update
Schwab: Retail investors shunning the Magnificent Seven, except for Nvidia and Amazon
Perhaps “buy low, sell high” has gone out of fashion as a formula for how to make money trading on the stock market.
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SoundHound AI expands partnership with French insurer Apivia Courtage
According to SoundHound, these AI solutions have allowed the insurance company’s “human teams” to focus more on working with brokers and clients
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Rare earth stocks surge after China clamps down on exports and Trump threatens ‘massive’ tariffs
Rare earth material stocks rose on Friday as Beijing tightened its exports of the critical minerals.
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Ferrari’s record plunge raises red flag about wealthy consumer
The luxury automaker’s weak outlook wiped out billions in market value and hints that even the rich may be feeling the pinch
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Oracle’s AI boom runs on debt, hype, and power it doesn’t have
Oracle (ORCL) stock is surging on AI hype, but soaring debt and power constraints raise serious questions about the sustainability of its $300B cloud ambitions.
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This is stagflation (literally): U.S. hiring crashes to recession levels as ‘second stagflation mountain’ rises
With hiring at recessionary levels and inflation still running hot, America’s economy is flashing classic stagflation warnings, Apollo data show
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DoorDash doubles down on autonomous delivery with Serve Robotics partnership
If robots are the future, then the future appears to be now
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Lyft enters deal with Tensor Auto to roll out a fleet of AVs
Lyft, Inc. (LYFT) is partnering with autonomous vehicle maker Tensor Auto to add hundreds of robotaxis to its fleet in North America and Europe beginning in 2027.
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Intel finally releases a new 18A chip, but will it be enough to spark a turnaround?
News of the 18A launch did not appear to excite too many investors as Intel’s stock was only able to gain nearly 1% on Thursday
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Ken Griffin sounds alarm on de-dollarization as critics say U.S. is becoming a “third world country”
Investors are quietly hedging against U.S. sovereign risk as America’s debt, inflation, and political dysfunction fuel fears of a fiscal reckoning
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IREN surges on new multi-year AI cloud contracts and then sinks on convertible note offering
IREN (IREN) said this week that it had secured new multi-year AI cloud contracts for Nvidia Blackwell GPU deployments
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Coinbase seeks national trust charter but ‘has no intention of becoming a bank’
Coinbase (COIN) plans to apply for a national trust company charter from the U.S. Office of the Comptroller of the Currency (OCC)
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Archer’s stock tanks after a rumored partnership with Tesla never came to pass
Angry investors call out ‘misleading’ promotion from Archer Aviation (ACHR)
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Netflix faces PR backlash as 'cancel Netflix' searches break Google
As Elon Musk calls for a boycott, Google searches to “cancel Netflix” hit record highs, but with the streamer no longer reporting subscriber counts, the real impact may remain hidden
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“Freight recession shows no end in sight” — Truck sales collapse as economy sends mixed signals
Heavy truck sales have plunged to recessionary levels even as U.S. GDP growth accelerates, exposing a widening divide between freight and the broader economy
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Desperate home sellers slash prices at near record pace as buyers stay away
Despite easing mortgage rates, one in six U.S. home sellers cut their asking price in August, the highest level for any August on record
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Qualcomm’s expansion beyond smartphones continues with Arduino acquisition
Qualcomm announced that it has acquired Arduino, a nonprofit Italian open-source hardware and software platform that includes a community of more than 33 million developers
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AST SpaceMobile gets downgraded with a Sell as analyst warns of ‘painful corrections’
AST SpaceMobile’s (ASTS) stock has been on a tear this year, soaring 254% on hopes its satellites will connect cell phones directly to broadband.
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