Bitcoin, Ethereum, Dogecoin Rise Following Fed's Rate Cut Signal; Snowflake CEO Downplays Cyberattack as Stock Falls 8% After Q2 Earnings - Top Headlines Today While US Slept

Author: Akanksha Bakshi | August 22, 2024 09:32am

Crypto

• Cryptocurrency Trading Platform FTX Secures Preliminary Approval For Reorganization Plan After Overwhelming Support From Creditors, Paving The Way For Bankruptcy Resolution
• MicroStrategy’s Bitcoin ‘Strategy Playbook’ Explained: Will Others Follow This ‘Radical Step’?
• Bitcoin Training For Civil Servants On The Cards In Nayib Bukele-Led El Salvador
• Pro-Bitcoin Senator Cynthia Lummis Says ‘Not A Single Indication’ That Kamala Harris Would Be Good For The Crypto Industry
• Shiba Inu’s Burn Rate Explodes 1088% As Layer-2 Network Shibarium Completes One Year Since Launch
• Bitcoin, Ethereum, Dogecoin Spike As Fed Minutes Signal Impending Rate Cut: Analyst Says ETH Needs To Do Only One Thing For Touching $3,150

US Politics

• Kamala Harris’ VP Pick Tim Walz Promises To ‘Turn The Page On Donald Trump’ At DNC: ‘Never Underestimate A Public School Teacher’
• Bill Ackman Proposes ‘Fair And Practical’ Billionaire Tax Plan Amid Kamala Harris’ Push To Tax Unrealized Gains 

US Markets­­­­­­­­

• US Stocks Poised For Tepid Start Ahead Of Private Sector Activity Data And Jackson Hole Symposium: Analyst Says Market Is Focused On Nvidia Earnings And ‘Waiting Is The Hardest Part’
• Why Wolfspeed Shares Are Trading Higher By Around 8%; Here Are 20 Stocks Moving Premarket
• S&P 500, Nasdaq Surge After Fed Minutes Point To Likely Rate Cut In September: Fear & Greed Index Remains In ‘Neutral’ Zone
• Amid Heated Trump-Harris Battle, Crypto Industry Pours ‘Unprecedented’ $119M Into 2024 Elections – Here Are The Biggest Donors
• Robert Kennedy Jr. Looking For A Trump Administration Gig In Return For Supporting Ex-President, Says Super PAC Director
• Trump Organization’s Saving Grace Turns Out To Be Golfing Hobby Of The Well-Heeled: Report

World Politics

• DOJ Indicts New York Resident For Allegedly Spying On Pro-Democracy Activists For Chinese Government
• Xi Jinping’s Mouthpiece Blasts Joe Biden’s New Nuclear Strategy: ‘Finding Excuses To Seek Strategic Advantages’

US Economy

• Mohamed El-Erian Shares ‘Main Takeaways’ From Fed Minutes, Says September Rate Cut ‘Essentially A Done Deal’

World Economy

• Asia Mixed, Europe Markets Advance; Gold Steady Near All-Time High, Dollar Strengthens – Global Markets Today While US Slept

Tech

• China’s Micro-blogging Platform Weibo Q2 Earnings: Revenue And Profit Beat, Ad Revenue Drops, Daily Active Users Fall Marginally
• Google Strikes $250M Deal With California To Fund Newsrooms, But Journalist Unions Call It ‘Disastrous’
• Apple Delays Production Of Highly Anticipated Foldable MacBook Due To Technical Issues, Says Top Analyst: Timeline Pushed Back To As Late As 2028
• Nvidia Stock To Surge To $340 In Medium Term? Portfolio Manager Sees Strong Rally Interspersed By 35-80% Pullbacks
• Elon Musk Sees Millions Of People Having His Brain Chip Implanted In Next Decade After Second Patient Says ‘Already Super Impressed’ With Neuralink
• CrowdStrike President Strikes Back Against Competition Capitalizing On Global Microsoft Windows Outage: ‘People Know Really Quickly Fact From…Shady Commentary’
• Snowflake CEO Downplays Cyberattack Impact Amid 8% Stock Drop After Q2 Earnings Report: ‘Not Really Affected Our Core Business’
• Apple App Store Team Sees Major Shakeup As Business Head Matt Fischer Heads For The Exit

Electric Vehicle

• Military Expert Calls Russian President Ally’s Tesla Cybertruck ‘Super Cool,’ But ‘Useless’ Combat Vehicle: ‘Where Do You Recharge This Thing On The Battlefield?’
• Fisker Recalls Nearly 8K Ocean SUVs Over Risks Of Reduced Braking Performance
• EHang Q2 Revenue Skyrockets 920% with Record eVTOL Deliveries: Details
• GM’s Autonomous Driving Unit Cruise Recalls All U.S. Vehicles Over Concerns Of Unexpected Braking: Auto Safety Regulator Closes Investigation
• Robotaxi Firm WeRide Reportedly Delays US IPO Days Before Deadline Amid Growing US Concerns About Chinese Smart Vehicles
• Bad Tidings For Tesla And Its Peers? ‘We’re In The Dead Of The EV Winter,’ Says Gene Munster, As He Expects Growth To Collapse From 50% In 2023 To 5% This Year
• U.S. Transportation Safety Board Opens Investigation Into Tesla Semi Crash And Fire In California
• Tesla Delays Elon Musk’s Timeline Yet Again For Cybertruck FSD Rollout, This Time To September

Consumer

• Advance Auto Parts Q2 Earnings: EPS Miss, Annual Outlook Cut, Sells Worldpac Business
• NetEase Q2: Revenue Falls Short, Gaming Segment Shines

Communication

• Paramount Shares Jump In Pre-Market After Media Tycoon Edgar Bronfman Reportedly Sweetens Bid To $6B
• Elon Musk’s X Reveals Its Investors Include Saudi Prince Al Waleed Bin Talal Al Saud, Jack Dorsey, Andreessen Horowitz, And Sean ‘Diddy’ Combs
• Elon Musk’s X Gets A Win Amid Legal Troubles As Judge Tosses Out Disability Discrimination Lawsuit Citing Insufficient Evidence Tied To Remote Work Ban

Industrial

• Strikes At US Ports, Canada’s Railways May Cause Container Freight Rate Volatility

Financial

• Bitcoin Or Nvidia, Which Offers A Better Risk-Adjusted Return?
• Goldman Sachs Forecasts New Stock Market Highs Over Next 4 Weeks, But Warns Of ‘Worst Two Week Trading Period Of The Year’ Immediately After
• Charles Schwab Shares Drop Over 4% After-Hours As TD Bank Cuts Stake Following $2.6B Anti-Money Laundering Fine Provision

General

• Federal Judge Who Overturned Boeing’s $72M Verdict Over Stealing Trade Secrets Admits Trading Up To $15K In Airplane Maker’s Stock While Overseeing The Case: ‘Could Be Some Market Movement, But It’s Not Going To Influence My Decision’
• Jeff Bezos Expands Jet Collection With $80M Gulfstream G700, Reveals Student Who Tracked Elon Musk And Taylor Swift’s Aircraft

Space

• SpaceX Delays Launch Of Private Human Spaceflight Mission Polaris Dawn: Program Founder Jared Isaacman Says ‘Will Happily Take An Extra Day To Ensure Readiness’

Cryptocurrency Photo by BBbirdZ on Shutterstock

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