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07/24/2024

CrowdStrike CEO Called To Testify After Global Outage

Key Takeaways Congressional Response Rep. Mark Green, R-Tenn., chairman of the Committee on Homeland Security, and Rep. Andrew Garbarino, R-N.Y., chairman of the Subcommittee on Cybersecurity and Infrastructure Protection, emphasized the severity of the incident in a letter on Monday. […]

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07/23/2024

Ethereum ETF Begin Trading In The U.S.

Key Takeaways The SEC & Key Players The U.S. Securities and Exchange Commission (SEC) has approved exchange-traded funds (ETFs) that hold Ether, the native cryptocurrency on the Ethereum blockchain. These ETFs began trading in the U.S. on Tuesday, July 23rd, […]

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07/19/2024

Market Update Into July 22nd: Big Tech Takes A Beating

This week, the retreat from high-flying tech names into more rate-sensitive ones began to take hold, with both the Nasdaq and the S&P 500 posting their second-largest weekly losses of the year. This shift is driven by growing optimism among […]

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07/19/2024

CrowdStrike Update Causes Global Microsoft Outage

Key Takeaways Widespread Disruption from Software Update A flawed software update from cybersecurity firm CrowdStrike has caused a global outage of computers running Microsoft Windows, leading to significant disruptions across various sectors. The update, which resulted in the infamous “Blue […]

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07/18/2024

Meta Platforms in Talks to Acquire 5% Stake in EssilorLuxottica

Key Takeaways Strategic Acquisition to Bolster Smart Glasses Development META (Meta Platforms) is in discussions to acquire a 5% stake in EssilorLuxottica, its production partner for Ray-Ban smart glasses. The potential stake in the world’s largest eyewear company is estimated […]

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07/18/2024

Trump Opposes Rate Cuts Before Election, Considers Dimon For Treasury Secretary

Key Takeaways Trump’s Position on Powell and Interest Rates Former President Donald Trump has stated he would allow Federal Reserve Chair Jerome Powell to complete his term, which runs through January 2026, if he wins the upcoming November election. Trump’s […]

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07/15/2024

It’s Prime Time To Save Big On TrendSpider

Hello, traders! In honor of all the deal-hunting, lightning-deal-loving shoppers out there, TrendSpider is rolling out a Prime Day special that’s too good to miss. You don’t even have to be a member to take advantage of it: This Prime […]

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07/15/2024

Super Micro Computer To Join Nasdaq 100 Index

Key Takeaways Super Micro Computer Inc. Added to Nasdaq-100 NDAQ (Nasdaq, Inc.) has announced that SMCI (Super Micro Computer Inc.), a Total IT Solution Provider specializing in AI, Cloud, Storage, and 5G/Edge, will become a component of the NDX (Nasdaq-100 […]

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07/12/2024

Market Update Into July 15th: Rotation and The Golden Fibonacci Extension

This week, all eyes were on CPI, which came in slightly cooler than expected, thus increasing the odds of a September rate cut (now 89%) and causing a sharp rotation across the markets. Traders fled large-cap growth for the severely […]

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07/12/2024

Tesla Delays Robotaxi Event

Key Takeaways Event Postponed Amid Prototype Development TSLA (Tesla) has decided to delay its much-anticipated Robotaxi event from August 8th to October 2024, as the company reportedly needs additional time to develop the prototypes. The postponement reflects Tesla‘s ongoing challenges […]

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