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June CPI missed big but I'm not buying the full rally yet
Headline CPI came in at -0.4% MoM vs -0.1% consensus. Core flat vs +0.2% expected. July hike odds dropped from \~50% to 16% overnight. $SPY and $QQQ loved it, obviously. But here's the thing, the miss was almost entirely energy. Gasoline down 9.7%, energy component down 5.7%. Strip that out …
$S.TO - Trump's boy just bought 55% of the company...
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State of ETH and Ethereum
From Rugged to Ready: How $BULLCAT Turned a Broken Narrative Into Solana's Most Emotional Comeback
Solana's meme scene has seen its fair share of tears, but none quite as literal as this. There's a very specific kind of pain in crypto that only degens understand: watching a narrative you knew was strong get gutted by a team that never deserved it. You held. You believed. …
ASML hikes sales forecast for second time this year on strong AI chip demand
SBI, Solana Foundation Partner to Build Japan-Led On-Chain Financial Hub
Why do companies release earnings early?
Hey guys, I tried asking AI why IBM released earnings early and I get the response, "to explain a significant performance shortfall to investors." I don't find that a satisfying explanation and am hoping this sub could help. Is it normal to do an early release if your earnings aren't …
Stripe, Advent offer to buy PayPal for more than $53 billion, sources say
Here's the source: [https://live.euronext.com/en/financial-news/exclusive-stripe-advent-offer-buy-paypal-more-53-billion-sources-say](https://live.euronext.com/en/financial-news/exclusive-stripe-advent-offer-buy-paypal-more-53-billion-sources-say) Payments company Stripe and private equity firm Advent International have made a joint offer to acquire PayPal Holdings Inc for $60.50 per share, in a deal that would value the payments company at more than $53 billion, two people familiar with the matter said. The offer, …