Daily U.S. Stock Market Highlights (Tuesday, August 20)
2024-08-20 13:18:48
< br > < b > IMPORTANT NEWS < br > < span class = "section-news" > 1. Former US President Donald Trump: Will consider scrapping the $7,500 tax credit for electric vehicles. If elected, Musk will be considered for a cabinet or advisory role if he wishes. < br > < b > Stock News < br > < span class = "section-news" > 1. Action camera maker GoPro (GPRO. O) announced that it will cut about 15% of its workforce this year. < br > < span class = "section-news" > 2. Market news says Apple (AAPL. O) 's first India-made iPhone Pro model will debut this year. < br > < span class = "section-news" > 3. Li Auto (LI. O): Never conducted any business negotiations or cooperation with MedStyx. < br > < span class = "section-news" > 4. According to aviation news website The Air Current: Boeing (BA. N) has grounded the 777X testing device team due to structural failure of key engine installations. < br > < span class = "section-news" > 5. Tesla (TSLA. O) is recruiting a large number of personnel to train its humanoid robot Optimus by wearing motion capture devices to imitate the required movements of the robot. < br > < span class = "section-news" > 6. Johnson & Johnson (JNJ. N) has agreed to acquire medical device company V-Wave for a $600 million upfront payment. The deal is expected to close by the end of 2024 and includes potential additional regulatory and commercial milestone payments for approximately $1.10 billion. < br > < span class = "section-news" > 7. Eli Lilly (LLY. N) said the GLP-1 drug telpotide reduced the risk of type 2 diabetes in obese adults by 94 percent and reduced weight by nearly 23 percent. < br > < span class = "section-news" > 8. Bristol-Myers Squibb (BMY. N) announced that the European Medicines Agency (EMA) has completed the validation of its application for a new indication for CAR-T cell therapy.
7x24 Newsflash
23:00 2025-07-09
Kraken's market share rose to 29%.Kraken has seen strong momentum over the past month, with its market share on dollar-backed exchanges climbing from 19% to 29% since the start of the year. Recently, Kraken's growth momentum has further accelerated, with Kraken's volume share rising over the past five months, while monthly volume has consistently remained above $20 billion.
22:48 2025-07-09
Microsoft: AI saved the company more than $500 million last yearIn a speech this week, Judson Altov, chief business officer of Microtek, said AI tools can improve productivity in everything from sales to Client Server to software engineering, according to a person familiar with the matter. Still, AI saved Microsoft more than 500 million dollars last year in call centers alone and improved employee and customer satisfaction, the person said. Altov said the company is also starting to use artificial intelligence to handle interactions with small customers. The...
22:48 2025-07-09
The US government has resumed some arms shipments to UkraineAccording to CCTV coverage, the Trump administration has resumed some arms shipments to Ukraine a week after the US Department of Defense ordered the suspension of some shipments to Ukraine. According to two anonymous US officials, the current arms shipments to Ukraine include 155 mm artillery ammunition and precision-guided rockets. It is not clear when these weapons will start shipping.
22:24 2025-07-09
Fintech firm Revolut seeks $1 billion in new financingRevolut, a fintech company, is in talks to raise $1 billion in new capital at a $65 billion valuation. Greenoaks, a US investment firm that backs high-growth tech companies such as Robinhood and Stripe, is in talks to lead the round, but final terms have not yet been set.
21:17 2025-07-09
Trump has sharply increased Brazil's tariff rate to 50%, citing previous presidential trials.On July 10, Trump announced on Wednesday that he plans to impose 50% tariffs on Brazil, in part because of what happened to Bolsonaro, the former Brazilian president who has been jokingly dubbed the "Trump of Brazil". The so-called reciprocal tariffs that Trump unveiled in April, Brazil only faces a minimum tariff of 10%. "The way Brazil treated former President Bolsonaro... is an international disgrace," Trump told Brazil's current president, Lula, in his latest tariff letter. Trump has been fi...
20:56 2025-07-09
Fed meeting notes: Most participants think tariffs could have more lasting impact on inflationThe latest Federal Reserve meeting notes for June showed that participants noted that long-term inflation expectations are stable and it is important to keep them stable. Several participants commented that short-term inflation expectations have risen and that such developments have the potential to spill over into longer-term expectations or affect price and wage setting in the short term. While a few participants noted that tariffs would cause a one-off increase in prices and would not affect ...
20:50 2025-07-09
SEC delays approval of physical redemption of BlackRock's spot Ethereum ETFThe Securities Exchange Commission (SEC) has delayed approval of the physical redemption method for BlackRock's spot Ethereum ETF.
20:44 2025-07-09
The Fed meeting notes that if tariffs lead to higher-than-expected inflation, it would be appropriate to maintain a stricter monetary policy stanceThe latest Federal Reserve June meeting notes show that participants noted that if the imposition of tariffs results in higher-than-expected inflation lasting longer than expected, or if medium- or long-term inflation expectations rise significantly, then maintaining a tighter monetary policy stance would be appropriate, especially if labor market conditions and economic activity are stable. However, if labor market conditions or economic activity weaken materially, or if inflation continues to....
20:41 2025-07-09
Justin Sun has pledged to buy $100 million worth of TRUMP, calling it the "MAGA currency."According to Cointelegraph, Justin Sun said they would commit to buying $100 million of TRUMP, calling it "the Make America Great Again (MAGA) currency."
20:41 2025-07-09
Analysis: Nvidia faces the dual threat of multiple giants' self-developed chips and quantum computingMichael Ashley Schulman, chief investment officer at Running Point Capital, a capital advisory firm, said investors need to be wary of the risk of self-developed chips from Amazon (AMZN. O), Microsoft (MSFT. O) and Meta Platforms (META. O), the tech giants that could bypass NVDA. O and drastically reduce their reliance on its chips. This is a real competitive threat. In addition, there are also disruptive risks of quantum computing. NVIDIA claims that quantum computing will still take 10 to 15 y...
20:41 2025-07-09
Trump sends tariff letters to 8 more countries, Brazil faces 50% tariffsOn July 9 local time, US President Trump released letters to the leaders of eight countries about the imposition of tariffs on the social media platform "Real Social", including: Brazil, the Philippines, Brunei, Moldova, Algeria, Iraq, Libya and Sri Lanka. Among them, Trump said that 50% tariffs will be imposed on Brazil, Libya, Iraq, Algeria and Sri Lanka will be subject to 30% tariffs, Brunei and Moldova will be subject to 25% tariffs, and the Philippines will be subject to 20% tariffs. The ne...
20:38 2025-07-09
US stocks closed: Nasdaq rose nearly 1%, Coinbase rose more than 5%U.S. stocks closed Wednesday with the Dow up 0.49 percent, the S & P 500 up 0.6 percent and the Nasdaq up 0.94 percent. NVIDIA (NVDA. O) rose 1.8 percent, failing to hold on to a historic $4 trillion market cap. Coinbase (COIN. O) rose more than 5 percent, Futu Holdings (FUTU. O) rose 9 percent and Apple (AAPL. O) rose 0.5 percent.
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