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Bill Ackman Demands Answers From Fed Governor Lisa Cook: Did She Commit ‘Mortgage Fraud Or Not’ — ‘A Question of Fact,’ Not Politics
Billionaire investor Bill Ackman is weighing in on the feud between President Donald Trump and Federal Reserve Governor Lisa Cook, calling on the latter to address allegations of mortgage fraud directly, while warning that the integrity of the American financial system is at stake. read more
Nayib Bukele’s ‘Funniest Things’ Remark Leaves Crypto Community Buzzing, El Salvador On Its Way To Reaching $1 Billion Bitcoin Reserves?
El Salvadoran president Nayib Bukele hinted at boosting the country’s Bitcoin (CRYPTO: BTC) holdings to $1 billion on Wednesday, causing a spike in odds on prediction markets. read more
Gen Z’s Confidence Crisis Is A Red Vs. Blue Problem, Shows Study
Gen Z’s life satisfaction at lowest in 3 years: 45% rate lives positively now, down from 49% in 2024. Decline driven by 18-28yr olds, especially women. read more
TikTok Parent Overtakes Meta In Revenue, Valuation Soars To $330 Billion Despite US Sale Pressure, Ban Threats: Report
ByteDance is reportedly launching a $330 billion-plus employee share buyback as TikTok faces U.S. divestiture deadlines and ban threats, underscoring the Chinese tech giant’s revenue dominance and AI ambitions despite mounting regulatory scrutiny. read more
Jensen Huang Declares ‘A New Industrial Revolution Has Started’: Sees 100x To 1000x Compute Demand Surge — $3–$4 Trillion ‘Opportunity’ For Nvidia
Chipmaker NVIDIA Corp.’s (NASDAQ: NVDA) CEO, Jensen Huang, just announced an optimistic vision for the future of artificial intelligence during the company’s second-quarter earnings call on Wednesday. read more
Bitcoin Holds Steady While Ethereum, Dogecoin, Solana Climb: Analyst Says Altcoins Could Rally 20%-30% If ETH Does This
Bitcoin stalled, but leading altcoins rose on Wednesday, even as investors assessed Nvidia Corp. (NASDAQ:NVDA) earnings. read more
Nvidia Stock Slips Over 3% After Q2 Report — Gene Munster Says Street’s Underestimating Company, Dan Ives Notes Demand For AI Chips ‘Not Slowing Down
Nvidia shares fell over 3% after posting strong Q2 earnings and upbeat guidance, as analysts Dan Ives and Gene Munster said Wall Street is underestimating soaring AI chip demand and future growth potential. read more
Nvidia, CrowdStrike, Snowflake, CoreWeave, Polestar Automotive: Why These 5 Stocks Are On Investors’ Radars Today
U.S. stocks closed higher on Wednesday, with the Dow Jones Industrial Average up 0.3% at 45,565.23. read more
Cathie Wood’s Raises Wager On Ethereum-Hoarding Bitmine: Ark Buys Stock Of Tom Lee-Backed Company, Dumps Shares Of Sports Betting Giant
Ark Invest, led by Cathie Wood, executed significant trades on Wednesday, focusing on Bitmine Immersion Technologies Inc. (NYSE:BMNR) and DraftKings Inc. (NASDAQ:DKNG). read more
Peter Thiel Once Said Elon Musk And Mark Zuckerberg Are Convincing, But Jensen Huang’s Nvidia Is The Real AI Race Winner Because Of This One Reason
Peter Thiel said he won’t pick between Elon Musk, Sam Altman or Mark Zuckerberg in the AI race but argued Nvidia is the clear winner, dominating AI hardware after decades of neglect in semiconductor startups. read more