| | | Get your piece of the sun ☀️ | With a cool new concept: Community Solar | Neighborhood Sun connects people to local solar farms for clean energy. It's a game-changer for those who have an electricity bill, but are unable to install solar panels (for example those who rent their home, or live in an apartment or condo, etc..) | | Neighborhood Sun is on Wefunder! |
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| They're raising $500,000 on WeFunder to expand their platform into new markets. | Why invest in Neighborhood Sun? | Obvious demand: Everyone wants to save money. Neighborhood Sun customers can save up to 30% on their electric bills. Revenue growth: They've grown revenue 318% over the past 2 years building out the Sun Engine platform Project growth: There are 134 community solar projects live on the platform Sustainable impact: Neighborhood Sun is a Certified B Corp using business as a force for good. | Join Neighborhood Sun in making solar energy accessible to all. | It's better for your wallet, your planet, and your community. | | | 📰 Market Headlines | | The market inched upwards yesterday, driven mainly by Amazon's surge to a record-breaking market cap. The S&P 500 rose 0.2%, while the Dow Jones edged 0.04% higher. Meanwhile, the Nasdaq Composite was up about 0.5%. Amazon stock rose 3.9%, giving the e-commerce giant a market value of over $2 trillion for the first time ever. | Morgan Stanley announced the rollout of an OpenAI-powered assistant to automate notes for 15,000 wealth advisors. | Rimac launched "Verne," an autonomous robotaxi startup, debuting its futuristic EV in Zagreb, Croatia, ahead of Tesla's robotaxi. | NASA awarded SpaceX an $843 million contract to build the vehicle that will deorbit the International Space Station when its lifespan ends around 2030. [Ed: deorbit is a fancy word for crashing] |
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| | 🕶️ Market Vibes | 🎰 Market Forecasts and Futures | Forecasts via Kalshi, the prediction market. | | 😱 Fear and Greed Index | | | 🎤 What you said last time | This is not great for Elon | | 📈 Trends you need to know | | Is Japan doomed? |
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| | 🧠 What do you think? | Who wins this three-way fight? | | | 📊 Stocks | | | Winners and losers | Earnings, upgrades, and acquisitions | Levi Strauss missed Q2 revenue expectations, tumbling shares by 11%. BlackBerry posted a narrower-than-expected loss, boosting shares up 6.2%. General Mills Q4 organic sales plunged 10% internationally; shares sank 4.6%. Concentrix jumped 2.5% after reporting a 47.4% revenue surge. Paychex dropped 6% despite beating Q4 EPS estimates. Jefferies Financial Q2 profit surged nearly 12-fold, however shares remained unchanged. AeroVironment reported a 57% drop in earnings, dropping share price by 5%. | Market movers | Acrisure Arena invested $168.5 million into the Coachella Valley economy, supporting nearly 2,000 jobs. Boeing is set to resume widebody jet deliveries to China after a regulatory review halt. The FDA approved Verona Pharma's inhaled COPD therapy, Ohtuvayre, marking the company's first treatment for the chronic lung disease. Amazon announced plans for a discount section with cheap items shipped from China to compete with Temu and Shein. [Ed: This feels like the wrong strategy] The US Conference of Catholic Bishops announced major layoffs to its social justice department, cutting staff by 50%. Ginkgo Bioworks is set to cut up to 400 employees, 35% of its workforce, to reduce costs. | Ideas, trends, and analysis |
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| New home sales hit six-month low in May, falling 11.3% as mortgage rates rose. Moderna shares have dropped 11% as RSV vaccine efficacy fell from 55% to 36%. EU agricultural prices fell in Q1 2024, with output down 6% and input 11%. Air freight emissions have increased 25% since 2019, with 300,000 more flights in 2023. US energy production exceeded consumption by a record 9 quadrillion BTUs in 2023. |
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| | | | 🌍 Global Perspectives | 🇭🇳 A Former Honduran President was sentenced to 45 years for drug trafficking by a US judge. 🇰🇪 The Kenyan President withdrew tax hikes after protests and parliamentary storming. 🇰🇵 🇰🇷 The South Korean military reported a failed North Korean hypersonic missile test. 🇯🇵 The Yen hit a 38-year low, causing concern among Japanese authorities. 🇺🇸 🇷🇺 The US and Russian defense chiefs spoke by telephone in rare communication between the two powers. |
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| | 📊 Crypto | | Crypto firm Abra settled with 25 US states for operating without licenses, resulting in the CEO being barred for 5 years and $82.1 million in refunds. Tether's USDT supply surged by $580 million on a Telegram-linked TON blockchain in under two months. The US government transfered 3,940 Bitcoin seized from a convicted drug trafficker to Coinbase. | |
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| | 🧠 Errata | A beloved black bear in Delaware, named "Delabear," was fatally struck by a car. Denmark is set to hit gassy cows and pigs with the world's first carbon tax. Giving frogs a sauna might help them fight off a deadly fungus. I guess we're not so different after all. A New Jersey man was killed by lightning while warning kids of an impending storm. A Texas hospital is the first in the US to use holograms for doctor-patient visits. |
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| | 📺 What to Watch Today | I’d like to him hit my knee with a little hammer now. | | Texas hospital using holographic tech for doctors visits |
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| | That’s all for today. Did I miss anything? Smash the reply button to let me know. | Cheers, | Wyatt |
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