| | | | Meet the team that helps us create Stocks & Income | Newsletter publishing is hard work. You need to source stories, summarize articles and produce professional looking newsletters day in, day out. | It's also hard (and expensive) to hire and manage someone who can pull this off too. | The solution? A low cost monthly package from Orbit | | | Orbit was started by two Alts community members, Louis and Shaun. (We were actually their very first customer!) |
| What Orbit does: | They help us find the stories that matter Create copy and links Save us time formatting everything All for one (very fair!) monthly price | If you like the style of this newsletter and want to create something similar for your business, check out Orbit. | They'll take good care of you, just like they have with us. 🤝 | | (Or reply to this email for a warm intro to Louis) | | 📰 Market Headlines | | Stocks rallied to near-record highs as Powell signaled upcoming rate cuts at a Jackson Hole speech. The S&P 500 climbed within 1% of its record close on Friday, with all major indexes gaining over 1% for the week. Nvidia's Wednesday earnings report looms large, with Wall Street expecting 109% year-over-year profit growth. The PCE price index is set for release on Friday and is expected to show the slowest year-over-year inflation since March 2021. The Kroger-Albertsons merger, the largest in US grocery history, is facing FTC court challenges over competition concerns. Boeing announced its Starliner will return from the ISS without astronauts, with NASA instead using SpaceX’s Dragon capsule for their February 2025 return. |
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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 | Poor Australia. | | What you had to say: | “New years in Paris (if my award travel dates open up at the hotel).” | 📈 Trends you need to know | | Nvidia has beaten on earnings in each of the last four quarters. |
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| | 🧠 What do you think? | All eyes are on Nvidia this week. What will happen? | Nvidia's earnings will come in | | | 📊 Stocks | | | Winners and losers | Earnings, upgrades, and acquisitions | Another week, another slew of earnings reports. Here’s who to look out for: | Monday: Trip.com (TCOM) Tuesday: Bank of Montreal (BMO), Box (BOX), Nordstrom (JWN) Wednesday: Nvidia (NVDA), Abercrombie & Fitch (ANF), Bath & Body Works (BBWI), CrowdStrike (CRWD), Chewy (CHWY), Foot Locker (FL), Five Below (FIVE), HP (HPQ), Kohl's (KSS), Salesforce (CRM) Thursday: American Eagle Outfitters (AEO), Best Buy (BBY), Birkenstock (BIRK), Burlington Stores (BURL), Campbell's (CPB), Dell (DELL), Dollar General (DG), Gap (GAP), Lululemon (LULU), Ulta Beauty (ULTA) | | Market movers | Threads confirmed it is testing ephemeral posts that disappear after 24 hours with a limited number of users. Amazon purchased a $650 million nuclear-powered data center to meet AI's growing energy demands. The Port of Seattle and Sea-Tac Airport were hit by a possible cyberattack affecting websites and phone systems. Apple will reportedly unveil the iPhone 16 lineup on September 10, with larger screens on Pro models and a new button for taking pictures. Telegram founder Pavel Durov was reportedly arrested in France, facing allegations related to the app's lack of content moderation. Elon Musk told X staff they can get their stock grants if they submit a one-page summary of their contributions to the company. | Ideas, trends, and analysis |
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| Home insurance affordability stress hit 15% of Australian households, up from 11.6% last year, as climate risks drive premiums higher. AI's energy appetite surged 64%, reaching 134 terawatt hours annually by 2027, equivalent to Sweden's electricity usage. The Harris campaign raised $40 million since her convention speech, bringing total election efforts to $540 million. Former President Donald Trump called for increased legal immigration, citing AI and labor needs. |
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| | | | 🌍 Global Perspectives | 🇵🇸 🇮🇱 Hamas rejected new Israeli conditions in Gaza ceasefire talks, casting doubt on the latest U.S.-backed effort to end the 10-month-old war. 🇲🇲 Tens of thousands of Rohingya refugees rallied in Bangladesh camps on the seventh anniversary of their exodus from Myanmar, demanding an end to violence and safe return. 🇧🇩 Floods in Bangladesh killed at least 20 people and affected over 5.2 million, prompting urgent calls for humanitarian assistance. 🇲🇱 Drone strikes killed at least 21 people, including 11 children, in Mali's northern town of Tinzaouaten, according to Tuareg rebels. 🇮🇱 🇱🇧 Israel and Hezbollah exchanged their heaviest fire in months, with Hezbollah claiming to hit an Israeli military intelligence site near Tel Aviv. 🇮🇱 Israel's cabinet approved a $923 million expansion in the 2024 state budget to help fund evacuees until the end of the year. 🇺🇦 🇮🇳 Ukrainian President Volodymyr Zelenskiy said he would support India hosting a second summit on peace. |
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| | 📊 Crypto | | Spot Bitcoin ETFs recorded $64.91 million in net inflows on Thursday, marking six consecutive days of positive flows. Sony Group unveiled plans for Soneium, an Ethereum Layer-2 network, aiming to bridge Web3 with everyday internet services. A US District Judge denied Kraken's motion to dismiss the SEC's lawsuit, allowing the case against the crypto exchange to proceed. | |
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| | 🧠 Errata | Thousands of redheads gathered in the Netherlands for the annual Redhead Days Festival, celebrating their rare 1-2% of the global population. Italian authorities opened a manslaughter probe into a superyacht sinking off Sicily that claimed seven lives. Dr. Anthony Fauci caught West Nile virus and was hospitalized. Hackers compromised McDonald's Instagram account, conducting a $700,000 rug pull with a fake GRIMACE token. The electric-plane future has taken off, with Beta Technologies flying people in a 250-mile range aircraft that's quieter and 40 times cheaper to operate than jet-fueled planes. |
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| | 📺 What to Watch Today | | Electric planes: The future of aviation? |
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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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