Ever since the cold card firmware flaw hit the space, cold storage devices are now getting targeted. The cold card firmware flaw is now up to almost 2,000 plus Bitcoin getting wiped from over 7,000 plus wallets, which is just insane. But on top of that, many other cold storage opportunities out there in the space, like for an example, Treasure, are also getting targeted with paid ads to impersonate legit sites through fishing sites.This is insane. This is why this is probably one of the best times to be loc ...

Joseph Weisenbab is quite an incredible character and he's particularly fascinated by the American notion of the con. He works for General Electric um who at the time had been tasked with producing a new computer system uh really to save the banking system in America because of the use of paper checks. The quantity of checks was so huge that they couldn't be managed by uh human tellers anymore.So they needed to computerize the system and vice was very much part of that computerization process and he almost ...

Francisco Blanche of Bank of America writing, we do not think the world has a crude oil problem right now, but are very worried about fuel availability. Francisco joins us now for more. Francisco, wonderful to see you. Great to see you, Lisa.What's going on. Why are oil prices declining today. Well, I mean, look.The the market is incredibly volatile. We have this news that maybe there's more more crude oil coming through, The Strait, but, we still have three of the world's, four main refining centers, basic ...

Bank of America agreed to buy as much as 49.9% of a lending unit of Jio Financial Services for about $1.9 billion, giving the second-largest US lender direct access to India’s booming economy https://t.co/ecCe0XO8ZG ...

Meanwhile, new inflation data out today. Consumer prices in July rising a tenth of a percent to an annual rate of 3.4%. The report coming in line with Wall Street estimates.BFA securities sticking with its three rate hike forecasts following the print in a note to clients, but it comes with a caveat. Aditia Bave is behind the call. He is the firm's head of US economics.Uh DT, great to have you with us. So, still you're calling for three. Nothing has changed.>> Why. >> Sure. So, the way we think about the Fe ...

Macroeconomic Trends - US consumer prices rose 0.1% in July, bringing the annual inflation rate to 3.4% as gasoline and grocery prices fell [1] - The US economy unexpectedly lost 23,000 jobs in the previous month, intensifying affordability challenges for first-time home buyers amidst a cooling labor market [2] - The USDA increased its projections for US corn and soybean output in its August report due to higher planted acreage [8] Corporate & Technology Sector - Wendy's shares surged following reports of Nelson Peltz's Trian Fund Management preparing a take-private bid and adding 0.07% to its holdings [3] - Nvidia announced a $500 billion artificial intelligence financing initiative to accelerate AI development and adoption [4] - Nebius reported a 514% jump in AI cloud sales driven by robust demand and Nvidia's massive funding plan [5] - Bank of America announced a $250 billion investment plan to modernize US infrastructure targeting critical sectors nationwide [6] - Cisco Systems reported better than expected quarterly earnings and raised its fiscal 2027 revenue outlook, with analysts estimating earnings per share of $0.87 and revenue of $16.8 billion [9][10]

Bank of America agrees to buy as much as 49.9% of a lending unit of India’s Jio Financial Services for about $1.9 billion https://t.co/EAVk30O85R ...

Market Performance & Financial Highlights - Major stock market averages closed mixed, with the Dow falling 21 points, the S&P 500 rising 20 points, and the Nasdaq gaining 143 points [1] - Energy sector companies Marathon Petroleum, Philips 66, and Valero, alongside financial institutions JP Morgan Chase and Bank of America, reached fresh all-time highs in share prices [2] - Home Depot shares declined by 3%, leading the Dow downward [1] Macroeconomic Trends & Inflation - The US budget deficit surged to its highest level since March 2021, driven by debt financing, Medicare, and war costs [2] - Headline Consumer Price Index (CPI) year-over-year inflation hit 3.4% in July, while gasoline saw a month-on-month decline of 2.9% [4] - Airline fares increased by 2.2%, food at home rose by 0.1%, and food away from home grew by 0.3% [5] Industry Dynamics & Corporate Developments - The Los Angeles Lakers sports franchise agreed to a record-breaking acquisition deal of $12 billion, representing a 20% price increase within a single year following the previous $10 billion purchase [3][4] - Alphabet Inc.'s Google launched the Pixel 11 and Pixel 11 Pro Fold featuring Gemini AI integration to advance autonomous agent capabilities [7][8] - China's state-owned aircraft manufacturer Comac completed its first international flight, though challenges remain regarding reliance on foreign components and Western certification [8][9] - The National Retail Federation forecasted that K-12 public school families will spend a record-breaking $43 billion, averaging $864 per family, on back-to-school shopping [9]

Market Trends & Industry Dynamics - CoreWeave and Super Micro reported strong earnings and revenue forecasts, driven by booming demand for AI infrastructure and neo-clouds [1][2][8] - Super Micro forecasted up to $15 billion in revenue for the current quarter, with gross margins stabilizing around 10% and projected to rise to 11% next year [8][10][14] - Bank of America pledged $250 billion through July of next year to develop critical U.S. infrastructure, including data centers and compute power [17][21] - AI adoption continues to rise, with 25% of S&P 500 companies quantifying benefits from AI adoption, up from 14% a year ago [24] - Silicon Data raised a $30.5 million Series A round to build independent benchmarks for AI compute [53] Investment Opportunities & Potential Risks - Major bottlenecks for data centers include a severe shortage of electricians and specialized labor, alongside an estimated 40 gigawatt shortfall in power through 2028 [29] - U.S. companies face regulatory and geopolitical uncertainties when considering open-weight models, while 63% currently use both closed and open models in parallel [37][38][40] - AI music startup Suno faces headwind including lawsuits from major music labels and industry concerns regarding AI audio dilution [82][85][86] - Silicon Data plans to launch neo-cloud GPU futures and pricing benchmarks on October 5th to help compute consumers hedge price volatility [58]

Market Trends and Stock Performance - Major stock market averages traded in positive territory, with the Dow Jones Industrial Average rising by 30 points and the S&P 500 index increasing by 17 points [1] - Technology sector showed strong performance, led by Nvidia shares rising by 2.8% and chipmaker shares trading mostly green [1] - Financial and energy institutions including JP Morgan, Bank of America, Marathon Petroleum, Phillips 66, and Valero reached fresh all-time highs [2] - US crude oil remained above $83 per barrel following vessel attacks in the Red Sea and the Gulf of Oman, while the national average for regular gasoline reached $4.3% [2] M&A and Corporate Valuations - The Los Angeles Lakers sports franchise achieved a new record high price, being acquired for $12 billion by investors Josh Kushner and Bob Iger [2][3] - The franchise changed hands within the span of about a year at a 20% increase compared to Mark Walter's previous purchase price of $10 billion [4] Macroeconomic and Inflation Data - The Consumer Price Index (CPI) for July increased by 0.1% on a month-over-month basis, while the headline year-over-year inflation rose to 3.4% [5] - Gasoline prices experienced a month-on-month decline of 2.9% [5], whereas airline fares increased by 2.2%, food at home by 0.1%, food away from home by 0.3%, and owner's equivalent rent by 0.3% [6] - Core Personal Consumption Expenditures (PCE) data was projected at an annual rate of 3.3%, indicating ongoing challenges for the Federal Reserve to reach its 2% inflation target [7][8] Technology and Product Releases - Google launched the Pixel 11 and Pixel 11 Pro Fold, integrating Gemini intelligence to connect cross-app information and operate as an autonomous agent [9] - Apple prepared to introduce its rebuilt Siri powered by Google's Gemini models shortly after Google's product rollout [10]