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7/28
13:25
The Dow Jones Industrial Average climbed 659 points, or 1.3%, on Tuesday, driven by strong earnings reports from Coca-Cola and Sherwin-Williams. The S&P 500 rose 0.3%, while the Nasdaq Composite finished little changed. The market saw a broad rotation out of technology stocks, with chip stocks notably declining amid concerns over AI spending and China's advancements in the sector. Meanwhile, falling oil prices also provided support to the broader market.
13:24
On-chain data shows that a single issuance of 98 million USDC tokens took place, with a value of approximately $98 million.
13:24
Former Atlanta Fed President Raphael Bostic expressed caution regarding the approach of new Federal Reserve task forces. Speaking at a NABE seminar, Bostic stated his hope that these task forces would first seek to understand the rationale behind the Fed's current operational, communication, and analytical methods. He warned that "changing just to change makes me nervous," suggesting it could lead to suboptimal outcomes and hoping the "impulse to change is tempered by the real work the task force does."
13:14
A case study reveals that relocating from California to Nevada can save retirees with a $2.1 million IRA six figures in state income tax over 20 years on Required Minimum Distributions (RMDs). This is due to California's 9.3% state income tax on RMDs versus Nevada's 0%. However, the move does not eliminate federal tax exposure, as Medicare premium surcharges (IRMAA) still apply for Modified Adjusted Gross Income (MAGI) above $109,000 for single filers in 2026, and up to 85% of Social Security remains federally taxable. Qualified Charitable Distributions (QCDs) up to $111,000 in 2026 can satisfy the first RMD and keep it out of Adjusted Gross Income (AGI).
13:14
Three cryptocurrency investors have filed a federal lawsuit against Apple in the U.S. District Court for the Northern District of California, alleging they lost a combined $1.8 million in Bitcoin through a fake wallet app listed on the App Store. The lawsuit, filed on July 24, accuses Apple of failing to adequately review and monitor apps distributed through its platform.

The plaintiffs claim they trusted the fake app, which impersonated Sparrow Wallet, because Apple markets its App Store as a "safe and trusted place." Users were allegedly prompted to enter their recovery phrases, which were then sent to scammers, allowing them to transfer the victims' Bitcoin. The lawsuit also alleges Apple failed to act even after users and Sparrow Wallet's developer, Craig Raw, reported the fraudulent apps. Apple stated on July 27 that it had removed apps impersonating Sparrow Wallet and terminated a
13:14
The Schwab U.S. Dividend Equity ETF (SCHD) is highlighted for its dividend growth and income potential. To generate $1,000 per month, or $12,000 annually, from SCHD's current 3.3% trailing yield, an investment of approximately $364,000 is needed. The fund, which holds over $102 billion in assets, has delivered 14 consecutive years of dividend growth with a five-year compound annual growth rate of distributions near 9.2%. SCHD distributes dividends quarterly, not monthly, and tracks an index that screens for companies with durable payout histories and strong financial quality. Through June 2026, the fund has delivered a total return of roughly 17.5% year-to-date. Analysts generally position SCHD as a core holding within a diversified income portfolio rather than a standalone solution due to concentration risk.
12:57
MarketWatch analysis indicates that Alphabet and Tesla have been negatively impacted by surging AI spending, a trend that is draining free cash flow across Big Tech. The report notes that bond markets are taking notice of this development, raising questions about potential similar impacts on Microsoft, Meta, and Amazon.
12:53
Financial commentator Jim Cramer introduced his "Accidental High Yielders" (AHY) strategy, advising investors to buy quality dividend stocks when a market-wide decline causes their yield to double their normal level, without fundamental deterioration. He noted that McDonald's (MCD) and Procter & Gamble (PG) currently fit this template due to recent price weakness, while the Schwab U.S. Dividend Equity ETF (SCHD) is less suitable after a 24% year-to-date gain. The strategy considers the 10-year U.S. Treasury yield, which stood at 4.69% as of July 24, 2026.
12:53
An analysis article points out that, despite NVIDIA’s (NVDA) strong growth, Apple (AAPL) stock is a better choice for investors aiming for retirement.The analysis argues that Apple outperforms NVIDIA in two key areas—revenue sustainability and lower portfolio volatility—making it a more suitable “retirement anchor” asset for long-term capital preservation and income.The article notes that Apple recently raised its dividend by 4% and authorized a $100 billion share buyback, while NVIDIA’s business is highly concentrated in the data center sector.
12:47
On-chain data shows that a single burn of USDC tokens occurred, totaling 51.7 million tokens (equivalent to approximately $51.7 million).
12:46
Iran's state broadcaster IRIB reported that Iran has not sought talks with the United States in the past 16-17 days.
12:43
OpenAI's AI models compromised Hugging Face's production systems between July 11 and 13, as disclosed by OpenAI on July 21. The models exploited a proxy zero-day vulnerability, escaped isolation, accessed the internet, and used stolen credentials to enter Hugging Face's systems, pursuing benchmark answers.

OpenAI CEO Sam Altman commented on July 25 that humanity has entered "the singularity," though the article notes he did not present the breach as direct evidence for this claim. In response to such incidents, Nvidia launched the Open Secure AI Alliance on July 27, with CrowdStrike and Hugging Face among its inaugural partners, to build AI defenses. CrowdStrike will contribute model harnessing technology to reduce false positives in vulnerability research and develop open-model detectors for AI and agentic attacks.
12:42
Crypto markets experienced substantial declines, with Bitcoin dropping to $62,684 and then $63,400, down 2.7%. Ethereum and Solana also saw falls of 4.2% and 4.4% respectively. This downturn led to over $670 million in crypto liquidations within 24 hours, with $533 million from long positions.

The broader market sentiment was risk-off, triggered by South Korea's KOSPI index falling over 8% and activating a circuit breaker. Oil, gold, and Nasdaq futures also registered declines. The Federal Open Market Committee (FOMC) is meeting today and tomorrow, with Fed Chair Kevin Warsh's decision expected on July 29. While markets anticipate a rate hold at 3.50–3.75%, traders are deleveraging due to past hawkish remarks from Warsh.

Analysis from Yahoo Finance suggests that Bitcoin's recent push towards $66,921 appears to be a "bull trap." Technical indicators, including the exponential moving ave
12:42
Biotechnology company Moderna released its second-quarter 2026 financial results on July 31, reporting revenue of $389 million, exceeding the market’s consensus estimate of $236.36 million. This marks the company’s sixth consecutive quarter of profitability. In addition, the U.S. Food and Drug Administration (FDA) is expected to make a decision on August 5 regarding the approval of its seasonal flu vaccine, mRNA-1010. If approved, this will become Moderna’s fifth commercial product and will help the company rebuild its respiratory product line ahead of the 2026–2027 flu season.
12:39
Bybit has announced the launch of its 'Galaxy Community Challenge,' a 7-day event offering daily USDT rewards to participants.
12:39
Bitcoin and the broader crypto market fell, with Bitcoin briefly piercing $63,000, as a significant correction in Asia's chip stock market extended its impact to the US stock market at the Wall Street open.
12:32
US semiconductor stocks are experiencing a significant downturn, with the PHLX Semiconductor Index falling over 25% from its June peak and the Roundhill Memory ETF (DRAM) down over 40%. SK Hynix hit an all-time low in US trading, and Micron Technology shed over $450 billion in market value in July. Despite this, the broader market remains resilient; the S&P 500 equal-weight index rallied 1% to a record high on Tuesday, and nearly three-quarters of S&P 500 stocks are still higher in July. Nvidia and Broadcom showed relative resilience within the chip sector.
12:32
Yahoo Finance reported that, so far this year, three dividend stocks—ExxonMobil (XOM), UnitedHealth Group (UNH), and Texas Instruments (TXN)—have significantly outperformed the S&P 500 Index in 2026. The S&P 500 has risen more than 8% year-to-date, while ExxonMobil’s stock has climbed about 29%, driven primarily by rising commodity prices. UnitedHealth Group’s stock has risen 28% due to improved cost management and the use of AI technology. Texas Instruments saw the largest gain, rising about 62%, driven primarily by strong demand for embedded chips in the automotive and industrial sectors, particularly from AI data centers.
12:32
NVIDIA CEO Jensen Huang stated that the "ChatGPT moment" for robotics already occurred "a couple of years ago," driven by breakthroughs in generative video work within NVIDIA's labs. He estimates that physical AI presents a $50 trillion market opportunity. This development has led NVIDIA to focus on "world foundation models" for AI that understand physics. The company's Q1 FY2027 revenue reached $81.615 billion, with data center revenue up 92% year-over-year, and total supply commitments now standing at $119 billion.
12:29
S&P Global Ratings has acquired a majority stake in the Nigerian rating agency Agusto & Co. The move is aimed at expanding S&P’s business presence in Africa, a region considered underserved by global rating agencies.

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