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7/30
09:07
On-chain data shows that a single burn of USDC tokens occurred, totaling 55,756,592 tokens, worth approximately $55.76 million.
09:05
Online used-car retailer Carvana (CVNA) reported record second-quarter results, beating revenue and profit expectations with $7.376 billion in revenue and $0.42 adjusted EPS. However, its stock tumbled over 6% in premarket trading after its full-year adjusted EBITDA guidance of $2.7 billion to $3.0 billion fell short of Wall Street's expectations.
09:05
Craig Johnson, chief market technologist at investment bank Piper Sandler, said that the rally in “Magnificent Seven” stocks “may be over” and that the market is shifting toward the healthcare and financial sectors.Johnson noted that Piper Sandler has been reducing its exposure to technology stocks since February. He cited Microsoft (Microsoft)’s short position—which has reached an 11-year high—and NVIDIA (Nvidia)’s revenue growth of 85% despite a year-to-date stock price increase of only 6% as examples of this shift.Over the past week, the Invesco QQQ Trust (QQQ), which tracks technology stocks, fell 4.72%, while funds in the healthcare and financial sectors rose.
08:54
Steve Eisman, the investor famed for his 'Big Short' bet against the U.S. housing market, has warned that artificial intelligence (AI) is 'one trade' and predicts a 'big correction' if the sector fails to meet investors' high expectations. Eisman revealed he has reduced his own exposure to AI by selling his long-held Alphabet shares. He expressed concern that too much money has poured into the sector, making portfolios overly concentrated in AI-related companies, even for those who believe they are diversified. While he believes AI technology will be transformative, he cautioned that successful technology does not always translate into successful investments, drawing parallels to the dot-com bubble.
08:49
Canadian oil exploration company Trillion Energy International Inc. announced it will rebrand as Dune Oil Corp, effective August 4, with shares trading under the new ticker "DUNE" on the Canadian Securities Exchange. This change reflects its deepened strategic focus on oil development and exploration in Türkiye, where it holds an interest in the M47 oil exploration block. The company also closed a private placement, raising C$154,500, and settled C$168,000 in debt.
08:49
Jim Cramer, host of Mad Money, is buying Intel (INTC) shares, citing the company's strong Q2 FY2026 results and an AI-driven turnaround. Intel reported $16.13 billion in revenue, a 25.4% year-over-year increase and its strongest revenue growth in 15 years, with its Data Center and AI segment revenue up 59% year-over-year. Cramer is avoiding Cerebras (CBRS) despite its 94% revenue growth, due to its negative operating margins and negative shareholders' equity. Intel's turnaround is also supported by significant investments from Nvidia, SoftBank, and the U.S. government.
08:44
The Columbia Seligman Global Technology Fund reported that it missed the significant rally in Sandisk Corporation (SNDK) during the second quarter of 2026, which detracted from its relative performance. Sandisk shares surged by 2,266.94% over the past 52 weeks, driven by a massive increase in demand for high-bandwidth memory to support AI workloads. The fund's Institutional Class shares returned 50.34% in Q2 2026, outperforming the MSCI World Information Technology Index's 33.65% gain, primarily due to strong stock selection in semiconductors and technology hardware.
08:43
On July 27, U.S. space exploration company Rocket Lab announced that it had signed a $266 million contract with the U.S. Space Force’s Rocket Systems Launch Program. The contract covers 12 suborbital missions, with an option to add up to six more, and will primarily be conducted from the new launch site in Kodiak, Alaska. This is Rocket Lab’s largest launch contract to date and further strengthens its relationship with the U.S. government.
08:43
Chris Caso, a senior analyst at Wolfe Research, said the semiconductor industry is unlikely to face an oversupply situation before 2028. He noted that current AI-driven demand continues to outpace supply, while new fab construction takes years to complete, and TSMC’s capacity is already fully booked. NVIDIA, Micron, and AMD have all reported strong results, with NVIDIA posting Q1 FY2027 revenue of $81.61 billion and Micron reporting Q3 FY2026 revenue of $41.46 billion.Caso is particularly bullish on the memory sector, as DRAM and HBM suppliers face severe supply constraints. NVIDIA has also secured its supply chain by providing funding to SK Hynix and OpenAI.
08:38
The US dollar weakened against the Japanese yen, with the yen rising 0.3% to a one-week high of 162.88 per dollar. This movement occurred as market attention shifted to the upcoming US Personal Consumption Expenditures (PCE) Index report, which investors will scrutinize for clues on future interest rate paths. Economists anticipate the index to show a 3.7% annual rise in June, down from 4.1% the previous month. Traders have increased their expectations for the Federal Reserve to keep interest rates unchanged in September, with the probability now at 34.8%.
08:33
The Dow Jones Industrial Average rose as investors awaited key inflation data. Meanwhile, Meta Platforms' stock plunged following its earnings report.
08:33
The U.S. economy grew at an annualized rate of 1.5% in the second quarter, falling short of the consensus estimate of 1.8%.
08:32
The US June Core Personal Consumption Expenditures (PCE) Price Index rose 0.1% month-over-month, which was below the estimated 0.2% increase. The June PCE Price Index fell 0.1% month-over-month, matching estimates. On a year-over-year basis, the June PCE Price Index rose 3.7%, in line with estimates, while the Core PCE Price Index also rose 3.3% year-over-year, matching expectations.
08:24
Goldman Sachs Traders say the U.S. stock market lacks the momentum needed to make a meaningful breakout. Over the past two months, investors have been unable to find clear signals to break the deadlock in the U.S. stock market.
08:20
According to Bernstein’s analysis, the partnership between crypto mining firm Core Scientific and chipmaker AMD is expected to generate $14 billion in revenue over the next 15 years. The analysis notes that AMD will support Core Scientific’s “neocloud” leasing service and holds warrants for 30 million shares of Core Scientific (CORZ).

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