| | | 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 | | Stocks fluttered northward yesterday as key inflation readings loom ahead. The S&P 500 rose nearly 0.1%, while the Dow Jones edged up 0.1%. Meanwhile, the Nasdaq led the gains, rising 0.3%. The personal consumption expenditures price index, a key inflation measure, is expected to show little to no monthly increase for May. | The NTSB sanctioned Boeing for revealing 737 MAX probe details, referring its conduct to the DOJ. | The Supreme Court blocked Purdue Pharma's $6 billion settlement, preventing the Sackler family's protection from future opioid lawsuits. | The Center for Investigative Reporting sued OpenAI and Microsoft for copyright infringement, joining major newspapers. Two very old men argued about golf last night. |
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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 | Really? How? | | 📈 Trends you need to know | | Name a successful mega-merger. I’ll wait. |
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| | 🧠 What do you think? | After last night's debate, what's the most likely outcome? | | | 📊 Stocks | | | Winners and losers | Earnings, upgrades, and acquisitions | Walgreens stock fell 25% after missing Q3 earnings; EPS dropped 36.6%. McCormick & Company beat Q2 EPS expectations; shares rose 2%. Nike beat Q4 EPS estimates, but missed revenue expectations; shares rose 1.5%. Acuity Brands’ Q3 net sales fell, however, shares climbed 4%. American Outdoor Brands’ Q1 CY2024 revenue rose 9.7%, pushing shares up 2.56%. | Market movers | Uber and Lyft announced they will pay drivers $32.50 per hour in Massachusetts. The settlement includes benefits and resolves wage law violations. Hebbia raised nearly $100 million in a Series B led by Andreessen Horowitz at a $700-800 million valuation for its AI document search tool. A jury ruled that the NFL violated antitrust laws with its Sunday Ticket service and awarded $4.7 billion in damages. That’s thousands of $$ per household. The California Legislature approved bills to amend a law allowing workers to sue employers over labor violations. | Ideas, trends, and analysis |
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| Pending home sales hit an all-time low in May, with the index falling 2.1% from April and 6.6% year-over-year. The Congressional Budget Office raised its 2024 deficit estimate by 27% to $1.9 trillion, reducing median household income by $7,500 annually over the next 30 years. Continuing applications for unemployment benefits reached 1.84 million last week, the highest since November 2021. |
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| | | | 🌍 Global Perspectives | 🇧🇴 Bolivian authorities announced 17 arrests, including military personnel, after a failed coup attempt during the economic crisis. 🇮🇱🇵🇸 Israel stormed a neighborhood in Gaza City, ordering Palestinians to move south, and bombed the city of Rafah. 🇨🇳 China has expelled two former defense ministers from the Communist Party over corruption accusations likely leading to life sentences. 🇧🇷 Brazil's economy created 131,811 formal jobs in May, the worst for any May since 2020. |
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| | 📊 Crypto | | Bitcoin endured its sixth major correction since the FTX collapse, dropping nearly 20%. Coinbase sued the SEC and FDIC for internal records on their approaches to crypto regulation. Marathon Digital mined $16 million worth of Kaspa tokens since September, diversifying from Bitcoin. Crypto losses from hacks and rug pulls doubled to $572 million in Q2 2024, with CeFi being the main target. | |
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| | 🧠 Errata | A Florida family sued NASA after space junk from the ISS crashed through their roof. A rare comet with a 69-year orbit, last seen in 1956, is set to approach Earth again. A giant sinkhole swallowed up the center of a soccer field. |
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| | 📺 What to Watch Today | WTF? | | Massive sinkhole swallows Illinois soccer field, drone video shows |
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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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