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RSVPs for our Nashville trip in October go live tomorrow. If you’re into music and making money from music, it could be right up your street. |
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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. |
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📰 Market Headlines |
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Nvidia bounced back and pulled the Nasdaq up along with it. The Nasdaq surged 1.3% and the S&P 500 gained 0.4%, while the Dow declined 0.8%, losing 300 points. Nvidia's 7% rebound after a three-day slump was the main driver behind the tech-heavy Nasdaq's gains. Volkswagen has taken a $1 billion stake in EV startup Rivian, with plans for a joint venture, pushing Rivian shares over 30%. Tesla recalled the Cybertruck to fix faulty windshield wipers and loose trim pieces, marking the third and fourth recalls for the EV. PetroChina agreed to pay a $14.5 million fine for misclassifying ultra-low-sulfur diesel as a mineral oil mix for 2019-2020 exports to Mexico. |
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🕶️ Market Vibes |
🎰 Market Forecasts and Futures |
Forecasts via Kalshi, the prediction market. |
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😱 Fear and Greed Index |
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🎤 What you said last time |
Two great options. |
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📈 Trends you need to know | | Yesterday’s big news pushed Rivian shares above Tesla for the last twelve months, but it’s been an awful year for them both. |
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🧠 What do you think? |
Which EV stock would you rather own? |
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📊 Stocks |
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Winners and losers |
Earnings, upgrades, and acquisitions |
FedEx reported revenue and earnings beats and a drop in capital spending, launching the stock up 15%. TD SYNNEX fell 9.6% after missing both Q2 earnings and revenue estimates. Carnival beat Q2 forecasts and raised full-year EPS guidance; shares climbed 5%. Progress Software beat Q2 adjusted EPS estimates, pushing shares up by 1%. |
Market movers |
GM's Cruise autonomous vehicle unit named former Amazon and Microsoft Xbox executive Marc Whitten its new CEO. Reddit has begun updating its web standard to block automated data scraping from its website by AI startups. A US judge rejected a $30 billion antitrust settlement in which Visa and Mastercard agreed to limit fees they charge merchants. Paramount Global's co-CEOs have hired bankers to evaluate asset sales and identified areas for job cuts. |
Ideas, trends, and analysis |
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High office vacancy rates could damage the economy this year, with 20% of the $4.7 trillion in commercial mortgage debt coming due. 80% of marginal farmers in India were affected by adverse climatic events in the past five years, with 43% losing at least half their crops. The typical newly built house in the US is shrinking, with a median size of 2,140 sq ft in Q1 2024, the smallest since 2009. |
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🌍 Global Perspectives | 🇫🇮 Finland will be the first country to start vaccinating humans against bird flu next week. 🇵🇸 A new report found Gaza at high risk of famine, with 96% of the population facing food insecurity. 🇮🇱 Israel's Supreme Court ruled that ultra-Orthodox Jews must be drafted into the military. 🇵🇸 🇮🇱 Israeli airstrikes on Gaza City killed at least 24, including a sister of Hamas chief Ismail Haniyeh. 🇰🇪 Protesters stormed Kenya's parliament and set it ablaze over a controversial finance bill. 🇷🇺 The International Criminal Court issued arrest warrants for Russia's former defense minister Shoigu and top general Gerasimov. 🇰🇪 400 Kenyan police officers left for Haiti to lead a UN security mission on the same day as the violent anti-government protests in Nairobi. |
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📊 Crypto | | Congressman Matt Gaetz introduced legislation to allow federal income tax payments in Bitcoin. Coinbase shares have tumbled 13% in the past two weeks, aligning with Bitcoin's 9% drop. VanEck filed form 8-A for its spot Ether ETF, setting the stage for trading to begin as early as July 2nd. Fintech firm Fideum launched a crypto investment launchpad emphasizing inclusivity, fairness, and regulatory compliance. | |
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🧠 Errata | Painted lady butterflies flew 2,600 miles across the Atlantic Ocean without stopping, a feat never before recorded. A New Jersey man brought the virtual world to life by flying to Florida and attacking an online gamer, in person, with a hammer. China's Chang'e 6 probe returned with the first-ever moon samples from the lunar far side. McDonald's just dropped another value meal as the company focuses on affordable options. Turns out people don't like spending $30 in a drive-thru. |
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📺 What to Watch Today |
Will this get you to come crawling back to Ronald? |
| McDonald’s $5 value meal goes on sale amid fast-food wars |
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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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