AI agent token once worth $2.4 billion ends with founder calling it dead
Eliza Labs founder Shaw Walters said the ELIZAOS foundation is closing and holders should sell, ending the token that replaced AI16Z after a lawsuit, rebrand…
ADP says businesses add the fewest new jobs in six months. Labor market is still sluggish.
ADP said U.S. businesses created just 44,000 new jobs in July — the smallest increase in six months — in another sign of a sluggish labor market in which…
Uber profit narrowly beat forecasts as trips across its platform surge
Uber Technologies shares fell early Wednesday, despite the ridehailing company registering earnings a tad above Wall Street estimates in the second quarter as…
Walt Disney’s stock climbs as company cites ‘Toy Story 5’ for earnings growth
Walt Disney’s stock, which has been struggling all year, rallied on Wednesday as the entertainment giant reported surprisingly strong earnings.…
Reports of the 60/40 portfolio’s demise are proving to be premature
The balanced stockbond portfolio is defying the widespread argument that it is no longer an appropriate approach. Source：MarketWatch
Lilly’s revenue soars 48%, driven by demand for its GLP-1s
Lilly’s sales were driven by higherthanexpected demand for Mounjaro and Zepbound, its GLP1 drugs for Type 2 diabetes and weight loss. Source：MarketWatch
Circle shares jump as earnings beat offsets revenue miss, Arc blockchain gains Wall Street backing
Shares jumped 10% in premarket trading as the stablecoin issuer revealed institutional adoption for its layer 1 blockchain Arc. Source：CoinDesk
Is it a bad time to buy a home? Buyers say yes, data shows.
More people are hitting pause on buying a home, as surging mortgage rates continue to hinder the housing market. Source：MarketWatch
The S&P 500 just hit a new high. ‘Big Short’ investor Michael Burry thinks it could bring a 1987-style fall.
The famed investor says watch out after that S&P 500 surge on Tuesday. He’s not budging from some bearish tech views. Source：MarketWatch
Bitcoin ETFs log inflows as cold wallet hack reignites custody debate
US spot Bitcoin ETFs drew $382 million in twoday inflows, with Galaxy’s Bitcoin ETF returning to gains as the Coldcard incident renewed custody concerns.…
Coldcard hack sparks a self-custody security overhaul: Cory Klippsten
The attack exposed a fiveyearold firmware flaw. The industry’s rapid response is accelerating the adoption of collaborative multisig security. Source：CoinDesk
Elon Musk addresses memory-chip stock concerns with one simple observation
Elon Musk’s remarks during the SpaceX earnings call may alleviate some of the concerns about the sustainability of AI capex and the distant threat of…