Generac’s stock soars more than 30% after Amazon deal cements its status as AI power player
First deliveries of Generac’s backup power generators are worth $2.4 billion. Source：MarketWatch
Fed rate hike fails to calm troubled markets as Dow falls 600 points. Expect more sharp swings in stocks and bonds.
Fed Chair Kevin Warsh has sent investors a message: When it comes to tamping down inflation, he means business. Source：MarketWatch
Why optical stocks Lumentum and Coherent were the day’s biggest S&P 500 gainers
Investors are looking further down the AI datacenter supply chain for signs of demand amid concerns of a spending slowdown, one expert says. Source：MarketWatch
CLARITY Act could get another shot during lame-duck session, policy advocate says
Digital Sovereignty Alliance managing director Adrian Wall said senators from both parties are considering another attempt to advance the crypto market…
Here’s a sneaky way to play the Fed’s rate increase
But watch out for the pitfalls. Source：MarketWatch
UK FCA sets crypto authorization guidance ahead of September application window
The FCA’s new guidance outlines which crypto activities may require authorization as firms prepare for the UK’s incoming digital asset regulatory regime.…
Revolut hackers demand $3 million in Monero, threaten to sell customer data
The group gave Revolut 24 hours to pay and said it targeted customers with significant crypto holdings. Source：CoinDesk
My rental property is paid off, but I need cash. Is this a bad time to take out a $50,000 HELOC?
The Federal Reserve announced a quarterpercentagepoint interestrate hike Wednesday, to a range of 3.75%4.0%. Source：MarketWatch
Google is playing a different AI game than everyone else, and Wall Street may be missing the point
Investors have been fixated on the relative performance of Alphabet’s AI models when they should instead be cheering the company’s cloud potential, an analyst…
Warsh’s Fed rolls out first interest-rate hike in 3 years — with one more increase expected
The Federal Reserve on Wednesday rolled out its decision on interest rates as the U.S. central bank tries to tame persistent inflation. Source：MarketWatch
Micron’s stock could climb 70% higher thanks to a factor that’s been largely absent so far
Shares of Micron trade at a stubbornly low valuation but a TD Cowen analyst thinks that could change. Source：MarketWatch
US House tax committee advances crypto tax overhaul in 38–5 vote
A bipartisan House committee vote advanced legislation that would reshape federal tax rules for stablecoins, staking, crypto lending and digital asset…