📈 Stocks / Finance

Lucid Proposes 1-for-10 Reverse Stock Split

PR Newswire

Lucid filed a preliminary proxy with the SEC seeking shareholder approval for a 1-for-10 reverse stock split. The move aims to broaden investor appeal but requires majority support. Completion depends on market conditions, and no outcomes are guaranteed.

D-Wave Surges 11% After Cramer Endorsement

Investor’s Business Daily

D-Wave (QBTS) jumped 11% to 18.80 Thursday, up 128% YTD, after Jim Cramer endorsed the stock. Other quantum computing stocks followed: IonQ +1% (6% YTD), QUBT +7% (19% YTD), Rigetti flat. D-Wave’s Q2 earnings due early August, IonQ reports Aug. 6.

Palantir Hits Record as AI Hype and Earnings Loom

Investor’s Business Daily

Palantir rose 1% to $152.71, hitting a record high ahead of its Aug. 4 Q2 earnings. Analysts expect 54% EPS growth to $0.54 on $937.5M revenue. Stock is up over 100% YTD, buoyed by AI optimism and expected government contracts. Composite Rating: 99; ATR: 3.94%.

🪙 Crypto

US House Advances Crypto Regulation with Three Key Bills

Coin Telegraph

The US House passed the CLARITY Act (294-134), GENIUS Act (308-122), and Anti-CBDC Act (219-210), advancing crypto regulation. The bipartisan vote follows GOP-led momentum during 'crypto week' and Trump’s support to sign the GENIUS Act pending Senate review.

🌎 Global Economy

BOE’s Bailey Warns US Tariffs Risk Global Slowdown

CNBC

Bank of England Governor Andrew Bailey warned that US-led trade wars, including 30% tariffs on EU and Mexican goods, could fragment the global economy and harm households. He urged US-China cooperation and multilateral fixes via the IMF and WTO to resolve major current account imbalances.