📈 Stocks / Finance

Nvidia gains on China export license optimism

Yahoo Finance

Morgan Stanley reaffirmed Nvidia as a top pick after reports that U.S. AI chipmakers will regain licenses to export to China under prior thresholds. Analysts see this as a long-term tailwind for NVDA, with price targets ranging from $180 to a Street-high of $250.

Kohl’s surges 37% in meme-fueled trading frenzy

CNBC

Kohl’s stock jumped 37% Tuesday after a brief doubling in early trading, driven by Reddit-fueled speculation and high short interest. Trading volume spiked 17x above average. Despite weak fundamentals, the stock’s meme appeal triggered a volatility halt and short squeeze dynamics.

Lockheed Martin stock drops 11% after profit guidance slashed

Yahoo Finance

Lockheed Martin shares fell over 10% after posting Q2 earnings of $1.46 per share, missing estimates due to $1.6B in program losses. The company cut its 2025 EPS forecast to $21.70–$22.00, down from $27+. Free cash flow turned negative, adding pressure on the stock.

🪙 Crypto

Coinbase and PNC partner to bring crypto to banking mainstream

Yahoo Finance

Coinbase and PNC announced a partnership enabling PNC customers to access crypto through bank accounts. The move reflects broader Wall Street adoption amid favorable U.S. regulation, with crypto’s market cap nearing $4T and bitcoin hitting new highs above $122K.

🌎 Global Economy

Travel sector to top $16T GDP with 30B annual trips by 2034

Consultancy-me

A WEF–Kearney report projects global travel and tourism to reach $16T in GDP and 30B tourist trips annually by 2034. The sector, now 10% of global GDP, is growing 1.5x faster than the world economy, with Asia and the Middle East driving future expansion.

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