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- Seagate dethrones Palantir as top S&P 500 performer
Seagate dethrones Palantir as top S&P 500 performer
5 articles I'm watching carefully
Tyler Dupont ![]() Good morning 👋 Here's the latest news I'm tracking today. |
📈 Stocks / Finance
Seagate dethrones Palantir as top S&P 500 performer
Seagate shares surged nearly 50% in three months, overtaking Palantir as 2025’s top S&P 500 stock. Strong earnings and demand for AI-optimized data center drives drove gains. Palantir slipped ~20% since peaking in August, ending its market-leading streak.
Lucid stock drops 20% after reverse split signals deeper trouble
Lucid shares fell nearly 20% this week following a 10-for-1 reverse split. Though aimed at attracting institutional investors, the move stoked fears of financial instability. The split marks Lucid’s third straight daily decline amid broader market gains.
Bipartisan bill targets congressional stock trading
Lawmakers proposed the Restore Trust in Congress Act, banning members from owning individual stocks or bonds. The bill follows rising public anger over potential conflicts of interest, with 86% of voters backing a ban according to a 2023 survey.
🪙 Crypto
Gemini targets $2.1B valuation in upcoming Nasdaq IPO
Crypto exchange Gemini plans to go public under the symbol 'GEMI', aiming to raise ~$272M by selling 16.7M shares at $17–$19. Backed by the Winklevoss twins, the firm posted $68.6M in H1 revenue vs. a $282.5M loss. Bitcoin and ether made up 88% of platform assets.
🌎 Global Economy
Global labor markets diverge amid tech shifts and aging populations
Global unemployment remains low, but wage trends, participation rates, and AI adoption reveal deep regional divides. Aging in high-income nations and youth surges elsewhere are reshaping labor pools, while tech and climate shifts drive demand for new skills.
How 433 Investors Unlocked 400X Return Potential
Institutional investors back startups to unlock outsized returns. Regular investors have to wait. But not anymore. Thanks to regulatory updates, some companies are doing things differently.
Take Revolut. In 2016, 433 regular people invested an average of $2,730. Today? They got a 400X buyout offer from the company, as Revolut’s valuation increased 89,900% in the same timeframe.
Founded by a former Zillow exec, Pacaso’s co-ownership tech reshapes the $1.3T vacation home market. They’ve earned $110M+ in gross profit to date, including 41% YoY growth in 2024 alone. They even reserved the Nasdaq ticker PCSO.
The same institutional investors behind Uber, Venmo, and eBay backed Pacaso. And you can join them. But not for long. Pacaso’s investment opportunity ends September 18.
Paid advertisement for Pacaso’s Regulation A offering. Read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals.