📈 Stocks / Finance

Tech slide pulls S&P 500 lower as markets eye Fed signals

CNBC

The S&P 500 fell 0.59% to 6,411.37, dragged by a 3.5% drop in Nvidia and broader tech weakness. The Nasdaq sank 1.46%, while the Dow briefly hit a record. Traders await Powell’s Jackson Hole remarks as rate cut odds for September rise to 83% per CME FedWatch.

Intel surges on $2B SoftBank investment at $23 per share

Investor’s Business Daily

Intel shares jumped over 6% after announcing a $2B investment from SoftBank at $23/share. The move signals confidence in Intel's manufacturing roadmap amid speculation the U.S. may convert CHIPS Act grants into equity to support domestic semiconductor leadership.

Palantir drops 9% as short seller flags overvaluation

Investopedia

Palantir shares fell 9% Tuesday after Citron Research’s Andrew Left said the stock was ‘detached from fundamentals’ and overvalued even at $40. Despite strong AI-driven growth, analysts warned valuations may be unrealistic amid limited buy ratings and cautious outlooks.

🪙 Crypto

XRP falls as inflation concerns weigh on crypto markets

The Motley Fool

XRP dropped 6.2% after Home Depot warned of price hikes tied to tariffs, stoking fears of persistent U.S. inflation. Investors anticipate the Fed may delay rate cuts, a bearish signal for crypto markets that benefit from looser monetary policy.

🌎 Global Economy

Global economy now seen as top-tier threat in 25-country survey

Pew Research

A Pew survey found 70% of adults across 25 countries view global economic conditions as a major threat—up in 21 countries since 2017. Concern is highest in Greece and Australia, with risk perception strongly tied to negative views of national economies.

Big investors are buying this “unlisted” stock

When the founder who sold his last company to Zillow for $120M starts a new venture, people notice. That’s why the same VCs who backed Uber, Venmo, and eBay also invested in Pacaso.

Disrupting the real estate industry once again, Pacaso’s streamlined platform offers co-ownership of premier properties, revamping the $1.3T vacation home market.

And it works. By handing keys to 2,000+ happy homeowners, Pacaso has already made $110M+ in gross profits in their operating history.

Now, after 41% YoY gross profit growth last year alone, they recently reserved the Nasdaq ticker PCSO.

Invest for $2.90/Share

_{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.}