📈 Stocks / Finance

Tesla stock nears breakout as FSD hype fuels momentum

Investor’s Business Daily

Tesla rose 1.9% to 346.60, approaching a 348.98 buy point after a 6.2% Friday rally. Elon Musk touted FSD v14 as '2–3x better than a human,' but warned of debugging delays. TSLA is up 10.3% in August, yet still down 16% YTD and 30% below its all-time high.

Intel slips after $11.1B government stake and Trump endorsement

Yahoo Finance

Intel stock rose 3% early Monday on news of an $11.1B U.S. government stake but closed down 1% after details revealed a 9.9% equity position at $20.47/share. Trump praised the deal, while analysts flagged dilution and strategic precedent for government-corporate investments.

AMD slips as Trump’s Intel deal shakes chip sector

Yahoo Finance

AMD fell over 2% after the Trump administration increased its stake in Intel via an $8.9B investment, boosting Intel’s total federal support to $11.1B. Analysts say the move lifts Intel’s valuation floor but won’t close its tech gap with AMD, which is up 36% YTD.

🪙 Crypto

Ethereum hits record before crypto flash crash erases gains

Investor’s Business Daily

Bitcoin surged to $117K after Powell hinted at rate cuts, while Ethereum hit a record $4,954. A Sunday flash crash, triggered by a 24K BTC selloff, wiped gains. Bitcoin dropped to $110.5K; ETH to $4.4K. Crypto liquidations totaled $838M as ETF outflows persisted midweek.

🌎 Global Economy

Fitch: Global growth to drop to 2.2% amid US tariff shock

International Banker

Fitch Ratings expects global GDP growth to fall to 2.2% in 2025–2026, down from 2.9% in 2024, due to the sharp rise in US tariffs. The US effective tariff rate may reach 15–20%, with China facing 41%. Fitch estimates a $1T drag on global income over two years.

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