Rich Americans are propping up the travel economy as airfares soar 25% higher than last year
The cost of plane tickets has soared over the past year, but consumer demand has yet to slow down during this summer travel season. Source：MarketWatch
Investors are chasing the latest rally in gold as the yellow metal hits strongest level in 2 months
Gold settled at a twomonth high on Wednesday, and investors who spent the summer waiting for an opening are now chasing a rally that many hope still has room…
NYC council announces probe into ‘predatory marketing practices’ on prediction markets
Council Speaker Julie Menin sent letters to four companies offering prediction market services to New Yorkers as part of an investigation into their marketing…
Will Trump accounts and grandparent 529s bring down the price of college in the future?
Caps on student borrowing could also play into how America pays for college. Source：MarketWatch
Alphabet’s stock slips as Nvidia’s $500 billion financing deal threatens custom chips
Investors are concerned that Alphabet faces a fresh threat from Nvidia’s plans to help fund the AI buildout alongside major Wall Street players.…
Chili’s has hopped on the chicken-sandwich bandwagon, and it’s driving big sales gains
The number of chicken sandwiches sold at Chili’s locations has increased 175% — and shares of its parent company are now trading at record highs.…
Bitwise cuts 14% of staff while still expecting growth
Crypto companies from including Coinbase, BitGo, Robinhood, Polygon and Pump.fun have announced workforce reductions this year, citing a variety of reasons,…
SpaceX’s stock is getting a Grok-fueled boost
The company is best known for rocket launches but has big revenue goals for its AI business. Source：MarketWatch
Wintermute plans $1 billion AI push beyond crypto: Bloomberg
The firm aims for noncrypto markets to drive over 50% of revenue by 2027, up from 10% currently, as it seeks to diversify its business. Source：CoinDesk
Solana platform taps prediction market Kalshi for Wall Street-style high-speed data feed
Solanabased DoubleZero looks to meet institutional demands by adding prediction market Kalshi’s order book to its lowlatency market data feed. Source：CoinDesk
HashKey begins beta distribution of Hong Kong-regulated HKDAP stablecoin
HashKey has become an authorized distributor for Anchorpoint’s HKDAP, expanding institutional access as Hong Kong’s regulated stablecoin market takes shape.…
Nvidia, Intel, Google: Wall Street is partying like it’s 1999
The signs are all around that Wall Street is back in that dangerous atmosphere of giddy euphoria that those with long memories will remember from the infamous…