Category: Reddit Post

CNBC: Boeing Starliner returns to Earth empty, months later than originally planned to depart…

… and without the two astronauts that it delivered to orbit in early June. Instead, NASA test pilots Butch Wilmore and Suni Williams will stay at the ISS for the rest of the year and will return to Earth in February aboard SpaceX’s Dragon spacecraft. It took about six hours to return to Earth. Starliner successfully touched down at a landing zone at White Sands Space Harbor in New Mexico at 12:01 a.m. ET Saturday. submitted by /u/Ankle_be [link] [comments]

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So far…

submitted by /u/Lor1al [link] [comments]

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WSJ: JPMorgan Plans to Report Customers Who Exploited TikTok ‘Glitch’ to Authorities.Thousands of people withdrew money after depositing bad checks

JPMorgan JPM -2.38%decrease; red down pointing triangle Chase is investigating thousands of incidents of possible check fraud committed as part of a TikTok craze and plans to share the evidence it gathers with police departments around the country. Users on the social-media platform began sharing videos that showed a so-called glitch at Chase Bank that was allowing customers to deposit big checks and withdraw funds from ATMs immediately, even if sufficient funds weren’t available. Chase, the largest consumer bank in the U.S., normally allows customers to withdraw a portion of deposited checks before the full check amount clears. However, late last week, a technical error allowed customers to withdraw all of the funds from a check before it had cleared. Check fraud, which has surged in recent years, is a federal crime and illegal in most states, too. Most check fraud cases in the country are prosecuted under state law. As part of the scheme, some people wrote checks to themselves and cashed out money they didn’t have, while others cashed checks written from other peoples’ accounts that didn’t have enough money. submitted by /u/Ankle_be [link] [comments]

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Market Turbulence Ahead: Expert Predicts 10% Stock Dip, Sees Buying Opportunity

As the stock market continues its impressive 2024 rally, a leading Wall Street forecaster is warning investors to brace for turbulence. Tom Lee of Fundstrat, known for his accurate market predictions this year, told that stocks could experience a pullback of up to 10% over the next eight weeks. Lee points to two major events on the horizon as potential catalysts for market volatility: the Federal Reserve’s upcoming policy meeting and the U.S. presidential election. “I think investors should be cautious for the next eight weeks,” Lee advised, noting that while the market has shown incredible strength, rising in seven out of eight months this year, these upcoming events “will get people nervous.” The Federal Reserve’s mid-September meeting looms large, with expectations of at least a 25 basis point interest rate cut. However, Lee suggests that market reactions could be unpredictable, regardless of the outcome. A stronger-than-expected jobs report could lead to a reassessment of rate cut expectations, while a weaker report might stoke recession fears. Adding to the uncertainty is the approaching U.S. election. Historically, September is a challenging month for stocks, with election years often extending this volatility into mid-October. However, Lee and other experts see a potential silver lining, predicting a relief rally once election results are known. Despite these short-term concerns, Lee remains optimistic about the market’s long-term prospects. He views the potential pullback as a buying opportunity, advising investors to be “ready to buy that dip.” This aligns with his broader bullish outlook, including a bold prediction that the S&P 500 could triple this decade, reaching 15,000 by 2030. As investors navigate these potentially choppy waters, Lee’s message is clear: be cautious in the short term, but don’t lose sight of the long-term opportunities in the stock market. submitted by /u/Aftermebuddy [link] [comments]

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Tesla apple baba short sniper trades

Tesla apple baba short sniper trades were posted in august in our free discord based on technical analysis with absolute precision execution Haters brigade please note ours is a totally free community helping traders, no course selling or no paid signals submitted by /u/realtrademaster [link] [comments]

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Ethereum Foundation to publish financial report amid community concerns.

Ethereum Foundation member Justin Drake said the organisation is likely to publish a financial report soon. According to him, it spends approximately $100 million per year. The foundation has a $650 million fiat stockpile as well as Ethereum, he noted. https://preview.redd.it/j2n3tn0re8nd1.png?width=700&format=png&auto=webp&s=2be4e540b9893bcd9609ae3e34946b9fe2bb579a submitted by /u/Lor1al [link] [comments]

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Is cryptocurrency popular in Japan? What kind of image does Japan have in the cryptocurrency world?

In the real world, almost no one around talks about cryptocurrency. Everyone already knows the words “cryptocurrency” and “Bitcoin.” However, when it comes to the word “Ethereum,” almost no one knows it. Therefore, there’s almost no one around who knows about the Bitcoin halving cycle or the talk of a possible upcoming bull run. I think the level of awareness is still low. However, in the web world, such as on X (formerly Twitter), there’s a lot of buzz about cryptocurrency. It seems that veterans with 5-10 years of investment experience are gaining popularity. The topic of Airdrops has settled down for now, and there seems to be a lot of anticipation for the next bull run. Even for Japanese people, the results of the US employment statistics and the FOMC are important events that are closely watched. https://preview.redd.it/t8c4b4xnf8nd1.png?width=512&format=png&auto=webp&s=3f4352e8aeecd73d478bac40e0aa17a33f512a7a One of the reasons why many people in Japan are not interested in cryptocurrency is that Japan has a relatively large population of middle-aged and elderly people. There are few young people with high internet literacy, and even if there are, there is little communication across generations, so it doesn’t spread to the majority. Furthermore, even if people are interested in cryptocurrency itself, many feel that the hurdles to participate are high. These hurdles include opening an exchange account, researching specific cryptocurrencies, and creating surplus funds to purchase cryptocurrency. Also, particularly important is the high tax on cryptocurrency in Japan. In an environment where up to 55% of profits can be taxed, few people feel like they want to start. submitted by /u/Lor1al [link] [comments]

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US Labour Market (Aug) – Avg Hourly Earnings

MoM: 0.4% vs. 0.3% exp. (prior 0.2%) YoY: 3.8% vs. 3.7% exp. (prior 3.6%) The unemployment rate falling to 4.2% was some decent news here. It’s unlikely that this particular jobs report will sway the Fed’s decision strongly. submitted by /u/XGramatik [link] [comments]

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AI start-ups remain confident, even as enthusiasm for publicly listed stocks declines. Volatility is shaping up to be the new norm in the sector’s public market performance.

Is the AI bubble bursting, or just beginning? Nvidia lost almost half a trillion dollars in market value in just four days after its latest earnings report, even though it surpassed expectations. Big players like Apple, Microsoft, Alphabet, Amazon, and Meta, which have led the stock market since the AI boom, have seen a collective loss of $1.8 trillion in the past two months. With mixed economic signals and a shift towards other sectors, AI hype is no longer enough to drive the market. Character.AI and Inflection, once valued at billions, have been absorbed by Google and Microsoft. Wall Street is feeling AI fatigue, but with top venture capitalists backing Safe Superintelligence, there’s still room for more AI excitement. submitted by /u/Ankle_be [link] [comments]

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WSJ: Testosterone Clinics Sell Virility. Some Men End Up With Infertility. Promoters in the booming steroid business tout a boost in the gym and the bedroom, but few talk about the possible side effects

Former presidential candidate Robert F. Kennedy Jr., the 70-year-old posted a video of himself showing off an impressive physique. Elon Musk pushed a step further last week, retweeting a post that said “low T men” can’t think for themselves, and “high T alpha males” are the best decision makers for a democracy. Motivational speaker Tony Robbins invested in a telehealth testosterone prescriber and promotes the steroid on Instagram. The Vitamin Shoppe, a national retail chain, announced Tuesday that its telehealth service will offer testosterone prescriptions. Men generally pay anywhere from $1200 to $2600 a year for testosterone treatment, which is touted in online ads as a means to better performance in the gym and the bedroom. Some men swear by the treatment. Others suffer its side effects. Advertising for testosterone rarely mentions the risk of male breast enlargement, shrunken testicles, blood clots and infertility. submitted by /u/Ankle_be [link] [comments]

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U.S. GDP data may be revised significantly downward. Currently, GDI suggests that real GDP could be overstated by a massive amount of approximately $600 billion or 3%.

https://preview.redd.it/j6l6ou14nxmd1.jpg?width=864&format=pjpg&auto=webp&s=a91becfce7fc7b31b4bed3e8ac201dcf12c9873f The difference between real GDP and real Gross Domestic Income reached a record $616 billion. GDI measures earnings across the economy, while GDP tracks total economic output. Historically, GDI has been a leading indicator of final GDP revisions and changes in the unemployment rate, especially near the end of economic cycles. Downward revisions have become the new normal. submitted by /u/FXgram_ [link] [comments]

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AI race is slowly becomes a demanding tool. Look what happens: A 16 billion purchase of AirTrunk. And who did this?

Long story short: Blackstone. This transaction, announced on September 5, 2024, marks Blackstone’s largest investment in the Asia Pacific region and stands as the biggest leveraged buyout globally this year. AirTrunk, founded in Sydney in 2015, has rapidly grown to become the largest data centre group in Asia Pacific, boasting 11 sites across Australia, Japan, Malaysia, Hong Kong, and Singapore. The company’s value surged during the sales process, driven by the increasing adoption of artificial intelligence, which demands ever-greater data centre capacity. Blackstone’s president, Jon Gray, emphasized the strategic importance of this acquisition, stating, “AirTrunk is another vital step as Blackstone seeks to be the leading digital infrastructure investor in the world across the ecosystem, including data centers, power and related services.” AI race continues, thus we gonna see more and more investments, especially in data centers submitted by /u/Aftermebuddy [link] [comments]

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