Category: Reddit Post

The Magnificent 7 stocks have now erased a combined $2.6 TRILLION of market cap over the last 20 days.

That’s an average of $125 billion of market cap PER DAY for 20 days sight. Nvidia, NVDA, alone has erased over $1 trillion in market cap since its high seen one month ago. In other words, the Magnificent 7 have lost as much value as Nvidia’s ENTIRE current market cap in 20 days. That’s also $200 billion more than every stock in Germany’s stock market combined. What happened to big tech? submitted by /u/XGramatik [link] [comments]

Why is Nvidia’s market capitalization so high?

Why is Nvidia’s market capitalization so high? Because since around the age of 10, every boy in the world knew about or wanted a next-generation Nvidia graphics card. This graphics card opened up a world of impressions to them, far beyond its price tag for their parents. These boys grew up. And they still want the latest model of the card. Only now, these boys can pay more. The industry has grown in size along with the age and capabilities of its consumers. submitted by /u/Ankle_be [link] [comments]

SBUX earnings

STARBUCKS 3Q ADJ EPS 93C, EST. 92C STARBUCKS 3Q NET REV. $9.11B, EST. $9.2B STARBUCKS 3Q COMP SALES -3%, EST. -2.71% submitted by /u/XGramatik [link] [comments]

Hong Kong Legislator Proposes Bitcoin for Financial Reserves

Johnny Ng, a member of Hong Kong’s Legislative Council, has announced plans to explore how Bitcoin might benefit Hong Kong’s economy, especially as a protection against inflation. Ng recently shared his thoughts on X, emphasizing the importance of considering Bitcoin for strategic fiscal reserves. He believes that, with the right regulations, Bitcoin could strengthen Hong Kong’s financial system. He pointed out that Bitcoin’s limited supply and independent nature make it a valuable asset, attracting investors globally. Including Bitcoin in financial reserves could modernize Hong Kong’s financial approach. Ng also highlighted the necessity of careful research and regulatory compliance to safely integrate Bitcoin into Hong Kong’s financial reserves. He encourages the government to support technological innovation and create a favorable environment for Web3 development. This proposal comes at a time when Hong Kong is making significant strides in digital finance and blockchain adoption, with an evolving regulatory framework aimed at balancing innovation and security. submitted by /u/Lor1al [link] [comments]

Biden decries ‘extremism’ on Supreme Court, details plan for term limits, ethics code for justices

AUSTIN, Texas (AP) — President Joe Biden said Monday that “extremism” on the U.S. Supreme Court is undermining public confidence in the institution and called on Congress to quickly establish term limits and an enforceable ethics code for the court’s nine justices. He also called on lawmakers to ratify a constitutional amendment limiting presidential immunity. Still, Democrats hope it’ll help focus voters as they consider their choices in a tight election. The likely Democratic nominee, Vice President Kamala Harris, who has sought to frame her race against Republican ex-President Donald Trump as “a choice between freedom and chaos,” quickly endorsed the Biden proposal. submitted by /u/Ankle_be [link] [comments]

Risk cannot be seen with the naked eye

Risk is not shown on television, nor is it in the news. As a result, a small unexpected event in our personal affairs often causes much more harm than what is discussed for months in talk shows and blogs. The nature of risk is such that it often lurks in the mundane and unnoticed details of our daily lives. While we focus on sensationalized stories and trending topics, real risks might be building up in areas we consider safe or routine: Unattended Emails: Ignoring an important email from work or a service provider can lead to missed opportunities, project delays, or service disruptions. Neglected Communication: Lack of communication with a loved one can escalate into a major argument or even damage the relationship permanently. Misplaced Documents: Losing important documents like your passport, social security card, or tax records can cause significant stress and inconvenience, especially when you need them urgently. Overdue Bills: Forgetting to pay a bill on time can lead to late fees, a decrease in your credit score, and in some cases, service interruptions. Delayed Maintenance: Failing to perform routine maintenance on your car or home, like changing the oil or checking for leaks, can result in expensive repairs and unsafe conditions. Unsecured Devices: Failing to update your computer or phone with the latest security patches can make you vulnerable to cyber-attacks, resulting in data loss or identity theft. Don’t let social media impose its agenda on you. Generally, what is widely discussed has no relevance to you whatsoever. submitted by /u/FXgram_ [link] [comments]

Cyber attack on Russian Central Bank

Russia’s central bank on Monday left services unavailable or severely disrupted and caused users problems in using the bank’s website, local media reported. The Kyiv Independent cited an unnamed source in Ukraine’s Main Intelligence Directorate (HUR) as saying the agency was responsible for launching the distributed denial-of-service (DDoS) attack, which comes in the wake of a spate of similar operations. submitted by /u/Ankle_be [link] [comments]