Markets

Markets

S&P Hits Record High as 86% of Members Blow Past Wall Street Forecasts

Photo via JOHN ANGELILLO/UPI/Newscom

About 86% of reporting S&P 500 companies exceeded consensus earnings-per-share estimates in Q2, but plenty of pitfalls may stymie performance.

2 min read

Photo via IMAGO/Zoonar/Marvin Samuel TOLENTINO-PINEDA/IMAGO/Zoonar/Newscom

Consumer

McDonald’s Appoints New US President to Turn Around Sluggish Sales

McDonald’s has appointed a new US chief to revitalize the flagging performance of its American restaurants, where inflation has cut sales.

2 min read
Photo via Philemon Henry/SIPA/Newscom

Markets

Kalshi Bets Election Fever Will Drive Platform Growth

Estimates from analytics firm Ticker Tracker say the company just processed $40 billion in sports bets overall during the World Cup.

2 min read
Photo via Jim West/UCG/Universal Images Group/Newscom

Semiconductors

Wall Street Balks at TSMC’s $100 Billion Bet on Growing AI Demand

TSMC’s pledge to invest an extra $100 billion into its Arizona-based chip fab rekindled fears of overspending on artificial intelligence.

2 min read

M&A

Eli Lilly to Pay up to $3.8B for AtaiBeckley in Big Pharma’s Latest Psychedelic Foray

Photo via Kris Tripplaar/Sipa USA/Newscom

The deal gives Eli Lilly access to a ⁠psychedelic-based nasal spray that studies show curbs treatment-resistant depression in a single dose.

1 min read

Photo by SpaceX via Unsplash

Industrials

Bulls Dominate Wall Street’s Analysis of SpaceX

Opinions ranged from “bullish” to “extremely bullish” among the four big banks that led the SpaceX IPO, as each initiated coverage on Tuesday.

2 min read
Photo illustration by Connor Lin / The Daily Upside, Photo by Sveipe via iStock

Healthcare

Psychedelic Nation? Psilocybin Treatments Offer New Hope for People Prozac Hasn’t Helped

Psychedelic medications, backed by the White House, may alter the prognosis for people with treatment-resistant depression, but risks remain.

5 min read
Photo illustration by Connor Lin / The Daily Upside

Industrials

SpaceX’s Quest for Warp Speed Rattles Smaller Firms in Its Wake

SpaceX’s debut has proven more rollercoaster ride than rocket trip so far — for its own investors as well as for smaller firms in its wake.

4 min read

Markets

Investor FOMO, ETF ‘Feeding Frenzy’ Fuel SpaceX’s Skyrocketing Price

Photo via M10s/ZUMAPRESS/Newscom

The shares sold in last week’s IPO represented just 5% of its outstanding stock, leaving retail investors clawing for the limited float

2 min read

Blockchain

Bitcoin Sinks to Four-Month Lows as Investors Eye Sparkly IPOs

Photo via Moe Zoyari/ZUMAPRESS/Newscom

Wolfe Research wrote in a note that bitcoin’s four-year cycle could see the token dip below $40,000 this fall before picking back up.

1 min read

Photo illustration by Connor Lin / The Daily Upside, Photos by Andrey Krav and Anton Zacon via iStock

Markets

US Exchanges Crash Prediction-Markets Party

Nasdaq and Cboe are introducing binary bets on financial market events, capitalizing on the success of Kalshi and Polymarket.

4 min read
Photo via Fan Peishen / Xinhua News Agency/Newscom

Enterprise AI

Corning Hits Record High After Signing Up AI Clients

Corning, the company that invented Pyrex, is commanding Wall Street’s attention as a supplier of fiber optics for AI.

1 min read
Photo via Graviton

Markets

Graviton Draws Global Spotlight onto India’s Unicorns

India is home to 120 startups with valuations each topping $1 billion. High-frequency trading firm Graviton is at the center of the boom.

1 min read

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