Columbus, OH

TheStreet

The Nasdaq Composite Index has jumped 18% year to date.

Cathie Wood sells $13 million of a struggling tech stock

Attendees will gain invaluable insights from industry leaders who have a proven track record of successful investments and guiding companies to new heights. This session promises to be a game-changer for startups at any stage, offering practical advice on how to secure that crucial Series A funding, even if your journey has faced some bumps along the way. Learn how sector-specific factors, founder profiles, and market momentum can influence your fundraising success in today’s dynamic market.

Elevate your 2025 fundraising strategy at Disrupt 2024

Fortune

Good morning. Amazon’s market cap exceeded $2 trillion for the first time on Wednesday, as its CFO is betting big on AI use—both for potential clients and internally. Amazon shares this year are up nearly 30%—and over the previous 12 months up almost 50%. Earlier in 2024, Alphabet’s market cap hit $2 trillion, but both firms still trail Microsoft, Apple, and Nvidia, all of which are worth more than $3 trillion. (Bank of America just raised its price target for Amazon shares to $220 from $210.)

Amazon’s market cap hits $2 trillion as its CFO keeps an eye on AI—and cutting costs

The round valued the company between $700 million and $800 million, although TechCrunch couldn’t verify whether that valuation is pre- or post-money. (One possible scenario is $700 million pre/$800 million post.) Hebbia disclosed in an SEC filing in May that it had by then raised $93 million out of a hoped-for $100 million, but we understand from two of the people that the round hit a near $100 million mark and has closed.

Hebbia raises nearly $100M Series B for AI-powered document search led by Andreessen Horowitz

Entrepreneur

Nvidia had to work to keep these long-term, multi-millionaire employees motivated.

Employees Who Worked at This Company for the Past 5 Years Are Now Multi-Millionaires in 'Semi-Retirement'

Markets Insider

"The bar for being short equities right now is very high given these upcoming flow and random market dynamics," Goldman Sachs' Scott Rubner said.

Stocks are about to hit a 'wall of money' that will drive the market to record highs in July, Goldman Sachs says

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NewSantaAna

The FBI has seen a rise in scams targeting timeshare owners. In this kind of scam, criminals con these part-time property owners into shelling out hefty sums of cash, all under false pretenses related to their timeshare properties.

FBI warns that Mexican cartels are targeting Americans with timeshare scams

Business Insider

X generated $1.48 billion in revenue in the first half of 2023 — down roughly 40% from the same time in 2022, Bloomberg reported.

We now know just how much money Elon Musk's X made after his takeover — and it's a lot less than before his purchase

California State

Alameda Post

California regulators just stopped AT&T from pulling the plug. California’s Public Utilities Commission on June 20 rejected AT&T’s application to stop providing landlines and other services in areas where there is no other option.

Still Need Your Landline?

JPMorgan said it was raising its quarterly dividend 8.7% to $1.25 per share and that it authorized a new $30 billion share repurchase program. Morgan Stanley said it was boosting its dividend 8.8% to 92.5 cents per share and authorized a $20 billion repurchase plan. Citigroup said it was raising...

JPMorgan and Morgan Stanley boost buybacks and dividends, while Citigroup and BofA take smaller steps

Demand for AI applications has lifted Palantir's revenue growth. An ample potential market opportunity could drive growth for years. A high starting valuation and a small revenue base make a trillion-dollar valuation challenging. The stock's 300% run since 2023 has investors thinking big about the future. Software company Palantir Technologies...

Will Palantir Technologies Be a Trillion-Dollar Stock by 2030?

We recently compiled a list of the 30 Wealthiest People in Singapore and in this article, we will look at the richest person in Singapore. According to the Ministry of Trade and Industry (MTI), the Singaporean economy rose at a more rapid pace than expected in Q1 2024. The GDP increased by 2.7% year-over-year, recording the strongest growth in the past 18 months. This marks a positive outlook for the country’s economy, as the economists’ predictions for growth were 2.5%. However, certain areas of concern remain, including inflation which has calmed down compared to its peak earlier this year. However, it still was at 3.1% in April. The Monetary Authority of Singapore (MAS) expects moderate inflation throughout the year, averaging between 2.5% and 3.5%. The MTI has maintained the country’s GDP growth forecast for 2024 at 1-3%. As of 2024, Singapore has a GDP of $525.3 billion as reported by the IMF.

The Wealthiest Person in Singapore

Mary Ann Bartels, Sanctuary Wealth chief investment strategist, joins CNBC's 'Squawk Box' to discuss market outlooks, Nvidia, and more.

Sanctuary Wealth's Mary Ann Bartels on Nvidia: I have never seen a company like this before

ZimVie, the dental implant spinoff of Zimmer Biomet, is weighing options for a potential sale, Bloomberg reported June 25. 1. ZimVie is reportedly working with an adviser to explore its options after receiving interest from potential buyers. 2. Discussions for a sale are reportedly in their early stages, and the...

Dental implant maker weighing potential sale: Bloomberg

Jio’s revised pricing structure, effective July 3, sees its entry-level Rs 155 ($1.87) plan, offering 2GB of data and unlimited calls, increase to Rs 189. Similarly, a plan providing 1GB of daily data usage will rise from Rs 209 to Rs 249. Jio is raising prices of its two-month, three-month, annual, postpaid and data add-on plans as well.

Reliance Jio kicks off Indian telecom price hike

The Motley Fool

Even at its current market cap of $1.3 trillion, Bitcoin may be significantly undervalued.

1 Top Cryptocurrency to Buy Before It Soars Another $1 Trillion in Market Cap, According to Value Investor Bill Miller IV

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Total Apex Sports & Entertainment

The global economic collapse is adversely affecting relationships. Some zodiac signs are struggling to pick partners who will stand by them when they are financially unstable. The zodiac greatly affects people’s character. However, it isn’t the only thing you should consider when choosing a lover. Select someone who is understanding and you are compatible. This might be time-consuming but it is worth it. Which reliable zodiac signs are ideal to start a long-term relationship with?

4 Zodiac Signs Who Always Stand Up For Their Partner

Bob O'Donnell, president and chief analyst at Technalysis Research, outlines market sentiment toward the U.S. artificial intelligence tech giant.

Analyst discusses surge in Nvidia shares

Mobile phones purchased from a carrier are generally locked to that carrier until either the contract is up or the phone is paid off. But despite improvements to the process over the years (unlocking was flat-out illegal not long ago), it still isn’t quite clear to all consumers when and how they can unlock their phone and take it to the carrier (or country) of their choice.

FCC rule would make carriers unlock all phones after 60 days

Am I the only one whose head is spinning from all of the transpo news this week? Reminder, it’s only Thursday morning. Let’s jump in!. Oh wait, before I do that, one housekeeping item: We will not have a newsletter next week due to the July 4 holiday. See ya July 11!

VW taps Rivian in $5B EV deal and the fight over Fisker’s assets

NewsBreak

Kleiner Perkins announces $2 billion in fresh capital, showing that established firms can still raise large sums

But established, brand-name firms are still able to raise large funds. On Friday, Kleiner Perkins announced that it closed on more than $2 billion in fresh...

Kleiner Perkins announces $2 billion in fresh capital, showing that established firms can still raise large sums

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