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Trump is winning votes by supporting crypto, say digital-asset fans at GOP convention

Donald Trump’s recent expressions of support for cryptocurrencies are helping him with voters focused on digital assets, said participants in a “CryptoRNC” event on Wednesday that was tied to the GOP convention in Milwaukee.

Beyond Meat shares fall following report of restructuring talks with bondholders

Shares of Beyond Meat fell in post-market trading after The Wall Street Journal reported the company was engaged in talks with a group of bondholders about restructuring the company’s balance sheet.

Microsoft, Meta, Amazon and Google face this growing risk around AI

If AI revenue doesn’t come about as quickly as expected, large tech companies could see margin pressure and have to wait longer for returns on their massive investments.

Five Below’s ex-CEO is going to Petco — but could find similar challenges

Petco Health & Wellness Co. on Wednesday said that Joel Anderson — the former chief executive of teen-focused discount chain Five Below Inc. — would become the pet-supplies retailer’s new chief executive later this month.

‘Distressed, scared’ fans who were denied entry to Copa America final are still looking for refunds

Ticketmaster and CONMEBOL have yet to say if they’ll refund people who had tickets to the game but weren’t allowed in.

United Airlines says it saw capacity glut coming, and prepared for it

Shares of United Airlines Holdings Inc. dropped more than 3% in the extended session Wednesday after the airline reported a mixed second quarter and guided for lower-than-expected profit in the current quarter.

Here’s what could really supercharge the bitcoin rally (hint: it’s not just Trump’s speech)

A weekly look at the most important news and moves in crypto, and what’s on the horizon in digital assets.

Walmart’s stock climbs into record territory after new top bull says to keep buying

Shares of Walmart Inc. climbed into record territory Wednesday, after the discount retailer’s management did its job to convince investors of the strength of its business and growth initiatives.

These stocks offer some insulation against election volatility

As the U.S. gears up for November’s presidential election, stocks across sectors such as defense, telecom, water, environment and construction could provide refuge from any volatility that arises, according to KeyBanc Capital Markets.

A Trump-Vance victory should be bearish for the dollar and Treasurys

A Donald Trump victory in the race for the White House, and a Republican sweep of both houses of Congress, should logically be bearish for the U.S. dollar and U.S. Treasury bonds.

Tech selloff has erased $1.1 trillion of ‘Magnificent Seven’ market cap in 5 days

The seven Big Tech companies collectively have shed more than $500 billion in market cap on Wednesday alone.

5 of 12 Fed districts report flat or declining economic activity, Fed’s Beige Book finds

U.S. economic activity seemed to soften in the past two months, with five of the 12 Fed regions reporting flat or declining activity, a Federal Reserve survey released Wednesday found.
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