Top Market, Crypto, Tech and Politics Headlines Today While US Was Sleeping
08/03/2023 19:29
US Markets Why Warren Buffett’s Favorite Energy Stock Is Sliding Premarket Today Fund Manager Who Offloaded Amazon Stock In July Goes Long Again Ahead Of Q2 Results: ‘Such A High Appetite Right Now To ...’ Apple, Amazon And 3 Stocks To Watch Heading Into Thursday Investor Optimism Improves Ahead of Apple, Amazon Earnings Crypto Litecoin Hits One-Month Low Following Halving Event, Dogecoin Tumbles 4% As Well Amazon Joins Forces With Mojo Melee, Grants Prime Subscribers Exclusive NFTs And In-Game

Bloomberg
Floating Solar Panels Turn Old Industrial Sites Into Green Energy Goldmines
(Bloomberg) -- Putting solar panels on water to generate power sounded like a dangerous gimmick to Benedikt Ortmann when he first heard about the idea.Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseCanada PM Justin Trudeau Splits With Wife Sophie GregoireS&P 500 Has Worst Day Since April After Big Rally: Markets WrapMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceHere Are the 78 Charges Trump Now Faces, and All the Prison Time“Every child kno

Bloomberg
Baseball-Size Hail Makes Insuring Solar and Wind Farms Pricier
(Bloomberg) -- The Scottsbluff solar farm in western Nebraska was built to withstand most hailstones. But the icy pellets that rained down in late June were bigger than baseballs. Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceS&P 500 Drops 1% After Rally as Bond Yields Climb: Markets WrapPoland Sends Troops to Belarus Border After Airspace BreachWhy the US Credit Rating Was Cut by Fitch and Wha

AP Finance
The first generation of solar panels will wear out. A recycling industry is taking shape
The great majority of worn and damaged panels are still dumped in landfills. In this desert city where Arizona, California, Sonora and Baja California meet, North America’s first utility-scale solar panel recycling plant has opened to address what founders of We Recycle Solar call a “tsunami” of solar waste. Plans to address climate change rely on massively scaling up clean, solar electricity.

TipRanks
‘Too Cheap to Ignore’: J.P. Morgan Says These 2 Stocks Under $10 Could Double Your Money
Are markets headed for new record highs? That may seem counter-intuitive, but according to J.P. Morgan’s head of US market intelligence, Andrew Tyler, the tea leaves are indicating just such new heights for the S&P 500. Tyler notes that, even in today’s uncertain conditions, the S&P index is within 5% of its all-time high – and with inflation slowing down, the Fed is likely to pare back on further rate hikes, a move that will support growth and a shift toward stocks. Recent earnings reports are

AP Finance
Bud Light sales plunge following boycott over campaign with transgender influencer
Anheuser-Busch Inbev reported a drop in U.S. revenue in the second quarter as Bud Light sales plunged amid a conservative backlash over a campaign with transgender influencer Dylan Mulvaney. The world's largest brewer said Thursday that revenue in the United States declined by 10.5% in the April-to-June period from a year earlier, “primarily due to the volume decline of Bud Light.” It has lost its place as America’s best-selling beer after more than two decades, slipping into second place in June behind Mexican lager Modelo Especial, which is also owned by the Belgium-based ABInBev.

Barrons.com
Jamie Dimon Calls Fitch Downgrade ‘Ridiculous’
JPMorgan Chase CEO Jamie Dimon criticized Fitch's decision to downgrade the U.S. government's credit rating, calling it “ridiculous.” “I would point out to the rating agencies if I could that there are a bunch of countries rated higher than us, like AAA, but they live under the American enterprise military system.

Bloomberg
Occidental Buys Back $522 Million of Berkshire Preferred Stock
(Bloomberg) -- Occidental Petroleum Corp. bought back $522 million of Berkshire Hathaway Inc.’s preferred stock in the second quarter, demonstrating its willingness to repay Warren Buffett even as commodity prices drop. Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseS&P 500 Has Worst Day Since April After Big Rally: Markets WrapCanada PM Justin Trudeau Splits With Wife Sophie GregoireMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceHere Are th

The Wall Street Journal
Tupperware, Rite Aid, Yellow: Meme Stocks Are Having a Moment
Shares of Tupperware, Rite Aid and trucking giant Yellow have been on a wild ride. The eye-popping swings in recent days are reminiscent of the meme-stock craze during the pandemic that turned [GameStop into an unlikely stock-market star](https://www.