Good Morning! On this day in 1588, the English naval force under the command of Lord Charles Howard and Sir Francis Drake defeated the Spanish Armada off the coast of France, ending Spain’s attempted naval invasion of England.
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Austrian police arrested two men, including a 19-year-old Austrian citizen, who allegedly pledged allegiance to ISIS, and are searching for additional suspects.
About 170,000 ticketholders will receive automatic refunds within ten business days for the canceled Austrian concerts.
White House Says Gaza Ceasefire is Close
A ceasefire and hostage release deal between Israel and Hamas is “as close” as it has ever been, according to White House officials.
Speaking to the press, national security spokesperson John Kirby didn’t offer a timeline for the ceasefire but said the details needed to be “hashed out.”
On Tuesday, Sec. of State Antony Blinken described the negotiations as being in the final stages, stating that the newly chosen Hamas leader Yahya Sinwar had the power to ensure that a ceasefire deal is reached.
Tensions in the Middle East remain high, despite ongoing talks. On Wednesday, Egypt and Britain instructed their airlines to avoid Iranian and Lebanese airspace, reflecting growing fears of a broader regional conflict following the death of Hamas leader Ismail Haniyeh last week.
50 Waterfront Towns with Affordable Housing
GOBankingRates analyzed coastal cities across the U.S. to find affordable waterfront living options, finding some unexpected locations with average home values far below the state average.
Number one is Clearlake, California, where homes average $217,921, nearly $588,000 below the state average.
The list includes surprising entries like Kapolei and Lihue in Hawaii, as well as Corpus Christi, Texas, and Erie, Pennsylvania, offering diverse options for those dreaming of affordable waterfront living.
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➤ Republican vice-presidential candidate JD Vance arrived at a Wisconsin airport at the same time as Vice President Harris yesterday, and he took the opportunity to walk across the tarmac and question Harris’ lack of press availability. (See Video)
➤ U.S. Ambassador to Japan Rahm Emanuel will skip Nagasaki’s atomic bombing memorial service on Friday, citing the event’s decision to exclude Israel, according to embassy officials. (More)
➤ The Georgia State Election Board approved changes to its election certification process on Tuesday, allowing local officials to request information and potentially delay or block election result certification. (More)
➤ A federal judge ruled on Tuesday that a lawsuit against Harvard University can proceed, citing plausible evidence of deliberate indifference to antisemitism targeting Jewish and Israeli students on campus. (More)
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➤ The Texas Rangers’ Corey Seager hit a home run with two outs in the 9th inning, ending Houston Astros pitcher Framber Valdez’s bid for a no-hitter and shutout. (See Home Run)
➤ The NCAA effectively banned former Michigan football coach Jim Harbaugh from college sports until 2028 on Wednesday, ruling Harbaugh violated recruiting regulations during the COVID-19 pandemic. (More)
➤ The Chicago White Sox ended its AL record-tying 21-game losing streak on Tuesday, beating the Oakland Athletics 5-1. (More)
➤ NBA all-star forward Lauri Markkanen signed a five-year $238 million contract extension with the Utah Jazz that will keep him with the team through 2030. (More)
Weightlifter Hampton Morris, a 20-year-old who trains primarily out of his garage, won a bronze medal Wednesday, giving the U.S. its first weightlifting medal in the last 40 years. (See Photo)
Soccer star Sophia Smith beat a German defender in extra time and scored the only goal in a 1-0 victory on Tuesday, propelling the U.S. women’s team to its first Olympic final since 2012. (See Video)
U.S. sprinter Quincy Hall clinched Olympic gold in the 400 meters with an epic late-race comeback on Wednesday, surging from fourth to first in the final 30 meters. (See Video)
What to watch: It’s a big day for semifinal play at the Paris Olympics. The U.S. women’s volleyball and water polo teams have important matchups with Brazil and Australia. The men’s basketball team will face a tough Serbian squad. (See Full Schedule of Events)
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Daily Market Report 08/07/2024
▼
NASDAQ Natl. Assoc. of Securities Dealers Automated Quotations
16,195.81
-1.05%
▼
SPX S&P 500
5,199.50
-0.77%
▼
DJI Dow Jones Industrial Average
38,763.45
-0.60%
▼
BTC Bitcoin
$55,066.35
-1.73%
▲
GOLD Per Ounce
$2,420.20
+1.30%
▲
UPST Upstart Holdings, Inc.
$33.30
+39.51%
➤ Big Stock Move: Upstart’s shares rose 39.5% Wednesday after the company reported strong second-quarter results and issued third-quarter revenue guidance of $150 million, significantly above analysts’ expectations. (More)
➤ Major U.S. banks, including JPMorgan, Bank of America, and Wells Fargo, are under investigation for their handling of customer funds on Zelle for fraud and scam concerns. (More)
➤ Dell is reportedly cutting over 12,000 jobs, about 10% of its workforce. An internal memo stated the company aims to “grow faster than the market” by restructuring to focus on data center and AI-related sales. (See Details)
➤ Costco announced it will soon require members to scan their membership cards to enter stores to prevent unauthorized card-sharing. (More)
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➤Amateur archaeologists discovered a 500-year-old compass believed to have belonged to astronomer Nicolaus Copernicus. It was found using ground-penetrating radar used to scan the grounds of castle in Poland. (See Photos)
➤ Figure 02, a humanoid robot, has successfully completed a trial run at a BMW production facility in South Carolina, showcasing its dexterity by fitting together chassis parts on an automobile production line. (See Video)
➤ Officials say each of the 5,000+ medals produced for the 2024 Paris Olympics contain recycled metal from the Eiffel Tower, allowing athletes to take a piece of Paris with them. (More)
➤ Fifty-six percent of Americans support expanding nuclear power. 78% favor solar power, and 72% support wind power. 41% say the government should encourage nuclear energy production, while 22% say it should discourage it. (See Poll)
➤ Experts believe the future of work will be transformed by workers’ AI utilization. According to a report, only 7% effectively use AI, saving 30% of time weekly. This “AI Class” is said to be 25% more productive. (See Report)
➤ A new report states that families will spend over $31 billion on school supplies this year, and 75% of families say they’re spending too much on back to school supplies. (More)
➤ An Australian field hockey player, Tom Craig, was arrested for allegedly attempting to buy one gram of cocaine from a street dealer after his team’s elimination from the Paris Olympics. The incident occurred 15 minutes after leaving a team function. (More)
➤ A dog in Tulsa, Oklahoma, sparked a house fire by chewing on a lithium-ion power bank. Security footage shows the fire spreading rapidly. The pets escaped through a dog door, and the family evacuated safely. (Watch Video)
➤ A family reported seeing a 4–6-foot alligator about 30 yards off the Lake Erie shore. Officials are investigating the claim and have contacted wildlife services to attempt capture. Experts believe it may be a released pet and warn it’s unlikely to survive winter if not caught. (See Details)
Terror Plot Threatens Taylor Swift Concerts
Weightlifter Hampton Morris, a 20-year-old who trains primarily out of his garage, won a bronze medal Wednesday, giving the U.S. its first weightlifting medal in the last 40 years. (
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