Copper is shadowing the AI hyperscaler stocks — but wait for a dip before buying
Copper prices have climbed 12.5% since the start of the year, with Nvidia and Broadcom up around the same amount in that time.
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Innovatus-backed Meet The People scoops up ad agency The Loomis Agency
Headquartered in New York City, MPT is an advertising holding company for big and mid-sized clients Mike Sullivan serves as CEO of The Loomis Agency The Loomis Agency was founded in 1984 Meet The People, which is backed by Innovatus Capital Partners, has acquired The Loomis Agency, a Dallas-based advertising agency.
Trump accounts risk missing low-income families buying in
The Trump administration is touting its tax-advantaged investment accounts for those under 18, but critics say the accounts may only reach those who are already set in life. Processing Content Parents can contribute up to $5,000 annually to what Republicans have dubbed Trump accounts and children born between 2025 and 2028 receive a $1,000 federal…
Man Fatally Struck By Truck While Fleeing ICE Agents In Florida
Topline A 28-year-old man died after being struck by a truck while attempting to run away from an encounter with federal immigration agents in St. Augustine, Florida, marking the third fatality linked to the Trump administration’s immigration crackdown this month after two deadly shootings by ICE agents in Maine and Texas during traffic stops. In…
Full text of the U.S.-Iran peace deal— allies are appalled at the gains it hands to Iran
We’ve now got the full text of the “Memorandum of Understanding” that ended the war between the U.S. and Iran. Read the full text here. The BBC has a good summary here. And the WSJ has a useful annotated version here. The main points: An end to the fighting, followed by an extendable 60-day negotiation…
Retail sales edge up, restrained by falling gasoline prices
Dive Brief: Retail sales edged up 0.2% last month after a 1% gain in May, the Census Bureau reported Thursday, as the declining price of gasoline veiled healthy consumer spending at auto, electronics and other retailers. Census Bureau data show that sales at retailers in June notched the fifth straight monthly increase even as spending…
James Murdoch may have gained $7.5 billion from pre-IPO investment in Elon Musk SpaceX
James Murdoch appears poised to reap a fortune from his investments in SpaceX that could far exceed what he gained from his father’s media empire. James, the estranged 53-year-old son of Rupert Murdoch, invested an estimated $120 million in Elon Musk’s rocket company before it went public this year in the biggest IPO in history….
