US military strikes cargo ship in the Strait of Hormuz for attempting to bypass its blockade on Iranian ports.

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Some #Altcoins are already going +70% in one week again.

In a few weeks, this will be the new standard.

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I hope you’re in copper!!!

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President Trump offers UFC CEO Dana White the job of White House Press Secretary.

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A Democrat win in Georgia just flipped to Republican after officials found a memory card that was never counted.The Republican was losing by 58 votes, and after the card was counted, he is now winning by 262.Georgia’s Secretary of State has opened an investigation.

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dragonballstl

August 15, 2024, 14:19

https://t.me/DragonBallSTL

4853

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Florida Governor Ron DeSantis announces run for President in 2028.

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MARKET RECAP — Friday, Nov 6:
🔴 Dow -0.5% (-237 pts)
🟢 S&P 500 +0.3%
🟢 Nasdaq Composite +1.1%
🟢 Russell 2000 +1.0%

Why mixed: A blowout Oct jobs report (+165K vs 65K expected, unemployment 4.1%) kept Dec hike odds alive while chips bounced hard after Thursday's AI rout — Nasdaq clawed back 1.1% but the Dow slipped as rate-sensitive names lagged; VIX eased to 24.9, 10Y ~4.9%, WTI ~$90.

🟢 Winners:
FROG +35.3% — blowout Q3, cloud revenue +60%, raised guidance
IREN +20.0% — AI cloud revenue $200M, up 182% QoQ
AMD +11.0% — chip rebound after Thursday's sell-off
🔴 Losers:
IRTC -30.7% — Citi downgrade to neutral and target cuts after Q3
KRUS -26.1% — fiscal Q4 miss, comps -5.7% on traffic -11.5%
DKNG -21.3% — slashed 2026 EBITDA guidance to $225M midpoint

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OpenAI raises $11B at $1.25 trillion valuation.

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Oracle’s AI deals are falling apart one by one.Microsoft is now winding down its deal to rent AI computing power from Oracle.This comes just two days after Oracle canceled a $7 billion deal to lease 100,000 AI chips to Tencent, after pressure from the Trump administration.And in the same week, Oracle had to raise $20 billion to keep funding its AI buildout.It sold $10 billion of new shares at an 11% discount, and $10 billion of bonds paying up to 8.65% interest.That used up its entire planned funding limit through 2030. In less than a week.The cost to insure Oracle’s debt against default hit a record 3.25% a year last month.$ORCL has crashed -26% in just last 7 trading days, and is now down 68% from its all time high.Oracle borrowed billions to build data centers for AI.

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