Author: prosperplanetpulse.com

Every weekday, Jim Cramer’s CNBC Investing Club releases Homestretch, an actionable afternoon update, in time for the final hour of Wall Street’s close. Market Rotation: The S&P 500 had a tough day, dropping about 1%. The Nasdaq was even worse, dropping 2%. However, most stocks rose on the NYSE, with a 6-to-1 ratio of gainers to losers. For weeks, the criticism of the record rally has been its narrow leadership, with mega-cap tech and growth/momentum stocks driving the major stock indexes higher. On Thursday, the opposite happened, as these stocks provided the money to buy the rest of the market:…

If you’re an entrepreneur in a later-stage company, you know that fundraising is a challenge that requires hard work, commitment, and fortitude. Raising capital in a down market with high interest rates adds an extra layer of complexity. Recently, our company, Alkira, was fortunate to close a $100 million Series C funding round. We are incredibly grateful for the support we received, but it wasn’t an easy journey. As CEO and founder of Alkira and as CEO and founder of Viptela, a networking startup acquired by Cisco in 2017, I have been through the fundraising process many times. But this…

Inflation has remained stubbornly above the Federal Reserve’s 2% annual target, but recent economic data has stoked the view that the central bank should cut interest rates sooner rather than later.An inflation gauge on Thursday showed that headline inflation fell from the previous month for the first time since May 2020, according to data from CME Group, and immediately prompted the market to price in around an 89% probability that the Federal Reserve will begin cutting interest rates at its September meeting, up from 75% the previous day.The data is the latest to support the Fed’s interest rate cut.The U.S.…

(Some content in this segment may be difficult for sensitive ears to hear.) You can listen to the entire interview at the beginning of this hour. Have you heard of the Safe Haven Law or the Safe Haven Baby Box? If not, let me explain. They are literally lifesavers. 🍼💕 These laws are in place in every state in the US and allow new mothers who feel overwhelmed or unable to care for a newborn to safely and anonymously give up their baby. This ensures that the baby will be cared for without the mother facing legal repercussions. 🌟 Why…

Formerly known as the “Industrial Park,” Port Huron’s downtown area, home to about 29 manufacturers, is getting a rebranding and reinvention.In collaboration with the city and the St. Clair County Economic Development Alliance, the 275-acre site has been renamed the Technology and Advanced Manufacturing Park. The park, which has employed thousands of St. Clair County residents since the early 1970s, has seen many changes over the past few decades, but as the products the park’s companies develop become more sophisticated, the park’s image needed to change, too, according to Mayor James Freed.”You know, it used to be called the industrial…

In its human rights statement, Apple said, “We believe that an open society in which information flows freely is vital.” At the same time, Apple remains deeply involved in China, which is ruled by a party-state that does not allow the free flow of information. Apple says it must follow local laws, even if they are the laws of China’s authoritarian regime and go against the company’s human rights commitments.This tension has been going on for years, but a new report examining Apple’s App Store in China shows its findings. The store lacks many apps that are available in other…

The states that decided the 2020 presidential election were Arizona, Georgia, Pennsylvania and Wisconsin, which Joe Biden won by less than 1 percentage point. Four years earlier, similar margins in Michigan, Pennsylvania and Wisconsin had elected Donald Trump president.In both elections, the Democratic candidate won more votes nationwide — by millions more — but that doesn’t matter. What matters is the slim margin of victory in the Electoral College.That means this election may, and indeed will, be just as close in many of the same states. A candidate who has an advantage there, even if only slightly, is a better…

Despite a slow start, investor interest in defense technology is clearly there. Helsing, a developer of artificial intelligence software for defense, has raised about $489 million in a round of funding led by General Catalyst, valuing the company at $5.4 billion. The Germany-based startup designs software to enhance weapons capabilities for drones and fighter jets and improve decision-making on the battlefield. The company is active in Ukraine and the Baltic states as Eastern European countries fear further Russian aggression. The announcement was made during the NATO summit in Washington DC. Hellsing is no stranger to big fundraising: In September 2023,…

Tech stocks plummet as small caps, REITs and gold miners rise. Weak June inflation raises hopes of rate cuts. What will move the markets on Thursday?Markets reacted sharply after June’s weaker-than-expected inflation report raised hopes among traders that the Federal Reserve would cut interest rates, sending assets especially sensitive to higher interest rates higher.With annual inflation slowing to 3% from 3.3%, below the 3.1% forecast, and a monthly reading pointing to the first contraction in four years (-0.1%), traders have rapidly increased the likelihood of a September rate cut, now putting the probability at 92%.Surprisingly, large-cap indexes such as the…

The Competitive Enterprise Institute (CEI) is pleased to announce the winners and speakers for its annual Julian L. Simon Memorial Awards Dinner, to be held on Thursday, September 19th in Washington, DC. The 2024 Julian L. Simon Memorial Prize will be awarded to Magath Wade, an entrepreneur, author and speaker committed to enabling African prosperity through entrepreneurship and innovation. The prize celebrates Julian Simon’s vision of humanity as the ultimate resource and recognizes the outstanding current work that advances that vision. A native of Senegal, Wade is the author of The Heart of a Cheetah: What We’ve Been Lied About…