TazaPulse

Situational Awareness meltdown was warning shot

TazaPulseAugust 5, 2026

Leopold Aschenbrenner (L) and Bank of America CEO Brian Moynihan. Photo: Josh Edelson (L) | Oscar Molina (R) Bank of America CEO Brian Moynihan on Wednesday called the recent near-collapse of high-flying AI hedge fund Situational Awareness a warning shot for financial markets that are being fueled by elevated valuations and borrowed money. Last week,...

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We’re adding to our position in a chipmaker as the AI trade regains its footing

TazaPulseAugust 5, 2026

Shortly after the opening bell, we will buy 100 shares of Intel at roughly $97.97. Following the trade, Jim Cramer’s Charitable Trust will own 1,300 shares of INTC, increasing its weight in the portfolio to about 3.20% from 3%. After gaining 10% in Tuesday’s session, Intel shares are down slightly in premarket trading following a...

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Mortgage rates hit their highest level in over a year

TazaPulseAugust 5, 2026

Homes in Hercules, California, June 17, 2026. David Paul Morris | Bloomberg | Getty Images Mortgage demand continued to plummet last week, after mortgage rates rose to their highest level in over a year. Total mortgage application volume dropped 2.9% week to week, according to the Mortgage Bankers Association’s seasonally adjusted index. Applications were also...

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Eli Lilly (LLY) earnings Q2 2026

TazaPulseAugust 5, 2026

Eli Lilly on Wednesday reported second-quarter earnings and revenue that blew past estimates and hiked its full-year sales outlook, as demand for its blockbuster weight loss drug Zepbound and diabetes treatment Mounjaro surged again. The pharmaceutical giant now expects 2026 revenue to come in between $85 billion and $87 billion, up from a previous guidance of...

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Elizabeth Warren probes UAE tech access after Trump crypto investments

TazaPulseAugust 5, 2026

Ranking member Sen. Elizabeth Warren, D-Mass., questions Federal Reserve Chairman Kevin Warsh as he testifies before the Senate Banking Committee on Capitol Hill in Washington, July 15, 2026. Tasos Katopodis | Getty Images Sen. Elizabeth Warren, D-Mass., on Wednesday demanded that Commerce Secretary Howard Lutnick explain the Trump administration’s July decision to ease export controls...

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Ken Griffin’s Citadel posts best month in years after scooping up Situational Awareness stocks

TazaPulseAugust 5, 2026

Ken Griffin, Founder and Chief Executive Officer of Citadel, speaks during the America Business Forum at Kaseya Center in Miami, Florida, U.S. Nov. 5, 2025. Marco Bello | Reuters Ken Griffin’s Citadel posted strong gains across its major hedge funds in July, helped by a recovery in risk assets and a discounted purchase of assets...

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5 things to know before the stock market opens Wednesday

TazaPulseAugust 5, 2026

This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Wednesday. My home state of Michigan had a big election yesterday. While we wait for the race to be called, read why the word “communist” has been a popular one this primary cycle. Stock futures are rising this morning. The three...

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Private companies added just 44,000 workers in July, below expectations, ADP reports

TazaPulseAugust 5, 2026

Hiring at private companies slowed considerably in July, with most of the job growth coming health care, payrolls processing firm ADP reported Wednesday. Nonfarm job growth excluding government totaled a seasonally adjusted 44,000 for the month, below the downwardly revised 95,000 in June and less than the Dow Jones consensus forecast for 75,000. On net,...

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CVS Health (CVS) earnings Q2 2026

TazaPulseAugust 5, 2026

CVS Health on Wednesday blew past second-quarter earnings and revenue estimates and raised its 2026 guidance, as its insurance unit Aetna shows signs of recovery. CVS, which operates the nation’s largest pharmacy chain, sees full-year adjusted profit coming in between $7.90 and $8.10 per share. That’s up from a previous guidance of $7.30 to $7.50...

‘No need to apologise’: Rahul meets student protesters, slams PM Modi, Shah over police brutality | India News

TazaPulseAugust 5, 2026

Addressing the protesters, Rahul said he was “proud of every single young person” who had raised their voice NEW DELHI: Congress leader Rahul Gandhi on Wednesday met five student protesters who he said were targeted during the Gen Z demonstrations that led to the resignation of Dharmendra Pradhan as Union education minister.Narrating their experiences, the...