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    Bloomberg just says it: The Cybertruck is an automotive disaster on par with the Edsel, which itself became shorthand for a total failure: Ford introduced a car named the Edsel, named after Henry Ford’s son, almost 70 years ago. It’s widely viewed as the greatest automotive flop of all time. Tesla’s Cybertruck may now be well on its way to claiming that title.     Source:Tesla’s Cratering Cybertruck Sales Evoke Ford Edsel ComparisonsBy Bethany BenjaminBloomberg, July 22, 2026  

Listen to the audio version of this article (generated by AI). Investors are chasing yesterday’s winners, but a new chapter has begun This morning (Friday), when the alarm buzzed, my first instinct wasn’t to get out of bed. It was to hit snooze. Outside, it was still dark. The bed was warm. There wasn’t a single part of me that wanted to throw off the covers and start the day. I already had a decision to make, and I hadn’t been awake for 10 seconds. More sleep or get up and exercise. So, I got up. Then came the next…

The next phase of the AI boom will belong to companies that can turn innovation into profits. Listen to the audio version of this article (generated by AI). Hello, Reader. Wall Street loves a big number, and Microsoft Corp. (MSFT) delivered several this week. First, on Wednesday, the company reported its fourth-quarter earnings results. Earnings reached $4.81 per share, up from $3.65 per share a year earlier. Revenue came in at $90 billion, beating expectations of $87.6 billion, while Azure cloud revenue surged 43%. Microsoft also plans to spend $175 billion on AI infrastructure this year. But one number stood…

On Thursday, July 30, Amazon Inc.(AMZN) released its Q2 2026 earnings report. Given its crucial position as a Mag 7 mega-cap straddling both tech and e-commerce, Amazon’s earnings reports are usually closely watched by the broader investing community. Key Takeaways: Amazon reported its Q2 2026 earnings report on Thursday, which widely outperformed analyst expectations. The Mag 7 mega-cap overshot expectations in earnings per share by over $3, and reported revenue of $200.6 billion — 20% higher than 2025’s numbers. There are many ways for advisors to capitalize on Amazon’s momentum, be it through a thematic fund like the Amplify Online…

Key PointsBerkshire Hathaway’s stock portfolio holds many companies across various sectors.Buffett has always focused on buying stocks long-term that will perform well over an entire economic cycle.10 stocks we like better than Coca-Cola ›It’s hard to believe that Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB) stock is still underperforming the broader market this year. Yes, there is a new chief overseeing the company, Greg Abel, and it’s the first time in over six decades that former CEO Warren Buffett has not sat at the helm.Still, Buffett is executive chairman of the board and remains actively involved in the company. While the large…

We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. Learn more. In some cases, you can make a hardship withdrawal from your 401(k) plan to cover what the IRS calls an “immediate and heavy financial need.” While it can provide short-term financial relief, that same withdrawal can create financial challenges in the future. It can also increase your short-term costs due to taxes and the 10% penalty fee if you are under 59 ½ years old. What is a hardship withdrawal?…

Politics And The Markets 08/02/26

For the people tasked with keeping wealth management firms secure, the biggest threat is coming from within.Processing ContentNew data shows that AI compliance is the top concern for compliance professionals, far eclipsing cybersecurity risks.  It comes at a time in which AI is a big draw for advisors and their firms. Morgan Stanley, for example, recently found that AI might allow advisors to triple the number of clients they serve, while JPMorgan suggested AI investing agents could get better returns than a standard 60-40 portfolio. But with all the advantages, there are concerns.According to a survey of compliance professionals at 411 investment…

For most of modern business history, payments sat outside the product.  You sold something, then you figured out how to get paid. Invoices were mailed. Checks were cut. Credit cards were swiped on separate terminals. Even when commerce moved online, payments often remained something you were redirected to: a separate page, a separate provider, a separate moment entirely.  What changed — and what we now call “embedded payments” — was not simply that businesses found new ways to move money. Businesses have always needed to pay and get paid. What changed was that software became the product. Once the product…

Key TakeawaysThree suspects were arrested over a 12.3 billion won XRP scheme.The fake XRP platform promised monthly returns of up to 1.8%.Police traced 27.3 billion won through wallets linked to the case. Fake XRP Platform Vanished After Collecting Investor Funds The Seoul Metropolitan Police Agency announced July 30 that investigators had apprehended three people accused of operating a fraudulent XRP investment platform, according to Korean newspaper Chosun. Authorities allege the group collected approximately 3.4 million XRP from 71 investors between Oct. 16 and Oct. 23 before closing the website and disappearing. The suspects allegedly promoted Fxrpntwork.com through portal blogs, online…