TLDR

MARKET RECAP → Stocks closed higher on Wednesday, buoyed by Google (GOOG) as it scored a huge regulatory win, fueling broader optimism that big tech stocks are facing an accomodative regulatory environment.

🔒 COSTCO BAR HITS PAYDAY → Costco (COST) gold bars bought last year have gained ~41% as gold rallies—though realized value trails spot due to sell-side discounts and tax rates of up to 28%.

⚠ JOB OPENINGS HIT PANDEMIC LOW → U.S. job postings in July slipped sharply, with openings below unemployed levels for the first time since 2021, showing clear signs of labor-market erosion.

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MARKETS

Market Snapshot

Today’s S&P 500 Heatmap

Notable Earnings This Week

COMMODITIES

Costco Bar Hits Payday

Gold bars deliver real gains. A 1-oz Costco (COST) gold bar bought for ~$2,399 in June 2024 is now worth ~$3,390—delivering a ~41% unrealized return.

Not quite sell price. Sellers typically fetch 5–10% less than spot rates, depending on venue—so sidewalk gains are a bit smaller.

Safe still—not tax-free. Profit is taxable as collectibles at up to 28% for long-term gains, and Costco now caps purchases due to soaring demand.

ECONOMICS

Job Openings Hit Pandemic Low

⚠ Vacancies plunge sharply. U.S. job openings fell to 7.2 million in July—the second-lowest level since the pandemic—signaling a further cooling of the labor market.

📉 Hiring stalls, layoffs tick up. Sectors like healthcare and retail led the drop in postings; hiring rates slowed to a near-2013 low, even as layoffs edged slightly higher.

🆚 Workers outnumber openings. For the first time since April 2021, unemployed Americans now exceed job vacancies—highlighting how much harder it is to land a job today.

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BULL VS. BEAR

KEEP READING

Figma’s stock plunges after company’s first earnings report since IPO (CNBC)

Alphabet adds $230 billion in value after avoiding breakup in antitrust case (CNBC)

Amazon cracks down on Prime free shipping sharing (CNBC)

Polymarket gets regulatory green light to return to US (yahoo!finance)

US Bancorp reboots crypto custody after Trump-era rule change (Coin Telegraph)

Alibaba is developing a new AI chip — here’s what we know so far (CNBC)

NOTABLE POSTS

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