πŸ“ˆ Bitcoin ETFs Green Light

Plus: Elon wants more Tesla

Good Morning!

First off, our US stock market had a bit of a 'Tuesday Blues' moment, taking a nosedive alongside its Asian and European pals. Then, in a plot twist, Coinbase waved goodbye to a cool 17% of its value. Why? Because the US said 'yes' to Bitcoin-packed ETFs, making crypto the new easy-peasy lemon squeezy investment.

But wait, there's more! Over at Fool.com, they’re spilling the beans on a growth stock that's basically a party popper for your portfolio. And for the grand finale, Elon Musk of Tesla fame is eyeing a bigger piece of the pie, wanting double the control before turning Tesla into an AI and robotics Goliath.

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Markets

US futures slide on rate doubts, China growth fears (5 minute read)
Looks like the US stock market's alarm clock buzzed with a bit of a headache this morning! The futures took a little tumble, getting some 'sympathy pains' from their Asian and European buddies. Everyone's a bit jittery, what with China's growth hitting a speed bump and those central bankers raining on the parade by squashing hopes for rate cuts.

Investing

Coinbase Stock Wipes Out 17% in a Week as Bitcoin ETF Hype Soaks Up Billions (2 minute read)
Last week, Coinbase (COIN) watched a chunky 17% of its value do a disappearing act, thanks to Uncle Sam's green light to the first-ever exchange-traded funds (ETFs) that are chock-full of actual Bitcoin. These new spot Bitcoin ETFs are like a magic wand for institutions and regular Joes alike, making owning digital gold as easy as pie, minus the headache of guarding those cryptic crypto wallets.

1 Fantastic Growth Stock Down 76% Investors Can Buy Hand Over Fist in 2024 (9 minute watch)
Fool.com's own wordsmith, Parkev Tatevosian, is dishing out the lowdown on why this growth stock is like finding a golden ticket for your portfolio.


Musk wants 25% voting control at Tesla before fulfilling AI goal (5 minute read)
Elon Musk, the head honcho at Tesla (TSLA), has thrown a bit of a curveball, saying he'd feel like a cat on a hot tin roof about bulking up Tesla into an AI and robotics powerhouse. And here's the kicker: he wants his slice of the pie to be a whopping 25% in voting control, almost twice what he's got now. Talk about upping the ante!

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