Tech Stocks Tumble as Investors Await Microsoft and AMD Earnings Reports
On Tuesday, U.S. stocks displayed a mixed performance as major technology stocks pulled down the S&P 500 and Nasdaq Composite, leading up to crucial earnings reports and significant central bank announcements.
Dunkin’ Partners with Bithumb to Offer Bitcoin with Donuts in South Korea**
Dunkin', a renowned coffee and donuts chain, has launched a new initiative in South Korea, offering Bitcoin to customers through a partnership with local cryptocurrency exchange Bithumb. This unique promotion, which runs from July 26 to August 8, provides a novel way for customers to earn Bitcoin alongside their purchases.
Bitclout Founder Nader Al-Naji Charged in Multi-Million-Dollar Fraud Scheme
The U.S. Securities and Exchange Commission (SEC) has accused Nader Al-Naji, the founder of Bitclout (now rebranded as Decentralized Social), of orchestrating a multi-million-dollar fraudulent cryptocurrency scheme. According to the SEC, Al-Naji raised over $257 million through unregistered sales of Bitclout tokens (BTCLT) and misused these funds for personal expenditures. The regulator noted that Al-Naji attempted to bypass regulatory oversight by presenting Bitclout as a decentralized project and using a pseudonym.
Starbucks Faces Another Decline in Sales as New Initiatives Struggle to Gain Traction
Starbucks (SBUX) has reported yet another quarter of declining sales, missing both revenue and same-store sales growth expectations. In the third quarter, the company's revenue dropped by 1% to $9.1 billion, falling short of Bloomberg consensus estimates of $9.20 billion. Additionally, global same-store sales decreased by 3%, marking the second consecutive quarter of decline, while overall foot traffic dropped by 5%.
OpenAI Rolls Out New Voice Assistant Amid Controversy Over Johansson’s Look-Alike Voice
OpenAI, the organization behind ChatGPT, has introduced an early version of its voice assistant to a select group of paid subscribers as of Tuesday. This move follows a delay from the originally planned late June release, prompted by safety concerns and backlash over a voice option that drew significant criticism for its resemblance to that of actress Scarlett Johansson.
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