Tesla Shares Plunge 8%, Tech Sector Feels Ripple

Tesla shares slid over 8% in premarket trading due to disappointing Q2 earnings, sparking a broader tech sell-off that hit Nvidia, Microsoft, and Amazon. Meanwhile, Alphabet surpassed sales projections, reporting $84.7 billion in Q2 revenue despite YouTube ad earnings falling short.
Forbes + 39 • Financial Markets • Tech

Israeli Prime Minister Netanyahu defended Israel's Gaza campaign in a Congress address, seeking continued US support against Hamas. Amid protests and calls for a ceasefire, Netanyahu emphasized unity with the US and hinted at a possible ceasefire while stressing the need to dismantle Hamas.
NYTimes + 32 • World News

China's Chang'e-5 probe has discovered water traces in Moon soil, revealing over 40% of the sample's mass as water-rich mineral ULM-1. This finding, published in Nature Astronomy, challenges the long-held belief of a dry Moon and could significantly impact future lunar missions.
The Independent + 5 • Space Markets

The Bank of Canada has cut its key interest rate by 25 basis points to 4.50%, marking the second consecutive reduction to combat inflation and weakening economic conditions. The Bank also revised its 2024 growth forecast down to 1.2%, signaling a cautious economic outlook.
Seeking Alpha + 5 • Macroeconomics

Neuroscientists have pinpointed specific brain circuits in mice that alleviate pain via the placebo effect, promising new avenues for pain management. The study's findings suggest potential drug targets and highlight the cerebellum's role in pain modulation.
Nature + 4 • Science • Health

Ether ETFs launched with over $1 billion in trading volume, marking a significant debut and representing 23% of Bitcoin ETFs' initial volume. Experts see this as a moderate success, with investors shifting funds from higher-fee options.
CNBC + 3 • Crypto