Today’s topics

• The priciest presidential race ever

• Bitcoin shot up nearly 8% on Wednesday

• Australia’s "world-leading" ban on social media for kids

• Toyota’s ‘flying car’ successfully tested

  and more…

Wall Street kept its cool with the Fed’s latest meeting barely ruffling the waters. The Nasdaq Composite rocketed 1.5%, powered by tech giants, while the S&P 500 climbed 0.7%, flirting with the elusive 6000 mark. The Dow, however, played wallflower, weighed down by financials, industrials, and energy stocks. Still, the S&P and Nasdaq set new records, with the “Magnificent Seven” heavyweights—like Meta, Tesla, Alphabet, and Apple—stealing the show despite weaker overall market breadth.

Elon Musk gets $15 billion richer thanks to Trump’s win. Trump’s victory sent Tesla stock in the sky, handing Elon Musk a cool $15 billion boost in net worth. With his 13% stake in the company, Musk's wealth reached approximately $290 billion, solidifying his position as the world's richest man. This places him over $60 billion ahead of Amazon founder Jeff Bezos.

Bank of England cuts rates but warns inflation’s here to stay. The Bank of England slashed interest rates to 4.75% on Thursday, only its second cut since 2020. However, future cuts will be slow, as inflation remains stubbornly high. In an 8-1 vote, the Monetary Policy Committee backed the cut, with only Catherine Mann holding out to keep rates steady.

The most expensive presidential election ever. In the priciest presidential race ever, Donald Trump and Kamala Harris have spent a combined $3.5 billion, according to an analysis by the Financial Times. About half of all spending in the presidential race has been directed towards ads and media.

Bitcoin hits all-time high. Bitcoin shot up nearly 8% on Wednesday, smashing past $75,000 and setting a new record. Other digital currencies like Ether joined the rally, with investors banking on a pro-crypto future under Trump.

Tesla moves $765M in Bitcoin. Tesla moved a massive $765 million worth of Bitcoin to unknown wallets, and it’s got everyone talking. According to Arkham Intelligence, the EV giant—one of the biggest Bitcoin holders in the U.S.—is keeping tight-lipped on whether this is a step toward selling or just a strategic shuffle.

Toyota’s ‘Flying Car’ Successfully Tested

The Toyota-backed startup completed its first successful test flight in Japan, marking a huge leap for futuristic travel. With plans to kick off commercial operations as early as 2025, Toyota is eyeing the Middle East and other regions for its launch, along with demo flights at the Osaka-Kansai Expo.

Meet CLAWS: the AI robot that zaps weeds. CLAWS is a farming robot that uses AI and patented light tech to zap pesky weeds while leaving crops and soil untouched. No chemicals, no damage—just smarter farming.

Trump 2.0: what’s next for tech? Crypto fans and Elon Musk could be in for a win, thanks to Trump’s relaxed take on regulation. But not all big tech companies will see benefits from a hands-off stance on antitrust.

Lyft prepares to launch self-driving rides. Lyft is teaming up with May Mobility, Mobileye, and Nexar to bring self-driving cars to its app. Starting in 2025, Atlanta riders can hail autonomous rides with May Mobility on Lyft. Mobileye’s tech will add more AVs to the app, and Nexar’s data-sharing will help train smarter driving systems.

The Rise of Generative AI: From Academic Dream to Daily Reality

Generative AI is no longer a whisper of the future—it’s a full-throated force shaping today’s world. But what is it, exactly? And how did it go from academic curiosity to a workplace game-changer practically overnight?

This article by Softarex Technologies traces the evolution of this groundbreaking tech, breaking down what developers, creatives, and executives need to know to stay ahead. Explore the full analysis and learn:

• About the main generative AI models

• How it learns and creates things

• Examples of popular generative AI systems

• How to work and grow with its help

Sponsored by Softarex

Australia’s social media ban for kids. Australia is cracking down on kids’ screen time with the government planning a "world-leading" ban on social media for anyone under 16, with no exceptions—even if parents approve or accounts already exist. The proposed law could go into effect by late next year, setting a new global standard for online safety.

The most unique hotel in every state. Bucket list worthy stays, from an oversized potato to a modern art museum.

TikTok of the day: watch here

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