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Super Micro Computer’s Big Stock Split, Costco Rises, and Bitcoin Falls: Market News Overview

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Super Micro Computer’s Big Stock Split, Costco Rises, and Bitcoin Falls: Market News Overview

Super Micro Computer’s big stock split: What you need to know

Illustration: MF3d (Getty Images)

Super Micro Computer (SMCI) will undergo a stock split after the market closes on Monday, joining other prominent AI-powered companies such as Nvidia and Broadcom, which also conducted stock splits earlier this year. After the split, the stock will begin trading at the adjusted – and significantly lower – price on Tuesday.

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A lot of people are now underwater on their car loans

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Americans currently have a huge debt problem in the auto sector. A new survey shows that 31 percent of American drivers who financed their cars are underwater on their loans. The problem is even worse for EV owners: 46 percent of these people have negative equity in their electric car. Compounding the problem further is the fact that more than half of motorists surveyed overestimated the value of their vehicle. Rough.

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Dogecoin, Shiba Inu, Pepe, Solana and more: cryptocurrencies to watch this week

Illustration: Dennis Diatel Photography (Getty Images)

The cryptocurrency market is poised to enter the new quarter with renewed optimism fueled by recent rate cuts and anticipation surrounding the upcoming November elections. Regardless of the outcome, both major political parties have hinted at policies that could benefit the crypto industry, further boosting investor confidence.

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Bitcoin falls to $60,000 as escalating tensions in the Middle East roil the crypto market

Illustration: Malte Mueller (Getty Images)

Bitcoin fell to $60,000 on Tuesday evening as tensions worsened in the Middle East following Iran’s attack on Israel. The leading cryptocurrency fell almost 5% to trade at $60,834.

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Miami may be in a real estate bubble, says UBS

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If you’re considering buying a condo in Miami, you might want to wait a little longer.

Miami has the highest bubble risk of any city it surveyed worldwide, according to a new report from UBS.

UBS (UBS) said that while Miami’s housing boom has cooled “somewhat” thanks to higher mortgage rates, prices in the city have risen nearly 50% since the end of 2019. Seven percent of that growth occurred in the past four quarters. .

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Donald Trump and Kamala Harris are neck-and-neck with crypto voters, says Coinbase poll

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A new survey shows that cryptocurrency owners are as likely to vote for Kamala Harris as they are for Donald Trump

Buy Costco and American Express Stocks as Inflation Cools, Analyst Says

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Nvidia and Microsoft earnings will move markets, but Motley Fool Asset Management’s Shelby McFaddin sees opportunity in inflation plays like Costco

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