Party speakers are out.
A weekly newsletter by David Pierce designed to tell you everything you need to download, watch, read, listen to, and explore that fits in The Verge's universe.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
4 minutes ago
- Yahoo
AT&T's bundled plans spur subscriber surge, tax savings to fund fiber expansion
(Reuters) -AT&T beat quarterly profit estimates and added more wireless subscribers than expected as customers flocked to its discounted bundles combining 5G mobile and high-speed fiber plans. The U.S. telecom giant added 401,000 net monthly bill-paying wireless phone subscribers in the second quarter, it said on Wednesday, flying past FactSet estimates of 295,700. Rival Verizon lost 9,000 customers during the same period. AT&T also disclosed plans to invest about $3.5 billion from savings unlocked by the Trump administration's new tax law to accelerate its fiber network build-out, a critical growth area as the wireless market saturates and internet usage surges. The tax law allows companies to immediately write off the full cost of certain new equipment and boosted annual forecast at Verizon on Tuesday. Savings from the law could help wireless carriers better challenge broadband giant Comcast, which has also been making inroads into wireless. AT&T expects to save $6.5 billion to $8 billion in cash taxes through 2027 under the new tax reforms, and now projects free cash flow to be about $1 billion higher than previously forecast for both 2026 and 2027. The company added 243,000 fiber customers. AT&T said it expects the acquisition of Lumen's mass markets fiber business, set to close in the first half of 2026, to propel it to more than 60 million fiber locations by the end of 2030. It reported revenue of $30.8 billion, beating estimates of $30.50 billion, according to data compiled by LSEG. Adjusted earnings per share of 54 cents also surpassed expectations of 51 cents. Mobility revenue grew 6.7%, driven by subscriber gains and higher wireless device sales volumes.
Yahoo
4 minutes ago
- Yahoo
The Nasdaq Just Reached a New All-Time High -- These ETFs Could Keep Climbing
Key Points If you're looking to beat the market, investing in top artificial intelligence (AI) stocks is a no-brainer. The Fundstrat Granny Shots U.S. Large Cap ETF offers diversified exposure to multiple investing themes, including AI. The Dan Ives Wedbush AI Revolution ETF is perfect for investors who want instant diversification across all the key players. 10 stocks we like better than Tidal Trust III - Fundstrat Granny Shots Us Large Cap ETF › The Nasdaq Composite (NASDAQINDEX: ^IXIC) recently broke through the 20,000 point level to reach new highs. Investors who feel overwhelmed about picking their own stocks shouldn't fret. The beauty of exchange-traded funds (ETFs) is that they can be used to achieve targeted exposure to almost any theme, or investment strategy, you're interested in. Investors shouldn't overthink this. There is one obvious opportunity in 2025 to beat the market -- artificial intelligence (AI). The market rally continues to be fueled by companies enabling the adoption of this technology, so focusing on top ETFs that offer adequate exposure to this opportunity is your best bet. Here are two I would buy right now. 1. Fundstrat Granny Shots U.S. Large Cap ETF Don't be fooled by the name. If you're looking for a fund that seeks to hold shares of industry leaders across emerging trends in the economy, not just AI, this fund is for you. The Fundstrat Granny Shots U.S. Large Cap ETF (NYSEMKT: GRNY) is an actively managed fund that just launched last year. The fund is led by Tom Lee, who is head of research at Fundstrat Capital. Lee previously served as JPMorgan Chase's Chief Equity Strategist from 2007 through 2014, when Lee co-founded Fundstrat Global Advisors. Since its inception in 2024, the Granny Shots ETF is up 14.9% compared to the Nasdaq's 8.4% return at the time of writing. Lee and his team use a top-down method of selecting stocks. This means they identify key themes that are breeding opportunities, such as AI or fintech, and then select the best stocks to capitalize on those themes. In addition to AI, the long-term themes reflected in the fund's stock holdings are millennials' increasing spending power, energy, cyber security, and improving economic conditions. These themes can change based on Fundstrat's research but this is what it is currently working with to select stocks for the fund. Here's a quick look at the top 10 holdings in the fund as of July 17, and their respective weightings: Robinhood Markets (3.91%) Oracle (3.55%) Advanced Micro Devices (3.40%) Nvidia (3.13%) GE Vernova (3.03%) GE Aerospace (2.85%) Palantir Technologies (2.79%) KLA Corp. (2.79%) Goldman Sachs (2.76%) Caterpillar (2.76%) One thing that might appeal to investors is that it's not going after just one trend like AI. Lee is thinking broadly about all the key trends in the economy and structuring the portfolio to profit from them. It's worth mentioning that Lee is a regular guest on CNBC, which is beneficial for investors. If you decide to invest in the fund, there are plenty of videos of Lee's interviews on YouTube or X to get insight into his strategy and thinking. The fund charges an expense ratio of 0.75%, which is typical for an actively managed ETF. This means for every $1,000 invested, you will incur an annual cost of $7.50. Since this is a relatively new ETF, investors should start with a small position and average into it over time. After all, past performance isn't a guarantee of future results. But given the fund's focus on investing in industry-leading companies that have excellent growth prospects, this is a very promising ETF to consider holding for the long term. 2. Dan Ives Wedbush AI Revolution ETF Finally, for investors who want pure exposure to AI, look no further than a fund named after the biggest AI bull on Wall Street, Dan Ives. Ives is managing director and global head of technology research at Wedbush Securities. He's been covering the tech sector for many years as an analyst. The Dan Ives Wedbush AI Revolution ETF (NYSEMKT: IVES) includes the top stocks from Ives' coverage universe to profit off this opportunity. There are 30 holdings in the fund as of July 16. Here are current top 10 holdings and their respective weightings: Nvidia (5.62%) Oracle (5.28%) Taiwan Semiconductor Manufacturing (5.20%) Broadcom (4.92%) Microsoft (4.89%) Amazon (4.72%) Advanced Micro Devices (4.71%) Meta Platforms (4.64%) Apple (4.63%) Alphabet (4.50%) Keep in mind, this fund just launched over a month ago, so it doesn't have much of a track record. But it's not difficult to tell by looking at the holdings in the fund that it is likely to perform well. It's likely to outperform the Nasdaq over the next five years, at least. The fund has already attracted $343 million in assets since June 3, which reflects Ives' reputation as an analyst and the quality of the stocks in the portfolio. The fund is not actively managed but charges an expense ratio of 0.75%. But so far, the fund is up 9.3% since inception in June, slightly outpacing the Nasdaq at the time of this writing. The Fundstrat and Wedbush ETFs are likely to outperform the market over the next five years. While they will likely be more volatile than the major market indexes given their exposure to high-growth stocks, these growth ETFs are great choices for investors looking for a hands-off way to invest in the best growth stocks out there. Do the experts think Tidal Trust III - Fundstrat Granny Shots Us Large Cap ETF is a buy right now? The Motley Fool's expert analyst team, drawing on years of investing experience and deep analysis of thousands of stocks, leverages our proprietary Moneyball AI investing database to uncover top opportunities. They've just revealed their to buy now — did Tidal Trust III - Fundstrat Granny Shots Us Large Cap ETF make the list? When our Stock Advisor analyst team has a stock recommendation, it can pay to listen. After all, Stock Advisor's total average return is up 1,055% vs. just 180% for the S&P — that is beating the market by 874.27%!* Imagine if you were a Stock Advisor member when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $665,092!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,050,477!* The 10 stocks that made the cut could produce monster returns in the coming years. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. JPMorgan Chase is an advertising partner of Motley Fool Money. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. John Ballard has positions in Advanced Micro Devices and Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Amazon, Apple, Goldman Sachs Group, JPMorgan Chase, Meta Platforms, Microsoft, Nvidia, Oracle, Palantir Technologies, and Taiwan Semiconductor Manufacturing. The Motley Fool recommends Broadcom, GE Aerospace, and Ge Vernova and recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. The Nasdaq Just Reached a New All-Time High -- These ETFs Could Keep Climbing was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 minutes ago
- Yahoo
Wall Street futures lifted by US-Japan trade deal
(Reuters) -U.S. stock index futures jumped on Wednesday after President Donald Trump struck a trade deal with Japan, bolstering expectations of more such agreements as the August 1 deadline approaches. The agreement includes lowering tariffs on Japan's auto sector to 15% from the previous 27.5%, while duties on other Japanese goods will also be slashed to 15% from 25%. At 5:48 a.m. ET, S&P 500 E-minis were up 23.25 points, or 0.37%. Nasdaq 100 E-minis were up 37.25 points, or 0.16%, and Dow E-minis were up 216 points, or 0.48%. The benchmark S&P 500 closed at a record high on Tuesday, marking its eighth record close in nearly a month, boosted by easing trade tensions, signs of a resilient U.S. economy and largely upbeat second-quarter earnings. The blue-chip Dow ended 0.4% higher and was just 1.25% shy of its all-time high. The tech-heavy Nasdaq, however, was dragged lower by losses in Meta Platforms and Microsoft. Investors' attention is on earnings from "Magnificent Seven" group that have helped propel U.S. stocks to all-time highs, with Tesla and Alphabet set to report after the closing bell on Wednesday. Renewed optimism about artificial intelligence, coupled with stretched valuations, has led to elevated earnings expectations for these stocks, leaving little room for disappointment. Shares of Tesla and Alphabet were largely steady in premarket trading. Texas Instruments sank 11.7% after its quarterly profit forecast failed to impress investors, as it pointed to weaker-than-expected demand for its analog chips from some customers and underscored tariff-related uncertainty. The earnings also weighed on its peer analog chipmakers, with Analog Devices, NXP Semiconductors and ON Semiconductor falling between 4.7% and 6.3%. Automaker General Motors became a casualty of the trade war on Tuesday when it said Trump's tariffs took a $1.1 billion hit on its quarterly earnings, sending its shares down more than 8%. Other notable names reporting on Wednesday include Hasbro, Chipotle, and Mattel. In economic data, existing home sales numbers for June is due on the day. Thursday's weekly jobless claims numbers and S&P Global's flash PMI data will be closely assessed to gauge economic health in the wake of tariff uncertainties. Following a mixed set of economic data last week, traders have ruled out an interest rate cut by the Federal Reserve next week. Odds for a September reduction stand at 56.1%, according to the CME FedWatch tool. Sign in to access your portfolio
