Sponsored by

Hello Friends! Before we jump into the latest news across the markets, communities, events, and other interesting topics, here is a brief plug for the sponsor of this edition of The Weekly Slice:

Clear. Concise. Unbiased. 1440's FREE newsletter.

Tired of news with a slant? Struggle to find the truth in a sea of sources? Get a daily dose of unbiased facts with 1440. Explore various topics like politics, business, and science. Be part of the 3 million informed Americans every morning.

• Markets: Stocks embraced their inner Mondo Duplantis and vaulted toward the sky yesterday, pushing all three major indexes up thanks to a slate of strong earnings reports. One of the companies impressing Wall Street was GM, which ticked up after it beat profit expectations and raised its annual outlook.

Market Analysis - Last 7 days

Over the last 7 days, the market has dropped 1.7%, driven by losses in every sector, especially the Financials sector. In contrast to the last week, the market is up 22% over the past year. Earnings are forecast to grow by 15% annually.

^{Source - https://www.simplywall.st/markets/us}

Market Trends and Economy

Tesla, Microsoft And Meta Headline Pivotal Earnings Week For Tech Stocks

This week is notable in the business world as several leading companies, often referred to as the Magnificent Seven, are scheduled to release their Q1 fiscal results. Among them are major industry players such as Tesla, Microsoft, Meta, and Google-parent Alphabet. IBD's Alexis Garcia and Ed Carson will be discussing these key earnings reports and their implications for their respective sectors.

Conferences

DigiMarCon Florida 2024

June, 27th - 28th, 2024  | Florida

DigiMarCon Florida, the Premier Digital Marketing, Media, and Advertising Conference & Exhibition in Florida returns June 27th to 28th, 2024 to the luxurious JW Marriott Miami Turnberry Resort & Spa in Miami, Florida. Join your peers in-person or online for 2 days jam-packed with digital marketing best practices, the latest trends, practical solutions, strategy, and networking, also check out the next generation of technology & innovation; Internet, Mobile, AdTech, MarTech & SaaS Technology.

FinovateFall

September, 9th - 11th, 2024 | New York

The most executive-level audience in fintech gathers at FinovateFall.A networking hub bringing together 2,000+ senior decision-makers with 1,000+ from banks, financial institutions, and investors. Resulting in an incredible 26,000+ meetings taking place. Join banks, investors, credit unions, and fintech innovators to collectively redefine the future of financial services around the world.

Communities - Let’s Grow Together 🌱

Realworld

The Realworld app is a game-changing innovation for the next generation of adults. With their easy-to-use app, Realworld provides the resources and tools for young adults to navigate adulthood in nearly every way. From tax filing assistance to everything users need to know about getting their first pet — Realworld lays the foundation for organization and success.

Snappr

Snappr is the one-stop shop for companies who need content created. They provide comprehensive software that organizes photo shoots, provides stock photos, editing capabilities, and more. Users are even allowed to create workflows for their visual content and the service integrates with almost any existing platform.

Emerging Technology Review

Microsoft Makes a New Push Into Smaller A.I. Systems

In the dizzying race to build generative A.I. systems, the tech industry’s mantra has been bigger is better, no matter the price tag.

Now tech companies are starting to embrace smaller A.I. technologies that are not as powerful but cost a lot less. And for many customers, that may be a good trade-off.

Generative A.I. Arrives in the Gene Editing World of CRISPR

Generative A.I. technologies can write poetry and computer programs or create images of teddy bears and videos of cartoon characters that look like something from a Hollywood movie.

Now, new A.I. technology is generating blueprints for microscopic biological mechanisms that can edit your DNA, pointing to a future when scientists can battle illness and diseases with even greater precision and speed than they can today.

Space Out

Earth got hammered by cosmic rays 41,000 years ago due to a weak magnetic field

Earth is under constant bombardment by high-energy charged particles called cosmic rays. We're normally shielded from this barrage by Earth's magnetic bubble, the magnetosphere. But what happens when this shield weakens?

Cosmic rays are primarily hydrogen nuclei blasted into space by powerful celestial events such as the supernova deaths of massive stars. These incredibly energetic particles are normally intercepted by the magnetosphere, which also protects us from harsh solar radiation from the sun.

Mirrors in space could boost solar power production on Earth. Here's how.

LONDON — A California-based startup wants to launch a constellation of orbiting mirrors, which will beam sunlight to solar power plants to boost renewable electricity production after dark. A prototype light-reflecting satellite could make its way to orbit next year. 

Ben Nowack, the founder and CEO of Reflect Orbital, introduced the company's plans at the International Conference on Energy from Space, held here last week.

The Crypto State

US spot bitcoin ETFs see third consecutive day of net inflows

Spot bitcoin exchange-traded funds in the U.S. recorded a third consecutive day of net inflows on Tuesday, bringing in $31.64 million, according to SosoValue data. The positive streak for the Bitcoin funds follows five days of outflow leading up to Bitcoin’s halving event.

Worldcoin subsidiary expects to sell WLD tokens from treasury to 'support' network growth

World Assets, a subsidiary of the Worldcoin Foundation, plans to sell WLD tokens from the World Assets treasury over the coming months.

The reason cited for the sale is to meet the increasing demand for orb-verified World IDs as well as claiming to support the growth of the Worldcoin network.

Startup Spotlight

Tome

Launched in 2020 by ex-Meta executives, this tool has dramatically grown its user base, recently surpassing 10 million users. Acknowledged among Fortune's Top 50 Innovators, Tome has also expanded its offerings with the introduction of a premium subscription option, Tome Pro. This platform is designed to enhance business communications by leveraging the power of generative AI to streamline and elevate presentations.

That’s a Wrap Slice

What is VedasLabs.io again?

VedasLabs.io is a Web 3.0 funding and networking platform that incentivizes an active, global community comprising founders, mentors, and investors. Our vision is to create a world where investment, the exchange of knowledge, and collaboration among investors, issuers, and industry experts are secure, instantaneous, and without friction.