Super Micro Computer’s big stock split, Costco rises, and Bitcoin falls: Markets news roundup

Super Micro Computer’s big stock split, Costco rises, and Bitcoin falls: Markets news roundup

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Image for article titled Super Micro Computer's big stock split, Costco rises, and Bitcoin falls: Markets news roundup

Illustration: MF3d (Getty Images), Dennis Diatel Photography (Getty Images), Malte Mueller (Getty Images), Photo: muthardman (iStock by Getty Images), Anna Moneymaker (Getty Images), Michael M. Santiago (Getty Images), Joe Raedle (Getty Images)

Image for article titled Super Micro Computer's big stock split, Costco rises, and Bitcoin falls: Markets news roundup

Illustration: MF3d (Getty Images)

Super Micro Computer (SMCI) is set to undergo a stock split after the market closes on Monday, aligning itself with other prominent AI-driven companies like Nvidia and Broadcom, which also executed stock splits earlier this year. Following the split, the stock will begin trading Tuesday at its adjusted—and substantially lower—price.

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Portrait of businessman unhappy on his morning commute to work by the roadside

Photo: muthardman (iStock by Getty Images)

Image for article titled Super Micro Computer's big stock split, Costco rises, and Bitcoin falls: Markets news roundup

Illustration: Dennis Diatel Photography (Getty Images)

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

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Image for article titled Super Micro Computer's big stock split, Costco rises, and Bitcoin falls: Markets news roundup

Illustration: Malte Mueller (Getty Images)

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

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Image for article titled Super Micro Computer's big stock split, Costco rises, and Bitcoin falls: Markets news roundup

Photo: Joe Raedle (Getty Images)

If you’re thinking about buying a condo in Miami, you might want to hold off.

According to a new report from UBS, Miami has the highest bubble risk among all the cities it surveyed globally.

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

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

A new survey suggests cryptocurrency owners are equally likely to vote for Kamala Harris and Donald Trump

Buy Costco and American Express stock as inflation cools, analyst says

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

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