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

   Super Micro Computer’s big stock split: What to know 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. Read More A ton of people are now underwater on their car loans Americans have a huge automotive debt problem right now. A new survey shows that 31 percent of American drivers who financed their car are underwater on their loans. The problem is even worse for EV owners – 46 percent of those folks have negative equity in their electric cars. Furthering the issue is the fact that over half of the drivers surveyed overestimated their vehicle’s value. Rough. Read More Dogecoin, Shiba Inu, Pepe, Solana, and more: Cryptocurrencies to watch this week 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. Read More Bitcoin drops to $60,000 as escalating Middle East tensions rattle the crypto market 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. Read More Miami might be in a real estate bubble, UBS says 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. Read More 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