Featured Author, Invest 101

US equities market news – 18 Jul

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Daily quick insights, only the most important stock market news, so you can stay informed.

 

Stock Market News

J&J beats Wall Street estimates on strong drug sales – Reuters
TSMC shares fall more than 2% after Trump says Taiwan should pay for defence – Reuters
Novo Nordisk and Eli Lilly shares slide on new obesity drug trial from Roche – CNBC
Exclusive: Google-backed software developer GitLab explores sale, sources say – Reuters
Fed Governor Waller sees central bank ‘getting closer’ to an interest rate cut – CNBC
Chip stocks tumble on fears of tighter US curbs on sales to China – Reuters
Microsoft reportedly fires DEI team — becoming latest company to ditch ‘woke’ policy – New York Post
McDonald’s $5 value meals lure back inflation-battered customers as Starbuck’s, Chili’s also see boost: survey – New York Post

Trends to Watch

Discovering Good Results: Discover Financial quarterly profit jumps on higher interest income (Reuters)
Strip Mall CEO Again:Petco Names Joel Anderson as CEO Following Exit From Five Below (Wall Street Journal)
Stock Market Hurting Crypto:Bitcoin Dips Below $64K as U.S. Equity Selloff Stalls Crypto Rebound (CoinDesk)
Spotted:SEC approves Grayscale, Proshares spot Ethereum ETFs for trading on NYSE Arca (Cointelegraph)
Delicious Acquisition: Darden Restaurants to acquire Chuy’s for approximately $605 million (CNBC)

 

 

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