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GM beats second-quarter expectations, raises forecast again

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Stock Market News

Ether ETFs appear set to launch on Tuesday, six months after massive debut for bitcoin funds – CNBC
Republican representatives call on CrowdStrike CEO George Kurtz to testify – CNBC
Lockheed Martin lifts 2024 sales target on fighter jet, missile demand – Reuters
Cloud security startup Wiz walks away from $23B Google acquisition on antitrust concerns: report – New York Post
Lyft president Kristen Sverchek to exit on Aug. 20 – CNBC
Comcast expects to carry 100 NBA games each season in new broadcast rights deal – Reuters
GM beats second-quarter expectations, raises forecast again – Reuters

 

 

Trends to Watch

First Day: Ether ETF Volumes Top $1B on Day One (CoinDesk)
No-Fly Zone: Delta is still melting down. It could last all week (CNN)
Slight Slowdown: Visa’s stock falls as volume growth slows, but exec says trends are stable (MarketWatch)
Weak Spring Selling Season: U.S. Home Prices Hit Record in June for Second Consecutive Month (Wall Street Journal)
Price Boom: XRP price hasn’t seen $1 since 2021 — but this could change in Q4 (Cointelegraph)

 

What else is happening…

AI race: Meta (META) unveils largest version of Llama model.

91% favor reforms in public comments for marijuana rescheduling.

IT meltdown: CrowdStrike (CRWD) blames bug in content update.

Ike Perlmutter sells entire Disney (DIS) stake after proxy loss.

UPS (UPS) CEO: Steep labor cost attributed to ‘bathtub effect.’

Apple (AAPL) dabbles with foldable iPhone, eyes 2026 release.

Southwest Airlines (LUV) faces FAA audit over series of close calls.

Visa posts mixed results as payment volume growth slows slightly.

 

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