Trends to Watch |
Beautiful: Warren Buffett’s Berkshire Hathaway Takes Ulta Beauty Stake, Sending Shares Up (Wall Street Journal) |
Ready for September: Stocks Rise as CPI ‘Checks The Box’ for Fed Cuts: Markets Wrap (Bloomberg) |
Winning Bet: DraftKings abandons plan for betting surcharge after FanDuel doesn’t follow suit (Axios) |
Bitcoin Support: Morgan Stanley discloses $188M in BlackRock Bitcoin ETF holdings (Cointelegraph) |
Leadership Change: Victoria’s Secret Names Hillary Super CEO, Hiring Savage x Fenty Exec (Women’s Wear Daily) |
Stock Market News |
Consumer prices rose 0.2% in July, in line with expectations – CNBC |
Activist Elliott will launch proxy fight at Southwest Airlines, to nominate as many as 10 directors – CNBC |
Victoria’s Secret Stock Pops After Tapping Savage X Fenty CEO for Top Role – Investopedia |
Intel sells stake in UK chip designer Arm amid company-wide restructuring and cost cuts – CNBC |
Cisco reports better-than-expected results and issues optimistic forecast – CNBC |
Chinese tech giant Tencent’s quarterly profit jumps 82% as key gaming unit accelerates – CNBC |
Shares of Trump’s media firm near record low following his return to X – Reuters |
Berkshire reveals stakes in Ulta Beauty, Heico as it retreats from Apple – Reuters |