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Buffett offloads Bank of America shares worth $982 mln in latest sale- Aug 29

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Stock Market News

AI giant Nvidia delivers strong earnings but fails to satisfy growth-hungry investors – New York Post
Billionaire investor Buffett offloads Bank of America shares worth $982 mln in latest sale – Reuters
Xpeng releases mass-market EV with basic driver-assist for less than $20,000 – CNBC
Consumer confidence reaches six-month high, but labor market worries rise – Fox Business
OpenAI in talks to raise funding at over $100 bln valuation, WSJ reports – Reuters
Google to relaunch tool for creating AI-generated images of people after pulling service due to inaccuracies – CNBC
Super Micro shares fall 23% on filing delay, Hindenburg Research report – CNBC

Trends to Watch

Inching to Profits: Affirm’s stock soars after earnings crush estimates and CEO sees path to profitability (MarketWatch)
Fizzling Out: Bitcoin Price Slides Below $60,000. Why Cryptos Are Falling. (Barron’s)
Bad Week for Telegram: Telegram-Linked TON Blockchain Suffers Second Outage (CoinDesk)
Super Bad: Super Micro shares fall 19% on filing delay, Hindenburg Research report (CNBC)
Big Deal: Big Lots Is Considering Bankruptcy Filing After Sales Slump (Bloomberg)