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US equities, trends & notables – 10 Jul

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Trends to Watch

Tech Layoffs: UiPath to lay off 10% of workforce in companywide restructuring (CNBC)

 

Before the Launch: What Still Needs to Happen Before Spot Ether ETFs Can Trade (CoinDesk)

 

Balancing Act: Powell Flags Rising Risks to Jobs While Avoiding Rate-Cut Timing (Bloomberg)

 

Sorry, Elon: Tesla’s Share of U.S. Electric Car Market Falls Below 50% (New York Times)

 

Struggling: 3 reasons why Ethereum price continues to underperform against BTC in 2024 (Cointelegraph)

 

Notables

Notable Earnings Today: WD-40 (Nasdaq: WDFC), PriceSmart (Nasdaq: PSMT), AZZ (NYSE: AZZ), Manchester United (NYSE: MANU), Theratechnologies (Nasdaq: THTX), E2open (NYSE: ETWO).
Notable IPOs Today: Talen Energy Corporation Common Stock (Nasdaq: TLN), SIM Acquisition Corp. I Unit (Nasdaq: SIMAU), Intermediate Municipal Income ETF (Nasdaq: TAXE).
Notable Equity Crowdfunding Campaigns Ending Today: Posh Pop Gourmet Popcorn (Honeycomb), Kamoti (StartEngine).
Notable Economic Events Today: Fed Chair Powell House Testimony (10:00 a.m. ET), Crude Oil Inventories (10:30 a.m. ET), Atlanta Fed GDPNow (12:00 p.m. ET).