Stock Market News |
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| McDonald’s posts surprise drop in quarterly global sales as spending slows – Reuters | |
| Apple’s artificial intelligence features to be delayed, Bloomberg News reports – Reuters | |
| Microsoft’s costs in focus as fears rise over slow payoff from AI – Reuters | |
| Delta Air Lines to seek compensation over cyber outage, CNBC reports – Reuters | |
| Tesla jumps on replacing Ford as Morgan Stanley’s ‘top pick’ in US auto sector – Reuters |
Trends to Watch |
| Cheers: Cannabis company Tilray placed a huge bet on craft beers. It’s already paying off. (MarketWatch) |
| Ouch: Ether ETFs Saw $340M of Negative Outflows in Their First Week (CoinDesk) |
| Cut Loose: Investors on Alert for Fed Signals of September Rate Cut (Wall Street Journal) |
| Favorable: Bitcoin price closes in on all-time high as political and TradFi tone and tenor shift (Cointelegraph) |
| Wealthy: One out of every 15 Americans is a millionaire, UBS says (Fortune) |
What else is happening…
WSB survey results: Broader look at current crypto sentiment.
McDonald’s (MCD) shares gain as $5 Meal Deal sees traction.
Soaring rents: Starbucks closes iconic Greenwich Village store.
Delta (DAL) hires law firm to seek damages for global tech outage.
Abbott (ABT) may settle baby formula cases for up to $300M.
RSV vaccine market to decline 64% following CDC decision.
Most American pharma companies don’t pay any income tax.
Uranium contracts are soaring on uncertain supply, power demand.
BHP, Lundin to buy copper miner Filo (OTCQX:FLMMF) for $3B.
Biden unveils SCOTUS plan: Ethics code, immunity and term limits.
