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Three-year inflation outlook hits record low in consumer survey –  Aug 13

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Stock Market News

SEC probe of B. Riley widens as struggling firm’s stock drops more than 50% on profit warning – New York Post
JetBlue downgraded by S&P and Moody’s amid $3B debt raise – Fox Business
Universal Music, Meta expand music licensing agreement – Reuters
Bank of America no longer predicting recession, CEO says – Fox Business
Three-year inflation outlook hits record low in New York Fed consumer survey –


CNBC

Market sell-off won’t last as there’s no tech bubble to burst, CIO says – CNBC
Citigroup’s head of digital assets for markets unit departs, memo says – Reuters
LL Flooring to close 94 stores as it files for bankruptcy – Fox Business
U.S. crude oil rises a fifth day, tops $77 per barrel, as Pentagon sends more forces to Middle East – CNBC

 

Trends to Watch

Gassed Out: Exxon lays off 59 workers, starts job cuts after Pioneer acquisition close (Reuters)
Leveraged: Investors Borrowed Like Crazy During the Rally. Now They’re Paying the Price. (Wall Street Journal)
Fast Food Price Wars: KFC expands $5 value menu to include nuggets, drums and more (USA Today)
Workout Over: Blink Fitness files for bankruptcy and may close some gyms (CNN)
Successful: Latvian startup closes €80K in crowdfunding to boost production of electric camper-trikes (ArcticStartup)