Stock Market News
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| Consumer spending jumped in July as retail sales were up 1%, much better than expected – CNBC |
| Alibaba shares dip 3% after quarterly earnings miss expectations despite cloud acceleration – CNBC |
| Ackman’s Pershing Square takes new stakes in Nike, Brookfield – Reuters |
| Fed officials show more openness to September rate cut – Reuters |
| Cisco shares head for best day since 2020 on earnings beat, plans to cut 7% of workforce – CNBC |
| Amazon to test Prime Air drone delivery service in the UK – CNBC |
| TikTok and fast-food rivalry fuel Chili’s sales as parent Brinker says turnaround is taking hold – CNBC |
