Trends to Watch |
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The cybersecurity company Palo Alto Networks (Nasdaq: PANW) posted better-than-expected financial earnings results on Monday, sending the stock up 1.93% in after-hours trading.
Big Week: Here’s how U.S. stocks historically perform around the Fed’s Jackson Hole gathering (MarketWatch) |
| Another Setback: Boeing pauses tests of 777X aircraft after finding damage to one of the jets structures (CNBC) |
| Chip Wars: AMD is going after Nvidia with a $5 billion acquisition (Quartz) |
| Media Bids: Edgar Bronfman Submits $4.3 Billion Bid for Redstone’s National Amusements, Paramount Stake (Wall Street Journal) |
| Alt-Time: Bitcoin’s range-bound price action could kickstart BNB, TON, AAVE and HNT (Cointelegraph) |
Stock Market News |
| AMD to acquire server builder ZT Systems for $4.9 billion in cash and stock – Reuters |
| Estee Lauder’s long-time CEO Fabrizio Freda to retire – Reuters |
| SEC charges Carl Icahn with hiding billions of dollars worth of stock pledges – CNBC |
| Goldman Sachs cuts odds of U.S. recession to 20% after retail and jobs data – CNBC |
| Fed survey shows lows in employment, worries about finding work and dissatisfaction with pay – CNBC |
| German defence stocks down after report of freeze on new Ukraine military aid – Reuters |
| GoPro to cut 15% of workforce in restructuring push – Reuters |
| Harley-Davidson slams brakes on ‘woke’ policies after sparking biker and social-media outrage – New York Post |
