Stock Market News |
| Lowe’s cuts full-year outlook as it expects home improvement sales to weaken – CNBC |
| Bidding war erupts over Paramount as Edgar Bronfman submits $4.3B competing offer – New York Post |
| Alaska Airlines and Hawaiian Airlines merger clears Justice Department hurdle, now faces DOT – CNBC |
| EU slashes planned tariff on Tesla’s China-made EVs to 9% – Reuters |
| Netflix upfront ad commitments surge as NFL games, Squid Game boost appeal – Reuters |
| OpenAI announces content deal with Condé Nast, including content from Wired, The New Yorker and Vogue – CNBC |
| Uber hires ex-Tesla exec Rebecca Tinucci to oversee EV transition, memo says – Reuters |
| Waymo has doubled its weekly paid robotaxi trips to 100,000 since May – CNBC |
Trends to Watch |
| Struggling: Solana price hits a wall at $150 as several headwinds intensify (Cointelegraph) |
| Off Track: Canadian freight trains could stop moving Thursday. If they do, many businesses will be hurt (Associated Press) |
| Weird Times: People are worried about losing their jobs even though the economy is good—it’s a ‘vibecession’ (Fortune) |
| Slimming Down Diabetes: Eli Lilly Says Weight-Loss Drug Sharply Reduces Diabetes Progression (Wall Street Journal) |
| Streaming Leader: Netflix stock secures record close as company touts ad sales ahead of NFL, WWE debuts (Yahoo! Finance) |
What else is happening…
Twitter buyout was worst deal for banks since the financial crisis.
Retail: Target (TGT) rallies after topping earnings expectations.
Lowe’s (LOW) slips on guidance cut due to soft DIY demand.
EU plans to slash tariff on China-made Tesla (TSLA) cars to 9%.
Biden said to approve nuclear weapons strategy for Chinese threat.
Teucrium: Corn below $4/bushel a potential investment opportunity.
Warner Bros. to spend billions on Vegas studio… on one condition.
Fed’s Bowman remains wary of future rate cuts amid inflation risks.
NIO (NIO) unveils plan to expand charging stations across China.
Oppenheimer lists its top 32 stock picks for August-September.
