Stock Market News |
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| Apollo eyes $5 billion investment in Intel, Bloomberg News reports – Reuters | |
| Minneapolis Fed President Kashkari sees a slower pace of rate cuts ahead – CNBC | |
| Biohaven’s genetic disease drug meets main trial goal – Reuters | |
| Luxury stocks slip as fears grow of a prolonged downturn – CNBC | |
| Tempur Sealy to divest more than 100 stores in bid to close $4 bln Mattress Firm deal – Reuters | |
| Southwest Airlines tells staff ‘difficult decisions’ ahead in push to boost profits – CNBC | |
| GM’s EV sales momentum is finally building as new vehicle lineup fills out – CNBC | |
| Luminar Technologies reduces workforce by 30% this year – Reuters | |
| Exclusive: Meta’s AI chatbot to start speaking in the voices of Judi Dench, John Cena, others, source says – Reuters |
Notables |
| Notable Earnings Today: AutoZone (NYSE: AZO), KB Home (NYSE: KBH), Thor Industries (NYSE: THO), Progress Software (Nasdaq: PRGS), Stitch Fix (Nasdaq: SFIX), Worthington Enterprises (NYSE: WOR). |
| Notable IPOs Today: THOR Financial Technologies Trust (NYSE: THIR). |
| Notable Equity Crowdfunding Campaigns Ending Today: Breadbelly (SMBX). |
| Notable Economic Events Today: S&P Case-Shiller HPI Composite (9:00 a.m. ET), CB Consumer Confidence (10:00 a.m. ET), API Weekly Crude Oil Stock (4:30 p.m. ET). |
Trends to Watch |
| Solana’s Potential Weakness: Solana TVL declines, but will SOL price react negatively? (Cointelegraph) |
| A Little Overcharged: Hawaiian Electric Industries Shares Fall After Public Offering News (MarketWatch) |
| Boeing’s Latest Headache: Boeing raises its offer to the Machinists to try to end the strike (The Seattle Times) |
| Optimism: Tesla Stock Pops 5% To 2-Month High As Q3 Deliveries, Robotaxi Event Await (Forbes) |
| Easy Times: Bitcoin Could Surge Thanks to Looser Financial Conditions (CoinDesk) |
Ethereum Continues September Push |
| The price of Ethereum jumped about 4% on Monday, continuing its price surge amid a positive market sentiment for cryptocurrency. |
| Details: Cryptos are in better shape thanks to the U.S. Federal Reserve cutting interest rates. Investors are also anticipating an upcoming upgrade for Ethereum. |
| Final Thoughts: Ethereum is up 17.5% over the last 7 days, compared to Bitcoin’s 9.8% gain. |
