Market News

Uber <> Cruise

Uber <> Cruise

Markets eagerly await Powell’s rate cut hints, Uber partners with Cruise to offer driverless rides, Peloton shares soar 35%, Ford steps back from EVs, and next big test looming with Nvidia’s profit report...

Market Briefing
Market Briefing
Market darlings

Market darlings

US jobs growth far weaker than thought, Fed minutes show a September cut ‘likely’, analyst resets Nvidia stock price target before earnings, dollar doldrums deepen, and Chinese banks suddenly become market darlings...

Market Briefing
Market Briefing
FTC blocked

FTC blocked

FTC ban on worker noncompetes blocked by Federal judge, bond traders amassing historic level of risk on rate-cut bets, analysts reset AMD stock outlooks, BMW recalls over 720K vehicles, and Shein sues Temu over copyright infringement...

Market Briefing
Market Briefing
SEC fines Icahn

SEC fines Icahn

SEC fines Carl Icahn, AMD is going after Nvidia with a $5 billion acquisition, Harris proposes raising the corporate tax rate to 28%, Gold bars are worth a million dollars for the first time, and Trump says he would offer Elon Musk a Cabinet slot...

Market Briefing
Market Briefing
All eyes on Fed

All eyes on Fed

All eyes on the Fed at Jackson Hole, Kamala Harris adopts populist economic agenda, Goldman cuts US recession risk, US ports absorb import surge nearing pandemic-era frenzy, and Florida man spends his GameStop riches to build $132M JetBlue stake...

Market Briefing
Market Briefing
Quants about to unleash

Quants about to unleash

Quants poised to unleash a wave of cash in stock market, surprise jump in retail sales quells recession fears, Newsom calls for new oil refinery mandate, TikTok ‘finfluencers’ accurately called the AI rally, and Las Vegas casino accused of hosting criminals...

Market Briefing
Market Briefing
Stage set for rate cuts

Stage set for rate cuts

CPI ‘checks the box’ for Fed cuts, here’s the inflation breakdown for July, two alarming signs of recessions emerge, Berkshire discloses surprise stake in Ulta Beauty, and WeRide gets approval to carry passengers in California…

Market Briefing
Market Briefing
Starbucks snags Chipotle CEO

Starbucks snags Chipotle CEO

DOJ mulls Google breakup push, Starbucks orders a new CEO at Chipotle, US producer inflation slows, today’s CPI expected to hold steady, and UAW accuses Trump, Musk of trying to intimidate workers...

Market Briefing
Market Briefing
Musk pitches new role

Musk pitches new role

Wall St mixed ahead of economic data, Trump calls for presidential influence on Fed policy, Musk pitches role for himself in Trump White House, GM cuts jobs in China, and S&P and Moody's downgrade JetBlue …

Market Briefing
Market Briefing
Traders bet on wild swings

Traders bet on wild swings

CPI report set to test the market, carry-trade blowup haunts markets, bonds are back as a hedge, investors snap up money market funds, and CrowdStrike accepts award for ‘most epic fail’…

Market Briefing
Market Briefing
Rebound

Rebound

Wall Street rallies to its best day since 2022, jobless claims decline by most in a year, Paramount to lay off 15% of staff, BlackRock plans new ETFs, and Cathie Wood buys $28 million of battered tech stock…

Market Briefing
Market Briefing
Unwinding carry trade

Unwinding carry trade

Intel sued by shareholders alleging securities fraud, JPMorgan says three quarters of global carry trade unwound, Warner Bros. Discovery takes massive $11.2B in write-downs, Disney flags startling shift in consumer behavior, and Dimon still sees a recession on the horizon…

Market Briefing
Market Briefing
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