In the past week:
- The consumer price index fell to a multiyear low. Retail sales have surged. OPEC cut its oil demand growth forecast, and oil prices edged lower.
- Home Depot topped earnings expectations but trimmed its guidance. Walmart beat estimates and raised its guidance. Cisco also exceeded expectations, but it announced layoffs.
- The Justice Department considered breaking up Google. Texas Instruments is to get $1.6 billion in federal funding.
- S&P and Moody’s downgraded JetBlue on its debt sale. Southwest Air faces a proxy fight. Disney ordered four new cruise ships. Tesla halted sales of its cheapest Cybertruck. GM cut jobs in China.
- An activist investor took a stake in Starbucks. Chipotle’s CEO moved over to Starbucks. M&Ms maker Mars said it would acquire Pop-Tarts maker Kellanova.
- Berkshire Hathaway cut stakes in Capital One, Chevron, and Snowflake, and it invested in Ulta Beauty. Scotiabank took a big stake in Keybank’s parent. Netflix and Disney hiked streaming prices.
- Real estate commissions changes took effect. Mortgage refinancing surged.
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