In the past week:
- Rising expectations for a Federal Reserve rate cut had an impact on Treasury yields. Oil prices soared on increasing Middle East tensions.
- Consumer confidence rose in August despite pessimism about the job market. Clean energy jobs surged. Canada imposed tariffs on Chinese EVs.
- Nvidia stock pulled back despite an earnings beat. Apple and Nvidia eyed investing in OpenAI. Apple announced a CFO transition and cut 100 jobs in its Services division.
- IBM shut down operations in China. Crowdstrike and Salesforce beat earnings estimates. Yelp sued Google. Intel considered strategic options. The California legislature moved to regulate AI.
- Warren Buffett continued to unload Bank of America shares. Berkshire Hathaway’s market cap topped $1 trillion.
- Abercrombie & Fitch boosted its sales forecast. Best Buy boosted its profit outlook. Gap beat profit and sales expectations.
- Walmart recalled apple juice tainted with arsenic. Eli Lilly cut weight loss drug prices.
Check out this discussion of the challenges facing smaller electric vehicle (EV) companies like Rivian Automotive Inc. (NASDAQ: RIVN) and Lucid Group Inc. (NASDAQ: LCID). Are they doomed?
See why Pfizer Inc. (NYSE: PFE) and Verizon Communications Inc. (NYSE: VZ) are among the blue-chip dividend giants that every passive income investor should own as interest rates fall over the next two years.
Discover which two ultra-high-yield dividend stocks offer monthly payouts that could cover your rent every month. One of them has declared 650 consecutive monthly dividend payments.
Apple founder Steve Jobs had a few thoughts on having passion, teamwork, what is most important, and more that Gen Xers could find particularly inspiring for their personal and professional life goals.
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And get a complimentary copy of our “The Next Nvidia” report, which includes three top stock picks poised to take off from the next breakthroughs in artificial intelligence.
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