- A stock market correction sparked fears of recession, and oil prices, Treasury yields, and Bitcoin dropped. The market bounced back later in the week after jobless claims declined.
- Warren Buffett cut his stake in Apple in half and bought Berkshire Hathaway shares.
- Google lost a big antitrust suit. Palantir partnered with Microsoft to sell AI to the government. Super Micro Computer announced a stock split. Dell announced layoffs. Elon Musk filed a lawsuit against X advertisers.
- EV maker Lucid got another $1.5 billion from a Saudi shareholder. EVs and hybrids now outsell gasoline-powered cars in China. SunPower filed for bankruptcy.
- U.S. credit card debt hit $1.14 trillion even though consumer borrowing slipped in June. Mortgage rates and gasoline prices dropped last week.
- Disney’s streaming unit turned its first profit. CVS Health cut its profit outlook. Eli Lilly beat estimates and raised its guidance.
AI-based search engines could threaten Google’s dominance in the search market. See which major platforms are likely to develop their own AI-powered search features, potentially challenging Alphabet Inc.’s (NASDAQ: GOOGL) market share.
Bullish oil and gas industry trends, a 25-year unbroken streak of dividend increases, and expanded capacity projects already underway are all points in Enterprise Products Partners L.P. (NYSE: EPD) stock’s favor. Is it the single best dividend stock under $35?
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