| *past 24-hour performance |
| Upcoming Week: | Tuesday: The Case Shiller Home Price Index will be released for August. Last month, this 20-city home price index fell by 1.2% from last year, marking the fourth consecutive month of declining home prices.
Thursday: Investors will see the release of the quarterly GDP growth rate. Fed Chair Jerome Powell will also hold a town hall-style event with educators.
Friday: Investor’s will get an update on the Personal Consumption Expenditures (PCE) Price Index, the Fed’s preferred inflation gauge. And to close the week, the release of both spending and income metrics for August will shine a light on the current state of the American consumer. | Notable Earnings: | Monday: Thor Industries Inc. (THO) Tuesday: Costco (COST), Cintas (CTAS), Ferguson PLC (FERG), and Neogen (NEOG) Wednesday: Micron Technology (MU), Paychex (PAYX), Jefferies Financial Group (JEF), Concentrix (CNXC), and H.B. Fuller Company (FUL) Thursday: Accenture PLC (ACN), Nike (NKE), Jabil (JBL), CarMax (KMX), Vail Resorts (MTN), and BlackBerry (BB) Friday: Carnival Corporation (CCL) | | Amazon enters the AI arena: Amazon (AMZN) has agreed to invest up to $4 billion in AIcompany Anthropic, the latest big startup investment by tech giants jockeying for an edge in the AI arms race (WSJ) Congress remains divided: Lawmakers this weekend showed few signs of movement on a budget resolution that would keep the U.S. government funded for the remainder of the fiscal year, and the clock is ticking (CNBC)
Poultry probe: The Labor Department said it is investigating plants operated by poultry giants Perdue Farms and Tyson Foods (TSN) following a report that some of the companies’ contractors employed migrant children to clean meat-processing plants (WSJ)
Powering forward: The Energy Department announced Friday a $325 million investment in new battery types that can help turn solar and wind energy into 24-hour power (AP)
Big mac, bigger fees: Starting Jan. 1, McDonald's (MCD) franchisees adding new restaurants will face a royalty fee increase from 4% to 5%, the first hike in nearly three decades (CNBC)
Prime ads incoming: Amazon (AMZN) said it plans to start running ads in shows and movies on Prime Video, the latest streaming service to turn to advertising amid mounting losses in the sector (WSJ)
Walmart's furry venture: Walmart (WMT) is opening its first pet services facility in Dallas, Georgia, offering veterinarian care and grooming services as it looks to increase its footprint in the expanding pet business (CNBC)
Beijing pledges to help rebuild Syria: Chinese President Xi Jinping met with Syrian President Bashar Assad to announce a "strategic partnership," a move that comes as China broadens its Middle Eastern influence, underscored by its mediation of a deal in March to restore diplomatic ties between Saudi Arabia and Iran (DW)
Strike pause: The Writers Guild of America (WGA) announced that it had reached a "tentative agreement" with the major Hollywood studios that would bring an end to the 146-day-strike (Axios) | | | | | Must-See Footage of Elon Musk’s New AI Project | While the mainstream media was calling Elon Musk a fraud… And banks were predicting Tesla shares would collapse… Shares took off like a rocket, jumping as high as 2,445%. | Now, it’s too late to buy Tesla. But here’s the good news…Elon Musk just announced this new AI venture… | And I believe this could be bigger than Tesla, SpaceX, and PayPal. Watch now » | SPONSOR |
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| | A turnaround for Victoria’s Secret?: Since its IPO in July 2021, the stock of Victoria's Secret has lost 78% of its value. It's an extraordinary drop for a company that has a 25% market share for lingerie. But, market share didn't protect it from public scandals and corporate missteps. Tomorrow, Victoria's Secret Fashion Show will return. Is now the right time to follow this company more closely? Read more » | The Black Swan event about to spike uranium – again: Twice in the past fifty years, the price of uranium has shot up 600%. Both were due to a “black swan” event. Another such event is taking place right now. And it’s likely to have a similar effect on the price of uranium. Read more » | Renting vs. buying: when you shouldn’t buy a house: These numbers tell us it’s 165% more expensive to buy than to rent in San Jose. In San Francisco it’s nearly 140% more expensive to buy than rent. Read more » |
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| | | Blockchain Capital raises $580 million (CoinSnacks) The man who figured out how to turn Americans’ private information into a business (NYT) The bizarre new frontier for cell-cultivated meat: Lion burgers, tiger steaks, and mammoth meatballs (Vox) 175,000 people are employed by Mexico’s drug cartels, making them collectively the fifth-largest employer in the country (LA Times) Russia accuses West of 'De Facto' fighting in Ukraine (Moscow Times) |
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| | | | | The world is changing… is your investment strategy? | This time-sensitive guide reveals exactly how precious metals may protect your retirement savings (with no tax implications) from: | Big banks using your money to bail themselves out... Surging national debt... Weakening USD… Stock market downturns... | Get your guide here » | SPONSOR |
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