|  | *past 24-hour performance |
| Upcoming Week: | Wednesday: We’ll get the latest inflation readings starting with the Consumer Price Index (CPI). The CPI is projected to have risen 0.4% last month, which would mark the fastest monthly increase since January. Thursday: The Bureau of Labor Statistics (BLS) will issue the Producer Price Index (PPI), tracking inflation from the standpoint of manufacturers and wholesalers. Producer prices likely rose 0.4% last month, accelerating from July’s 0.3% rate.
| Earnings Calendar | Monday: Oracle (ORCL), Casey’s General Stores (CASY), & Bowlero (BOWL) Tuesday: Evolution Petroleum (EPM) Wednesday: Burford Capital (BUR), Cracker Barrel Old (CBRL), & Semtech (SMTC) Thursday: Adobe (ADBE) & Copart (CPRT)
| | India-Middle East-Europe economic corridor: G20 leaders announced a major international infrastructure project to connect India, the Middle East and Europe with railways, shipping lines, high-speed data cables and energy pipelines (Axios)
Apple sheds $200B: Apple (AAPL) has lost approximately $200B in market value over two days following reports that China is expanding its ban on iPhone usage to government-backed agencies and companies (CNN)
Hollywood strike impacts: Shares of Hudson Pacific Properties (HPP) tumbled nearly 19% after the company said it had suspended its quarterly dividend, due to the impact of the ongoing Hollywood strike (Yahoo)
737 Max deal: Vietnam Airlines JSC will sign an initial agreement to buy about 50 Boeing (BA) 737 Max jets in a deal valued at $10 billion, according to people familiar with the matter (Bloomberg)
Spotify to take on Audible: Spotify (SPOT) will offer subscribers a free audiobook trial for a limited time as part of its efforts to break into the market (Gizmodo)
Meta wants to beat OpenAI: Meta Platforms (META) is working on a new artificial-intelligence system intended to be as powerful as the most advanced model offered by OpenAI (WSJ)
Instacart’s much-diminished valuation: The grocery delivery company Instacart (CART) is aiming to go public at a valuation between just $8.6-$9.3 billion; reflecting a striking departure from what Instacart was worth in the past (CNBC)
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| | How to choose between an HSA and an FSA: Paying for healthcare is expensive, even with insurance. Fortunately, the tax code gives you two separate ways to save on everything from copayments to contact lenses: FSAs and HSAs. But there are key differences. Read more»
25% of the S&P 500 are 'dead money' stocks you likely own: 5 years is a long time to wait to make no money on a stock. But that's been the case for a surprisingly large part of the S&P 500 — explaining why so many investors are fed up and willing to dump stocks for 5% CDs. Read more » |
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| | What OpenAI really wants (Wired) Drama surrounds LiveOne’s spinoff of PodcastOne (Thunderclap) The race to drill America’s longest oil and gas wells (WSJ) Ray Dalio tries to silence tell-all that pierces veil of ‘benevolent business titan’ (NYP) Extreme heat is forcing America’s farmers to go nocturnal (Washington Post)
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