S&P 500's Losing Streak: The S&P 500 fell 0.3% on Thursday, continuing its losing streak with three consecutive down sessions. The Dow Jones dropped 0.54%, while the Nasdaq Composite gained 0.25%.
Upcoming Jobs Report: Wall Street is anticipating August’s jobs report, expecting an increase of 161,000 nonfarm payrolls and a slight drop in the unemployment rate to 4.2%. Recent data suggests the labor market is cooling.
Red Lobster Exits Bankruptcy: Red Lobster’s restructuring plan has been approved, allowing it to exit Chapter 11 bankruptcy. The chain will be acquired by RL Investor Holdings, with former P.F. Chang’s CEO Damola Adamolekun set to lead.
Salesforce Acquires Own: Salesforce announced its acquisition of data management firm Own (formerly OwnBackup) for $1.9 billion, indicating a return to significant M&A activity for the company.
Fed Rate Cut Debate: There is debate over a potential large interest rate cut by the Federal Reserve. Some economists caution against a significant cut, while others support a 50 basis point reduction to return rates to neutral.
Upcoming Jobs Report: Wall Street is anticipating August’s jobs report, expecting an increase of 161,000 nonfarm payrolls and a slight drop in the unemployment rate to 4.2%. Recent data suggests the labor market is cooling.
Red Lobster Exits Bankruptcy: Red Lobster’s restructuring plan has been approved, allowing it to exit Chapter 11 bankruptcy. The chain will be acquired by RL Investor Holdings, with former P.F. Chang’s CEO Damola Adamolekun set to lead.
Salesforce Acquires Own: Salesforce announced its acquisition of data management firm Own (formerly OwnBackup) for $1.9 billion, indicating a return to significant M&A activity for the company.
Fed Rate Cut Debate: There is debate over a potential large interest rate cut by the Federal Reserve. Some economists caution against a significant cut, while others support a 50 basis point reduction to return rates to neutral.