1. CPI Data Expected to Show Cooling Inflation
The August Consumer Price Index (CPI) report is due, with economists forecasting a 2.6% year-over-year rise, down from July's 2.9%. This cooling inflation could pave the way for the Federal Reserve to cut rates during its upcoming meeting.
2. Trump Media Stock Drops After Harris Debate
Trump Media & Technology Group, operator of Truth Social, saw its stock fall 15% in premarket trading following a debate between Donald Trump and Vice President Kamala Harris, where they sparred on key economic issues.
3. Amazon to Invest $10.5B in the UK
Amazon (AMZN) announced a plan to invest £8 billion ($10.5 billion) in UK data centers over the next five years, focusing on cloud and AI infrastructure through Amazon Web Services (AWS). The investment is expected to significantly contribute to the UK economy and create jobs.
4. GameStop Stock Tumbles on Weak Sales
GameStop (GME) shares fell 9% in premarket trading after reporting a larger-than-expected decline in quarterly sales, despite swinging to a surprise profit. The stock had previously gained over 30% this year due to social media activity from influencers.
5. JPMorgan Faces Decline After Biggest One-Day Drop Since 2020
JPMorgan Chase (JPM) shares dropped 5% on Tuesday, their biggest single-day decline since June 2020, as its president cautioned that Wall Street's expectations for 2025 were too optimistic. The stock is still up 20% this year due to high lending rates.
The August Consumer Price Index (CPI) report is due, with economists forecasting a 2.6% year-over-year rise, down from July's 2.9%. This cooling inflation could pave the way for the Federal Reserve to cut rates during its upcoming meeting.
2. Trump Media Stock Drops After Harris Debate
Trump Media & Technology Group, operator of Truth Social, saw its stock fall 15% in premarket trading following a debate between Donald Trump and Vice President Kamala Harris, where they sparred on key economic issues.
3. Amazon to Invest $10.5B in the UK
Amazon (AMZN) announced a plan to invest £8 billion ($10.5 billion) in UK data centers over the next five years, focusing on cloud and AI infrastructure through Amazon Web Services (AWS). The investment is expected to significantly contribute to the UK economy and create jobs.
4. GameStop Stock Tumbles on Weak Sales
GameStop (GME) shares fell 9% in premarket trading after reporting a larger-than-expected decline in quarterly sales, despite swinging to a surprise profit. The stock had previously gained over 30% this year due to social media activity from influencers.
5. JPMorgan Faces Decline After Biggest One-Day Drop Since 2020
JPMorgan Chase (JPM) shares dropped 5% on Tuesday, their biggest single-day decline since June 2020, as its president cautioned that Wall Street's expectations for 2025 were too optimistic. The stock is still up 20% this year due to high lending rates.