Rate Rally: U.S. stock markets have been largely steady, with major indices rising on expectations of a Federal Reserve interest rate cut in September. Investors are closely watching Fed Chair Jerome Powell's upcoming comments at the Jackson Hole symposium.
September Rate Cut Expected: Minutes from the Fed's July meeting suggest a likely interest rate cut if economic conditions remain stable. The Labor Department reported that 818,000 fewer jobs were created in the past year than previously thought, reinforcing expectations for a rate cut.
Ford’s EV Scale-Back: Ford announced it will delay the production of an electric truck and scrap plans for a three-row electric SUV, focusing instead on hybrid models and commercial EVs. This decision will result in a $400 million noncash charge.
Paramount’s Merger Drama: Paramount Global extended the period to receive competing offers to its merger with Skydance by 15 days. This extension follows a revised $6 billion bid from media executive Edgar Bronfman Jr.
Peloton's Turnaround: Peloton's shares surged after it reported reduced losses and a slight increase in sales for the first time since 2021. The company plans to prioritize profitability over growth in the coming year, aligning with changes in consumer fitness trends.
September Rate Cut Expected: Minutes from the Fed's July meeting suggest a likely interest rate cut if economic conditions remain stable. The Labor Department reported that 818,000 fewer jobs were created in the past year than previously thought, reinforcing expectations for a rate cut.
Ford’s EV Scale-Back: Ford announced it will delay the production of an electric truck and scrap plans for a three-row electric SUV, focusing instead on hybrid models and commercial EVs. This decision will result in a $400 million noncash charge.
Paramount’s Merger Drama: Paramount Global extended the period to receive competing offers to its merger with Skydance by 15 days. This extension follows a revised $6 billion bid from media executive Edgar Bronfman Jr.
Peloton's Turnaround: Peloton's shares surged after it reported reduced losses and a slight increase in sales for the first time since 2021. The company plans to prioritize profitability over growth in the coming year, aligning with changes in consumer fitness trends.