⚖️ Despite the U.S losing its perfect credit rating from Moody’s, equities rebounded after suffering losses in early market hours, with the S&P 500 up 0.09% at closing.
🚗 GM pushes back on California’s aggressive EV mandate, arguing for a slower transition despite hefty investments in electric vehicle innovation.
🛒 Walmart is hiking prices on everything from bananas to basics, blaming it on tariff pressure.
✈️ Boeing is finally getting some good publicity with a $96B Qatar deal and a lift from China.
💰 The White House announced a $600 billion investment in the US from the Saudi government.
🦍 Markets went absolutely apesh*t after the U.S. and China agreed to a 90-day pause and made progress on a new deal,
🥚 Cal-Maine cracks record profits as egg prices soar 90% amid fresh Avian Flu outbreak and DOJ scrutiny over industry pricing.
🚢 The U.S. and U.K. strike a tariff-trimming trade agreement, boosting key industries and transatlantic cooperation.
🤔 Powell unsurprisingly kept interest interest unchanged but warned of stagnation risks.
📟 AMD beat earnings but warned of a $700 million hit due to tariffs, signaling what’s to come for the chip industry.
👟 Skechers is going private after a $9 billion takeover bid from PE firm 3G Capital.
⛱️ Warren Buffett announced he will step down as Berkshire Hathaway CEO at year-end, naming Greg Abel as his successor.
