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July 12, 2024
<p>Tesla's stock fell 8% due to a delay in unveiling its "robotaxi," while Paramount plans a merger with Skydance Media amid a 20% stock decline and hopes for future film successes. New York City introduces wheeled garbage bins after a $1.6 million contract with McKinsey, aiming to replace traditional sidewalk trash mounts. Etsy shifts focus to "keep commerce human," mandating products to be made, designed, handpicked, or sourced by sellers amid increasing AI influence. Meanwhile, coffee bean prices hit a two-year high due to supply chain issues and rising global demand, signaling potential price hikes into 2025.</p> <p><br><strong>Sources:</strong></p> <p>Tesla stock falls (<a href="https://www.axios.com/2024/07/11/tesla-robotaxi-event-autonomous">Axios</a>)</p> <p>Paramount stock plummets (<a href="https://www.morningbrew.com/brew-markets/stories/2024/07/08/paramount-deal-skydance-streaming-content-king">MB</a>, <a href="https://apnews.com/article/paramount-skydance-redstone-entertainment-merger-8ba177aebe4ec6c3152e5b8ef82a72e0">AP</a>)</p> <p>New NY trash cans (<a href="https://www.businessinsider.com/new-york-hired-mckinsey-to-assess-the-citys-waste-needs-2024-7?amp">BI</a>)</p> <p>Etsy “human made” campaign (<a href="https://www.cnbc.com/2024/07/09/etsy-escaping-race-to-the-bottom-and-getting-back-to-artisan-roots.html">CNBC</a>)</p> <p>Coffee getting more expensive (<a href="https://www.morningbrew.com/brew-markets/stories/2024/07/10/coffee-commodities">MB</a>, <a href="https://www.businesstimes.com.sg/companies-markets/energy-commodities/arabica-coffee-eases-near-two-year-high-roasters-flag-prices">BT</a>)</p>
July 10, 2024
<p>Chipotle's CFO Jack Hartung announced his retirement, effective March 2025. Ford reported a 1% sales increase in Q2, driven by a 5% rise in truck sales, contrasting with GM's 0.6% rise. Federal Reserve Chair Jerome Powell addressed inflation and job market progress before Congress. S&P 500 closed at a record high, while Dow Jones futures fell 3%.</p> <p><br><strong>Bulletin brief</strong></p> <p>Chipotle Mexican Grill’s CFO Hartung to retire next year (<a href="https://www.reuters.com/business/retail-consumer/chipotle-mexican-grills-cfo-hartung-retire-2024-07-09/">Reuters</a>)</p> <p>Ford sales edge 1% higher in the second quarter, led by trucks (<a href="https://www.cnbc.com/2024/07/03/ford-sales-q2-2024.html">CNBC</a>)</p> <p>Key takeaways from Fed Chair Powell’s testimony on Capitol Hill (<a href="https://www.cnn.com/2024/07/09/business/fed-chair-powell-talks-up-progress-on-inflation-but-says-rate-cuts-not-imminent-yet/index.html">CNN</a>)</p> <p>Stock futures are little changed after S&P 500 notches another record close (<a href="https://www.cnbc.com/2024/07/09/stock-market-today-live-updates.html">CNBC</a>)</p>
July 3, 2024
<p>Nike's shares plunged 20% after predicting a 10% sales decline due to weak consumer trends and slow China sales. Meanwhile, Nvidia's stock surged 149% amid the AI boom, but Federal Reserve interest-rate cuts are delayed amid market growth. The FTC blocked Tempur Sealy's $4 billion acquisition of Mattress Firm due to competition concerns. The Biden administration proposed heat protection rules for 36 million workers, while Disney and Pixar's "Inside Out 2" became the fastest animated film to reach $1 billion at the global box office, aiding Pixar's recovery post-pandemic.</p> <p><br><br></p> <p>Nike shares drop (<a href="https://www.cnbc.com/2024/06/27/nike-nke-earnings-q4-2024.html">CNBC</a>)</p> <p>Halftime report (<a href="https://www.wsj.com/finance/stocks/ai-frenzy-propels-stocks-to-monster-first-half-620229cc">WSJ</a>)</p> <p>FTC unanimously moves to block $4 billion merger of mattress giants (<a href="https://www.cnn.com/2024/07/02/business/ftc-sealy-mattress-firm-merger/index.html">CNN</a>)</p> <p>U.S. workplace safety agency proposes protections from extreme heat (<a href="https://www.reuters.com/world/us/us-workplace-safety-agency-proposes-protections-extreme-heat-2024-07-02/">Reuters</a>)</p> <p>“Inside Out 2” tops $1 billion at the global box office (<a href="https://www.cnbc.com/2024/06/30/inside-out-2-tops-1-billion-at-global-box-office-first-since-barbie.html">CNBC</a>)</p>
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