☀️📈 Banks get downgraded

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💰 Featured News

S&P downgrades multiple US banks on growing liquidity worries - Reuters

SoftBank's Arm poised for biggest IPO since 2021, testing AI hard sell - CNBC

Schwab to Cut Staff, Real Estate to Save $500 Millón a Year - Bloomberg

Mortgage rates hit their highest point since 2000 - CNBC

UBS ends Credit Suisse’s government and central bank protections - CNBC

Companies Are Cutting Pay for New Hires. - WSJ

China Ramps Up Fight With Yuan Bears to Stop Selloff Spiraling - Bloomberg

Market Digests $1 Trillion Jump in T-Bill Supply Without Hiccup - Bloomberg

Jeremy Grantham’s GMO Files for First ETF to Track Quality Stocks - Bloomberg

🤝 Mergers and Acquisitions

Microsoft submits revised takeover deal to UK regulator for Activision Blizzard acquisition. - CNBC

Permian Resources to acquire Earthstone Energy in a $4.5 billion all-stock deal, creating a premier Delaware Basin independent E&P - Reuters

Broadcom's $61 Billion Merger with VMware Receives Regulatory Clearance - Motley Fool

Goldman Sachs considers selling wealth business including investment advisory unit. - NY Post

Private Equity Firm Rises 47% Since Pulling Out Of Elon Musk's Twitter Buyout - Investors Business Daily

Apollo Funds Acquire Composite Advanced Technologies, Inc, a Leading Manufacturer of Transportation and Storage Solutions for Hydrogen and Compressed Natural Gas - GlobeNewsWire

Kaixin Auto Holdings Announces Completion of Morning Star Acquisition and Entry into New Energy Vehicles Manufacturing - GlobeNewsWire

💼 Executives

IBM CEO says AI will impact white-collar jobs first, but could help workers instead of displacing them - CNBC

BHP CEO: China Outlook Looks Uncertain - Bloomberg

Citi CEO Fraser Weighs Executive Reshuffle - Bloomberg

Companies need 2-3 year road maps to modernize and create an AI stack: Palo Alto Networks CEO - CNBC

The credit outlook has gotten a lot better, says OceanFirst Financial CEO - CNBC

Nuclear has to be a part of the transition to carbon-free economy: Southern Company CEO Chris Womack - CNBC

📈 Earnings

Zoom Stock Posts Strong Q2 Earnings, Ups Full-Year Guidance - CNBC

Lowe's reports strong earnings amidst market recovery - CNBC

Dick's Sporting Goods Reports Mixed Results and Outlook, Stock Plunges - CNBC

Palo Alto Networks shares rise more than 12% after earnings report - CNBC

China's Baidu reports 15% revenue growth, beating expectations - CNBC

Nordson stock drops 7% after company's revenue miss - Market Watch

BJ's Wholesale Club stock drops on 2Q sales miss - Proactive Investors

🇺🇸 USA

California Regulator Investigates GM's Cruise Robotaxis Amidst Crashes and Traffic Chaos. - NY Post

Regeneron's shares soar on FDA approvals and positive analyst outlook - CNBC

American Airlines pilots approve new contract with big pay raises - CNBC

UPS strike threat isn't over: Teamsters will announce today whether UPS workers approve a new contract - CNN

Novavax's updated COVID vaccine shows response against 'Eris' variant - Reuters

🇬🇧🇨🇳🇲🇽🇿🇦 International

Nikola's stock drops on convertible bond deal and truck recall concerns - Motley Fool

Xpeng stock soars on BofA upgrade and Volkswagen partnership - CNBC

Covid vaccine stocks jump as new variants emerge ahead of fall shot rollout - CNBC

How soaring demand for Ozempic and Wegovy is altering Denmark's economy - CNN

Shell Nigeria investigates possible Trans Niger oil pipeline leak - Reuters

Continental considering sale of ContiTech's car division - manager magazin - Reuters

Toyota halts production at Czech plant due to parts shortage - Reuters

Gorilla Technology shares surge on initiation of 5G security project for Taiwan law enforcement agency - Proactive Investors