☀️📈 Consumer spending warning signs

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💰 Featured News

Dick’s Sporting Goods, Macy’s Flash Warning Signs on U.S. Consumer Spending - WSJ

Retail CEOs Signal Rising Alarm as Theft Eats Away Billions in Sales - Bloomberg

US existing-home sales slide on higher rates, lean inventory - Bloomberg

UPS workers approve new labor deal, strike threat averted - CNBC

Nike stock suffers record rout on China concern, inventory woes - Bloomberg

Outback Steakhouse owner’s stock rises after activist Starboard Value buys stake - CNBC

BRICS divisions re-emerge ahead of critical expansion debate - Reuters

🤝 Mergers and Acquisitions

IBM sells weather business to Francisco Partners, focusing on cloud and AI. - CNBC

Coinbase takes stake in stablecoin firm Circle, shuts down joint venture as it sees 'regulatory clarity' - CNBC

J&J spinoff Kenvue becomes fully independent and joins S&P 500 - Invezz

Ubisoft shares pop 9% on revised Microsoft-Activision deal - CNBC

Qualcomm target of FTC over deal to acquire auto-safety chip maker: report - Market Watch

Solstice acquires two new lithium projects in Ontario's Frazer Lake area - Proactive Investors

Sidus Space (SIDU) Stock Skyrockets on AI Acquisition News - InvestorPlace

Parsons Acquires Sealing Technologies, Inc. - Globe News Wire

Dycom Announces Acquisition of Bigham Cable Construction, Inc. - Globe News Wire

💼 Executives

Macy's CEO Sees Headwinds Growing for Retailer - CNBC

Dick's CEO blames 'alarming' retail theft for a surprising profit drop: 'It's a problem for our entire country' - Business Insider

Advance Auto Parts stock up as it launches strategic review and names new chief executive - Market Watch

Macy's CEO on earnings: Did see some shortfalls from credit income - CNBC

Medtronic CEO: Our biggest driver is our diabetes business where we doubled growth - CNBC

3M names Bryan Hanson as CEO of its health care business - Reuters

📈 Earnings

Baidu Beats Expectations with Strong Q2 Earnings Growth - CNBC

URBN's Q2 sales surge, drives share price up - Proactive Investors

Foot Locker stock plummets as sales decline and guidance is cut. - CNBC

Kohl's Earnings Beat Estimates. It Maintains Guidance. - Barrons

Analog Devices stock slides as earnings fall short and company says it faces ‘near-term turbulence.' - Market Watch

Abercrombie & Fitch's stock soars 16% after earnings trounce estimates and company raises guidance - Market Watch

Peloton's stock tanks as revenue outlook falls short, bike recall costs pile up - Market Watch

Santos posts 37% fall in first-half profit - Reuters

Lowe's Beats Earnings Estimates as Sales Fall Less Than Expected on Online Growth - Investopedia

🇺🇸 USA

Macy’s to open four more smaller stores, as strip mall experiment shows early signs of success - CNBC

Meta rolling out web version of Threads as rival X implements changes - NY Post

Altria Group sues Juul over e-vapor patent infracción - CNBC

AMC shares crater as investors brace for stock conversion - CNBC

Goldman Sachs cancels ‘Summer Fridays,' wants staff in office five days a week - NY Post

Gannett sued by ex-employees alleging diversity goals discriminated against white workers - NY Post

🇬🇧🇨🇳🇲🇽🇿🇦 International

Malaysia eyes more investments to enlarge EV footprint after landmark Tesla deal - CNBC

UBS Stock Rises as Outlook for Credit Suisse Deal Improves - WSJ

Covid Hospitalizations Jump. So Could Vaccine Demand. - Barrons

BYD, KG Mobility in talks on battery joint venture in South Korea -source - Reuters

Exclusive: Shell taps Goldman Sachs to explore Singapore refinery sale -sources - Reuters

Exclusive: China's Xiaomi wins state planner nod to make EVs amid glut in autos - Reuters

Stellantis in talks for potential EV tie-up in China - Bloomberg

Ecuador extends contract with America Movil during renewal talks - Ecuador