☀️📈 Today's Top Stock Market Headlines (August 16)

Good Morning!

Welcome to our 356 new readers. If you have questions, suggestions, or feedback, just respond to this email. I read them all.

This is Market Mornings. The fastest way to get the most important stock market news each day. Just the headlines, none of the other nonsense. Read by over 11,000 professional investors from firms like Goldman Sachs, Centerview, JPM, Qatalyst, and more!

💰 Featured News

Fitch warns of potential downgrade to multiple major US banks, triggering drop in US bank stocks - CNBC

July Retail Sales Surpass Estimates, Rise 0.7% - Zacks

VinFast successfully completes business combination and lists on Nasdaq - Reuters

Tesla introduces more affordable Model S and X options with reduced driving ranges in the US - NY Post

Intel cancels $5.4 billion Tower Semiconductor acquisition deal amid regulatory approval failure. - CNBC

Home builder sentiment falls sharply amidst rising mortgage rates. - CNBC

Biden urges fair agreement in ongoing UAW negotiations with Detroit automakers to avoid strike and plant closures - CNBC

US stocks fall as strong retail sales data fails to lift sentiment - Yahoo Finance

Fisker to integrate Tesla Superchargers for EV charging - Business Wire

Disney accused of depriving movie financier TSG of millions in profits - CNBC

Amazon Pharmacy revolutionizes insulin access with $35 automated coupons - NY Post

U.S. Steel Takeover Talk Rattles Manufacturers - WSJ

🤝 Mergers and Acquisitions

ElectraMeccanica and Tevva Announce Merger to Create Global Leader in Zero-Emission Commercial Vehicles - TechCrunch

Buffett-Backed Occidental Petroleum to Buy Carbon Capture Startup - Bloomberg

Canada's Suncor continues talks to buy TotalEnergies' Fort Hills oil sands stake - Reuters

Apollo Poised to Loan $4B to Struggling Buyout Firms - Bloomberg

Silicon Motion Terminates Merger Agreement with MaxLinear and Intends to Pursue Substantial Damages in Excess of the Agreement's Termination Fee Due to MaxLinear's Willful and Material Breaches of the Merger Agreement - GlobeNewsWire

Prairie Operating Co. Executes Option to Acquire Remaining Exok, Inc. Assets - GlobeNewsWire

💼 Executives

Esmark CEO: Cleveland-Cliffs is offering stock for U.S. Steel because they don't have cash, we do - CNBC

PayPal succession: Biggest challenges facing new CEO Alex Chriss - Yahoo Finance

Goldman CEO's Loyal Deputy Is Tested by Mutinous Partners - Bloomberg

Marcus & Millichap CEO on the state of commercial real estate demand - CNBC

Sunrun CEO: Inflation Reduction Act helped accelerate the customer lead solar adoption revolution - CNBC

Navitas Semiconductor CEO: We are on a great track towards profitability - CNBC

DLocal nabs MercadoLibre veteran as co-CEO, stock surges - Market Watch

Silvergate announces departures of CEO, CFO, legal chief - Market Watch

Lyft CEO buys up over $1 million in stock, calling it ‘the best investment I could make' - Market Watch

Discover's CEO exit has Wall Street worried about whether another shoe will drop - Market Watch

📈 Earnings

Cava Group's Q2 Earnings Beat Expectations, Stock Jumps - CNBC

Avicanna 2Q revenue boosted by Medical Cannabis by Shoppers Drug Mart acquisition - Proactive Investors

China's Tencent misses expectations despite fastest profit rise since late 2021 - CNBC

Home Depot Q2 earnings key takeaways - Yahoo Finance

TJX Stock Rises on Earnings Beat and Raised Guidance - Barrons

JD.com Posts Earnings Beat. But the Stock Can't Shake the China Gloom - Barrons

Cardinal Health Beats on Earnings, Raises Guidance on Strong Pharmaceutical Sales - Barrons

Beam Crushes Earnings and the Stock Falls. Investors Don't Like EV Charging Now. - Barrons

H&R Block's stock pops as earnings, forecast beat Street - Market Watch

Paysafe stock rises in premarket after quarterly results beat analyst estimates - Market Watch

🇺🇸 North America

Sage Steele departs ESPN following lawsuit settlement - CNBC

Hawaiian Electric's stock plunges again after S&P downgrades its credit rating - CNN

Regional banks slide after Fed's Kashkari advocates 'significantly further' capital regulation - CNBC

Wheels Up offers 95% of its stock to lenders for $500 million lifeline - Fox Business

DeSantis calls on Disney to drop lawsuit against him, warns company is ‘going to lose' - NY Post

Nvidia price target raised by analysts ahead of earnings - Yahoo Finance

Coinbase Gets Approval to Tap Crypto's Most Popular Market - Barrons

Poseidon Dynamic Cannabis ETF to close as investors lose interest in marijuana industry - CNBC

Berkshire buys stake in D.R. Horton, Lennar, Arena signs letter of intent with Simplify Inventions - Yahoo Finance

🇬🇧🇨🇳🇲🇽🇿🇦 International

Russian court bans UBS, Credit Suisse from subsidiary disposals - Reuters

JPMorgan hikes EM default forecast as Country Garden drives China contagion fears - CNBC

China Evergrande to delay creditors' meetings amid fresh restructuring plan - Reuters

Hyundai Motor's unit to buy General Motors' India plant - Reuters

Aston Martin share price rating upgrade with a 45% upside - Invezz

Ray Dalio's Firm Loads Up on Spotify - GuruFocus

Tencent Music sees its subscriber base jump 20% to almost 100m - ProactiveInvestors

Harmony Gold commissions solar photovoltaic plants for its mines in South Africa, reduces carbon footprint - Kitco

Brazil's Petrobras hikes fuel prices after 'abrupt' global spike - Reuters

DLocal nabs MercadoLibre veteran as co-CEO, stock surges - Market Watch