☀️📈 Today's top stock market headlines (August 18)

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💰 Featured News

VinFast's Market Debut Dampened by Declining Value and Caution from US Car Dealers - CNN

Blue Shield of California drops CVS Caremark as pharmacy benefit manager, CVS stock falls. - CNBC

Mortgage Rates Hit 7.09%, Highest in More Than 20 Years - WSJ

China Evergrande's bankruptcy filing indicates growing crisis for the sector - CNN

BofA’s warning of a ‘5% world’ sinks in with yields pushing higher - Bloomberg

Updated COVID Vaccines Effective Against Eris Variant: Pfizer and Moderna Study - CNBC

A Rare Look Into the Finances of Elon Musk’s Secretive SpaceX - WSJ

T. Rowe seeks shelter in shorts bonds to weather global debt turmoil - Bloomberg

🤝 Mergers and Acquisitions

UK defense contractor BAE buying Ball's aerospace division for $5.6 billion - CNBC

Aluminum-Can Maker Ball Sees Stock Soar on Deal to Sell Space Business - Barrons

Tilray Brands takes full ownership of cannabis drinks maker Truss Beverage - Reuters

India’s JSW Weighs Majority Stake in Teck Coal Unit - Bloomberg

Paramount Drops Plans to Sell BET Stake - WSJ

Bankrupt Trucker Yellow Gets $1.3 Billion Bid From Rival Estes - Bloomberg

💼 Executives

Cisco is getting 'early wins' in AI, says CEO Chuck Robbins - Yahoo Finance

Demand for semiconductors is 'unprecedented': Synopsys COO - Yahoo Finance

The housing market is at 'rock bottom,' says Redfin's CEO, as high rates and prices take their toll - Business Insider

Walmart CFO John: Our value proposition is resonating with customers as we take market share - CNBC

Shift4 Payments CEO talks pressure on the payments sector and consumer resilience - CNBC

📈 Earnings

Adyen shares plummet as revenue growth slows and costs rise. - CNBC

Wolfspeed's stock plummets on disappointing financial results and forecast - Motley Fool

Applied Materials reports strong earnings and outlook, stock rises while Farfetch disappoints. - Investors Business Daily

Walmart raises outlook as food, online sales boom - Fox Business

Lumentum Stock Falls on Weak Guidance - Barrons

Estee Lauder's stock falls after earnings beat is offset by soft guidance - Market Watch

Deere & Co. stock rises as profit and guidance beat forecasts - Market Watch

Bill Holdings' stock slumps as mixed forecast overshadows earnings beat - Market Watch

🇺🇸 USA

House Republicans subpoena Citibank over info shared with FBI after Jan. 6 - CNBC

Sea pivoted to growth over profits as it faced rising competition from TikTok, Lazada, analysts say - CNBC

Looming auto workers strike could cost $5 billion in just 10 days, new analysis says - CNBC

Hawaiian Electric stock plummets as lawsuits mount and talk of restructuring grows - CNN

Outback Steakhouse Owner Draws Activist Investor - WSJ

Global smartphone market to hit decade low in 2023 but Apple could take top spot, research shows - CNBC

🇬🇧🇨🇳🇲🇽🇿🇦 International

Bud Light wins back 15% of boycotting drinkers following Dylan Mulvaney fiasco, survey claims - NY Post

China's property troubles aren't getting better, intensifying calls for bolder policy help - CNBC

Chinese Tech Stocks Tumble as Beijing Defends Yuan - Barrons

Colombia's Grupo Aval cuts 2023 loan forecast after 'exorbitant costs' - Reuters

Shell, Pemex face fines for Texas chemical plant fire in May - Reuters

Ferrari upgraded as analysts dub carmaker a ‘safe haven' - Proactive Investors

Hydrogen Utopia shares rise as funding report dismissed - Proactive Investors