3M
Wall Street tumbles as yields jump; Verizon slides
U.S. stock indexes sagged on Tuesday as rising Treasury yields impacted rate-sensitive sectors, while investors evaluated earnings to assess the health of American companies.
737 MAX
Boeing halts talks, withdraws pay offer to union as strike drags on
Talks between Boeing and its key manufacturing union broke down, and no negotiations are currently planned as the financially damaging strike heads into a fourth week.
Daily Feed
The Scoop 9/25/24
Floridians brace for Hurricane Helene; and Nancy Pelosi’s husband makes yet another very opportune and lucrative stock trade. One America’s Zach Petersen has The Scoop.
Japan
World Markets Worry As U.S. Recession Concerns Grow
Japan’s stock index plunged more than 12% at the start of the week and European markets started low, signaling a grim warning for many experts.
AI
Nvidia short sellers make $5 billion from three-day selloff, data shows
Nvidia short sellers have raked in nearly $5 billion in paper profits from the AI chip designer’s sharp selloff over the past three sessions.
$160
Apple hits seven-week low after Barclays downgrade
Apple fell nearly 3% to a seven-week low after Barclays downgraded the shares on concerns demand for its devices will remain weak in 2024.
Alex Chriss
PayPal stock surges as pledge to turn “leaner” keeps crypto concerns at bay
PayPal added nearly $4 billion to its market value after a pledge to turn “leaner” fired up investors.
AI
Amazon rallies on cloud optimism as it chases Microsoft for AI business
Amazon.com rose 7% on Friday as it aims for a larger share of the booming artificial intelligence market in a race with Microsoft.
Alex Spiro
Elon Musk’s Twitter stock purchases under probe by SEC
Billionaire Elon Musk is under investigation by the U.S. Securities and Exchange Commission over his 2022 purchase of social media giant Twitter
Attorney General
Seven attorneys general sign letter blasting Target
Seven Republican Attorneys General wrote a letter aimed at Target, warning the company that their Pride collection contained clothing that may violate child-protection laws.