💼 Stage set for rate cuts

PLUS - Two alarming signs of recessions emerge -your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 August 15, 2024 | [Listen Online]( | [Read Online]( In partnership with First time here? [Sign up]([»]( Good morning. The Fast Five → CPI ‘[checks the box](’ for Fed cuts, here’s the [inflation breakdown]( for July, two [alarming signs]( of recessions emerge, Berkshire discloses [surprise stake]( in Ulta Beauty, and [WeRide]( gets approval to carry passengers in California… ⬇️ [Download your FREE Wealth Protection Kit (3 Guides)]( - from All American Assets Calendar: (all times ET) - Full calendar [here]( - Today: Initial jobless claims, 8:30 AM US retail sales, 8:30 AM Business inventories, 10:00 AM - Tomorrow: [none] Your 5-minute briefing for Thursday, August 15: BEFORE THE OPEN As of market close 8/14/2024. Pre-Market: US Investor % Bullish Sentiment: ↓40.54% for Wk of August 08 2024 Last week: 44.88%. Updates every Friday. Market Wrap: - Stock futures slightly up Wed. night, driven by easing inflation. - Easing inflation calms recession fears, boosting stocks after last week's sell-off. - Cisco +5% post-earnings; Ulta +13.5% on Buffett stake; Nike +3% on Ackman news. - CPI shows inflation at 2.9%, making case for Fed rate cut. - Retail sales data and Walmart earnings in focus today. - Dow +1.3%, S&P +2%, Nasdaq +2.7% this week. EARNINGS Here’s what we’re watching this week: - Today: Alibaba ([BABA](), Tapestry ([TPR]() - [Walmart (WMT)]( - earnings of $.64 per share (+14.3% YoY) on $168.5B revenue (+4.3% YoY) Full earnings calendar [here](. IN PARTNERSHIP WITH BETTERMENT Ease into investing Ease being the key word. With automated tool like portfolio rebalancing and dividend reinvestment, [Betterment]( makes investing easy for you, and a total grind for your money. [Get started]( HEADLINES [Stocks Rise as CPI ‘Checks The Box’ for Fed Cuts]( Core CPI rose 3.2% from July 2023, slowest in three years, bringing a degree of relief to markets still reeling after last week’s meltdown. [US Economy Alarm Bells as Two Signs of Recessions Emerge]( A cooling labor market is raising concerns that the U.S. economy might be heading toward a recession after all this year, instead of making the soft landing projected by most experts. - Here’s the inflation breakdown for July 2024 ([more]() - Wall St fear gauge in record retreat after last week's massive spike ([more]() - Dollar softens against euro as inflation data shows cooling ([more]() - Oil halts two-day drop as Iran tensions vie with stockpile build ([more]() - Hedge funds add Apple, reshuffle technology portfolio ([more]() - Berkshire discloses surprise stake in Ulta Beauty, Heico ([more]() - Bill Ackman's Pershing Square unveils new stake in Nike ([more]() - Apple pushes ahead with tabletop robot in search of new revenue ([more]() - Cisco cutting 7% of workforce ([more]() - Boeing plea deal should be accepted, US DOJ says ([more]() - Wall Street firms to pay over $470M to settle with regulators over texting ([more]() - Hollywood union strikes deal for advertisers to AI replicate actors' voices ([more]() - Chinese robotaxi startup WeRide gets approval to drive in CA ([more]() - Wizz Air launches $550 ‘all you can fly’ annual subscription pass ([more]() DEALFLOW M+A | Investments - Mars to acquire snack maker Kellanova in $36B deal ([more]() - Energy producer Maverick's owner explores sale valuing it at $3 billion ([more]() - Goldman agrees to sell Ireland’s largest shopping mall to SVP ([more]() - Ceto, a company providing data-driven insights for financial institutions, acquires VPCtech, known for its strategic expertise in banking practices ([more]() - Harvest Hosts, a membership program offering RVers access to 9,000+ RV camping locations, acquires Escapees RV Club, an organization providing resources to enhance the RV lifestyle ([more]() - GR0, a digital marketing agency, acquired DLVRD, an Amazon Marketplace agency ([more]() - Korbyt, an omnichannel workplace communications solutions company, acquired NFS Technology, a provider of meeting room booking and space management software ([more]() - Valsoft, a company specializing in the acquisition of vertical market software businesses, acquired Equinox Information Systems, Inc., fraud management and network monitoring software within the telecom industry ([more]() - Curvalux, a manufacturer of innovative, energy-efficient fixed wireless access broadband technologies, received a strategic investment from Pegasus Capital Advisors ([more]() - Eliyan, a semiconductor company, received a strategic investment from VentureTech Alliance ([more]() - Chartis, a healthcare advisory firm, entered into a definitive agreement to receive a majority investment from funds managed by Blackstone ([more]() - Range Media Partners, a diversified global talent representation & production firm, secured a minority investment from Verance Capital ([more]() VC - Moximed, a medical device company for people with knee osteoarthritis, closed a $61M Series D financing with an option to close an add’l $30M ([more]() - EliseAI, an AI platform for the housing industry, raised $75M in Series D funding ([more]() - Sahara AI, a provider of a decentralized blockchain platform built for open and equitable AI, raised $43M in funding ([more]() - Encord, an AI data development platform for advanced vision and multimodal teams, raised $30M in Series B funding ([more]() - Companion Protect, a pet health administration company, raised $20.25M in Series A extension ([more]() - Capitalize, a platform helping consumers and financial institutions digitally find/transfer retirement assets, raised $19M in Series B funding ([more]() - CruxOCM, a company specializing in co-pilot technology for control room operators, raised $17M in Series A funding ([more]() - Actuate, an innovator in computer vision technology for remote video guarding, raised $11.5M in funding ([more]() - Consensus, an AI-powered search engine for scientific research, raised $11.5M in Series A funding ([more]() - Spline, a collaborative 3D design platform, raised $10M in Series A funding ([more]() - VoyceMe, a manga and webtoon creator platform, raised an undisclosed amount, bringing the total capital to $10M ([more]() - definity, a data application observability & remediation platform for Spark data analytics, raised $4.5M in Seed funding ([more]() - Heatmap, a data analytics tool for e-commerce websites, raised $4M in Seed funding ([more]() - Reforged Labs, a video ad creation automation platform for games, raised $3.9M in seed funding ([more]() - GoWit, a retail media advertising platform, raised $1.3M in funding ([more]() - FuseBase, a comprehensive AI-powered workflow optimization platform, raised $700K in Seed funding ([more]() - Kalm Therapeutics, a pre-clinical drug development company, raised $700K in Seed funding ([more]() CRYPTO - Crypto investors weigh new inflation data that clears way for potential rate cuts ([more]() - Bitcoin price may turn lower as crypto exchanges see $1B USDT withdrawal ([more]() - MetaMask starts rollout of blockchain-based debit card developed with Mastercard, Baanx ([more]() BULLISH BITES 💰 Free download: [Claim your complimentary Gold & Silver Investors Guide]( * 💸 Term sheet: Venture capitalists move toward "[pay to play](". ☕️ Inside look: Inside Starbucks’s surprising [CEO firing and hiring](. 🚂 Pivot: How this traditional [toymaker]( is going big on digital games. 🎡 Can’t miss her: What a guy! Mark Zuckerberg commissioned a statue [in honor of his wife](. DAILY SHARE [tw profile: Not Jerome Powell] Not Jerome Powell @alifarhat79 [tw] 🤣🤣🤣 7:14 PM • Aug 14, 2024 2.77K Likes 203 Retweets 56 Replies [tw profile: wallstreetbets] wallstreetbets @wallstreetbets [tw] Every time. 9:58 PM • Aug 14, 2024 1.62K Likes 121 Retweets 150 Replies [tw profile: Douglas A. Boneparth] Douglas A. Boneparth @dougboneparth [tw] Now that inflation is under control, I can quit one of my eight part-time jobs. 12:35 PM • Aug 14, 2024 1.67K Likes 114 Retweets 92 Replies [tw profile: High Yield Harry] High Yield Harry @HighyieldHarry [tw] 86 Degrees and Midtown still gets covered with these fits 3:55 PM • Aug 14, 2024 484 Likes 14 Retweets 26 Replies What did you think about today's briefing? - [⭐️⭐️⭐️⭐️⭐️ Excellent, keep it comin'!]( - [⭐️⭐️⭐️⭐️ Good stuff]( - [⭐️⭐️⭐️ It was alright]( - [⭐️ Needs work]( Have a comment or suggestion? 💌 [Send us a message](mailto:feedback@marketbriefing.com) [ADVERTISE]( | [SUBSCRIBE]( *from our partners Disclaimer: Market Briefing© is a news publisher. All statements and expressions herein are the sole opinions of the authors or paid advertisers. 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