Stocks rose and bond yields fell sharply Thursday after a fresh read on business inflation showed prices were broadly flat in July.
The report fueled optimism on Wall Street that the Federal Reserve… [+3425 chars]

Stocks rose and bond yields fell sharply Thursday after a fresh read on business inflation showed prices were broadly flat in July.

NBC News

Stocks rise and interest rates fall after inflation report - nbcnews.com

OpenAI has replaced chief revenue officer Denise Dresser after just nine months on the job, tapping Wiz president and chief operating officer Dali Rajic to take on frontier lab’s top sales job.
The … [+2125 chars]

Dali Rajic will take over as OpenAI's top salesperson.

TechCrunch

OpenAI hires new CRO as executive shake-up continues - TechCrunch

A group of nine pharmacy benefit managers (PBMs) announced Thursday that they will work with an industry group to boost the transparency of prescription drug pricing through the TrumpRx platform.
FO… [+3136 chars]

Dr. Mehmet Oz says the TrumpRx deal with nine pharmacy benefit managers will boost drug cost transparency and drive down prescription prices.

Fox Business

Major PBMs to boost prescription drug price transparency through TrumpRx - Fox Business

Phia co-founders Phoebe Gates (yes, as in the daughter of Microsofts Bill) and Sophia Kianni are in hot water. According to a new report from Bloomberg, the entrepreneurs knowingly pushed for feature… [+3073 chars]

Phoebe Gates reportedly knew her AI shopping company was profiting on sales it shouldn’t have, according to a report from Bloomberg. Under U.S. law, the activities are persecuted as wire fraud, with a maximum penalty of 20 years in federal prison.

The Cut

Phoebe Gates’s Phia Drama Is Getting Even Stickier - The Cut

A Powerball player is waking up much richer after winning the $1.04 billion jackpot Wednesday night scooping up the eighth-largest prize in the games history. 
A single ticket sold in Illinois match… [+233 chars]

The prize is the eighth largest in Powerball history. The player with the winning numbers can choose a lump sum of $450 million or a series of payments made over 29 years.

The Washington Post

$1 billion Powerball jackpot has a winner - The Washington Post

Quick Read
<ul><li>SanDisk's investor day targets mid-to-high teens revenue growth and ~80% gross margins through FY2030, with 100% of excess cash returned to shareholders.
</li><li>New Business Mo… [+5354 chars]

Sandisk just handed investors a sweeping financial blueprint stretching to 2030, and the memory sector is erupting in response. Whether the ambitious targets...

24/7 Wall St.

Sandisk Unveils Multi-Year Financial Model and Growth Strategy, Memory Stocks Soar - Yahoo Finance

Whole Foods has recalled more products in connection with an ongoing salmonella outbreak believed to have originated from jalapenos.
The new recall, published by the U.S. Food and Drug Administratio… [+3017 chars]

Whole Foods has recalled more guacamole, dips and other food products over a link to a salmonella outbreak. Here's the full list.

USA Today

More Whole Foods products recalled in salmonella outbreak. See list - USA Today

NEW YORK (AP) If you bought something from an overseas vendor last year, it might be time to check your bank account.
Shippers including FedEx and UPS that acted as customs brokers for imported pack… [+5366 chars]

If you bought something from an overseas vendor last year, it might be time to check your bank account. Shippers including FedEx and UPS that acted as customs brokers for imported packages and received tariff refunds from the U.S. government have started to r…

Associated Press

A surprise credit after an overseas purchase: The tariff refunds now flowing through shippers - AP News

Nvidia announced this week that Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR were willing to commit up to $500 billion to build AI data centers. That eye-popping figure got a lot… [+4518 chars]

Nvidia has a plan to make sure its GPUs won't lose value. It wants to convince a new crop of financiers to keep lending for AI buildouts.

Nvidia’s new $500B plan is risky but brilliant, especially for aging GPUs - TechCrunch

If there is any reason to proceed with caution ahead of Nvidia's (NVDA) earnings on Aug. 26, it's that the market is positioned for the company to post great results and for CEO Jensen Huang to sound… [+2514 chars]

The market is positioned for the company to post great results and for CEO Jensen Huang to sound super bullish on the earnings call.

Yahoo Entertainment

Nvidia bulls may have a small problem on their hands - Yahoo Finance

WASHINGTON (AP) Wholesale inflation dropped last month as gas prices reversed some of their Iran war spike and other costs also cooled, a sign that consumer inflation could grind lower in the months … [+2877 chars]

Wholesale inflation dropped last month as gas prices reversed some of their Iran war spike and other costs also cooled, a sign that consumer inflation could grind lower in the months ahead. The Labor Department’s producer price index — which captures inflatio…

Wholesale price inflation slows last month as gas, food costs fall - AP News

Ford is preparing to expand U.S. production of Lincoln vehicles as the automaker moves toward ending imports from China for American customers, a move Commerce Secretary Howard Lutnick highlighted wh… [+2544 chars]

Ford plans to expand U.S. production of Lincoln vehicles by 2030 and end China imports, a move expected to generate thousands of American jobs.

Ford’s US manufacturing expansion to bring ‘thousands and thousands of jobs,’ Lutnick says - Fox Business

Stocks rose Thursdayfollowing softer-than-expectedwholesale inflation datafor July and growing confidence that the Federal Reserve wont raise interest rates.
Copyright ©2026Dow Jones &amp; Company, … [+57 chars]

Sandisk is the top-performing stock in the S&P 500 after its investor day.

Barron's

Sandisk, Cisco, Micron, Ondas, Coherent, Cerebras, and More Stocks That Explain Today’s Market - Barron's

Databricks on Thursday said it closed a $5 billion funding round at a $190 billion valuation to invest in enterprise AI capabilities.
The company said that it crossed $7 billion in revenue run rate … [+2569 chars]

Databricks is benefitting off of the agentic AI wave.

CNBC

Databricks wraps $5 billion funding round at $190 billion valuation - CNBC

<ul><li></li><li></li><li></li></ul>
Oh captain, my captain.
by
Andrew J. HawkinsClose
Posts from this author will be added to your daily email digest and your homepage feed.
Follow
FollowSee A… [+4304 chars]

Rivian announced it would be adding second-row captain’s chairs to R1S as part of the R1’s 2027 model year refresh. Captain’s seats were the brand’s number one most-requested feature.

The Verge

Rivian is finally getting a long-requested feature — and no, it’s not CarPlay - The Verge

Since SpaceX went public in June, Wall Street had been dreading Aug. 6, when the first lockup preventing early investors from selling the stock expired and millions of shares were set to flood the ma… [+31 chars]

Since SpaceX went public in June, Wall Street had been dreading Aug. 6, when the first lockup preventing early investors from selling the stock expired and millions of shares were set to flood the market.

Bloomberg

SpaceX Passes First Lockup Expiry Test With $500 Billion Rally - Bloomberg.com

alexsl
Wall Street was in the green on Thursday as investors digested July producer-price data that showed wholesale inflation was unchanged from the previous month
The S&amp;P 500 (SP500) +0.2%, t… [+67 chars]

Stock index futures mixed as markets await the July PPI inflation report, jobless claims and Fed balance sheet.

Seeking Alpha

Stock market opens in green as PPI holds steady in July (SPX:) - Seeking Alpha

Steve Eisman is warning that the artificial intelligence boom has become increasingly dependent on the fortunes of just two companies: OpenAI and Anthropic.
The investor, best known for his bet agai… [+1751 chars]

Steve Eisman is warning that the artificial intelligence boom has become increasingly dependent on the fortunes of just two companies: OpenAI and Anthropic.

'Big Short' investor Steve Eisman sees an Achilles' heel in the AI boom - CNBC

A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight… [+4847 chars]

A new generation of millennials and Gen Zers is taking over the collecting market from baby boomers and bidding up modern supercars at Monterey Car Week.