Starting next week, we'll shift to creating helpful videos instead of daily recaps. Follow us on Twitter @Econrecaps for daily recaps. Prigozhin ordered the Wagner Group to take over Russian military bases due to tensions, alleged strikes, and conflicts. Earnings reports next week include Carnival, Jefferies, General Mills, Micron, Mccormick, Paychex, Walgreens, Rite Aid, Nike, and Constellation Brands. Economic reports include durable goods orders, consumer confidence, bank stress testing, jobless claims, GDP growth, PCE index, and Michigan Consumer Sentiment. Watch for our video on finance terms every investor should know. Thanks for listening!

The S&P500 gained 0.37%, led by Amazon's 4.25% rise after investing $100 million in an AI center. Regional banks declined, and Tesla's rating was downgraded. Elon Musk and Mark Zuckerberg joked about a potential cage fight. Short interest on equities exceeded $1 trillion, raising concerns. OceanGate shifted from rescue to recovery in the search for the Titanic submarine. Ford secured a $9.2 billion loan for battery factories. Lucid Motors hit a new all-time low. Citigroup will reprimand non-compliant staff. Jerome Powell hinted at rate hikes and increased capital requirements for big banks.

In this Econ Recaps video, we cover the market's decline, driven by Federal Reserve Chairman Jerome Powell's hawkish testimony. Tech stocks like AMD, Intel, Salesforce, and Qualcomm suffered losses, while Tesla shares plummeted due to waning sales optimism and a downgrade by Barclays. The UK's CPI remained unchanged, raising chances of a rate hike. The FTC filed a complaint against Amazon, and Logitech announced a $1 billion share buyback. Student loan payments will resume in October, potentially impacting discretionary spending. CEOs from major tech companies attend India's Prime Minister's White House dinner. Winnebago's revenues beat expectations. Stay tuned for earnings reports from Accenture, Factset, and Smith & Wesson. Don't forget to watch the previous episode discussing Opengate's missing submarine and subscribe to Econ Recaps for more updates.

In today's episode, we'll dive into the latest updates that rocked the financial world. Hold on tight as we discuss the S&P 500 taking a dip, but fear not, because Tesla is on fire with a game-changing deal with Rivian! We'll also explore Intel's bold move in Germany and the unfortunate incident involving OceanGate's lost submarine. And that's not all! We'll cover the Johnsonville recall, the leadership shake-up at Alibaba, Paypal's lucrative loan sale, Spotify's surprising decision about Meghan Markle, FedEx's revenue miss, and La Z Boy's impressive earnings beat. Oh, and let's not forget to peek into the upcoming earnings report of Winnebago. Buckle up, folks, because this episode is jam-packed with all the market buzz you need to stay in the know! Don't forget to hit that like button and subscribe to Econ Recaps for more thrilling updates. Let's get started! Cheers!

Good evening investors! Today's market recap: S&P 500 gained 1.2% to $4,425.84. Meta Platforms received a boost, positioned to benefit from AI. Hotel chains faced COVID challenges. Initial jobless claims came in at 262K. Intel set to receive $11B in subsidies. Oracle announced layoffs. Disney CFO stepped down. Kroger beat earnings estimates, but stock declined. Adobe surpassed revenue expectations. Stay tuned for more updates!

Fed maintains interest rates, tech stocks surge, UnitedHealth faces challenges, Tesla expands in China and France, music companies sue Twitter, fruit recall due to Hepatitis A concern, New Zealand enters recession, Budlight slips in sales, Autozone announces stock buyback, and Lennar beats earnings estimates. Watch our recap for the latest market updates.

In today's recap, the market closed higher as the S&P 500 saw positive sector performance and low inflation rates. Commodity companies benefited from China's rate cut, while Comerica announced plans to wind down its mortgage operations. Microsoft's acquisition of Activision Blizzard was temporarily halted, a San Francisco mall operator stopped paying its mortgage, and Congress expressed concerns about a potential bond dump by China. Netflix plans to enter live sports and open a pop-up restaurant, while Disney faced film release delays. Former President Donald Trump has been indicted on 37 felony counts related to classified documents.

In today's recap, jobless claims showed mixed results, but the market remained mostly positive. Tesla's stock rose due to plans for expanding its charging network, while Warner Brothers made significant debt repayments, and Carvana's stock soared. The US dollar still dominates global transactions. Reports of a secret eavesdropping agreement between Cuba and China are disputed by the Pentagon. DocuSign beat revenue and earnings expectations, while Vail Resorts fell short. Tomorrow, NIO, a Chinese EV manufacturer, will report earnings.

S&P 500 closed slightly lower, with the technology sector experiencing losses. Energy sector performed well due to higher-than-expected oil usage. Warner Brothers' stock rose as talks of bringing ad-supported Max to Amazon Prime Video emerged. CNN's CEO was fired amid controversies. Binance faced an investigation by Canadian securities regulators before exiting the country. Gamestop reported mixed earnings and announced a CEO change. Campbell's Soup met revenue expectations but saw a decline in unit sales. Stitch Fix beat revenue and earnings estimates, leading to a significant stock increase. United Natural Foods disappointed with lower-than-expected earnings and reduced guidance. Trip.com experienced growth in domestic hotel bookings. FuelCell and DocuSign will report earnings tomorrow.

The S&P 500 closed slightly higher, with the financial services sector performing well. Dish Network saw an increase in stock due to potential deal negotiations with Amazon. Altria completed the purchase of NJOY as part of its smoke-free initiative. Hyundai and Kia are being sued by several cities for allegedly making cars easy to steal. Bud Light sales have decreased significantly, while Boeing faced a drop in stock due to a production flaw. Netflix is predicted to gain 9 million paid subscribers, and Coinbase and Binance faced legal action. Dave N Busters beat earnings estimates, while Cracker Barrel missed expectations. Smuckers had increased earnings but declining sales forecasts. Overall, consumer discretionary stocks experienced a sales slowdown.