27 AUG 2024 Market Close & Major Financial Headlines: Markets Opened Lower, Immediately Trended Higher, Traded Across The Unchanged Line For A While Before The Dow Closed At A New Closing High

Summary Of the Markets Today:

  • The Dow closed up 10 points or 0.02%,
  • Nasdaq closed up 0.16%,
  • S&P 500 closed up 0.16%,
  • Gold $2,551 up $5.20,
  • WTI crude oil settled at $76 down $1.73,
  • 10-year U.S. Treasury 3.833 up 0.015 points,
  • USD index $100.55 down $0.03,
  • Bitcoin $61,990 down $809 or 1.29%,

*Stock data, cryptocurrency, and commodity prices at the market closing.

Today’s Highlights:

The US stock market experienced mixed trading on Tuesday, with the Dow Jones Industrial Average managing to secure another record close while the S&P 500 and Nasdaq Composite saw modest gains. Investors remained cautious ahead of Nvidia’s highly anticipated earnings report scheduled for Wednesday.

Key Factors Influencing the Market:

Nvidia Earnings Anticipation

Investors are eagerly awaiting Nvidia’s (NVDA) second-quarter earnings report, which is expected to be a significant market-moving event. The chipmaker’s results could have broader implications for the tech sector and the AI-driven rally that has propelled markets this year.Inflation UpdateMarket participants are also focused on the upcoming release of the PCE price index, the Federal Reserve’s preferred inflation gauge. This report could impact expectations for potential interest rate cuts in the near future.

Corporate News

Apple (AAPL) announced a change in its CFO position, with Kevan Parekh set to replace the long-standing executive whilst the Paramount (PARA) takeover saga appears to be nearing conclusion, with Skydance Media likely to secure a deal.

Analyst Insights

Kevin Mahn, chief investment officer at Hennion & Walsh, expressed optimism about Nvidia’s upcoming earnings report, stating, “I think they will once again exceed earnings expectations. They’ll exceed revenue expectations, and they’re going to announce substantial growth in their data center business”.As the market awaits Nvidia’s results, the company’s performance could have significant implications for the broader AI ecosystem and investor sentiment in the tech sector


Click here to read our current Economic Forecast – August 2024 Economic Forecast: New Recession Flag


Today’s Economic Releases Compiled by Steven Hansen, Publisher:

The S&P CoreLogic Case-Shiller 20-City Composite posted a year-over-year increase of 6.5% in June 2024, dropping from a 6.9% increase in the previous month. I do not hold out much hope there is a good solution to moderate home price inflation as overall it is not good for anyone except for flippers.

Richmond Fed Manufacturing Survey slowed in August 2024, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite manufacturing index edged down from −17 in July to −19 in August. Of its three component indexes, shipments rose from −21 to −15, new orders decreased from −23 to −26, and employment fell from −5 to −15. Manufacturing is not doing well in the U.S.

The Conference Board Consumer Confidence Index® rose in August 2024 to 103.3 (1985=100), from an upwardly revised 101.9 in July. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—improved to 134.4 from 133.1 in July. Dana M. Peterson, Chief Economist at The Conference Board added:

Overall consumer confidence rose in August but remained within the narrow range that has prevailed over the past two years. Consumers continued to express mixed feelings in August. Compared to July, they were more positive about business conditions, both current and future, but also more concerned about the labor market. Consumers’ assessments of the current labor situation, while still positive, continued to weaken, and assessments of the labor market going forward were more pessimistic. This likely reflects the recent increase in unemployment. Consumers were also a bit less positive about future income. In August, confidence declined among consumers under 35 while it increased for those 35 and older. On a six-month moving average basis, confidence remained the highest among young consumers. Despite the overall improvement in the headline Index, confidence declined for consumers earning less than $25K. On a six-month moving average basis, consumers earning over $100K remained the most confident. Confidence among consumers earning $15K to $24.9K continued to trend down and was almost as low as for those earning less than $15K.

 

Here is a summary of headlines we are reading today:

  • Iran Nuclear Deal ‘Off the Table,’ U.S. Affirms
  • Norway’s Natural Gas Exports Surge in 2024
  • Largest U.S Grid Faces Tough Test as Heat Wave Hits Midwest
  • Goldman Sachs Cuts Its Expected Oil Price Range by $5
  • Low Hydro Storage Forces New Zealand to Boost Fossil Fuel Power Generation
  • Home prices hit record high in June on S&P Case-Shiller Index
  • Nvidia has become world’s ‘most important stock,’ adding pressure to upcoming earnings report
  • S&P 500, Nasdaq close slightly higher Tuesday, lifted by Nvidia shares: Live updates
  • 2 people killed, 1 injured in reported tire explosion at Delta facility in Atlanta’s Hartsfield-Jackson airport
  • Freezing your credit is the first step to avoid identity theft, expert says. Here’s what to know
  • Solid 2Y Treasury Auction Prices At Lowest Yield In Two Years
  • Lowe’s becomes latest company to back away from diversity plans

Click on the “Read More” below to access these, other headlines, and the associated news summaries moving the markets today.

The Market in Perspective

Here are the headlines moving the markets.

What’s Next for the European Union?

The Brussels autumn normally kicks into gear by mid-September, when the president of the European Commission delivers the State of the European Union address (referred to as “SOTEU” by EU types) to the European Parliament. The speech, which tends to last about an hour, outlines policy priorities the EU executive aims to launch or complete in the coming months. But this is no normal Brussels autumn, since the EU is in the middle of a changing of the guard. In June, EU leaders decided that former Portuguese Prime Minister Antonio Costa…

Read more at: https://oilprice.com/Geopolitics/International/Whats-Next-for-the-European-Union.html

Canada Imposes 100% Tariff on Chinese Electric Vehicles

Taking a page out of Europe’s playbook, Canada will impose staggering new tariffs on Chinese-made electric vehicles, aluminum and steel, lining up behind western allies and taking steps to protect domestic manufacturers. Speaking in Halifax, Nova Scotia, where he was gathered with the rest of his cabinet for a series of meetings about the economy and foreign relations Prime Minister Justin Trudeau unveiled the new policy which consists of a 100% levy on electric cars and 25% on steel and aluminum. The EV tariff will take effect Oct. 1 and will…

Read more at: https://oilprice.com/Energy/Energy-General/Canada-Imposes-100-Tariff-on-Chinese-Electric-Vehicles.html

Venezuelan President Maduro Set to Shakeup PDVSA

Venezuela’s contested president Nicolás Maduro will make big changes to the top leadership at the state-owned oil giant, Petróleos de Venezuela S.A. (PDVSA), and the oil ministry, sources familiar with the situation told Reuters on Tuesday. The move follows the controversial presidential election that has threatened the country’s political stability. Maduro is expected to replace PDVSA’s current CEO, Pedro Rafael Tellechea, with its current vice president, anonymous sources have said. Maduro appointed Tellechea to head PDVSA in early…

Read more at: https://oilprice.com/Latest-Energy-News/World-News/Venezuelan-President-Maduro-Set-to-Shakeup-PDVSA.html

Iran Nuclear Deal ‘Off the Table,’ U.S. Affirms

Reviving the Iran nuclear deal remains off the agenda for the Biden administration, a U.S. State Department spokesperson said on August 26, as Tehran called for “new negotiations” to update the agreement before it can be revived. Iran’s new foreign minister, Abbas Araqchi, said last week that the agreement “cannot be revived in its current form” due to sunset clauses that have expired and insisted that new talks are needed to resuscitate the agreement. However, a State Department spokesperson told RFE/RL that the Joint…

Read more at: https://oilprice.com/Geopolitics/International/Iran-Nuclear-Deal-Off-the-Table-US-Affirms.html

Visualizing the Renewable Energy Landscape Across G20 Countries

This graphic, via Visual Capitalist’s Bruno Venditti, shows how much electricity is generated from renewable sources among G20 countries. The data is based on Ember’s yearly and monthly electricity reports as of 2023. Data for Saudi Arabia is not available. Brazil Leading in Renewable Energy The global average for renewable electricity is 30%, but nearly half of the G20 countries fall below this average. Brazil leads the G20 in renewable electricity, with 89% of its power generated from renewables in 2023. The country’s high share of…

Read more at: https://oilprice.com/Alternative-Energy/Renewable-Energy/Visualizing-the-Renewable-Energy-Landscape-Across-G20-Countries.html

Norway’s Natural Gas Exports Surge in 2024

Norway’s gas exports are soaring so far this year. So much so, they are on track to challenge historical records, with pipeline deliveries to Europe up 10% year-on-year. This year’s surge follows the 2023 lull, and positions Norway as Europe’s leading gas supplier after Russia’s exports dwindled post-Ukraine invasion. Gassco, Norway’s system operator, reported that 70.2 billion cubic meters (bcm) of gas were delivered by the end of July, compared to 64 bcm during the same period last year. Strong European demand, high system availability,…

Read more at: https://oilprice.com/Latest-Energy-News/World-News/Norways-Natural-Gas-Exports-Surge-in-2024.html

How Libya’s Supply Outage Impacts Oil Markets

Several oilfields across Libya have halted production as closures spread, engineers reported on Tuesday, amid a dispute over control of the central bank and oil revenues. Mohammed al-Menfi, head of the Presidency Council in Tripoli, had issued a decision to replace Central Bank head Sadiq al-Kabir and the bank’s board, a move rejected by the eastern parliament. On Monday, authorities in the east, where most of the oilfields are located, threatened to shut them all down, escalating their standoff with the internationally recognized government in…

Read more at: https://oilprice.com/Energy/Crude-Oil/How-Libyas-Supply-Outage-Impacts-Oil-Markets.html

Largest U.S Grid Faces Tough Test as Heat Wave Hits Midwest

The operator of the biggest U.S. power grid has issued hot weather and maximum generation alerts for the areas in the Midwest and East it serves as a heat wave that has settled on large parts of the Midwest and parts of the South. PJM Interconnection, which coordinates the movement of wholesale electricity and ensures power supplies for 65 million people in all or parts of 13 eastern and Midwest U.S. states and D.C., has issued a Maximum Generation Alert and Load Management Alert for August 27. The alert was issued ahead of expected hot weather…

Read more at: https://oilprice.com/Latest-Energy-News/World-News/Largest-US-Grid-Faces-Tough-Test-as-Heat-Wave-Hits-Midwest.html

Net-Zero Scenarios Underestimate Energy Demand Growth, Gas Union Says

The various decarbonization pathways and scenarios are likely underestimating the rate at which global energy consumption is rising, which could create a supply shortfall of natural gas by the end of the decade, Switzerland-based industry organization International Gas Union (IGU) said in its Global Gas Report 2024 on Tuesday. If global natural gas demand continues to grow as it did in the last 4 years, without additional production development, a 22% global supply shortfall is expected by 2030, IGU said in the annual report.   “If demand…

Read more at: https://oilprice.com/Latest-Energy-News/World-News/Net-Zero-Scenarios-Underestimate-Energy-Demand-Growth-Gas-Union-Says.html

Libya Supply Outage Sparks Uncertainty in Oil Markets

Oil prices started the week with a major spike on the back of Khalifa Haftar’s Benghazi-based government declaring a nationwide halt of all oil production and exports.- One of the two rival powers in Libya, the Benghazi government run by Field Marshal Khalifa Haftar said it would shut down all crude output and exports in the country, declaring a nationwide force majeure.- The decision comes amidst an escalating dispute over who should appoint NOC officials and control oil revenues, aggravated by the kidnapping of Central Bank officials…

Read more at: https://oilprice.com/Energy/Energy-General/Libya-Supply-Outage-Sparks-Uncertainty-in-Oil-Markets.html

Goldman Sachs Cuts Its Expected Oil Price Range by $5

Weaker Chinese oil demand, high inventories, and rising U.S. shale production have prompted Goldman Sachs to reduce its expected range for Brent oil prices by $5 to $70-$85 per barrel. Commercial inventories have been stable in the peak summer demand season, contrary to expectations of drawdowns, analysts at the Wall Street bank wrote in a note carried by Investing.com. Higher U.S. supply has been offsetting some of the seasonal demand, according to Goldman Sachs. Efficiency gains among U.S. producers have raised shale supply by 200,000 barrels…

Read more at: https://oilprice.com/Energy/Energy-General/Goldman-Sachs-Cuts-Its-Expected-Oil-Price-Range-by-5.html

China’s Oil Giant CNPC Looking for Acquisition Targets Overseas

China National Petroleum Corporation (CNPC) and its listed company PetroChina are looking to buy oil and gas exploration and production assets and LNG opportunities globally in what could be a revival of deal-making for the Chinese state giant after two decades. CNPC could seek to expand its current investments in LNG in Qatar, one of the world’s biggest LNG exporters, Lu Ruquan, director of the Chinese firm’s Economics and Technology Research Institute (ETRI) who is involved in strategy discussions, told Reuters on Tuesday. CNPC already…

Read more at: https://oilprice.com/Latest-Energy-News/World-News/Chinas-Oil-Giant-CNPC-Looking-for-Acquisition-Targets-Overseas.html

Libya’s Oil Production Shutdown Is Underway

Oil production at several Libyan oilfields was halted on Tuesday after the rival government in the east announced on Monday a stop to all oil production and exports from OPEC’s African producer. Crude oil output at the El Feel oilfield in southwestern Libya has stopped, engineers told Reuters on Tuesday. Engineers at several other oilfields in the east and southeast have also halted or reduced production. Local operators have indicated to Bloomberg they will be gradually halting production across the country. Libya, which pumps about 1.2…

Read more at: https://oilprice.com/Latest-Energy-News/World-News/Libyas-Oil-Production-Shutdown-Is-Underway.html

Low Hydro Storage Forces New Zealand to Boost Fossil Fuel Power Generation

Low hydro storage following months of dry weather has forced power generators in New Zealand to boost fossil fuel electricity output by 67% so far this year, according to data from energy think tank Ember. As hydro storage slumped this year, hydropower generation fell to the lowest level in about a decade, per the data reported by Reuters columnist Gavin Maguire. At the same time, power generation from the backup coal and gas power stations jumped by 67% between January and July 2024 compared to the same period last year. Hydropower is the single…

Read more at: https://oilprice.com/Latest-Energy-News/World-News/Low-Hydro-Storage-Forces-New-Zealand-to-Boost-Fossil-Fuel-Power-Generation.html

Microsoft to Buy Solar Power From Singapore Renewables Project

Microsoft will buy all the solar power from a project in Singapore as the tech giant seeks to achieve its goal of having 100% of its electricity consumption, 100% of the time, matched by zero-carbon energy purchases by 2030. Microsoft has signed a deal with EDP Renewables, a Spain-based company, to buy 100% percent of the renewable energy exported to the grid from EDP Renewables’ SolarNova 8 project in Singapore. The project will consist of installing up to 200 MWp of solar capacity spanning more than 1,000 Singapore public housing buildings…

Read more at: https://oilprice.com/Latest-Energy-News/World-News/Microsoft-to-Buy-Solar-Power-From-Singapore-Renewables-Project.html

NFL wants a cut of private equity investment profits as vote looms

NFL owners are planning to vote on a proposal Tuesday that would allow private equity firms to take a maximum 10% stake in teams.

Read more at: https://www.cnbc.com/2024/08/27/nfl-wants-to-take-percentage-of-private-equity-investment-profits.html

Home prices hit record high in June on S&P Case-Shiller Index

On a three-month running average ending in June, prices nationally were 5.4% higher than they were in June 2023, according to data released Tuesday.

Read more at: https://www.cnbc.com/2024/08/27/home-prices-hit-record-high-in-june-on-sp-case-shiller-index.html

Nvidia has become world’s ‘most important stock,’ adding pressure to upcoming earnings report

Nvidia has been the primary beneficiary of the AI boom, as a handful of the richest technology companies order billions of dollars of the company’s processors.

Read more at: https://www.cnbc.com/2024/08/27/nvidia-is-worlds-most-important-stock-adds-pressure-to-q2-earnings.html

S&P 500, Nasdaq close slightly higher Tuesday, lifted by Nvidia shares: Live updates

Investors were awaiting Nvidia’s earnings, due out after Wednesday’s closing bell.

Read more at: https://www.cnbc.com/2024/08/26/stock-market-today-live-updates.html

Trump taps RFK Jr. and Tulsi Gabbard for presidential transition team

Robert F. Kennedy Jr. and Tulsi Gabbard have both endorsed Republican nominee Donald Trump for president over Democratic nominee Kamala Harris.

Read more at: https://www.cnbc.com/2024/08/27/trump-rfk-jr-tulsi-gabbard-transition-team.html

Dividend stocks are expected to pop as the Fed lowers rates. How to shop for the right ones

Income investors will turn to dividend payers as rates come down, but there’s more to finding the right stock than just focusing on yields.

Read more at: https://www.cnbc.com/2024/08/27/dividend-stocks-are-expected-to-pop-as-the-fed-lowers-rates.html

Edgar Bronfman Jr. dropped Paramount bid after running out of time to secure financing

With Bronfman out of the picture, the path is cleared for Skydance to merge with Paramount.

Read more at: https://www.cnbc.com/2024/08/27/edgar-bronfman-jr-dropped-paramount-bid-after-running-out-of-time.html

2 people killed, 1 injured in reported tire explosion at Delta facility in Atlanta’s Hartsfield-Jackson airport

A tire reportedly exploded in Hartsfield-Jackson Atlanta International Airport on Tuesday morning, according to the International Association of Machinists and Aerospace Workers.

Read more at: https://www.cnbc.com/2024/08/27/2-people-killed-1-injured-in-reported-tire-explosion-at-delta-facility-in-atlantas-hartsfield-jackson-airport.html

Mark Zuckerberg says White House ‘pressured’ Meta to ‘censor’ Covid-19 content

Zuckerberg said it was ultimately Meta’s decision to take down any content, but he noted he believes that the alleged “government pressure was wrong.”

Read more at: https://www.cnbc.com/2024/08/27/zuckerberg-alleges-white-house-pressured-meta-to-censor-covid-19-content.html

Freezing your credit is the first step to avoid identity theft, expert says. Here’s what to know

Recent large consumer data breaches have prompted experts to advise consumers to freeze their credit. Here’s how to get started.

Read more at: https://www.cnbc.com/2024/08/27/how-to-freeze-your-credit-after-national-public-data-breach.html

Washington Commanders strike stadium naming rights deal with Northwest Federal Credit Union

The home of the Washington, D.C., NFL team has been without a naming rights partner since FedEx ended its deal with the Commanders in February.

Read more at: https://www.cnbc.com/2024/08/27/washington-commanders-stadium-northwest-federal-credit-union.html

Your mortgage could be an important part of your retirement plan, according to financial experts

What you might think of as a monthly expense could be a key part of your retirement plan later on.

Read more at: https://www.cnbc.com/2024/08/27/financial-experts-view-your-mortgage-as-part-of-your-retirement-plan.html

These comeback kids have wiped out the August sell-off and analysts see them moving higher

These stocks led the market rebound and could be poised for more gains.

Read more at: https://www.cnbc.com/2024/08/27/these-comeback-kids-have-wiped-out-the-august-sell-off-and-analysts-see-them-moving-higher.html

UC San Diego Abandons Female-Only STEM Program After Federal Complaint

ComplaintVia The College Fix,

Civil rights activist told university to drop program or offer equal opportunities…

The University of California San Diego removed some information about its STEM program only open to female high school students following a federal civil rights complaint.

The physical sciences’ department page for “STEM Girl Summer” returns an “access denied” message.

However, the university still lists information on the program elsewhere, including in a social media post last week.

Civil rights activist Mark Perry told The College Fix he believes the university removed the information aft …

Read more at: https://www.zerohedge.com/political/uc-san-diego-abandons-female-only-stem-program-after-federal-complaint

Zelensky To Present ‘Victory Plan’ To Harris & Trump In September

Ukraine’s President Volodymyr Zelensky is expected to meet once again with US President Joe Biden, reportedly set for September. On Tuesday Zelensky revealed that he intends at that time to present the White House with a plan for victory against Russia. But more important is what happens after the US presidential election..

He specified that his plan will also be directly presented to Vice President Kamala Harris as well as former President Donald Trump as the two candidates head into the November election.

“The plan is prepared. I think it’s right that I first present this plan to the US President.” Zelensky was quoted in Ukrainian media as saying. “The success of this plan depends on whether we get what is outlined in it, or if we are free to use what is included.”

“Kursk region is part of our plan—Ukraine’s victory plan. It may sound overly ambitious to some, but for us, it’s an important plan,” Zelensky continued.

Read more at: https://www.zerohedge.com/geopolitical/zelensky-present-victory-plan-harris-trump-september

AI Vs Human Leadership: Debate Over Plan To Govern Cheyenne Heats Up

Authored by Andrew Singer via CoinTelegraph.com,

Artificial intelligence could soon be governing a city in the United States — at least if one American mayoral candidate has his way.

Victor Miller recently threw his hat into the ring for mayor of Cheyenne, Wyoming, pledging to manage the 65,000-person city exclusively with a generative AI bot he built himself — called VIC, or Virtual Integrated Citizen.

He argued that it could quickly scan heaps of municipal documents, summarize events and render error-free judgments in near real-time. Its rulings would also be objective — without fear of favor or influence from lobbyists — which would be good for democracy.

Tech-savvy Wyoming is arguably the most crypto-friendly state in the United States, so maybe it’s fitting that its capital city also

Read more at: https://www.zerohedge.com/technology/ai-vs-human-leadership-debate-over-plan-govern-cheyenne-ai-heats

Solid 2Y Treasury Auction Prices At Lowest Yield In Two Years

After a sharp reversal in yields, which in August tumbled to a fresh 2024 low, some traders were eyeing today’s 2Y auction nervously to see if the move higher in yields would lead to some indigestion. In the end, it turned out there was no reason to be worried because moments ago the Treasury sold $69BN in paper to stellar market demand.

The auction stopped at a high yield of 3.874%, the lowest since August 2022 and down sharply from the 4.434% last month, a 56bps drop which was the biggest since the December recession scare (when we saw a 57bps drop), which in turn was the biggest since the March 2023 bank crisis. In short: any time you have a 50bps+ drop in sequential 2Y bond yields, you get a powerful recession scare. And yet, aside from March 2020 when the entire world shut down, the past two such recession scares ended up being a false start. We’ll see if this latest one is the same.

The auction also stopped through the 3.800% When Issued by 0.6bps, which was good but not as good as last mont …

Read more at: https://www.zerohedge.com/markets/solid-2y-treasury-auction-prices-lowest-yield-two-years

Autumn Budget will be painful, warns Starmer

The PM said he would have to make “big asks” from the public for the “long-term good”.

Read more at: https://www.bbc.com/news/articles/clyn01p5npgo

What taxes might be raised in the Budget?

The government says taxes will have to rise to fix the public finances – but which ones could go up?

Read more at: https://www.bbc.com/news/articles/cv2gxkln5elo

UK to spend £10.5m on new EU border checks

Travellers from the UK and other non-EU countries will soon have to go through a new digital border system.

Read more at: https://www.bbc.com/news/articles/c4gz9n06rxdo

Tech View: Nifty forms neutral Doji candle on daily chart. Here’s how to trade on Wednesday

To gain momentum, the market needs to break through recent highs soon. Key support levels to watch are 24,975 and 24,850, while resistance is expected at 25,080-25,100 and then at 25,400. Traders should closely monitor these levels to make informed decisions, according to Rajesh Bhosale of Angel One.

Read more at: https://economictimes.indiatimes.com/markets/stocks/news/tech-view-nifty-forms-neutral-doji-candle-on-daily-chart-heres-how-to-trade-on-wednesday/articleshow/112839378.cms

BSE arm unveils new Sensex Next 30 index, tracking performance of top 30 stocks beyond Sensex

The 30 stocks in the index are weighted according to their free-float market capitalization. The index includes companies from various sectors, such as financial services, consumer discretionary, energy, commodities, healthcare, industrials, FMCG, IT, and utilities.

Read more at: https://economictimes.indiatimes.com/markets/stocks/news/bse-arm-unveils-new-sensex-next-30-index-tracking-performance-of-top-30-stocks-beyond-sensex/articleshow/112840981.cms

Shriram Finance, Tech Mahindra among 6 Nifty 50 stocks that hit fresh 52-week highs on Tuesday

Indian stock markets ended the day relatively unchanged on Tuesday, with gains in financial stocks counterbalancing losses in the energy and consumer sectors.

Read more at: https://economictimes.indiatimes.com/markets/stocks/news/shriram-finance-tech-mahindra-among-6-nifty-50-stocks-that-hit-fresh-52-week-highs-on-tuesday/slideshow/112840087.cms

Trump’s latest NFT sale features onetime crypto critic holding bitcoin

Donald Trump’s latest collection of nonfungible tokens features an image of the former president holding a bitcoin logo, the newest sign he’s appealing to voters over cryptocurrency.

Read more at: https://www.marketwatch.com/story/trumps-latest-nft-sale-features-onetime-crypto-critic-holding-bitcoin-7c0d68d2?mod=mw_rss_topstories

Lowe’s becomes latest company to back away from diversity plans

Home-improvement retailer Lowe’s Cos. has become the latest company to change its approach to diversity, equity and inclusion amid an increase in legal challenges to the corporate world and pressure from conservatives.

Read more at: https://www.marketwatch.com/story/lowes-becomes-latest-company-to-back-away-from-diversity-plans-d92a3b28?mod=mw_rss_topstories

Why a $24.1 million Babe Ruth jersey may seem like a bargain in the years ahead

The sky appears to be the limit for the rarest of sports collectibles — just wait until the ultimate Michael Jordan uniform hits the auction block.

Read more at: https://www.marketwatch.com/story/why-a-24-1-million-babe-ruth-jersey-may-seem-like-a-bargain-in-the-years-ahead-66d0d16b?mod=mw_rss_topstories

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