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Plus: Wages in the Eurozone rose at a slower rate in the second quarter but are still outpacing consumer prices. British tech tycoon Mike Lynch was confirmed dead by Italian investigators today after his superyacht sank off Sicily on Monday. J.R. Whalen reports.
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Plus: Edgar Bronfman Jr. sweetens his offer for National Amusements and a minority stake in Paramount Global. And, Walmart offers discounted Burger King to members of its subscription program as it looks to rival Amazon Prime. Kate Bullivant hosts.
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Plus: Ford shares rise after the automaker said it is canceling plans for a large electric SUV. Target shares jump after the retailer reported higher sales due to price cuts. J.R. Whalen reports.
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Plus: A Labor Department report suggests the U.S. job market from early 2023 through early this year wasn’t as strong as first thought. Rescue teams have recovered four bodies from a sunken yacht off the coast of Sicily. J.R. Whalen reports.
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Plus: JD.com shares slump after Walmart unloads its stake in the Chinese e-commerce giant. And, Arizona and Montana will let voters decide on whether to enshrine abortion rights in state constitutions. Kate Bullivant hosts.
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Plus: Boeing shares decline after the planemaker discovered cracks in its 777X jetliner in initial test flights. Bank of America stock drops after Warren Buffett’s Berkshire Hathaway sold $550 million of the bank’s shares. J.R. Whalen reports.
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Plus: Tesla will pay lower tariffs on electric vehicles exported from China to the European Union. The Italian Coast Guard said six people unaccounted for after a yacht sank off Sicily yesterday are presumed dead. J.R. Whalen reports.
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Plus: Israel’s military says it has recovered the bodies of six hostages held by Hamas in Gaza. And Boeing finds cracks in its 777X jetliner in test flights. Kate Bullivant hosts.
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Plus: AMD shares finish higher after the chip maker agreed to pay nearly $5 billion to buy data-center equipment maker ZT Systems. General Motors shares rise after a person familiar with the matter said the automaker will cut more than 1,000 jobs. J.R. Whalen reports.
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Plus: General Motors plans to cut more than a thousand employees in its software and services division, according to people familiar with the matter. Longtime Estée Lauder CEO Fabrizio Freda will step aside next year after about 15 years in the top post. J.R. Whalen reports.
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