Biden preparing to block Nippon Steel purchase of U.S. Steel – The Washington Post
President Joe Biden is set to block Nippon Steel’s $14.9 billion acquisition of U.S. Steel, a major industry move.
DOJ subpoenas Nvidia in deepening AI antitrust probe, report says – Ars Technica
DOJ reportedly seeks evidence of alleged unfair supply and pricing of AI chips.
The bond market flashes another recession warning ahead of unemployment report – MarketWatch
The 2-year Treasury yield was on the doorstep of closing below its 10-year counterpart for the first time since 2022
US job openings fall to lowest level since January 2021 – Fox Business
The Labor Department reported Wednesday that job openings in July fell to their lowest level in more than three years as the labor market continues to cool.
Broadcom Q3 Earnings Preview: Can ‘Sustained AI Order Momentum’ Help Company With History Of Beating Estimates? – Benzinga
Broadcom could highlight its growth from the artificial intelligence sector when it reports third-quarter financial results Thursday.
DirecTV Subscribers Who Lost Disney and ESPN Channels Can Get Money Back – CNET
Though customers are still missing major Disney channels, DirecTV is providing compensation for the loss.
Coinbase CFO says Kamala Harris is using firm to accept crypto donations – Fortune
Speaking at Citi’s 2024 Global TMT Conference, Coinbase chief financial officer Alesia Haas says the exchange has increased its policy spend leading up to the election
Verizon nearing deal to acquire Frontier Communications: WSJ – Yahoo Finance
Telecom giant Verizon (VZ) is reportedly in advanced talks to acquire Frontier Communications Parent (FYBR), according to the Wall Street Journal, a headline…
Modelo and Corona parent company says weak wine demand could impact latest earnings – Fox Business
Constellation Brands has been seeing soft demand in its wine and spirits segment – and the alcohol producer recently said it will weigh on its second-quarter results.
Stock market today: S&P 500, Nasdaq slip as sluggish start to September continues – Yahoo Finance
Investors are looking to labor data to gauge the chances of a “soft landing” for the economy.
