| *past 24-hour performance |
| Upcoming Week: | Tuesday: We’ll get the latest updates on the labor market next week, starting with the August Job Openings and Labor Turnover Survey (JOLTS) Thursday: Payroll provider ADP will issue its National Employment Report for September, tracking growth in private sector payrolls Friday: A closely watched employment report for September will be released with economists expecting the economy to have added 163,000 jobs last month, slowing slightly from 187,000 in August | Notable Earnings: | Tuesday: McCormick & Company (MKC), Cal-Maine Foods (CALM), and Novagold Resources (NG) Wednesday: RPM International (RPM), Acuity Brands (AYI), & Helen of Troy (HELE) Thursday: Constellation Brands (STZ), Lamb Weston Holdings (LW), ConAgra Brands (CAG), & Levi Strauss (LEVI) | | Blue Apron acquired: Wonder Group, the food-delivery startup led by former Walmart (WMT) executive Marc Lore, said it has struck a deal to acquire meal-kit company Blue Apron (APRN); stock surged 130% (Blue Apron)
Shutdown avoided: In a stunning reversal, Speaker Kevin McCarthy pushed through a bill with Democratic votes to temporarily keep the government open (WSJ)
SPARC: The SEC has approved Bill Ackman’s new financing vehicle, dubbed SPARC — a special purpose acquisition rights company – where investors will know what company the financing vehicle would be used to merge with before they have to pledge their investments; says he would combine with X (WSJ)
Nike beats: Nike (NKE) topped Wall Street estimates for first-quarter profit as higher prices of its sneakers and apparel helped offset a hit from waning demand and persistent cost pressures (Reuters)
China shows some signs of stability: China's factory activity expanded for the first time in six months in September, an official survey showed on Saturday, adding to a run of indicators suggesting the world's second-largest economy has begun to bottom out (Reuters) | | | | | What stock do these 3 billionaires have in common? | What do billionaires Paul Tudor-Jones, NY Mets owner Steve Cohen, and "The World's Greatest Investor" Jim Simons all have in common? | These three billionaires bought one controversial stock. A stock profiting from a major economic trend, six decades in the making. | But why does this matter to you? | Because, as the media force-feeds you stories about AI stocks (like Nvidia) ... the real financial story is playing out, right under your nose. Get the facts for yourself » | SPONSOR |
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| | Where the housing bubbles are: Is the housing market broken in many ways? Yes. Is affordability as bad as it’s ever been? Also yes. But does that mean we are in for another housing market crash like we experienced during the Great Financial Crisis? Read more » | The Nasdaq 100 is wildly popular. It’s also deeply flawed: If you want proof that most investors are irrational performance chasers, you’d be hard-pressed to find better evidence than the popularity of funds tracking the Nasdaq 100 index. Read more » |
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| | United Airlines would save $80 million a year if the average passenger weight falls by 10 pounds (Bloomberg) Historical maps probably helped cause World War I (Res Obscura) Explore the evolution of beer, from Stone Age sludge to craft brews (Washington Post) The tea on Gen Z (Redpoint Ventures) For the FDA, cold medicine that doesn’t work is just the tip of the iceberg (NYT) 11 assumptions about the future (Matt Smith) The Canadian government announces that all "online streaming services that offer podcasts" must formally register with the government to permit regulatory controls (CRTC) | | | | | Warning, savers are most at risk (VID) | The failing banks, and the soaring rates of violence and crime you see everywhere across the country… | This is the calm before the storm. | A far more dangerous series of events is about to unfold. This could “reset” your finances, your credit score, possibly even where you live. | If you’ve worked hard and saved all your life, you must see this before it’s too late. | SPONSOR |
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