Morning Brief
Markets cool after Fed rally, Nvidia earnings, $18B Keurig deal
This episode isn’t summarized yet
Create a free account and summarize it. In a few minutes you’ll have the key takeaways and a section-by-section summary.
Show notes
US stocks pull back after last week’s Fed-fueled rally, with investors betting on rate cuts but watching key data ahead of the September FOMC meeting. Nvidia (NVDA) reported earnings on Wednesday, a critical test for the AI trade. Analysts eye data center growth, sovereign AI, and China sales—crypto surges as ethereum hits record highs, boosting Coinbase (COIN) and Circle. Meanwhile, Keurig Dr Pepper (KDP) strikes an $18B deal to acquire JDE Peet’s (JDEP.AS), planning to split its coffee and beverage units into two US-listed companies. Intel (INTC) jumps after the US government takes a 10% stake under the CHIPS Act, Wayfair (W) sinks on new tariff probes, and Ørsted (ORSTED.CO) slumps after the US blocks a central offshore wind farm.
Takeaways:
Fed rally fades; markets eye PCE data and September rate cut bets
Nvidia earnings loom as AI trade faces critical test
ethereum surge lifts crypto plays; Circle and Coinbase benefit
Keurig Dr Pepper in $18B JDE Peet’s deal; Intel, Wayfair, Ørsted move on policy news
Yahoo Finance's flagship show, Morning Brief, is your go-to source for smarter investing and market moves.
Thoughts? Questions? Fan mail? Please email us at yfpodcasts@yahooinc.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices