U.S. inflation cooled slightly in July, boosting expectations that the Fed will hold rates in September and allowing the S&P 500 to break a losing streak. Chipmaker Cerebras reported revenue below expectations in the second quarter despite raising full-year guidance, sending shares down 15%. The Los Angeles Lakers were valued at $12.5 billion in Mark Walter’s sale of his majority stake to Joshua Kushner and Bob Iger. Shipping traffic in the Strait of Hormuz fell to three-month lows amid U.S.-Iran tensions. Two Democrats, Elizabeth Warren and Robert Garcia, asked Trump to disclose the money managers handling his fortune.
Source: Read the original article
