Today's U.S. Stock Market News Express

Important News

1. The unadjusted annual CPI rate in the United States for July was 2.9%, falling for the fourth consecutive month, returning to "2" for the first time since March 2021, with a market expectation of 3%.

2. The unadjusted core CPI annual rate in the United States for July was 3.2%, falling for four consecutive months, reaching its lowest level since April 2021, meeting market expectations.

3. After the release of US CPI data, traders lowered their expectations of a Fed rate cut.

Stock News

1. After achieving a milestone victory in an antitrust lawsuit, the U.S Department of Justice is considering asking Google (GOOG.O) to split up.

2. UBS (UBS.N) Q2 revenue in 2024 was $11.90 billion USD, exceeding market expectations of $11.47 billion and last year's same period revenue of $9.54 billion USD.

3.International candy giant Mars may acquire well-known snack manufacturer Kellanova(K.US) at approximately $30 billion USD.

4.Intel (INTC.O) sold its shares in Arm(ARM.O) during Q2 due to significant losses within the company and ongoing layoffs and cost-cutting measures aimed at turning around business operations.
   
5.Paramount Global(PARA.O) has initiated layoff plans and will close Paramount Television Studios which has been operating for eleven years; all projects currently collaborating with this studio will be transferred to Columbia Broadcasting Company Studio.
  
6.GlaxoSmithKline(GSK.N) registered phase III clinical trials on recombinant RSV vaccine on Clinicaltrials.gov website.
 
7.Canalys: In Q2 '24 , personal computer shipments featuring artificial intelligence reached eight million eighty thousand units; Apple(AAPL.O)'s Mac accounted for sixty percent while Microsoft(MSFT.O)'s Windows operating system accounted for thirty-nine percent.
  
8.Lockheed Martin(LMT.N) and General Dynamics Corporation(GD.N) announced a collaboration agreement to produce solid rocket engines on Tuesday, aiming to address ongoing shortages.

9.The Norwegian Sovereign Wealth Fund has reduced its holdings in the top ten stocks including Meta Platforms(META.O), Novo Nordisk(NVO.N), and ASML(ASML.O).

10.BlackRock increased its holdings of Nvidia (NVDA.O) and Exxon Mobil(XOM.N) in Q2.

11.Futu Holdings(FUTU.O): US stock after-hours trading gradually resumed.

12.BHP(BHP.N) will enter a new round of negotiations with striking copper miners in Chile.