The Rundown

Dive into the latest stock market update, revealing a surprisingly strong performance despite workforce reductions at Paramount. Explore the ethical dilemmas in tech advertising as Google and Meta face scrutiny for targeting teens with secret ad deals. Discover Sweetgreen’s impressive sales growth and the curious decline of Elf Beauty's stock, even after beating expectations. Plus, learn about Colin Huang, who has recently ascended to become China’s new richest person.

The stock market faces turbulence as major banks indicate a 35% chance of recession, particularly affecting the AI sector. Eli Lilly's stock soars thanks to robust demand for its weight-loss drugs, providing a bright spot amidst mixed earnings reports. Meanwhile, Bumble struggles with a 40% decline in stock value following poor forecasts. The contrasting fortunes of companies like Zillow and Warner Brothers serve as a backdrop for savvy strategies from seasoned investors like Warren Buffett.

Get the latest scoop on Disney's impressive streaming profit amid worries about park attendance. Discover how US mortgage rates dropped to a 15-month low and what that means for the market. Dive into Airbnb's mixed earnings and the surprising revenue growth from Reddit. Plus, enjoy an amusing story about a celebrity acquiring stadium naming rights, highlighting the fun side of business news. Tune in for insights that blend finance with a touch of entertainment!

The stock market faces volatility with a notable sell-off impacting major indexes like the S&P 500. An antitrust ruling against Google sparks discussions about its monopoly and implications for the tech industry. Meanwhile, Uber reports a strong Q2 with impressive growth in user engagement and steps toward autonomous rides. The partnership between Google and BYD for electric vehicles further boosts Uber's stock. Lucid Motors shows positive trends, contrasting with Zoom Info's struggles, painting an optimistic picture for long-term investments.

Global stock markets are in turmoil with steep declines and looming emergency rate cuts. Warren Buffett's unexpected sell-off of Apple shares raises eyebrows, while Nvidia faces delays in its AI chip production. The implications for investors are significant as falling stock prices spark concerns. Bitcoin's impact is also explored, stirring debate about the future of related companies. With history as a guide, listeners are urged to stay alert amidst this financial chaos.

August kicks off rocky for the stock market, with tech giants feeling the pinch. A dip in job growth raises eyebrows about the economy's health. Apple's strong earnings provide a silver lining, yet Amazon struggles to keep up. Snap faces challenges, missing revenue targets even with user growth. The financial implications of sports broadcasting rights are also explored, revealing their potent influence on revenue streams.

The podcast kicks off with a stock market rebound, spotlighting Nvidia's soaring market cap and the Fed's latest interest rate decisions. Meta is making waves with strong Q2 earnings and shifts its focus from the metaverse to AI innovations, like the LLaMA 3.1 model. In a surprising earnings twist, Carvana experiences a profit surge while Moderna faces setbacks after slashing its sales forecasts. Plus, there’s a fun fact about Mark Zuckerberg and buzz about upcoming earnings from Apple and Amazon.

The latest market update reveals AMD's remarkable achievement of hitting $1 billion in quarterly AI chip sales. Meanwhile, Microsoft struggles with disappointing earnings, prompting reflections on the tech sector's future. In a contrasting twist, Starbucks sees a surprising stock gain despite lower sales, while Pinterest faces a decline. The discussion also dives into the economic impact of hosting the Olympics and its wider implications on financial markets, presenting a multifaceted view of current trends in tech and consumer goods.

Delta Airlines is considering a lawsuit against CrowdStrike and Microsoft after a major IT outage cost them up to $500 million. Meanwhile, tech leaders discuss AI advancements at Meta and Nvidia, especially Meta's launch of an AI Studio for personalized social media characters. Financial insights reveal Procter & Gamble facing revenue challenges, amid a mixed product demand landscape. The housing market is also facing pressure with rising starter home prices impacting affordability.

The podcast dives into the recent struggles of major stock indices, highlighting McDonald's disappointing earnings for the first time since 2020. It explores how their value meal offerings are pulling in customers despite the setbacks. On a brighter note, Tesla's stock is soaring after an endorsement from Morgan Stanley. The discussion wraps up with a humorous look at Olympic rewards, tying in the lighter side of competition amid market fluctuations.