Nvidia Selloff Looms; Core PCE Rises; xAI Trains Grok (+5 more stories)

The Daily Business and Finance Show - Friday, 26 July 2024

We get our business and finance news from Seeking Alpha and you should too! Subscribe to Seeking Alpha Premium for more in-depth market news and help support this podcast. Free for 14-days!

Please click here for more info: Subscribe to Seeking Alpha Premium News

Today's headlines:

• Nvidia could see a massive technical selloff according to price momentum indicators
• Fed's preferred inflation gauge - core PCE - rises 0.2% in June, as expected
• Elon Musk's xAI is now training its Grok AI chatbot based on X posts
• Pitney Bowes sells e-commerce business to logistics startup Stord - The Info
• Warner Bros. Discovery sues NBA after league hands telecast rights to Amazon
• 3M soars in stock's best day ever as upbeat outlook points to fresh start
• DexCom reaches a multi-year low as downgrades follow guidance cut
• Bears see Mag 7's S&P dominance as 'one bad payroll away from cracking': Bank of America

Explanations from OpenAI ChatGPT API with proprietary prompts.

This podcast provides information only and should not be construed as financial or business advice.

This podcast is produced by Klassic Studios

Learn more about your ad choices. Visit megaphone.fm/adchoices