[NewYorkPost] Mississippi residents say cops’ convictions for torturing 2 black men reveals culture of violence in department
Five deputies from the Rankin County Sheriff's Office and an officer from the Richland Police Department admitted to taking part in a racist assault against...
[Fox News] Maryland woman vanishes after going for walk on nature trail as desperate search ensues
Maryland law enforcement officials are looking for a woman who reportedly disappeared Saturday evening after leaving to take a walk on a nature trail. The...
[Fox News] NFL legend’s horse euthanized after suffering catastrophic injury during race
Maple Leaf Mel, the filly part-owned by Pro Football Hall of Famer Bill Parcells, was euthanized at a race in New York on Saturday after...
[NewYorkPost] Russia launches missile, drone barrage against Ukraine as promised after suffering tanker strike
Russia followed through on its threat of retaliation against the Ukraine for bombing a Kremlin tanker by unleashing a massive missile and drone strike on...
[Fox News] Dem rep. attributes Biden’s economic woes to ‘hangover’ from Trump’s ‘disastrous’ handling of pandemic
Rep. Debbie Wasserman Schultz, D-Fla., told CNN on Saturday that President Biden's negative economic polling was due to a "hangover" from the COVID-19 pandemic. CNN...
[Fox News] National Sisters Day: Celebrity siblings who found massive success in Hollywood
National Sisters Day is observed each year and celebrates the bond sisters share. The day is celebrated on Aug. 6 annually. While siblings are nice...
[Fox News] Angus Cloud’s mother denies ‘Euphoria’ star died by suicide: ‘He did not intend to check out of this world’
Just one week after Angus Cloud tragically died, questions remain regarding the "Euphoria" actor's passing, prompting speculation on social media. His mother, Lisa Cloud, is...
[NewYorkPost] Father, 5 kids dead after massive blaze burns 3 homes on Aussie island
The bodies of a father and his five young sons were pulled from the charred wreckage of their home following a massive blaze on Sunday...
[Fox News] Blinken’s condemnation of Russian prosecutors sparks conservative backlash: ‘Siri, show me irony’
Conservatives and supporters of former President Donald Trump erupted over the weekend after Secretary of State Antony Blinken issued a tweet condemning Russia’s prosecution of...
[Fox Business] Disney, UPS earnings, consumer inflation, Cadillac’s new Escalade in week ahead
A slew of quarterly earnings will hit Wall Street this week, as well as two key reports on inflation, as investors continue to wrestle with Fitch Ratings’ downgrade of U.S. credit worthiness last week and the potential fallout.
All three of the major indexes fell last week over 1%.
The tech-heavy Nasdaq Composite dropped the most at 3% due to weakness in shares of Apple after forecasting a slowdown in revenue growth next quarter.
BUSINESSES LOOK TO SELF-REGULATE THE USE OF AI IN HIRING
Tyson Foods reports
Consumer credit data in the U.S. will be released to start the week’s economic reporting, while quarterly earnings from Tyson Foods, Lucid Motors, Beyond Meat and Paramount Global kick off earnings.
In May, Tyson Foods announced the company would shut down two of its poultry plants and lay off nearly 1,700 workers as it tries to improve its chicken operations that produce about one-fifth of the U.S. supply.
NYC OUTDOOR DINING PERMANENT, BUT RESTAURANTS WILL BE FORCED TO REMOVE STRUCTURES IN WINTER
Duke Energy, Rivian Automotive, Lyft and UPS will report results Tuesday.
For the delivery giant, it will be the first quarter following the $30 billion contract inked with the Teamsters last month.
UPS AND TEAMSTERS STRIKE $30 BILLION CONTRACT
AMAZON-RIVIAN DEAL SENDS SHARES TO NEW HIGH
Meanwhile, Lyft reported a disappointing outlook in May and announced last month it would shutter its car rental business and lay off about 60 workers. Shares of rival Uber could also be active.
LYFT WILL IMPLEMENT MORE JOB CUTS
Disney CEO Bob Iger in the spotlight
The Walt Disney Company will showcase Wednesday’s list of quarterly earnings, alongside Honda and Lordstown Motors.
DESANTIS-BACKED BOARD ENDS DISNEY DISTRICT’S DEI AND RACE-BASED PROGRAMS: ‘ILLEGAL’ AND ‘UNAMERICAN’
Disney has been rocked in recent months by executive turnover, declining theme park attendance and legal battles with Florida Gov. Ron DeSantis. Amid the turmoil, CEO Bob Iger is under pressure to formalize a succession plan.
Iger inked a two-year extension with Disney in early July, ensuring he held the chief executive position at the California-based entertainment giant until the end of 2026.
Disney shares are little changed this year compared to the S&P 500’s 16.6% gain.
Also on Wednesday, economic reporting will include data on gasoline inventories, crude oil imports and supply.
Over the last three months, the price of oil is up nearly 16% and is now roughly 2.72% higher on the year.
And GM’s Cadillac is expected to unveil a new version of its electric Escalade.
Inflation Check
The consumer price index (CPI) for July is expected to show inflation continues to moderate. Economists expect a 3.1% rise down from June’s 3% increase, while core inflation is expected to hold at 4.8%. Both levels remain above the Federal Reserve’s 2% mandate.
ECONOMY ADDS 187,000 JOBS IN JULY, A SIGN THE FED’S RATE HIKES ARE WORKING
In earnings, China’s Alibaba is set to report, along with Ralph Lauren, a measure of luxury spending.
More inflation data
The producer price index (PPI) is expected to show a mixed bag. Annually, inflation is seen rising 0.7% above the prior month’s 0.1%, while core inflation is seen easing to 2.1% vs. 2.4%.