Macro
A softer U.S. labor market is changing how investors view stocks and interest rates. Rising unemployment and stalled hiring are lifting expectations for rate cuts, while raising new concerns about economic growth as 2026 approaches.
Business Trends
Affirm shares surged after the company confirmed its buy now, pay later partnership with Amazon was renewed through 2031, easing investor concerns and reinforcing long-term growth visibility amid improving profitability trends.
Investors weigh a bold cybersecurity bet against near-term risks. Shares of ServiceNow (NOW) fell sharply after reports surfaced that the enterprise software company is in advanced talks to acquire cybersecurity startup Armis for up to $7 billion. The potential deal, combined with a fresh analyst downgrade, has put the spotlight
Tesla is testing robotaxis with no safety monitors or occupants, a major autonomy milestone. TSLA rose about 4% as investors cheered progress on self-driving technology. Much of Tesla’s $1.5 trillion valuation is tied to autonomy and robotics expectations, not just EV sales.
Rivian Automotive (RIVN) unveils a custom AI chip and new autonomy models as investors take notice. Rivian is taking a major step toward in-house self-driving technology with a new AI chip and autonomy platform that sparked a sharp rally in the stock. Key Points * Rivian introduced a custom AI chip
Earnings
RH beat revenue expectations but missed earnings estimates for the quarter. Guidance for next quarter came in light, but free cash flow improved sharply. Investors appear focused on long-term growth initiatives, including international expansion.