Stock Market Winners & Losers: Stock Wait for Thursday Inflation Report | Wendy’s Says They Will Not implement Surge-Pricing | Apple’s Electric Car Crash
Loser: Stocks Wait For Thursday Inflation Report
The stock market saw a retreat after a mixed close, with caution prevailing before an important inflation report that could impact expectations for interest rate cuts. Despite this, there's optimism near all-time highs, echoed with a reference to Bob Marley's reassurance. Expectations for consolidation follow a significant uptrend, especially notable with the Nasdaq Composite nearing an all-time high close. However, weakness in mega-cap stocks is observed, suggesting challenges for larger companies.
Winner: Wendy’s Says They Will Not implement Surge-Pricing
Winner: Apple's electric car crash
Apple has decided to end its secretive electric vehicle project, known as Project Titan, which involved nearly 2,000 employees. This decision is significant, as it terminates a multibillion-dollar effort that aimed to enter Apple into the automotive industry. Suggestions are made that Apple could potentially acquire struggling companies like Rivian or Lucis, which might face bankruptcy in the future. This move is consistent with Apple's history of shelving projects that never materialized publicly.
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