Stock Market Winners & Losers: Stocks Slight Change, Inflation Rate Slows to 2.9% | Back-to-School Shopping | Cowboys Lead NFL Franchise at $10.32B Valuation
Stocks were flat as the annual inflation rate dropped to 2.9%, the lowest since 2021. Mars announced a $36 billion deal to acquire snack maker Kellanova, adding brands like Pringles and Cheez-Its to its portfolio.
Back-to-school shopping is underway, with families spending an average of $874.68 on supplies, totaling $38.8 billion. College students are expected to spend more, with total spending projected at $86.6 billion. Credit card debt will influence nearly 75% of shoppers.
The Dallas Cowboys became the first sports franchise valued at over $10 billion, leading the NFL’s collective worth of $190 billion.
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