Stock Market Winners & Losers: Stocks Wobble Waiting on Powell Speech | Netflix Integrate Shoppable Emily in Paris
The S&P 500 is nearing record levels, sitting within 0.5% of its peak, as investors anticipate Federal Reserve Chair Jerome Powell's upcoming speech at the Jackson Hole Economic Symposium for insights on rate policy. If Thursday ends positively, the S&P 500 and Nasdaq will have marked their 10th positive day out of the last 11.
In other news, July home sales rose for the first time in five months. Beyoncé is launching a new whiskey, SirDavis, in partnership with Moet Hennessy. Adult diaper sales are projected to grow 8% annually, contrasting with a 1% decline in baby diaper sales, reflecting changing demographics.
Netflix is innovating with "shoppable pause ads" in its show "Emily in Paris," allowing viewers to purchase fashion items worn by characters directly through the show. This initiative is part of Netflix's strategy to tie brands to its content, following co-marketing campaigns with Geico, Domino’s, and Old Spice. Netflix’s ad-supported tier grew by 34% in Q2.
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