Big news on Wall St

The Olympics and CrowdStrike have opened Q3 with a bang that’s seen some single stocks triumphant while others go back to the drawing board. With the US elections taking place in November, how can we expect the overall markets to respond?

Kiwi athletes are not the only ones aiming for Olympic gold in Paris. Nike is pinning hopes on the ‘pinnacle’ event to gain exposure, with the Olympic Committee for the first time allowing non-sponsor brands to post Olympic content in social media. Could the Games help Nike reach for gold, up from their expected 10% sales dip?

It’s been called ‘killer AI’ and ‘groundbreaking’, but is Apple’s play for AI supremacy a simple game of catch up? Or has Apple changed the AI game forever? The difference between Apple Intelligence and other Big Tech AI is their custom silicon chip built into Apple devices. The result is seamless, high speed, accurate AI integration. So what does it mean for investors?

Following Ticketmaster’s Taylor Swift ticketing blunder, Tay-Tay's fans united fans to sue music event behemoth Live Nation. Now, after two years of investigation, the US Department of Justice has banded together with nearly 30 US states and have sued parent, Live Nation Entertainment. So what do they allege, and can they win?

McDonald’s CEO Chris Kempczinski says they’re feeling the loss of low earning customers during the high cost of living, promising to bring back value dining, as well as creating their biggest burger ever. But one financial analyst has dug into the data, and he tells a different story.

Big banks have kicked off quarterly earnings season in the US markets, but JPMorgan CEO Jamie Dimon’s sobering shareholder letter sent the bank stocks tumbling sector-wide last week. But there is still investor optimism in the global financial powerhouses, with stock soars in the past six months that even rival some Big Tech.

Disney beat Nelson Peltz in his battle for boardroom control, ending years of struggles that kicked off during Covid. Retired CEO Bob Iger returned to bring the legacy entertainer back from big losses, but he can’t stay forever. So what happened behind closed doors during the failed hostile takeover?

Using AI in healthcare may save billions of dollars and save lives. Researchers are developing AI treatments for everything, from cancer and infertility, to schizophrenia and Alzheimer’s. AI language models may even be helping to create new proteins. And Big Tech is all in.

From meme stock to market debut, Reddit’s IPO bolted out of the gates after landing on the NYSE. Reddit stock has jumped 31% since listing, ending the first days of going public reaching nearly US$10 billion market cap. But how does Reddit make money, and why are some Redditors unhappy about proposed AI licensing?

Not even Boeing’s defence operations can stop the aircraft maker from facing a wave of scrutiny. Legal issues are costing billions, their stock keeps dropping and now pilots don’t feel safe. But Boeing is the world’s fifth largest defence company. So what happened to ‘If it’s not Boeing, I’m not going?'

While all eyes pivots towards AI, iconic US fashion brand Abercrombie & Fitch has surged ahead of even Nvidia. Steady cotton pricing and low transportation costs have contributed, but surprise behaviour by Gen Z has put them head and shoulders above the rest. In 2024, what could the combination of the youth consumer and AI bring?

Big Tech is driving the US share markets but competition is fast and furious. Virtual assistants, text-to-image, video and now music are challenging employers, workers and productivity. Now humanoid robots might be coming for our jobs. What’s the latest in the fast-moving world of AI and robotic tech?