This morning, stock futures are lower as all three major indexes broke their three-day losing streak:
1. X marks the spot
SpaceX shares rose 3% yesterday, snapping a seven-day losing streak. The Elon Musk-led rocket company announced it will release its debut earnings report on August 4:
- SpaceX investors will be able to sell at least 20% of their locked-up shares on August 6:
- Short sellers' bets against SpaceX now account for nearly a third:
- SpaceX shares are down more than 23% from their debut closing prices:
2. Oil prices rise
Brent crude futures topped $95 per barrel this morning:
3. New tariffs
The U.S. Trade Representative indicated that the U.S. may impose new tariffs:
4. Cybersecurity risks
The Federal Reserve warned banks about cybersecurity risks tied to Anthropic's AI model:
5. Workforce initiative
Google, BlackRock, Carhartt, and Ford are teaming up on a skilled trades workforce initiative:
