TLDR

MARKET RECAP → Stocks slid on Thursday as investors braced themselves for Fed Chair Jerome Powell’s speech at the bank’s annual Jackson Hole conference on Friday.

PELOTON'S SURPRISE REBOUND → 🚴‍♂️ Peloton's (PTON) shares soared 40% after better-than-expected Q4 2024 earnings, driven by cost-cutting measures and a renewed focus on profitability, signaling potential for a turnaround.

PERPLEXITY AI ENTERS AD SPACE → 💻 Perplexity AI will start running search ads in Q4 2024, aiming to monetize its growing platform and challenge established ad tech giants by tapping into its AI-driven user base.

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MARKETS

Today’s S&P 500 Heatmap

Notable Earnings This Week

TODAY’S TOP NEWS

Peloton's Surprise Rebound

🚴‍♂️ Peloton (PTON) reported better-than-expected Q4 2024 earnings, leading to a 40% surge in shares as the company showed signs of stabilizing after a tough year.

📈 Despite challenges, Peloton's cost-cutting measures and renewed focus on profitability helped improve investor sentiment, signaling a potential turnaround.

💼 The company remained cautiously optimistic, focusing on sustaining momentum while addressing ongoing operational issues to maintain this positive trajectory.

TODAY’S TOP NEWS

Perplexity AI Enters Ad Space

💻 Perplexity AI announced plans to start running search ads in Q4 2024, marking its entry into the competitive ad tech market, and potentially challenging established players.

📈 The move aimed to monetize its AI-driven search engine, signaling confidence in its growing user base and the ability to attract advertisers looking for new platforms.

💡 This strategy reflected Perplexity AI's ambition to diversify revenue streams while continuing to innovate in the rapidly evolving AI and search technology sectors.

BULL VS. BEAR

NOTABLE POSTS

KEEP READING

Here’s everything to expect from Fed Chair Powell’s speech Friday in Jackson Hole (CNBC)

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• Vimcal — Lightning-fast calendar and AI scheduling assistant

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