- MoneyLion Markets Daily Newsletter
- Posts
- Mars Attacks 🍫
Mars Attacks 🍫
TLDR
MARKET RECAP → The Dow Jones (DIA) edged higher on Wednesday following the release of positive U.S. inflation data.
Inflation Ticked Up → 📊 July 2024 saw inflation rise slightly to 2.9%, with food and housing costs climbing, while energy prices stayed steady—offering a mixed bag for consumers and policymakers alike.
Mars Takes A Big Bite → 🍫 Mars made a $36 billion move to acquire Kellanova, expanding its reach beyond candy into health-focused snacks, signaling a major industry shift and sweetening its portfolio for the future.
Was this email forwarded to you? Sign up for free here.
TODAY’S TOP NEWS
Inflation Ticked Up
📊 Inflation in July 2024 edged up to 2.9% year-over-year, as reported by the U.S. Bureau of Labor Statistics, signaling a slight increase in consumer prices across various categories.
🛒 Notable price hikes were seen in essential goods like food and housing, while energy costs remained relatively stable, reflecting mixed trends in different sectors of the economy.
💼 The data suggested that while inflation pressures persisted, they were not as severe as previous months, giving policymakers a bit of breathing room in their economic strategies.
TODAY’S TOP NEWS
Mars Takes A Big Bite
🍫 Sweet Deal: Mars announced its acquisition of Kellanova in a $36 billion deal, aiming to expand its portfolio beyond confectionery into the wellness and snack sectors. The move was part of Mars' broader strategy to diversify its offerings and gain a stronger foothold in the health-conscious market.
📈 Strategic Move: This acquisition aligned with Mars' long-term growth plans, allowing it to tap into Kellanova’s established brands and global reach. The combined expertise promised synergies that could drive innovation and market expansion.
💼 Industry Impact: The deal marked one of the largest in the sector, setting a precedent for future mergers. Analysts viewed this as a significant shift in the industry, with Mars positioning itself as a formidable player beyond candy.
NOTABLE POSTS
The investment banking analyst that keeps giving
— Overheard on Wall Street (@OHWallStreet)
8:02 AM • Aug 13, 2024
Waiting to say “nothing from me thanks” at the end of a call.
— Freak in the Sheets (@FreakinDSheet)
1:24 PM • Aug 14, 2024
BREAKING: Hackers may have stolen the Social Security numbers of every American from National Public Data, around 2.9 billion records, per the LA Times
— unusual_whales (@unusual_whales)
7:12 PM • Aug 14, 2024
KEEP READING
Mortgage refinancing surges 35% in one week, as interest rates hit lowest level in over a year (CNBC)
Reddit’s increased reliance on Google traffic has Wall Street anxious to see if visitors sign up (CNBC)
World’s largest sovereign wealth fund posts $138 billion in first-half profit as AI demand boosts tech (CNBC)
Dip buyers vindicated as CPI report revives economic ‘soft landing’ scenario (CNBC)
Texas sues General Motors, alleging illegal selling of driver data(CNN)
Paris Olympics ratings soar 82% over Tokyo Games, delivering big boost to NBC’s Peacock streamer (CNN)
WHAT WE’RE WATCHING
OUR FAVORITE TOOLS & RESOURCES
Quiver Quantitative — Quiver allows retail investors to tap into the power of big data with insights into things like congressional trades as they are disclosed
Perplexity — Perplexity AI is an AI-chatbot-powered research and conversational search engine
The Market Ear — Live news, analysis and commentary on what moves markets and trading
Coinmarketcap.com — Crypto market data
Finviz — Financial visualizations
Trading Economics — Economic calendar
CME FedWatch Tool — Market-implied probabilities of future levels of interest rates
Dataroma — Track stock picks and portfolios of legendary value investors such as Warren Buffett
ChatGPT — Large language model-based chatbot powered by generative AI
Notion AI — Notion AI is a writing assistant that can help you write, brainstorm, edit, summarize, and more
Vimcal — Lightning-fast calendar and AI scheduling assistant
The Bull vs. Bear Merchandise Promotion is a limited time campaign that begins on December 1, 2023 at 12:00 AM ET and ends on the date that there are no more Rewards. This Promotion is available to any registered MoneyLion user who is a legal resident of the 50 United States or the District of Columbia and who has reached the age of majority in their state as of the beginning of the Promotional Period. See terms and conditions here.
This advertising email was sent to you because you have a MoneyLion account. If you would like to unsubscribe, please do so using this link. We respect your right to privacy. Please do not reply to this email with sensitive information, such as an account number, Social Security number, date of birth, bank account information, PIN, password, or Online ID. The security and confidentiality of your personal information is important to us. If you have any questions or want to read more, please visit our Help Center.
MoneyLion and Pathward do not provide, nor do they guarantee, any third-party product, service, information, or recommendation. The third parties providing these products or services are solely responsible for them, as well as all other content on their websites. MoneyLion is not liable for any third party’s failure with regard to those advertised products, services, and benefits. These advertised products and services may not be FDIC insured or bank-guaranteed, and may be subject to a different privacy policy than MoneyLion’s. You should check individual offers, products, and services to become familiar with any applicable restrictions or conditions that may apply. MoneyLion may receive compensation from third parties for referring you to the third party, their products or to their website.
The influencer, creator and other content provided in the MoneyLion App (“Content”) is for informational and entertainment purposes only and should not be construed as legal, tax, investment, financial, or other advice. All Content is intended to be of a general nature, does not address the circumstances of any particular individual or entity, and may not constitute a comprehensive or complete statement of the matters discussed. MoneyLion is not a fiduciary by virtue of any person’s use of or reliance on the Content. You should consult an appropriate professional if you require any legal, tax, investment, financial or other advice. Terms and Conditions for our subscriber referral can be found here.