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You won't find Warren Buffett chasing the latest stock market trend, but many of the stocks held in Berkshire Hathaway's portfolio are benefiting from artificial intelligence (AI)...

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Sector Update: Tech Stocks Higher Late Afternoon...

In today's episode of Catalysts, hosts Brian Sozzi and Brad Smith delve into the biggest developments across the retail sector, notable stock movements in Friday's trading, and the results of yesterday's UK election where the Labour Party achieved a landslide victory. The show kicks off with major retail news: HBC, the parent company of Saks Fifth Avenue, has struck a deal to acquire luxury powerhouse Neiman Marcus. Sozzi and Smith explore the potential ramifications of this merger on the luxury retail landscape. The focus then shifts to analyzing stock reactions of trending tickers. Notably, Tesla (TSLA) shares have surged by an impressive 20%, while Evercore ISI analysts maintain a bullish sentiment on Apple (AAPL). In the wake of the Labour Party's big win over in Britain, Rabobank's head of FX strategy Jane Foley joins the show to discuss the implications of this political shift for the UK economy. Pangaea Policy founder Terry Haines also comes on to discuss the greater political ramifications around the UK election and current doubts around President Biden's candidacy in his US reelection efforts. This post was written by Angel Smith...

Will Masimo (MASI) lose its CEO in its fight against activist investor Politan Capital Management? The company's management and employees want Joe Kiani to continue as the CEO...

Fortnite maker Epic Games has hit a stumbling block in its plans to bring the company's alternative app store, the Epic Games Store, to the EU. As now permitted by the EU's Digital Markets Act (DMA), Epic Games announced earlier this year it planned to bring both the digital storefront and its flagship game, Fortnite, back to iOS in Europe. Now, Epic says Apple has rejected its submission twice over concerns that its Games Store looked too much like Apple's own App Store. According to posts on X...

The Fortnite maker said Apple was being ‘obstructive’ over Epic’s efforts to launch its own app store for iPhones and iPads...

Tesla (TSLA) stock continues its upward trajectory, buoyed by the company's second quarter delivery performance that surpassed analyst expectations. Tesla shares have surged approximately 20% over just five trading days. This rally comes as anticipation builds for Tesla's upcoming robotaxi event, scheduled for August 8. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith...