| Our PureVest Weekly Roundup focuses on the consumer this week—a jump in retail sales, the lowest inflation readings in 3 years, and solid earnings from Walmart. Fears of a slowing economy were silenced this week… at least for now, following these announcements. Starbucks announced that Chipotle’s CEO is taking over as new CEO to try and fix struggling sales. We also added a few articles that look at the state of streaming services. Cutting the cord is getting more expensive, and streaming providers continue to steal market share from traditional media providers. Enjoy the light reading, and have a great weekend! |
| Markets & Economy: Consumer spending jumped in July as retail sales were up 1%, much better than expected source:www.cnbc.com Inflation drops below 3% for the first time since 2021 source:www.axios.com Walmart beats sales, raises outlook as higher-income consumers continue to turn to the retail giant source:www.yahoofinance.com Starbucks’ CEO is out. Chipotle’s Brian Niccol is taking over source:www.cnn.com Streaming is getting more expensive for consumers. Here’s why source:www.cnbc.com Paramount Global announces it will cut 15% of U.S. workforce, shares rise on second-quarter earnings source:www.cnbc.com In a reversal, Disney’s media assets are starting to generate more excitement than its parks source:www.cnbc.com PureVest Webinar: If you missed it last week, below is a link to our First Half Recap & Second Half Preview Webinar WEBINAR |