| Our PureVest Weekly Roundup looked at the stronger-than-expected revision to Q2 GDP, which indicated the economy grew at a 3.3% pace. Consumer spending stayed strong, but core inflation numbers rose slightly. NVIDIA reported another solid quarter on Wednesday. Revenues and earnings both increased by more than 50% for the year. They also signaled that no slowdown in AI spending is on the horizon. Affirm stock rallied on Friday after the “buy now, pay later” leader reported earnings; Caterpillar fell as tariffs are expected to impact 2025 earnings. We wrapped it up with some articles to get you ready for the College Football season, which kicks off tomorrow. Enjoy the light reading, and have a great holiday weekend. |
| Markets & Economy: U.S. economy expanded 3.3% in Q2, with growth even stronger than initially thought source:cnbc.com US consumer spending strong; core inflation warmer on services source:reuters.com Nvidia beats on top and bottom lines as company expects breakneck AI spend to continue source:cnbc.com Affirm stock surges 12% as CEO Levchin notes continued consumer strength source:www.cnbc.com YouTube TV, Fox announce agreement on carriage deal ahead of football season source:www.nytimes.com Caterpillar Stock Drops as It Expects Tariffs Hit of Up to $1.8B This Year source:investopedia.com Just For Fun: College football season is here. Here’s what to know ahead of Saturday’s kickoff source:npr.org College Football Players Projected To Earn $1.9 Billion This Season, Report Finds source:forbes.com College Football Rankingssource:espn.com |
