OurPureVest Weekly Roundup looked at the latest GDP report, which showed the U.S. economy growing 3.8% in the second quarter. Jobless claims also dropped, despite some concerns about a slowing labor market.  Starbucks and Nike announced restructuring plans as their new CEOs work to turnaround their struggling stocks. President Trump signed an executive order as he continues efforts to bring TikTok under U.S. ownership. We also included an article that explains the key differences between ETFs and mutual funds.  Enjoy the quick read, and have a great weekend!

Markets & Economy: US economic growth rate beats estimate source:fttimes.com President Trump Signs Order to Bring TikTok Under US Ownership source:investopedia.com Starbucks to close hundreds of stores, lay off 900 workers as part of turnaround plan source:apnews.com Tax savings from Trump’s $40,000 SALT deduction limit could be highest in these states source:www.cnbc.com Jobless claims tumble to 218,000, well below estimate despite fears of labor market weakness source:www.cnbc.com Nike’s 2025 Comeback: How the Sneaker Stock Is Approaching Break-Even source:investopedia.com Nvidia’s $100 billion OpenAI deal showcases chipmaker’s growing investment portfolio source:cnbc.com ETFs vs. mutual funds: Key differences for investors source:cnbc.com