Cooling CPI Boosts Fed Rate Cut Odds; Tesla's Faith-Based Valuation (+6 more stories)

The Daily Business and Finance Show - Thursday, 11 July 2024 We get our business and finance news from Seeking Alpha and you should too! Subscribe to Seeking Alpha Premium for more in-depth market news and help support this podcast. Free for 14-days! Please click here for more info: Subscribe to Seeking Alpha Premium News Today's headlines: CPI continues to cool in June, building case for Fed rate cut in September Odds of September rate cut surge to nearly 90% as inflation cools faster than expected Tesla is a ‘faith-based stock’ with fundamentals not grounded in the near-term - DataTrek Nvidia’s “magnificent” rally has reached levels rarely seen in history - analyst Costco is expected to reinvest back in the business with the higher membership fee revenue Tesla falls 7% on reports that the robotaxi event is delayed until October Pfizer advances development of once-daily weight-loss pill Amazon's Bezos sells another $452.7M worth of stock Delta leads the airline sector lower after warning of lower fare discounting Explanations from OpenAI ChatGPT API with proprietary prompts. This podcast provides information only and should not be construed as financial or business advice. This podcast is produced by Klassic Studios Learn more about your ad choices. Visit megaphone.fm/adchoices