Key News
1. US consumer spending saw its biggest increase in a year; the US core PCE annual rate fell short of expectations, hitting a six-month low.
2. US short-term interest rate futures rose after the economic data release, as traders reduced their bets on a Fed rate hike.
Individual Stock News
1. Reports indicate that Apple (AAPL.O) will aggressively enter the smart home market.
2. Tesla (TSLA.O) signed a $30 billion financing arrangement, including revolving credit and deferred drawdown loans.
3. Faraday Future (FFIE.O) announced further details regarding its "Made in America" acceleration plan.
4. Musk: SpaceX (SPCX.O) and Tesla (TSLA.O) aim to achieve 200 gigawatts of solar power production annually.
5. Paramount (PSKY.O) received $109 billion in subscription demand for its high-grade bond issuance.
6. Anthropic's IPO filing shows that by 2025, approximately one-third of Anthropic's revenue will come from markets outside the US, and less than 20% will come from its subscription business.
7. Pentagon: Boeing (BA.N) wins a contract worth hundreds of billions of dollars for the US Navy's next-generation fighter jet.
8. Salesforce (CRM.N): Signs formal agreement to acquire Listen Labs; the transaction is expected to close in the fourth quarter of fiscal year 2027.
9. According to Variety: Disney (DIS.N) further lays off hundreds of employees.
