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Happy Friday. If you have been following meme stocking, wendy’sthe fast food chain’s price hike did not extend to the second day.
Stock futures are falling this morning. of S&P500 Yesterday ended almost flat.
Here are five important things investors need to know to start their trading day.
1. Lost Memories
A new Apple Mac Studio computer and Studio Display are on display shortly after launch at the Apple Store on Fifth Avenue in Manhattan on March 18, 2022 in New York City, New York.
Mike Seeger | Reuters
flat micron’Significant increase after earnings failed to turn around Nasdaq Composite Around yesterday. The tech-heavy index fell for the fourth day in a row, the longest decline since February.
Here’s what you need to know:
appleThe company, one of the world’s biggest stocks, fell more than 6% in its worst day in more than a year after announcing price hikes for iPads and MacBooks. Mega Cap Hi-tech Pier microsoft It also fell 3.5% after the company announced it would increase the price of Xbox game consoles. The companies cited rising memory costs as one of the reasons for the price increases, pointing to how AI demand for memory chips is driving up prices for some devices. Memory chip maker Micron rose more than 15% yesterday after a big earnings report. But the company and other chipmakers are falling this morning after reports that OpenAI is considering postponing its IPO, with the Nasdaq on pace to end the week down more than 4%. Follow live market updates here.
2. Name your price
Austan Goolsby, President and CEO of the Federal Reserve Bank of Chicago, speaks at the Capital Hilton during the 42nd National Business Economics Association Economic Policy Conference on February 24, 2026 in Washington, DC.
Luke Johnson | Getty Images
Fed leaders are focused on what to do about inflation.
Chicago Fed President Austan Goolsby told CNBC yesterday that the problem lies not with the job market side but with the “inflation side” of the central bank’s mission. Meanwhile, New York Fed President Williams said at an event that he expects the inflation rate to start trending downward.
According to data released yesterday, the core personal consumption expenditure price index rose 3.4% year-on-year in May. As CNBC’s Jeff Cox points out, this is the index’s highest level since late 2023.
3. Supreme Court Judgment
Bottles of Roundup, a brand owned by Bayer, can be seen being sold in a New York City store. June 30, 2022.
Andrew Kelly Reuter
The Supreme Court handed down the following judgment yesterday: bayer States cannot sue over state-level claims that they failed to warn about cancer risks associated with their products. Roundup creators and the Trump administration had argued that failure to warn claims were preempted by federal laws regulating pesticides.
As CNBC’s Garrett Downs points out, the 7-2 ruling represents a major victory for Bayer and the White House, but a major blow to the Make America Healthy Again movement that backed Trump in the 2024 election.
The Supreme Court also on Thursday allowed President Trump to lift humanitarian status, which protects hundreds of thousands of Haitian and Syrian immigrants from deportation. The 6-3 ruling overturned rulings by federal judges based in New York and Washington, D.C., that blocked President Trump’s attempt to end his temporary protected status.
4. Pursue new opportunities
Troy Rohrbaugh and Douglas Petno, co-CEOs of JPMorgan Chase’s Commercial and Investment Bank.
Provided by: JPMorgan Chase
JP Morgan Chase We handed out some promotions yesterday. The bank said in a regulatory filing that it has promoted Doug Petno and Troy Rohrbaugh to the newly created position of co-president.
As CNBC’s Hugh Song reports, this is the latest step in CEO Jamie Dimon’s succession plan. Dimon said in a statement that the decision to promote Petno and Rohrbaugh reflects the board’s “confidence in their exceptional leadership abilities.” Mr. Petno will now become the sole investment banking executive, while Mr. Rohrbaugh will lead JPMorgan’s consumer and community banking division.
Rohrbaugh will be replacing Marianne Lake, who announced her retirement after 25 years at JPMorgan. Mr. Lake has long been seen as a possible successor to Mr. Dimon.
5. Family unit
A private jet is the ultimate luxury, but it’s clearly not an amenity that many hotels offer. But anyone with $1 million can book a week-long stay for two in a luxury hotel in Abu Dhabi. The package includes a private jet for day trips, such as an excursion to Iran to make your own Persian rugs, and a day trip to Jordan’s Dead Sea, where you spend a day at sea and enjoy an afternoon Anantara spa treatment at Kempinski Hotel Ishtar. Oh, and a “par de” day trip to Bahrain on a private jet.
Photo: Hans Neleman | Stone | Getty Images
Luxury spending is expected to start rising again this year. CNBC’s Robert Frank reports that spending on experiences and the rise of “inheritance” (the trend of wealthy families traveling together and Gen Z adopting their parents’ tastes) are contributing to gratitude.
Spending on luxury experiences is expected to increase by 3% to 7% this year, while sales of luxury goods are expected to increase by only 1% to 4%, according to Bain & Company and Altagamma. Still, such an increase would reverse two years of declines in luxury goods sales.
daily dividend
Here are some articles I recommend rereading over the weekend.
—CNBC’s Sean Conlon, Mackenzie Sigalos, Raya Neelakandan, Jordan Novett, Jeff Cox, Garrett Downs, Hugh Song, Robert Frank and Reuter contributed to this report.
Luke Fountain helped produce this newsletter. Josephine Rozzelle edited this version.
