Markets Slide, Musk’s OpenAI Drama, and Meta’s $10B Google Cloud Bet
Markets fell for a fifth straight day, with the S&P 500 retreating after its summer highs and the Nasdaq tracking its worst week since May. Nvidia is in talks with Washington about selling advanced chips to China while halting its H20 production. John Deere faces $600 million in tariff costs and weaker demand but continues to outperform the market. Court filings revealed Elon Musk sought Mark Zuckerberg’s help in a failed bid to buy OpenAI, intensifying their rivalry. Cracker Barrel shares dropped 7% after a logo redesign triggered conservative backlash. Xpeng surged 12% as its CEO bought 3 million shares, signaling confidence. CVS Caremark agreed to pay $290 million to settle Medicare fraud allegations. And Meta inked a $10 billion, six-year deal with Google Cloud to support its AI infrastructure, giving Google a big win against Microsoft and Amazon.
🚀 Loving the show? Leave a 5-star rating & review on Apple Podcasts, Spotify, or YouTube to help more people discover it!
📩 Want to master your money in 5 minutes or less each week? Join the Master Money Newsletter → Sign up
📲 Follow Andrew Giancola on Social Media:
🔥 Thanks for tuning in! See you next episode.
Learn more about your ad choices. Visit megaphone.fm/adchoices
