US initial jobless claims for the week ending July 29
- Prior was 244K (revised to 245K)
- Continuing claims 1968K vs 1965K prior
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Scholastic's revenue dips 1.9%, but FCF jumps to $407M. Stock up 7.6% post-earnings.
No US crude export ban despite $110 Brent! Producers fear lost revenue, consumers see no price relief.
Oil price swings dictate market moves; S&P 500 down 0.3%, Dow 0.4%, Nasdaq 0.3%.
Canada revokes 47 crypto licenses for AML failures; fines hit $140M. Risk up for non-compliant firms.
LMT dips 2.5% despite Greece's $36B defense deal; year-to-date gains at 33%.
Evernorth aims for XRP treasury, valued at $685M. Initial XRP purchase value halved; investors see attractive entry valuation.
Oil spikes hit supply chains & margins. Asset-light firms & strong brands are resilient. Watch freight costs!
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