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DAILY ECONOMY REPORT

Tuesday, July 28, 2026 | EST. 2026
TOP STORY COCA-COLA IS ABOUT TO REPORT EARNINGS. HERE'S WHAT TO EXPECT
‘Picks and shovels’ trade comes unstuck as AI hardware stocks plunge on competitive threat from China South Korea’s Kospi index sinks more than 9% on heavy selling of chipmaking stocks Tech Stocks Tumble on Worries About A.I. Spending and China’s Chip Competition

Cost of Living

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Public Control or ‘20th-Century Socialism’? U.K. Debates a Different Way. NYT Business
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Yes, it's possible to save money while paying off credit card debt. Here's how NPR Economy
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The biggest weather risk for homeowners? It's no longer hurricanes. CBS MoneyWatch
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IMF chief says Argentina is better positioned to meet debt obligations under Milei ABC News
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NYC-run grocery stores will sell meat, other basics at 30% off, Mamdani says Washington Post
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Buying a home during the housing affordability crisis CBS MoneyWatch
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Albertsons stock plunges as it says weaker grocery spending will cut into sales and earnings CNBC Investing
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Jamie Dimon says markets underestimate risks and he wouldn't buy stocks or Treasurys at current prices CNBC Finance

Money & Markets

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‘Time will tell whether that was a good bet’: My adviser got me a full SpaceX IPO allocation. Was I lucky? MarketWatch
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More cracks emerge in AI-related bonds as Meta, Microsoft earnings loom MarketWatch
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Stocks drift on Wall Street and crude oil prices drop as Mideast tensions cool ABC News
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Julie Masino, Cracker Barrel CEO Who Oversaw Logo Change, Steps Down NYT Business
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CME launches single stock futures enabling investors to trade SpaceX, Micron and others 23 hours a day CNBC Finance
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Oil prices tumble, stock set to rise amid pause in U.S.-Iran fighting CBS MoneyWatch
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Even China’s A.I. Powerhouses Can’t Figure Out How to Profit Off A.I. NYT Business
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Cracker Barrel CEO who oversaw controversial logo redesign to step down CBS MoneyWatch