The July Consumer Price Index showed a slight acceleration in core inflation due to tariffs. Components like medical care, airline fees, and used cars increased. Core inflation rate met estimates, but the market is cautious about the Fed’s rate cuts. Stock dives include CoreWeave, reporting earnings, and Intel’s positive response from President Trump.

CoreWeave’s stock tripled since its March IPO, facing high expectations for earnings. Revenue, backlog, and earnings need to beat estimates. The IPO lock-up expires soon, freeing up 83% of shares. CoreWeave’s valuation is high, with no room for error.

Intel’s shares rose after Trump’s positive meeting with CEO Lip-Bu Tan. Despite the upside, Intel faces challenges in AI chip development. The company’s stock is down 58% in the past five years, reflecting fundamental issues. Groq CEO emphasizes the importance of Intel to the US tech industry.

Intel acknowledges the need to address systemic issues to strengthen the company. Trump and Tan’s meeting focused on US tech leadership. Intel faces a challenging future in the fast-paced AI chip industry. Follow Brian Sozzi for more insights on tech and financial news. 1. The unemployment rate in the United States has dropped to 3.9% in the month of April, the lowest it has been since the pandemic began. This has resulted in the addition of 266,000 jobs to the economy, exceeding economists’ expectations.

2. The FDA has granted emergency use authorization for the Pfizer-BioNTech COVID-19 vaccine to be administered to adolescents aged 12 to 15. This decision comes after a successful clinical trial showed the vaccine to be safe and effective in this age group.

3. In international news, tensions continue to rise in the Middle East as conflict escalates between Israel and Palestine. The violence has resulted in numerous casualties and extensive damage to infrastructure, prompting calls for de-escalation and diplomatic solutions from world leaders.

4. The Colonial Pipeline, a major fuel pipeline in the United States, was temporarily shut down due to a cyberattack by a criminal group known as DarkSide. This attack has caused disruptions in fuel supply and led to concerns about potential price increases at the gas pump.

Read more at Yahoo Finance: Intel is still a hot mess: Opening Bid top takeaway