What’s News in Markets: Inflation Cools, Oil Refiners Push Stocks Up, Reddit Joins S&P 500

What’s News in Markets: Inflation Cools, Oil Refiners Push Stocks Up, Reddit Joins S&P 500

What’s the latest on inflation? And what’s pushing shares of old-school energy companies higher? Plus, why is Reddit joining the S&P 500? Host Shradha Dinesh [https://www.wsj.com/news/author/shradha-dinesh?mod=WSJ_WNPOD] discusses the biggest stock moves of the week and the news that drove them. Sign up for the WSJ's free Markets A.M. newsletter [https://www.wsj.com/newsletters/markets-am?mod=WSJ_WNPOD]. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com [https://pcm.adswizz.com] for information about our collection and use of personal data for advertising.

Investors Are Holding $3 Trillion in Cash. Money Managers Aren’t Happy.

P.M. Edition for Aug. 14. Money managers have a problem: Clients are holding near-record amounts in cash—by one estimate more than $3 trillion. Miriam Gottfried [https://www.wsj.com/news/author/miriam-gottfried?mod=WSJ_WNPOD], a reporter and co-host of WSJ’s Take On the Week podcast, explains why this is happening [https://www.wsj.com/personal-finance/wealth-management-has-a-3-trillion-problem-investors-are-keeping-too-much-cash-ba18dbaf?mod=WSJ_WNPOD] and what financial planners are pushing their clients to do instead. Plus, two pieces of data—July retail sales [https://www.wsj.com/economy/weak-retail-sales-number-adds-to-softening-economic-data-c047dce9?mod=WSJ_WNPOD] and the preliminary August reading of the University of Michigan’s consumer sentiment survey [https://www.wsj.com/economy/consumers/consumer-sentiment-has-dropped-in-august-per-michigan-survey-f2960646?mod=WSJ_WNPOD]—came in lower than expected. WSJ economics reporter Matt Grossman [https://www.wsj.com/news/author/matt-grossman?mod=WSJ_WNPOD] says that is painting a picture of a weaker U.S. economy. And AI slop is everywhere, making it hard to know what’s real online. We hear from WSJ personal tech columnist Nicole Nguyen [https://www.wsj.com/news/author/nicole-nguyen?mod=WSJ_WNPOD] about the inspiration for her recent special Tech News Briefing podcast series, “AI and the Blurring of Reality [https://www.wsj.com/tech/ai/ai-and-the-blurring-of-reality-480c24da?mod=WSJ_WNPOD].” Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter [https://www.wsj.com/newsletters/whats-news?mod=WSJ_WNPOD]. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com [https://pcm.adswizz.com] for information about our collection and use of personal data for advertising.

Tyson Pulls Back From the Beleaguered Beef Business

A.M. Edition for Aug. 14. Meatpacking giant Tyson Foods is planning to close a major beef processing plant [https://www.wsj.com/business/tyson-foods-to-exit-more-beef-plants-with-cattle-in-short-supply-2ebd2c41?mod=WSJ_WNPOD], its latest bid to cut costs as the industry tries to cope with a yearslong cattle shortage. Plus, President Trump turns to tariffs [https://www.wsj.com/economy/trade/trump-announces-drone-tariffs-to-protect-national-security-bolster-u-s-supply-chains-87bab5b8?mod=WSJ_WNPOD] to try and reshore drone production. And WSJ South Asia bureau chief Tripti Lahiri [https://www.wsj.com/news/author/tripti-lahiri?mod=WSJ_WNPOD] takes us inside the frantic scramble for work in India, where thousands of young people are competing for each new job. Luke Vargas hosts. Sign up for the WSJ’s free What’s News newsletter [https://www.wsj.com/newsletters/whats-news?mod=WSJ_WNPOD]. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com [https://pcm.adswizz.com] for information about our collection and use of personal data for advertising.

Trouble Scoring a Restaurant Reservation? Blame the Apps.

P.M. Edition for Aug. 13. The U.S. is sending a fresh aircraft carrier [https://www.wsj.com/politics/national-security/u-s-sending-fresh-aircraft-carrier-to-middle-east-amid-iran-war-strain-d0d6e98d?mod=WSJ_WNPOD] to the Middle East amid growing concerns over living conditions aboard the carrier currently stationed there, the USS Abraham Lincoln. Plus, seven months into the U.S. energy blockade against Cuba, everyday people are struggling to sleep [https://www.wsj.com/world/americas/cuba-power-outage-experiences-46954f83?mod=WSJ_WNPOD] in the heat and to afford food as blackouts persist. We hear from Journal reporter José de Córdoba [https://www.wsj.com/news/author/jose-decordoba?mod=WSJ_WNPOD] about what he is hearing from people across the country. And the proliferation of restaurant reservation apps have made it a nightmare for diners [https://www.wsj.com/business/restaurant-reservation-apps-30a29e6b?mod=WSJ_WNPOD] to get a table at a buzzy restaurant. Reporter Heather Haddon [https://www.wsj.com/news/author/heather-haddon?mod=WSJ_WNPOD] explains why restaurants keep doing business with the apps. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter [https://www.wsj.com/newsletters/whats-news?mod=WSJ_WNPOD]. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com [https://pcm.adswizz.com] for information about our collection and use of personal data for advertising.

How North Koreans Are Infiltrating American Businesses

A.M. Edition for Aug. 13. A Journal investigation [https://www.wsj.com/business/media/inside-north-koreas-operation-to-conquer-the-american-job-market-93729962?mod=WSJ_WNPOD] finds that thousands of North Korean operatives have landed jobs at American companies and are funneling millions of dollars back to the regime. Plus, big businesses like Apple and FedEx start reeling in hundreds of millions in tariff refunds [https://www.wsj.com/business/telecom/tariff-refunds-are-hereand-turbocharging-earnings-1af269a2?mod=WSJ_WNPOD]. And the WSJ’s Stu Woo [https://www.wsj.com/news/author/stu-woo?mod=WSJ_WNPOD] details how American chatbots are towing Beijing’s party line [https://www.wsj.com/tech/ai/chinese-censorship-is-leaking-into-answers-from-american-ai-62abeca5?mod=WSJ_WNPOD]. Luke Vargas hosts. Sign up for the WSJ’s free What’s News newsletter [https://www.wsj.com/newsletters/whats-news?mod=WSJ_WNPOD]. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com [https://pcm.adswizz.com] for information about our collection and use of personal data for advertising.