Wall Street Breakfast

CPI will give Federal Reserve new data on fight against inflation (00:28). Alphabet (GOOGL) (GOOG) to be slapped with ‘massive’ EU antitrust penalty - report (01:45). FTC files for injunction to block Microsoft (MSFT) acquisition of Activision (ATVI).(02:20)

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China mulls stimulus measures to boost economy, central bank cuts key policy rate
Apple cut to Neutral at UBS on softer iPhone and services growth in H2
Cineplex says QTD box office revenues at about 88% of same period pre-pandemic
U.S. federal budget deficit comes in wider than expected in May
Intel in talks to be anchor investor in chip designer Arm - report
Oracle rises to all-time high as cloud growth aids earnings beat
Chegg announces workforce reduction amid AI-driven strategy shift
Catalyst watch: AI talk from Salesforce and AMD, Shell event and Oracle earnings