US industrial production eked out a 0.1% gain in August after falling 0.4% in July, the Federal Reserve reported on Tuesday. The modest rise reflected a recovery in manufacturing and mining activity, though weakness in utilities limited overall growth. ...

Core Insights - The YieldMax Ultra Option Income Strategy ETF (ULTY) has performed exceptionally well this year, currently trading at its highest point on record [1] - ULTY is priced at $5.62, reflecting an increase of over 54% from its lowest level in April [1]

Core Points - The S&P 500 reached a new record high of 6,624.13, increasing by 0.1% as the Federal Reserve's two-day policy meeting commenced [1] - The Nasdaq Composite also experienced gains, contributing to the overall positive market sentiment [1] Market Performance - The S&P 500 index rose to an intraday high, indicating strong investor confidence ahead of the Federal Reserve's policy decisions [1] - The overall market performance reflects a bullish trend, with major indices showing upward movement [1]

Core Insights - US retail sales increased by 0.6% in August, surpassing economists' expectations of a 0.2% rise, indicating strong consumer spending despite broader economic weaknesses [1] Retail Sales Performance - The Census Bureau's report highlights a significant growth in retail sales, reflecting consumer resilience [1]

Core Viewpoint - Cathie Wood's Ark Innovation Fund (ARKK) has seen a significant increase in stock price this year, reaching its highest level since 2022, driven by the performance of technology companies [1]. Group 1 - The ARKK ETF stock was trading at a notable level, reflecting strong investor interest and confidence in technology sectors [1].

Core Viewpoint - Hershey shares experienced a 3% increase in premarket trading following a double upgrade from Goldman Sachs, which raised its rating from sell to buy and increased its price target from $170 to $222 [1] Company Summary - Goldman Sachs issued a rare double upgrade for Hershey, indicating a significant shift in sentiment towards the chocolate maker [1] - The new price target of $222 represents a substantial increase from the previous target of $170, reflecting positive expectations for the company's future performance [1]

Core Viewpoint - Shares of Webtoon Entertainment experienced a significant increase following Disney's announcement to acquire a minority stake in the company and collaborate on developing a new digital platform [1] Company Summary - Webtoon Entertainment is a South Korean storytech company that focuses on digital content [1] - The acquisition by Disney indicates a strategic partnership aimed at enhancing Webtoon’s platform and expanding its market reach [1] Industry Summary - The digital content industry is witnessing increased interest from major players like Disney, highlighting the growing importance of digital storytelling and content consumption [1] - The collaboration between a traditional media giant and a digital content provider reflects the ongoing trend of convergence in the entertainment industry [1]

Core Viewpoint - The US National Highway Traffic Safety Administration (NHTSA) has initiated a preliminary evaluation of Tesla Inc.'s Model Y vehicles from the 2021 model year due to reports of electronic issues [1] Group 1 - The evaluation is part of NHTSA's ongoing efforts to ensure vehicle safety and address consumer complaints regarding potential electronic malfunctions in Tesla's Model Y [1] - This action reflects the regulatory scrutiny that Tesla faces as it continues to expand its electric vehicle offerings in the market [1] - The preliminary evaluation may lead to further investigations or recalls if significant safety concerns are identified [1]

US President Donald Trump has launched a bombshell legal attack against one of America's most iconic newspapers. Trump is suing The New York Times for $15 billion, accusing the paper of relentlessly p... ...

Oracle is poised to play a key role in a new framework deal aimed at keeping TikTok operational in the United States, according to CBS report. The discussions between the US and China seek to address Washington's concerns about data security while allowing TikTok to continue serving its sizable American user base. ...