Plans: Apple looking to launch a self-driving EV in 2025 with a custom chip (AAPL +2.85%)
No Clarity: Macy’s CEO says no decisions have been made yet about spinning off e-commerce unit (M +21.17%)
Downward: Alibaba shares drop as it slashes guidance and earnings plunge on China’s slowdown (BABA -11.13%)
Later Today 🕒
SYSCO Corp Earnings (SYY)
Foot Locker Inc. Earnings (FL)
The Buckle Inc. Earnings (BKE)
Today’s Market Terminology: Arbitrage
Arbitrage is the simultaneous purchase and sale of the same security in different markets to benefit from price variations prevailing in different markets
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