Icahn Stock Plunge, Jobs Disappoint, GM vs. UAW (+6 more stories)

The Daily Business and Finance Show - Friday, 4 August 2023We get our business and finance news from Seeking Alpha and you should too! Subscribe to Seeking Alpha Premium for more in-depth market news and help support this podcast. Free for 14-days!

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Today's headlines:

• Icahn Enterprises stock slides 31% after company halves quarterly distribution to $1 per unit
• U.S. jobs growth in July comes in lower than expected, unemployment falls further
• General Motors pushes back on UAW demands as labor pains grow
• Apple tumbles on worries over iPhone; Wall Street defends
• Fortinet plummets as analysts express concerns after full-year guidance cut
• Petrobras Q2 profit plunges on lower oil price, diesel crack spreads
• U.S.-China relations said to be thawing after diplomatic efforts: FT
• Icahn Enterprises drops in after hours amid disclosure of SEC inquiry
• U.S. drilling rig count falls again, Baker Hughes says

Explanations from OpenAI ChatGPT API with proprietary prompts.

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