Panasonic Information Systems Secures Access to Thousands of Servers with CyberArk
The Panasonic Group is a Japanese multinational electronics company involved in consumer electronics, home appliances, automotive, industrial systems, and more. Panasonic Information Systems drives the IT strategy for the Group and oversees the planning, development, and operations of its information systems across its business including retail, distribution and manufacturing.
As part of the Panasonic Transformation (PX) initiative, Panasonic Information Systems aimed to address inefficiencies arising from a manual approach to privileged access management across an estate of thousands of Windows and Linux servers, with server administrators also being responsible for inventory checks and asset management enquiries. In addition, Panasonic Information Systems intended to upgrade existing privilege management tools, which offered limited visibility into access requests and approvals.
'One of the key priorities of our digital transformation is strengthening our security defenses globally,' said Hiroshi Yagi, Director, Professional Services Department, Platform Services Division, Panasonic Information Systems Co., Ltd. 'With CyberArk, we have made significant progress by modernizing our approach to privileged access at scale and standardizing security policies throughout the organization.'
Panasonic Information Systems implemented CyberArk Privileged Access Manager, part of the CyberArk Identity Security Platform, to centralize and automate the granting of privileged access to servers across the Group. Panasonic Information Systems now has visibility into who accessed which server, when, and what operations were performed, providing an audit trail and improving post-incident investigations. Credentials and passwords are hidden from users and automatically granted and rotated within CyberArk.
'Threat actors today continue to develop new identity-centric attacks, necessitating a shift in how privileged access is secured,' said Mitsuro Kakizawa, Regional Director, Japan at CyberArk. 'CyberArk has equipped Panasonic Information Systems with the ability to secure privileged access for all identities, in any environment, from anywhere, increasing cyber resilience and allowing for greater operational efficiencies.'
'We're proud to welcome Panasonic Information Systems to our customer community,' said Matt Cohen, Chief Executive Officer of CyberArk. 'In today's modern enterprise, any identity can become privileged at any moment, making it essential to have strong identity security controls in place. That's why leading organizations trust CyberArk to protect their most critical assets.'
Please refer to the following link for details of this case study: https://www.cyberark.com/customer-stories/panasonic/
About CyberArk
CyberArk (NASDAQ: CYBR) is the global leader in identity security, trusted by organizations around the world to secure human and machine identities in the modern enterprise. CyberArk's AI-powered Identity Security Platform applies intelligent privilege controls to every identity with continuous threat prevention, detection and response across the identity lifecycle. With CyberArk, organizations can reduce operational and security risks by enabling zero trust and least privilege with complete visibility, empowering all users and identities, including workforce, IT, developers and machines, to securely access any resource, located anywhere, from everywhere. Learn more at cyberark.com.
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Stock market today: Dow, S&P 500, Nasdaq drop with Powell speech looming over Fed rate-cut hopes
US stocks slid on Thursday after disappointing Walmart (WMT) earnings and hotter-than-expected jobless claims data, as focus tightened on the Federal Reserve's closely watched gathering at Jackson Hole. The Dow Jones Industrial Average (^DJI) fell more than 0.3%, while the S&P 500 (^GSPC) moved down more than 0.4%. The tech-heavy Nasdaq Composite (^IXIC) also dropped over 0.3%. A continued slide in Big Tech stocks is still a worry, even after the Nasdaq on Wednesday showed signs of a reprieve, coming firmly off session lows as buyers jumped in. Short sellers have reaped over $5 billion from bets against techs as AI fears rippled through markets. Dimmed rate-cut hopes are also weighing on minds after minutes from the Fed's July meeting signaled that sticky inflation rather than a faltering labor market is the main concern for policymakers. There was broad support for holding rates steady, despite a growing divide at the Fed. Meanwhile, more policymakers indicated this week that they don't necessarily view a rate cut as imminent. Amid that rate debate, jobless claims for the week ending Aug. 15 rose to 235,000, versus expectations for 225,000. Continuing claims jumped to 1.97 million, a notch above the 1.96 million anticipated by economists. Meanwhile, manufacturing activity rose to its highest level in three years in August. S&P Global's flash US composite PMI survey, which captures activity in both the services and manufacturing sectors, increased to 55.4 from 55.1 in July. Earlier, Walmart (WMT) capped the week's earnings from retail giants, raising its full-year forecast for sales and profit after second quarter results showed a low-price push is drawing in shoppers. But its quarterly profit fell short of high expectations, and its shares slid more than 4%. The Fed kicks off its Jackson Hole symposium of central bankers from around the world later on Thursday, with the countdown on to Chair Jerome Powell's highly anticipated speech on Friday. The gathering is taking place as President Trump puts public pressure on the Fed, most recently calling for Fed Governor Lisa Cook to resign. Cook has said she won't be "bullied to step down". S&P 500 slides for fifth-straight day US stocks slid on Thursday after disappointing Walmart (WMT) earnings and hotter-than-expected jobless claims data, as focus tightened on the Federal Reserve's closely watched gathering at Jackson Hole. The Dow Jones Industrial Average (^DJI) fell more than 0.3%, while the S&P 500 (^GSPC) moved down more than 0.4%. The tech-heavy Nasdaq Composite (^IXIC) also dropped over 0.3%. This marked the fifth-straight day of losses for the S&P 500. Bond yields rise ahead of Chair Powell's speech on Friday Bond yields rose as stocks fell ahead of Fed Chair Powell's speech in Jackson Hole, Wyo., on Friday. The 5-year Treasury yield (^FVX) rose 4 basis points to 3.85%, while the 10-year yield (^TNX) gained 3 basis points to 4.33%. The 30-year yield (^TYX) increased 2 basis points to 4.92%. As my colleague Josh Schafer points out below, the odds of a rate cut remain elevated, though they have come down over the past week. Markets have also seen a steepening of the yield curve, with the spread between the 10-year yield and 30-year yield widening to 107 basis points. "If Fed Chair Powell, in his Jackson Hole speech on Friday, is going to signal less commitment to the Fed's 2% inflation target, the curve will steepen further," Apollo chief economist Torsten Sløk wrote on Tuesday. (Disclosure: Yahoo Finance is owned by Apollo Global Management.) Markets leaning toward September interest rate cut ahead of Powell speech Federal Reserve chair Jerome Powell is set to speak at the Jackson Hole Symposium at 10 a.m. ET on Friday as investors will listen closely for any hints on when the central bank might lower interest rates again. Entering the speech, markets are placing a 73.5% chance the Federal Reserve cuts interest rates by 25 basis points, per the CME FedWatch Tool. Some on Wall Street are fearful Powell may shake the market's confidence in that September rate cut tomorrow morning. "In our base case, Powell sticks to his reaction function laid out in July. We think this would surprise markets hawkishly," Calvin Tse, head of Americas macro strategy and US economics at BNP Paribas wrote in a note to clients. The laggards of the summer are catching steam The theme of the market over the past week has been rotation. The losers are becoming winners and vice versa. Bespoke Investment Group captured this in a post on X writing, "If you're having a good week, you were likely having a terrible summer." Below is a list of the best-performing S&P 500 (^GSPC) stocks since Aug. 14, along with their returns prior to that date. Cleveland Fed president says she 'would not see a case' for September rate cut given latest economic data JACKSON HOLE, Wyo. — Cleveland Fed president Beth Hammack said Thursday that the case for cutting interest rates in September would be difficult to make given recent economic data, Yahoo Finance's Jennifer Schonberger and David Hollerith report. "There's a lot of data we're going to get between now and September and I walk into every meeting with an open mind about what the right thing to do is, but with the data I have right now and with the information I have, if the meeting was tomorrow, I would not see a case for reducing interest rates,' Hammack told Yahoo Finance at the Jackson Hole Economic Symposium. Read more here. Kansas City Fed's Schmid wary of September rate cut, notes 'very consequential' data in coming weeks Yahoo Finance's Jennifer Schonberger reports from the Jackson Hole Economic Symposium: Read more here. Apple TV+ raises prices as churn data shows retention challenge Apple TV+ (AAPL) is raising prices. The monthly subscription cost will increase to $12.99 in the US, up from $9.99, effective today for new subscribers, the company confirmed to Yahoo Finance. Existing subscribers will see the change 30 days after their next renewal date. The annual plan ($99.99) and Apple One bundle pricing remain unchanged. The increase will also apply to "select international markets." Apple is framing the hike around its growing library of originals, with Emmy standouts "Severance" and "The Studio" anchoring the current slate as the company leans into its positioning as an ad-free, prestige TV destination. But the move comes as Apple TV+ continues to struggle with retention. New data from Antenna released Wednesday shows Apple TV+'s monthly churn has held between 6% and 7% for much of 2025, well above the industry average of 4% to 5% and nearly triple Netflix's 2% churn rate. Even at its January peak of 2.9 million new sign-ups, cancellations spiked, underscoring how much of Apple's growth is tied to free trials and short-term promotions rather than lasting subscribers. The price hike also comes as Apple is rumored to lose its Friday Night Baseball package, with rights likely shifting to NBCUniversal's Peacock (CMCSA). To note, Disney's ESPN just launched its sports streaming offering today. Read more here. Mortgage rates hold steady at lowest level of the year Yahoo Finance's Claire Boston reports: Read more here. Dayforce stock keeps climbing following Thoma Bravo takeover news News that private equity firm Thoma Bravo plans to acquire Dayforce (DAY) and take it private has continued to lift the stock this week. Shares rose 2% on Thursday afternoon, adding to their weekly gain since the deal was announced. Over the past five days, the HR software provider's stock has climbed 28%. Thoma Bravo's $12.3 billion offer represents a 32.4% premium on the stock's closing price on Aug. 15, Reuters reported. Under the terms of the deal, Dayforce shareholders will receive $70 per share in cash, representing an equity value of $11.18 billion. Read more here. US-EU trade deal impacts on pharma industry more 'manageable' than expected Anjalee Khemlani reports: Read more here. Cracker Barrel stock drops 11% amid conservative backlash over logo change Cracker Barrel (CBRL) shares fell as much as 11% Thursday morning as news outlets reported on the company's decision to drop the barrel from its logo, the first big brand makeover in nearly 50 years. The move was part of a broader redesign under new CEO Julie Masino, who joined the company in 2023. The logo change drew the ire of conservatives, including President Trump's son, Donald Trump Jr. That wasn't the first time Cracker Barrel sparked conservative backlash: A legal group led by Trump aide Stephen Miller in July called for a federal investigation into the restaurant chain for its equity-related policies — part of the administration's broader attack on corporate DEI (diversity, equity, and inclusion). Intel stock extends losses, reversing earlier gains Intel (INTC) shares fell nearly 2% Thursday morning after sinking 7% in Wednesday's trading session. The chipmaker's declines reversed gains earlier in the week after the announcement of a $2 billion investment from SoftBank and news that the Trump administration was exploring taking a 10% stake in the company. The stock's jump came even as Wall Street voiced concerns that those votes of confidence wouldn't be enough to fix Intel's problems. Shares fell Wednesday as CNBC reported that Intel was in talks with other large investors to get an equity infusion at a discounted price. Intel stock is down nearly 8% over the past six months but up 7% from a year ago. Manufacturing activity hits a more than three-year high in August US economic output hit an eight-month high in August while activity in the manufacturing sector reached its highest level in more than three years. S&P Global's flash US composite PMI survey, which captures activity in both the services and manufacturing sectors, came in at 55.4 in August, up from 55.1 in July. Increased factory activity drove the gains: The preliminary manufacturing PMI reading rose to 53.3, its highest level in 39 months. Meanwhile, the service PMI reading declined to 55.4 in August, down slightly from 55.7 and marking a two-month low for the index. 'A strong flash PMI reading for August adds to signs that US businesses have enjoyed a strong third quarter so far," S&P Global Market Intelligence chief business economist Chris Williamson said in the release. "The data are consistent with the economy expanding at a 2.5% annualized rate, up from the average 1.3% expansion seen over the first two quarters of the year." The gains didn't come without hiccups, though. Both the services and manufacturing sectors saw their second-largest monthly input price increase since January 2023. 'The resulting rise in selling prices for goods and services suggests that consumer price inflation will rise further above the Fed's 2% target in the coming months," Williamson said. The Dow leads stocks down at the open US stocks fell on Thursday after Walmart (WMT) earnings came in below expectations and weekly jobless claims came in higher than expected to hit the highest level since June. The Dow Jones Industrial Average (^DJI) dropped nearly 0.6%, while the S&P 500 (^GSPC) moved down more than 0.4%. The tech-heavy Nasdaq Composite (^IXIC) also backed off about 0.4%. US weekly jobless claims rise to highest since June Americans filing claims for jobless benefits rose to 235,000 for the week of Aug. 15, the largest increase since late May. Economists expected 225,000 jobless claims to be filed. Meanwhile, continuing claims jumped to 1.97 million, greater than the 1.96 million anticipated, in a sign that Americans without jobs are finding it difficult to get a new one. Read more here. Boeing stock rises on potential sale of 500 jets to China Boeing (BA) stock rose 1.5% in premarket trading after Bloomberg reported the company is in talks to sell up to 500 jets to China. The potential sale would mark China's largest purchase of Boeing aircraft since President Trump's visit to the country in 2017. But it's contingent on trade tensions between the US and China abating. Earlier this year, Boeing was caught in the center of the trade war between the US and China. In April, China banned deliveries of the company's planes during the height of tariff escalation but removed the ban in May. Read more here. Disney's new ESPN streaming service has arrived, ushering in new era for sports and the cable bundle Yahoo Finance's Allie Canal reports: Read more here. The tech trade hits pause ahead of Nvidia earnings Tech stocks remain on shaky ground after concerns about the AI trade caused them to slip again on Wednesday. And while the tech pullback wasn't anywhere close to a DeepSeek moment, Yahoo Finance's Hamza Shaban writes, Wall Street did seem alarmed by a handful of pessimistic headlines. Hamza explains the Street's discontent with tech in today's Morning Brief: Read more here. Walmart stock falls after earnings miss forecasts as US sales, 2025 outlook rise Walmart (WMT) stock slid after the big-box retailer's Q2 earnings fell shy of Wall Street's expectations, even after its US sales growth beat forecasts as shoppers embraced its low prices. Yahoo Finance's Brooke DiPalma reports: Read more here. Good morning. Here's what's happening today. Economic data: Initial jobless claims (week of Aug. 16); S&P Global US manufacturing PMI (August preliminary) S&P Global US services PMI; Existing home sales (July) Earnings: Walmart (WMT), Intuit (INTU), Workday (WDAY), Ross Stores (ROST), Zoom (ZM) Here are some of the biggest stories you may have missed overnight and early this morning: Walmart shares slip after earnings miss the mark Disney's era-ending ESPN sports streaming has arrived Fed governor Cook responds after Trump says she 'must resign' The tech trade has a wobble ahead of Nvidia earnings Short sellers reap over $5 billion as AI fears roil market El-Erian: Powell is walking a tightrope at Jackson Hole Goldman: It's time to buy the dip in momentum stocks Meta freezes AI hiring as Wall Street eyes the cost Musk must face fraud lawsuit over 2024 election sweepstakes Tencent's 'Valorant' tops iPhone chart with $1 million debut S&P 500 slides for fifth-straight day US stocks slid on Thursday after disappointing Walmart (WMT) earnings and hotter-than-expected jobless claims data, as focus tightened on the Federal Reserve's closely watched gathering at Jackson Hole. The Dow Jones Industrial Average (^DJI) fell more than 0.3%, while the S&P 500 (^GSPC) moved down more than 0.4%. The tech-heavy Nasdaq Composite (^IXIC) also dropped over 0.3%. This marked the fifth-straight day of losses for the S&P 500. US stocks slid on Thursday after disappointing Walmart (WMT) earnings and hotter-than-expected jobless claims data, as focus tightened on the Federal Reserve's closely watched gathering at Jackson Hole. The Dow Jones Industrial Average (^DJI) fell more than 0.3%, while the S&P 500 (^GSPC) moved down more than 0.4%. The tech-heavy Nasdaq Composite (^IXIC) also dropped over 0.3%. This marked the fifth-straight day of losses for the S&P 500. Bond yields rise ahead of Chair Powell's speech on Friday Bond yields rose as stocks fell ahead of Fed Chair Powell's speech in Jackson Hole, Wyo., on Friday. The 5-year Treasury yield (^FVX) rose 4 basis points to 3.85%, while the 10-year yield (^TNX) gained 3 basis points to 4.33%. The 30-year yield (^TYX) increased 2 basis points to 4.92%. As my colleague Josh Schafer points out below, the odds of a rate cut remain elevated, though they have come down over the past week. Markets have also seen a steepening of the yield curve, with the spread between the 10-year yield and 30-year yield widening to 107 basis points. "If Fed Chair Powell, in his Jackson Hole speech on Friday, is going to signal less commitment to the Fed's 2% inflation target, the curve will steepen further," Apollo chief economist Torsten Sløk wrote on Tuesday. (Disclosure: Yahoo Finance is owned by Apollo Global Management.) Bond yields rose as stocks fell ahead of Fed Chair Powell's speech in Jackson Hole, Wyo., on Friday. The 5-year Treasury yield (^FVX) rose 4 basis points to 3.85%, while the 10-year yield (^TNX) gained 3 basis points to 4.33%. The 30-year yield (^TYX) increased 2 basis points to 4.92%. As my colleague Josh Schafer points out below, the odds of a rate cut remain elevated, though they have come down over the past week. Markets have also seen a steepening of the yield curve, with the spread between the 10-year yield and 30-year yield widening to 107 basis points. "If Fed Chair Powell, in his Jackson Hole speech on Friday, is going to signal less commitment to the Fed's 2% inflation target, the curve will steepen further," Apollo chief economist Torsten Sløk wrote on Tuesday. (Disclosure: Yahoo Finance is owned by Apollo Global Management.) Markets leaning toward September interest rate cut ahead of Powell speech Federal Reserve chair Jerome Powell is set to speak at the Jackson Hole Symposium at 10 a.m. ET on Friday as investors will listen closely for any hints on when the central bank might lower interest rates again. Entering the speech, markets are placing a 73.5% chance the Federal Reserve cuts interest rates by 25 basis points, per the CME FedWatch Tool. Some on Wall Street are fearful Powell may shake the market's confidence in that September rate cut tomorrow morning. "In our base case, Powell sticks to his reaction function laid out in July. We think this would surprise markets hawkishly," Calvin Tse, head of Americas macro strategy and US economics at BNP Paribas wrote in a note to clients. Federal Reserve chair Jerome Powell is set to speak at the Jackson Hole Symposium at 10 a.m. ET on Friday as investors will listen closely for any hints on when the central bank might lower interest rates again. Entering the speech, markets are placing a 73.5% chance the Federal Reserve cuts interest rates by 25 basis points, per the CME FedWatch Tool. Some on Wall Street are fearful Powell may shake the market's confidence in that September rate cut tomorrow morning. "In our base case, Powell sticks to his reaction function laid out in July. We think this would surprise markets hawkishly," Calvin Tse, head of Americas macro strategy and US economics at BNP Paribas wrote in a note to clients. The laggards of the summer are catching steam The theme of the market over the past week has been rotation. The losers are becoming winners and vice versa. Bespoke Investment Group captured this in a post on X writing, "If you're having a good week, you were likely having a terrible summer." Below is a list of the best-performing S&P 500 (^GSPC) stocks since Aug. 14, along with their returns prior to that date. The theme of the market over the past week has been rotation. The losers are becoming winners and vice versa. Bespoke Investment Group captured this in a post on X writing, "If you're having a good week, you were likely having a terrible summer." Below is a list of the best-performing S&P 500 (^GSPC) stocks since Aug. 14, along with their returns prior to that date. Cleveland Fed president says she 'would not see a case' for September rate cut given latest economic data JACKSON HOLE, Wyo. — Cleveland Fed president Beth Hammack said Thursday that the case for cutting interest rates in September would be difficult to make given recent economic data, Yahoo Finance's Jennifer Schonberger and David Hollerith report. "There's a lot of data we're going to get between now and September and I walk into every meeting with an open mind about what the right thing to do is, but with the data I have right now and with the information I have, if the meeting was tomorrow, I would not see a case for reducing interest rates,' Hammack told Yahoo Finance at the Jackson Hole Economic Symposium. Read more here. JACKSON HOLE, Wyo. — Cleveland Fed president Beth Hammack said Thursday that the case for cutting interest rates in September would be difficult to make given recent economic data, Yahoo Finance's Jennifer Schonberger and David Hollerith report. "There's a lot of data we're going to get between now and September and I walk into every meeting with an open mind about what the right thing to do is, but with the data I have right now and with the information I have, if the meeting was tomorrow, I would not see a case for reducing interest rates,' Hammack told Yahoo Finance at the Jackson Hole Economic Symposium. Read more here. Kansas City Fed's Schmid wary of September rate cut, notes 'very consequential' data in coming weeks Yahoo Finance's Jennifer Schonberger reports from the Jackson Hole Economic Symposium: Read more here. Yahoo Finance's Jennifer Schonberger reports from the Jackson Hole Economic Symposium: Read more here. Apple TV+ raises prices as churn data shows retention challenge Apple TV+ (AAPL) is raising prices. The monthly subscription cost will increase to $12.99 in the US, up from $9.99, effective today for new subscribers, the company confirmed to Yahoo Finance. Existing subscribers will see the change 30 days after their next renewal date. The annual plan ($99.99) and Apple One bundle pricing remain unchanged. The increase will also apply to "select international markets." Apple is framing the hike around its growing library of originals, with Emmy standouts "Severance" and "The Studio" anchoring the current slate as the company leans into its positioning as an ad-free, prestige TV destination. But the move comes as Apple TV+ continues to struggle with retention. New data from Antenna released Wednesday shows Apple TV+'s monthly churn has held between 6% and 7% for much of 2025, well above the industry average of 4% to 5% and nearly triple Netflix's 2% churn rate. Even at its January peak of 2.9 million new sign-ups, cancellations spiked, underscoring how much of Apple's growth is tied to free trials and short-term promotions rather than lasting subscribers. The price hike also comes as Apple is rumored to lose its Friday Night Baseball package, with rights likely shifting to NBCUniversal's Peacock (CMCSA). To note, Disney's ESPN just launched its sports streaming offering today. Read more here. Apple TV+ (AAPL) is raising prices. The monthly subscription cost will increase to $12.99 in the US, up from $9.99, effective today for new subscribers, the company confirmed to Yahoo Finance. Existing subscribers will see the change 30 days after their next renewal date. The annual plan ($99.99) and Apple One bundle pricing remain unchanged. The increase will also apply to "select international markets." Apple is framing the hike around its growing library of originals, with Emmy standouts "Severance" and "The Studio" anchoring the current slate as the company leans into its positioning as an ad-free, prestige TV destination. But the move comes as Apple TV+ continues to struggle with retention. New data from Antenna released Wednesday shows Apple TV+'s monthly churn has held between 6% and 7% for much of 2025, well above the industry average of 4% to 5% and nearly triple Netflix's 2% churn rate. Even at its January peak of 2.9 million new sign-ups, cancellations spiked, underscoring how much of Apple's growth is tied to free trials and short-term promotions rather than lasting subscribers. The price hike also comes as Apple is rumored to lose its Friday Night Baseball package, with rights likely shifting to NBCUniversal's Peacock (CMCSA). To note, Disney's ESPN just launched its sports streaming offering today. Read more here. Mortgage rates hold steady at lowest level of the year Yahoo Finance's Claire Boston reports: Read more here. Yahoo Finance's Claire Boston reports: Read more here. Dayforce stock keeps climbing following Thoma Bravo takeover news News that private equity firm Thoma Bravo plans to acquire Dayforce (DAY) and take it private has continued to lift the stock this week. Shares rose 2% on Thursday afternoon, adding to their weekly gain since the deal was announced. Over the past five days, the HR software provider's stock has climbed 28%. Thoma Bravo's $12.3 billion offer represents a 32.4% premium on the stock's closing price on Aug. 15, Reuters reported. Under the terms of the deal, Dayforce shareholders will receive $70 per share in cash, representing an equity value of $11.18 billion. Read more here. News that private equity firm Thoma Bravo plans to acquire Dayforce (DAY) and take it private has continued to lift the stock this week. Shares rose 2% on Thursday afternoon, adding to their weekly gain since the deal was announced. Over the past five days, the HR software provider's stock has climbed 28%. Thoma Bravo's $12.3 billion offer represents a 32.4% premium on the stock's closing price on Aug. 15, Reuters reported. Under the terms of the deal, Dayforce shareholders will receive $70 per share in cash, representing an equity value of $11.18 billion. Read more here. US-EU trade deal impacts on pharma industry more 'manageable' than expected Anjalee Khemlani reports: Read more here. Anjalee Khemlani reports: Read more here. Cracker Barrel stock drops 11% amid conservative backlash over logo change Cracker Barrel (CBRL) shares fell as much as 11% Thursday morning as news outlets reported on the company's decision to drop the barrel from its logo, the first big brand makeover in nearly 50 years. The move was part of a broader redesign under new CEO Julie Masino, who joined the company in 2023. The logo change drew the ire of conservatives, including President Trump's son, Donald Trump Jr. That wasn't the first time Cracker Barrel sparked conservative backlash: A legal group led by Trump aide Stephen Miller in July called for a federal investigation into the restaurant chain for its equity-related policies — part of the administration's broader attack on corporate DEI (diversity, equity, and inclusion). Cracker Barrel (CBRL) shares fell as much as 11% Thursday morning as news outlets reported on the company's decision to drop the barrel from its logo, the first big brand makeover in nearly 50 years. The move was part of a broader redesign under new CEO Julie Masino, who joined the company in 2023. The logo change drew the ire of conservatives, including President Trump's son, Donald Trump Jr. That wasn't the first time Cracker Barrel sparked conservative backlash: A legal group led by Trump aide Stephen Miller in July called for a federal investigation into the restaurant chain for its equity-related policies — part of the administration's broader attack on corporate DEI (diversity, equity, and inclusion). Intel stock extends losses, reversing earlier gains Intel (INTC) shares fell nearly 2% Thursday morning after sinking 7% in Wednesday's trading session. The chipmaker's declines reversed gains earlier in the week after the announcement of a $2 billion investment from SoftBank and news that the Trump administration was exploring taking a 10% stake in the company. The stock's jump came even as Wall Street voiced concerns that those votes of confidence wouldn't be enough to fix Intel's problems. Shares fell Wednesday as CNBC reported that Intel was in talks with other large investors to get an equity infusion at a discounted price. Intel stock is down nearly 8% over the past six months but up 7% from a year ago. Intel (INTC) shares fell nearly 2% Thursday morning after sinking 7% in Wednesday's trading session. The chipmaker's declines reversed gains earlier in the week after the announcement of a $2 billion investment from SoftBank and news that the Trump administration was exploring taking a 10% stake in the company. The stock's jump came even as Wall Street voiced concerns that those votes of confidence wouldn't be enough to fix Intel's problems. Shares fell Wednesday as CNBC reported that Intel was in talks with other large investors to get an equity infusion at a discounted price. Intel stock is down nearly 8% over the past six months but up 7% from a year ago. Manufacturing activity hits a more than three-year high in August US economic output hit an eight-month high in August while activity in the manufacturing sector reached its highest level in more than three years. S&P Global's flash US composite PMI survey, which captures activity in both the services and manufacturing sectors, came in at 55.4 in August, up from 55.1 in July. Increased factory activity drove the gains: The preliminary manufacturing PMI reading rose to 53.3, its highest level in 39 months. Meanwhile, the service PMI reading declined to 55.4 in August, down slightly from 55.7 and marking a two-month low for the index. 'A strong flash PMI reading for August adds to signs that US businesses have enjoyed a strong third quarter so far," S&P Global Market Intelligence chief business economist Chris Williamson said in the release. "The data are consistent with the economy expanding at a 2.5% annualized rate, up from the average 1.3% expansion seen over the first two quarters of the year." The gains didn't come without hiccups, though. Both the services and manufacturing sectors saw their second-largest monthly input price increase since January 2023. 'The resulting rise in selling prices for goods and services suggests that consumer price inflation will rise further above the Fed's 2% target in the coming months," Williamson said. US economic output hit an eight-month high in August while activity in the manufacturing sector reached its highest level in more than three years. S&P Global's flash US composite PMI survey, which captures activity in both the services and manufacturing sectors, came in at 55.4 in August, up from 55.1 in July. Increased factory activity drove the gains: The preliminary manufacturing PMI reading rose to 53.3, its highest level in 39 months. Meanwhile, the service PMI reading declined to 55.4 in August, down slightly from 55.7 and marking a two-month low for the index. 'A strong flash PMI reading for August adds to signs that US businesses have enjoyed a strong third quarter so far," S&P Global Market Intelligence chief business economist Chris Williamson said in the release. "The data are consistent with the economy expanding at a 2.5% annualized rate, up from the average 1.3% expansion seen over the first two quarters of the year." The gains didn't come without hiccups, though. Both the services and manufacturing sectors saw their second-largest monthly input price increase since January 2023. 'The resulting rise in selling prices for goods and services suggests that consumer price inflation will rise further above the Fed's 2% target in the coming months," Williamson said. The Dow leads stocks down at the open US stocks fell on Thursday after Walmart (WMT) earnings came in below expectations and weekly jobless claims came in higher than expected to hit the highest level since June. The Dow Jones Industrial Average (^DJI) dropped nearly 0.6%, while the S&P 500 (^GSPC) moved down more than 0.4%. The tech-heavy Nasdaq Composite (^IXIC) also backed off about 0.4%. US stocks fell on Thursday after Walmart (WMT) earnings came in below expectations and weekly jobless claims came in higher than expected to hit the highest level since June. The Dow Jones Industrial Average (^DJI) dropped nearly 0.6%, while the S&P 500 (^GSPC) moved down more than 0.4%. The tech-heavy Nasdaq Composite (^IXIC) also backed off about 0.4%. US weekly jobless claims rise to highest since June Americans filing claims for jobless benefits rose to 235,000 for the week of Aug. 15, the largest increase since late May. Economists expected 225,000 jobless claims to be filed. Meanwhile, continuing claims jumped to 1.97 million, greater than the 1.96 million anticipated, in a sign that Americans without jobs are finding it difficult to get a new one. Read more here. Americans filing claims for jobless benefits rose to 235,000 for the week of Aug. 15, the largest increase since late May. Economists expected 225,000 jobless claims to be filed. Meanwhile, continuing claims jumped to 1.97 million, greater than the 1.96 million anticipated, in a sign that Americans without jobs are finding it difficult to get a new one. Read more here. Boeing stock rises on potential sale of 500 jets to China Boeing (BA) stock rose 1.5% in premarket trading after Bloomberg reported the company is in talks to sell up to 500 jets to China. The potential sale would mark China's largest purchase of Boeing aircraft since President Trump's visit to the country in 2017. But it's contingent on trade tensions between the US and China abating. Earlier this year, Boeing was caught in the center of the trade war between the US and China. In April, China banned deliveries of the company's planes during the height of tariff escalation but removed the ban in May. Read more here. Boeing (BA) stock rose 1.5% in premarket trading after Bloomberg reported the company is in talks to sell up to 500 jets to China. The potential sale would mark China's largest purchase of Boeing aircraft since President Trump's visit to the country in 2017. But it's contingent on trade tensions between the US and China abating. Earlier this year, Boeing was caught in the center of the trade war between the US and China. In April, China banned deliveries of the company's planes during the height of tariff escalation but removed the ban in May. Read more here. Disney's new ESPN streaming service has arrived, ushering in new era for sports and the cable bundle Yahoo Finance's Allie Canal reports: Read more here. Yahoo Finance's Allie Canal reports: Read more here. The tech trade hits pause ahead of Nvidia earnings Tech stocks remain on shaky ground after concerns about the AI trade caused them to slip again on Wednesday. And while the tech pullback wasn't anywhere close to a DeepSeek moment, Yahoo Finance's Hamza Shaban writes, Wall Street did seem alarmed by a handful of pessimistic headlines. Hamza explains the Street's discontent with tech in today's Morning Brief: Read more here. Tech stocks remain on shaky ground after concerns about the AI trade caused them to slip again on Wednesday. And while the tech pullback wasn't anywhere close to a DeepSeek moment, Yahoo Finance's Hamza Shaban writes, Wall Street did seem alarmed by a handful of pessimistic headlines. Hamza explains the Street's discontent with tech in today's Morning Brief: Read more here. Walmart stock falls after earnings miss forecasts as US sales, 2025 outlook rise Walmart (WMT) stock slid after the big-box retailer's Q2 earnings fell shy of Wall Street's expectations, even after its US sales growth beat forecasts as shoppers embraced its low prices. Yahoo Finance's Brooke DiPalma reports: Read more here. Walmart (WMT) stock slid after the big-box retailer's Q2 earnings fell shy of Wall Street's expectations, even after its US sales growth beat forecasts as shoppers embraced its low prices. Yahoo Finance's Brooke DiPalma reports: Read more here. Good morning. Here's what's happening today. Economic data: Initial jobless claims (week of Aug. 16); S&P Global US manufacturing PMI (August preliminary) S&P Global US services PMI; Existing home sales (July) Earnings: Walmart (WMT), Intuit (INTU), Workday (WDAY), Ross Stores (ROST), Zoom (ZM) Here are some of the biggest stories you may have missed overnight and early this morning: Walmart shares slip after earnings miss the mark Disney's era-ending ESPN sports streaming has arrived Fed governor Cook responds after Trump says she 'must resign' The tech trade has a wobble ahead of Nvidia earnings Short sellers reap over $5 billion as AI fears roil market El-Erian: Powell is walking a tightrope at Jackson Hole Goldman: It's time to buy the dip in momentum stocks Meta freezes AI hiring as Wall Street eyes the cost Musk must face fraud lawsuit over 2024 election sweepstakes Tencent's 'Valorant' tops iPhone chart with $1 million debut Economic data: Initial jobless claims (week of Aug. 16); S&P Global US manufacturing PMI (August preliminary) S&P Global US services PMI; Existing home sales (July) Earnings: Walmart (WMT), Intuit (INTU), Workday (WDAY), Ross Stores (ROST), Zoom (ZM) Here are some of the biggest stories you may have missed overnight and early this morning: Walmart shares slip after earnings miss the mark Disney's era-ending ESPN sports streaming has arrived Fed governor Cook responds after Trump says she 'must resign' The tech trade has a wobble ahead of Nvidia earnings Short sellers reap over $5 billion as AI fears roil market El-Erian: Powell is walking a tightrope at Jackson Hole Goldman: It's time to buy the dip in momentum stocks Meta freezes AI hiring as Wall Street eyes the cost Musk must face fraud lawsuit over 2024 election sweepstakes Tencent's 'Valorant' tops iPhone chart with $1 million debut Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Why JinkoSolar Fell Today
Key Points President Trump made comments slamming the solar and wind industries today. These comments have increased the prospects on further restrictions for solar projects, even beyond the removal of tax credits earlier this year. Jinko has a high dividend, but its results are highly volatile. 10 stocks we like better than JinkoSolar › Shares of JinkoSolar (NYSE: JKS) fell hard on Thursday along with the rest of the solar sector, with Jinko down as much as 6.2% before recovering to a 4.3% decline on the day. The entire solar sector took a hit today, perhaps due to marketwide uncertainty over interest rates and inflation, which tends to heavily affect solar stocks. However, the bulk of the declines were likely due to comments by President Trump, who threatened to stop any solar project approvals in the U.S. going forward. "We will not approve wind or farmer destroying Solar" In a post on his social media platform Truth Social, President Trump posted on Wednesday: Any State that has built and relied on WINDMILLS and SOLAR for power are seeing RECORD BREAKING INCREASES IN ELECTRICITY AND ENERGY COSTS. THE SCAM OF THE CENTURY! We will not approve wind or farmer destroying Solar. The days of stupidity are over in the USA!!! MAGA Although the post was made yesterday, it appears major news publications picked up on the potential consequences today. Additionally, JinkoSolar rival Canadian Solar (NASDAQ: CSIQ) posted worse-than-expected earnings today, highlighting a potential slowdown in Chinese solar deployments in the second half relative to the surge seen in the first half. Jinko is listed on the New York Stock Exchange but is a Chinese company with a base of operations in China and a significant amount of its sales going to Chinese projects. However, Jinko also sells into the U.S., with 5% of its first-quarter module sales going into the U.S., and a 2GW module manufacturing facility up and running in the U.S. as well. Is Jinko worth a look for value investors? If there were a ban on new solar projects, there are certainly risks to Jinko's U.S. sales and perhaps a risk of stranded capacity for its manufacturing operations in the U.S. too -- though modules from that facility could potentially be sold to other countries in the Western Hemisphere. Given its relatively low U.S. exposure today, Jinko's stock may appear tempting on this downturn, especially with its sky-high 5.5% dividend yield. However, investors should be aware it can be a very cyclical and low-margin business, with its first-quarter revenue down some 40% relative to the prior year, and its profits swinging to losses. So despite the seemingly cheap valuation, Jinko makes for a risky play at this point. Should you buy stock in JinkoSolar right now? Before you buy stock in JinkoSolar, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and JinkoSolar wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $654,624!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,075,117!* Now, it's worth noting Stock Advisor's total average return is 1,049% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 18, 2025 Billy Duberstein and/or his clients have no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why JinkoSolar Fell Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Trading Day: Fed bets slip, Powell takes the stage
By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist U.S. stocks fell on Thursday and the dollar and Treasury yields rose, as solid factory data cast a bit more doubt on the Fed's readiness to lower interest rates next month. All eyes are now firmly on Fed Chair Jerome Powell's Jackson Hole speech on Friday. More on that below. In my column today, I look at the apparent contradiction between record inflows into U.S. assets from abroad, and the 125 basis points of Fed rate cuts traders are expecting by the end of next year. It doesn't add up. If you have more time to read, here are a few articles I recommend to help you make sense of what happened in markets today. 1. Fed's expansive experiment in strategy to get a rebootat Jackson Hole 2. How Fed Chair Powell has used Jackson Hole to signalwhat's next 3. What's in Trump's trade deal with Europe? 4. Washington's chip stakes look like industrial policy onoverdrive 5. The UK is back in business. Someone forgot to tellBritish investors: Klement Today's Key Market Moves * STOCKS: Britain's FTSE 100 clocks record high for athird day, China hits 10-year high. Wall Street's main threeindices fall - S&P 500 down for a fifth day, longest losingstreak this year. * SHARES/SECTORS: U.S. consumer staples -1.2%, biggestfall in two months. Walmart -4.5%, biggest fall in six months. * FX: Dollar rises across the board. In G10 FX, it gainsmost against low-yielding Swiss francs and yen. Japan's currencyhas biggest fall this month. * BONDS: Japanese yields hit historic peaks - 10-yearhighest since 2008, 20-year since 1999. U.S. curve bearflattens, chance of Sept Fed hike now barely one-in-four. * COMMODITIES: Oil rises 1% on stalled Russia-Ukrainepeace talks, strong U.S. demand. WTI settles at $63.43/bbl. Today's Talking Points: * Jackson Hole. Fed Chair Jerome Powell's eighth and final Jackson Hole speech is almost upon us. There may be three broad elements of his address to focus on: near-term policy signals, a new framework for the central bank, and a defense of his tenure. All three will be dissected, debated and debunked. The most important element for investors in the near term will be whether he leans toward a rate cut next month. These will be his first public remarks since weak jobs data three weeks ago made a September rate cut a virtual certainty, according to U.S. rate futures. Traders are no longer quite so certain, and rates futures markets are now barely attaching a one-in-four probability of a cut, the lowest since that payrolls shock three weeks ago. * Economic resilience. There were mixed signals in Thursday's sprinkling of U.S. employment, industry and activity indicators, but perhaps the most significant was the surprise strength in the manufacturing purchasing managers' index. The flash manufacturing PMI for July was 53.3. If confirmed by the final figure, this will be the highest in three years. Three Fed officials on Thursday signaled they are not ready to cut rates right now, and more figures like this PMI report will make the dovish case even harder to argue. The PMI surprises were not confined to the U.S. - the latest reports from Australia, Japan, India, the euro zone and Britain show that global business activity this month was strong too. * Trade. After a quiet few days for the global trade wars, investors got a reminder on Thursday of the brave new world ahead, as the US and European Union locked in a framework deal reached last month that includes a 15% U.S. tariff on most EU imports. In a 3-1/2-page joint statement, the two sides listed the commitments made, and senior EU officials said they are still pressing for lower duties on wine and spirits exports. One of the most controversial elements of the deal is European companies' apparent commitment to invest $600 billion in the U.S. through 2028. Watch this space. If America is in trouble, why do foreigners keep buying U.S. assets? Is the U.S. economic outlook so weak that it warrants multiple interest rate cuts? Or are U.S. markets pulling in huge inflows from abroad because the country's outlook is so attractive? Both can't be right, yet those are the respective narratives indicated by current pricing in the rates market and the latest capital flows data. Something doesn't quite add up. Much has been written this year about how foreign investors – spooked by U.S. President Donald Trump's unorthodox, populist policies – were going to reduce their exposure to U.S. markets and deploy that capital elsewhere. But that's not how it is panning out. Treasury International Capital (TIC) figures last week showed that foreign investors bought a net $192 billion of U.S. securities in June. This followed a record net purchase of $326 billion in May, swelled by the largest ever inflow from the private sector. Once U.S. investors' purchases of foreign assets are discounted, the net flow of long-term capital into U.S. securities in June was still a healthy $151 billion, taking the total for the second quarter to a record-matching $410 billion. Zooming out a little further, net inflows in the first half of this year stood at $643 billion, on course to match the record $1.3 trillion net inflow from 2022. And in the 12 months through June, a net $1.27 trillion was poured into U.S. stocks, Treasuries, agency and corporate debt. The end of American exceptionalism? It sure doesn't look like it. DE-DOLLARIZATION, WHERE ART THOU? Overseas demand for U.S. assets is clearly strong on an aggregate level. The explanation may be quite simple: capital continues to flood into the U.S. because that is where investors around the world believe they will see the strongest growth and thus earn the highest returns. "The flows picture is remarkably robust," says Robin Brooks, senior fellow at the Brookings Institution in Washington. "I don't think you can tell a 'de-dollarization' story or 'end of U.S. exceptionalism' story from these inflows." True, there is some justification for the de-dollarization narrative. The greenback is down 10% year to date, having recorded its worst start to a year in over half a century. But most of that slump was in the January-April period. In the last four months, the dollar index has been essentially flat. The dollar's weakness despite the influx of global capital certainly is a head-scratcher. Anecdotal evidence suggests this move partly reflects foreigners hedging more of their U.S. exposure, via currency options and derivatives. Short-term moves based on a dovish Fed outlook may be at play too. ULTIMATE HEAD-SCRATCHER But perhaps an even bigger head-scratcher is the disconnect between Fed expectations, the U.S. growth outlook, and capital flows. Traders expect the Fed to cut rates by around 125 basis points by the end of next year. That is, by far, the most dovish expectation for any G10 central bank. History suggests easing on this scale would only occur if there were a pretty sharp slowdown in economic growth. True, there are some red flags in the labor market, parts of 'Main Street' and U.S. public finances, even before factoring in tariff uncertainty. Yet, overall, the U.S. economy appears to be in reasonably decent shape. Economists at S&P Global Market Intelligence on Wednesday raised their 2025 and 2026 GDP growth forecasts to 1.7% and 2.4%, respectively. Is that an economy in need of six quarter-percentage point rate cuts over the coming 16 months, or is the growth outlook relatively rosy precisely because that level of monetary loosening is expected? That remains to be seen. For now, investors around the world continue to hoover up U.S. securities, which suggests they can't be all that pessimistic about the U.S. – or at least U.S. tech companies. It's worth noting that the TIC data showed the large inflows in May and June were mostly in so-called riskier equities rather than 'safer' Treasuries, suggesting foreigners may be more sanguine about Corporate America than the government. The end of U.S. exceptionalism may be around the corner, but it's a long bend. What could move markets tomorrow? * Japan inflation (July) * UK consumer confidence (August) * Germany GDP (Q2, detailed breakdown) * Canada retail sales (July) * U.S. Federal Reserve Chair Jerome Powell speaks at JacksonHole Want to receive Trading Day in your inbox every weekday morning? Sign up for my newsletter here. Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. (By Jamie McGeever; editing by Diane Craft) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
