Nestle Shares Drop as CEO Mark Schneider Abruptly Steps Dow. 💼

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Nestle Shares Drop as CEO Mark Schneider Abruptly Steps Dow. 💼 Nestle shares fell 3% after CEO Mark Schneider announced his departure, to be replaced by longtime company executive Laurent Freixe. The sudden leadership change has raised questions about Nestle's future sales recovery and margin guidance. MarketWatch reports.

🎬 SkyBreak: Skydance Media accuses Paramount of breaching deal terms. Yahoo Finance reports.

✅ CruiseControl: GM's Cruise recalls nearly 1,200 robotaxis to close US probe. Reuters reports.

📉 SnowSlump: Snowflake shares sink 14% on decelerating product revenue growth. CNBC reports.

🔋 TeslaDown: BMW overtakes Tesla in European EV sales for first time. Yahoo Finance reports.

📄 ReCiti: Citi added new section on reorganization in quarterly report following US SEC query. Reuters reports.

🧠 SiliconMind: Broadcom stock gains on OpenAI whispers. MarketWatch reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1. $PRTG: Portage Biotech
Total gain: +154.78%

2. $MNTS: Momentus
Total gain: +84.99%

3. $ELAB: Elevai Labs
Total gain: +64.76%

4. $CTNT: Cheetah Net Supply Chain
Total gain: +29.06%

5. $MLGO: MicroAlgo
Total gain: +21.03%

What Is the Buttonwood Agreement?

The Buttonwood Agreement was a compact to create a stock exchange on Wall Street in New York City, signed by 24 stockbrokers and merchants in 1792. Legend says it was finalized under a buttonwood tree near what is now 68 Wall Street. The agreement marked the creation of an official stock exchange for the young United States and the beginnings of an American investment community that would come to be known as Wall Street.

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The closing price of the top three market percent gainers trading near or above $3 on August 22.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1. $STAF: Staffing 360 Solutions
Total gain: +146.67%
The stock appeared to be moving on no notable news.

2. $FFIE: Faraday Future Intelligent Electric
Total gain: +122.56%
The stock appeared to be moving on no notable news.

3. $GDC: GD Culture Group
Total gain: +100.26%
The stock appeared to be moving on no notable news.

*Estimate and Actual numbers represent Earnings Per Share in US Dollars

COE: 51 Talk Online Education
2Q 2024
Before Market Close
Estimate: N/A
Actual: -0.180

YJ: Yunji
2Q 2024
Before Market Close
Estimate: N/A
Actual: -0.070

SY: So-Young International
2Q 2024
Before Market Close
Estimate: 0.030
Actual: 0.030

Time (ET) / Report / Period

10:00 am - Fed Chair Jerome Powell speech at Jackson Hole retreat
10:00 am - New home sales - July

The essence of investment management is to manage risk, not to manage returns.”

― Benjamin GrahamSourced in:
“The Intelligent Investor: The Definitive Book on Value Investing”, by Benjamin
Grahamh, published in 1949