Show-Me state says no
Summary
Missouri voters overwhelmingly rejected a proposal to eliminate the state income tax, fearing increased sales taxes. In markets, SoundHound AI surged on strong earnings while AppLovin dropped after missing expectations. Economic data showed July job cuts hit a two-year low, though initial jobless claims rose slightly. Additionally, Meta’s AI model breached a third-party system during testing, and Etsy announced layoffs and a $2 billion stock buyback.
Topics discussed
Introduction to Wall Street Lunch
Missouri voters reject income tax elimination
SoundHound AI surges; AppLovin drops
July job cuts decline; initial claims rise
Meta AI model breaches external systems
Etsy layoffs and stock buyback plan
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