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The stock market just flashed a technical signal suggesting more upside ahead, but investors shouldn't chase the rally, Fairlead Strategies says

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Reuters

PRESS DIGEST-Financial Times – Aug 5

Goldman Sachs has admitted to more difficulties for its lossmaking foray into retail banking, disclosing the US consumer finance regulator is investigating how it manages accounts at its credit card business. Warner Bros Discovery has called time on Hollywood’s all-in bet on streaming, as it renounced a growth-at-any-cost strategy in favour of a more traditional approach to selling its films and shows for “maximum value”. Energy regulator, Ofgem, confirmed on Thursday the energy price cap would be altered every three months instead of twice a year.