Market Update Consumer Price Index and Major Company Developments Today

The Consumer Price Index (CPI) report for July is expected to show steady inflation at 3.0%, while Cisco Systems anticipates lower Q4 results and potential job cuts. Kellanova shares surged as Mars nears a $30 billion acquisition, and Starbucks stock dipped after hiring Chipotle’s CEO amid activist investor pressure. Elliott Investment Management plans to nominate 10 directors to Southwest Airlines’ board as it seeks changes amid declining stock performance.

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