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It’s time for Yahoo Finance’s Market Minute. US stocks trading at record highs today as investors price in a rate cut at the Fed September meeting. Meanwhile, Instacart falling as Amazon announces it’s expanding its same-day delivery grocery business in 2300 cities by the end of this year. Same-day grocery delivery is free for Amazon Prime subscribers on orders over $25 in most cities. And new reports say Oracle is cutting jobs in its cloud unit as the company seeks to take steps to control costs amid heavy AI spending infrastructure. Oracle stock is currently trading near an all-time high on momentum in its cloud unit. And crypto company Bullish begins trading today after raising $1.1 billion in an oversubscribed IPO. The company operates a digital asset exchange and owns media outlet Coindesk. At the helm is former New York Stock Exchange President, Tom Farley. And that’s your Yahoo Finance Market Minute. For more on what’s trending on Yahoo Finance, scan the QR code below to track the best and worst performing stocks of the trading session.
Read More: Instacart falls on Amazon grocery, Oracle job cuts, Bullish IPO
