---
title: "Midday need to know: Retail sales drop, Ackman shakes up portfolio & more"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295958230.md"
description: "U.S. retail sales dropped 0.6% in July, missing expectations and marking the largest single-month decline in over a year. Meanwhile, Bill Ackman's Pershing Square executed its largest portfolio overhaul in years, adding stakes in Netflix, Visa, and others, citing market dislocation as an opportunity to buy below intrinsic value. Additionally, Tesla is preparing to reveal a redesigned next-generation Roadster at SpaceX's Texas facility, potentially featuring a limited-edition version with hovering capabilities."
datetime: "2026-08-14T16:32:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295958230.md)
  - [en](https://longbridge.com/en/news/295958230.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295958230.md)
generator: "portal-rs"
---

# Midday need to know: Retail sales drop, Ackman shakes up portfolio & more

Stock index futures rose slightly on Friday morning as investors parsed a sharper-than-expected decline in domestic retail sales and major portfolio shifts from prominent activist funds. Now, here are three news stories that broke in the morning to watch out for: Retail sales plunge: U.S. retail sales declined 0.6% month-over-month in July to $763...

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**