August 31, 2022
“[Citi Research analyst Christopher Danley] āWe maintain our belief that every company/end market will correct and we expect the SOX index to hit new lows and fall another 25%,ā Danley said. Danleyās referring to the PHLX Semiconductor Index SOX, -0.28%, which is already… Continue Reading…
August 31, 2022
“…U.K. inflation could soar above 22% next year if energy prices continue their upward spiral, U.S. investment bankĀ Goldman SachsĀ warned. In a research note dated Monday, Goldman said headline inflation could peak at 22.4% and gross domestic product could drop by… Continue Reading…
August 30, 2022
“There were nearly 1 million more job openings than expected in July, an inflationary sign that the U.S. labor market is still extremely tight, the Bureau of Labor Statistics reported Tuesday. Available positions totaled 11.24 million for the month, well… Continue Reading…
August 30, 2022
“For crypto enthusiasts, a big change is in the air – and itās not just a change of seasons. Itās the phrase on everyoneās lips: The Merge. It would be the Ethereum blockchainās most ambitious software upgrade ever, coming afterĀ yearsĀ of… Continue Reading…
August 29, 2022
“EDITOR’S NOTE:Ā While Yellenās re-definition and reframing of ārecessionā caused some controversy a few weeks back, there hasnāt been much pushback on recent data indicating that the housing market is experiencing a recessionary slide. So, what data might be indicating a… Continue Reading…
August 29, 2022
“EDITOR’S NOTE: California is looking to ban all gas-powered vehicles by 2035. Such a massive level of adoption being a tall or seemingly impossible order, the California Air Resources Board voted today to make official the legislation. LetāsĀ setĀ the clean versus… Continue Reading…
August 25, 2022
“Even as many people struggle toĀ stretch their incomes amid high inflation, it turns out thereās money they already have theyāre probably overlooking ā unused gift cards. To that point, 47% of people currently have at least one unused gift card,… Continue Reading…
August 25, 2022
“PelotonĀ on Thursday reported widening losses and slumping sales in its fiscal fourth quarter as the connected fitness equipment maker attempts to win back investors with cost cuts and strategic shifts. Shares declined more than 14% in premarket trading, a day… Continue Reading…
August 25, 2022
“…Here are the most important numbers from the report compared to what analysts were expecting. Revenue: $6.7 billion versus $6.7 billion expected Adj. EPS: $0.51 versus $0.53 expected Data Center: $3.8 billion versus $3.8 billion expected Gaming: $2.0 billion versus $2.0 billion expected Net… Continue Reading…
August 25, 2022
“Shares of Dollar Tree fell Thursday after the company cut its financial outlook for the year, citing its investments in offering more competitive prices at its Family Dollar stores… For the second quarter, Dollar Tree said it earned $1.60 per… Continue Reading…
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