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Stocks

“It’s No Nvidia, But This Tech Company Is Targeting 325% Earnings Growth In 2024”

“While artificial intelligence giant Nvidia (NVDA) has electrified the stock market, shares of another tech player — software company Confluent (CFLT) — shot up by double digits this year. Now, as the company sees 325% profit growth in 2024, Confluent stock is rising as… Continue Reading…

Business

“Best Buy warns of layoffs as it issues soft full-year guidance”

“…the retailer warned of another year of softer sales and said it would lay off workers and cut other costs across the business. CEO Corie Barry offered few specifics, but said the company has to make sure its workforce and… Continue Reading…

Business

“Kellogg’s CEO: Let them eat Corn Flakes for dinner”

“Let them eat Corn Flakes” appears to be Kellogg’s CEO Gary Pilnick’s advice to cash-strapped shoppers who are spending the highest portion of their income on food than at any point in the last 30 years. In an interview with CNBC… Continue Reading…

Stocks

“Hims & Hers soars 31% on rapid growth in mental health, weight loss and dermatology treatments”

“…Shares of Hims & Hers closed up 31% to $13.43 as of Tuesday afternoon. They’re now up more than 50% for the year after climbing 39% in 2023… Revenue jumped 47% to $246.6 million, topping the $246 million expected by… Continue Reading…

Business

“Disney and Reliance to merge media businesses in India in $8.5 billion joint venture”

“Walt Disney and Indian conglomerate Reliance will merge their Indian businesses, the U.S. entertainment giant announced Wednesday. The companies will be combining their respective Star India and Viacom18 units into the newly created Star India joint venture, valued at roughly $8.5 billion… Continue Reading…

Economy

“Key Fed inflation measure rose 0.4% in January as expected, up 2.8% from a year ago”

“… …” https://www.cnbc.com/2024/02/29/pce-inflation-january-2023-.html Inflation is up and unfortunately its going to get worse. Banks are going to have some major problems in March. This doesn’t bode well for the economy.