May 17, 2024
“Grocery prices fell on the whole in April for the first time in 12 months, according to data released Wednesday by the Labor Department. Prices for food at home fell 0.2 percent in April, according to the Labor Department’s consumer… Continue Reading…
May 17, 2024
“SoFi TechnologiesSOFI2.32% shares have about 70% upside, according to Mizuho Securities analysts, who renewed their bullish outlook after meeting a top executive at the fintech…” https://www.barrons.com/articles/sofi-stock-upside-wall-street-61e40de7?siteid=yhoof2 I have to say I disagree. 70% increase? What’s his reasoning? The long term trend… Continue Reading…
May 17, 2024
“Shares of Virgin Galactic (NYSE: SPCE) stock soared 13.5% through 11:45 a.m. ET Monday, and for a most surprising reason: Investment bank TD Cowen lowered its price target on the space stock to $2 per share this morning. Now why would investors look at this… Continue Reading…
May 17, 2024
“The White House formally unveiled a sweeping array of new tariffs on Chinese goods Tuesday that will raise duties on $18 billion in Chinese imports. The long-awaited announcement will touch an array of sectors, with steel to semiconductors to medical… Continue Reading…
May 17, 2024
“And in 2024, it appears that meme stocks are rallying again. On Monday, GameStop’s share price soared by around 70% throughout the day and trading was paused multiple times due to volatility. On top of that, short sellers lost $1 billion due… Continue Reading…
May 15, 2024
“… …” https://www.cnbc.com/2024/05/14/klarna-says-90percent-of-its-employees-are-using-generative-ai-daily.html AI is the future. Get ready for it.
May 15, 2024
“Shares of Novavax closed nearly 50% higher on Monday as Wall Street cheered the company’s new multibillion-dollar deal with French drugmaker Sanofi that sparked a dramatic turnaround for the struggling vaccine maker. Novavax’s stock almost doubled on Friday after it announced the licensing agreement with Sanofi. Novavax on… Continue Reading…
May 15, 2024
“…Net income attributable to ordinary shareholders came in at 3.3 billion yuan, down 86% year on year. Shares of Alibaba closed down 6% in the U.S. after falling as much as 8.1% in the first hour of trading…” https://www.cnbc.com/2024/05/14/alibaba-baba-earnings-q4-2024.html The… Continue Reading…
May 15, 2024
“AMC Entertainment raised about $250 million of new equity capital, completing the sale Monday during the revived meme stock craze triggered by the return of “Roaring Kitty.” The movie theater operator sold 72.5 million shares in an at-the-market equity offering that… Continue Reading…
May 15, 2024
“…Though the state population grew 0.17% in 2023 — the first year of growth since the COVID-19 pandemic — California is still 1.2% smaller than it was in 2019, according to a Times data analysis. If the state continues to… Continue Reading…
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