May 10, 2024
“…As far as growth goes, Coca-Cola Consolidated doesn’t really have any. Its first-quarter volume was down less than 1% year over year. And with slightly higher prices, its net sales rose 1%. Regarding profitability, there was improvement in the company’s… Continue Reading…
May 10, 2024
“TikTok and its Chinese parent company ByteDance sued in U.S. federal court on Tuesday seeking to block a law signed by President Joe Biden that would force the divestiture of the short video app used by 170 million Americans or… Continue Reading…
May 9, 2024
“U.S. automaker Tesla sold 62,167 China-made electric vehicles in April, down 18% from a year earlier, lagging the broader market’s surge, China Passenger Car Association (CPCA) data showed on Tuesday. Tesla shares fell 3.8% on Tuesday, amid concerns about softening… Continue Reading…
May 9, 2024
“…The parent company of Donald Trump’s Truth Social released a press release on Monday, explaining to its retail investor base how to recall shares from short-sellers. “TMTG wants to clarify that if shares are currently on loan by brokerage firms to facilitate… Continue Reading…
May 8, 2024
“Shares of Chinese electric vehicle maker Nio Inc jumped 20% Thursday after its vehicle deliveries more than doubled in April. Hong Kong-listed shares of the company jumped as much as 23% to 44.20 Hong Kong dollars, touching their highest level in over… Continue Reading…
May 8, 2024
“…Red Lobster is being bogged down by increased labor costs and expensive leases on its restaurants. Some observers were quick to blame the financial woes on its decision last year to make its “Endless Shrimp” promotion, which used to be… Continue Reading…
May 7, 2024
“Microsoft has signed a deal with Brookfield Asset Management to invest more than $10 billion to develop renewable energy capacity to power the growing demand for artificial intelligence and data centers, the companies announced on Wednesday. Brookfield will deliver 10.5 gigawatts… Continue Reading…
May 7, 2024
“Huawei Technologies’s net profit leapt 564% to 19.65 billion yuan ($2.71 billion) in the first quarter, a regulatory filing by its parent company showed on Tuesday, as it continues to recover from U.S. sanctions. Huawei’s revenue for the quarter to… Continue Reading…
Business
“THREE Boeing crashes in two days: Terrified passengers scramble to escape burning jet in Senegal and tyre explodes on 737 landing in Turkey – 24 hours after nose gear failure caused 767 to slam into runway” [Commentary]
May 13, 2024
https://www.dailymail.co.uk/news/article-13399941/THREE-Boeing-crash-landings-two-days-Terrified-passengers-scramble-escape-burning-jet-Senegal-tyre-explodes-737-landing-Turkey-24-hours-nose-gear-failure-caused-767-slam-runway.html The headline basically tells the story. While these events are tragic this volatility is great for day trading. Day traders might want to take advantage while they can.
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