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Business, Stocks

“HelloFresh shares dive 42% after meal kit giant warns on outlook”

“… …” https://www.cnbc.com/2024/03/08/hellofresh-shares-dive-42percent-after-meal-kit-giant-warns-on-outlook.html

Economy, Stocks

“S&P 500 might crash 60%, a recession is looming, and speculation is rife, warns elite technical analyst Milton Berg”

“…Stocks might crash up to 60%, a recession seems likely, and market speculation has reached dangerous levels, a veteran technical analyst warned… Berg was likely nodding to John Hussman, who’s flagged the risk of a 63% plunge in the S&P 500,… Continue Reading…

Banking, Business

“NYCB says it lost 7% of deposits in the past month, slashes dividend to 1 cent”

“New York Community Bank said Thursday it lost 7% of its deposits in the turbulent month before announcing a $1 billion-plus capital injection from investors led by former Treasury Secretary Steven Mnuchin’s Liberty Strategic Capital. The bank had $77.2 billion in deposits as… Continue Reading…

Business

“Hugo Boss plunges 13% on pessimistic sales outlook”

“Shares of Hugo Boss plunged 13% Thursday, after warning that it may fail to meet its 2025 sales target amid weakening consumer demand. The German high-end fashion brand was on course for its worst trading day since 2016, after it said it… Continue Reading…

Real Estate

“Weekly mortgage demand surges 11% as more homes hit the spring market”

“…Mortgage applications to purchase a home increased 11% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Demand was still 8% lower than the same week one year ago. The average contract interest… Continue Reading…

Business

“Apple’s iPhone sales in China plunge 24% as Huawei’s popularity surges”

“BEIJING (Reuters) -Apple’s iPhone sales in China fell 24% year-on-year in the first six weeks of 2024, according to research firm Counterpoint, as the U.S. company faced increased competition from domestic rivals such as Huawei. The U.S. tech giant’s chief… Continue Reading…

Economy

“…Wharton professor sees $34 trillion debt triggering 2025 meltdown as mortgage rates spike above 7%: ‘It could derail the next administration’”

“…Gomes predicts America’s $34 trillion debt burden may upset the world’s financial markets as early as next year—should a president-elect announce a raft of expensive policies. And remember the UK’s mortgage meltdown following a disastrous premiership under Prime Minister Liz… Continue Reading…

Stocks

“Wall Street Sees 100% Upside for This Artificial Intelligence (AI) Stock No One Is Talking About”

“…Pagaya stock is up 46% during the past year, and at the current price, it trades at a price-to-sales ratio of 1.4. That’s a bargain for a high-growth stock with serious disruptive opportunity. The average Wall Street analyst forecast for… Continue Reading…

Stocks

“A Bull Market Is Here: 2 Magnificent Stocks Down 80%…”

“…Adria Cimino (Intellia Therapeutics): Intellia stock has dropped more than 80% below its high over the past three years, even as this CRISPR gene-editing specialist moves closer to the finish line with its lead candidates. And this could offer bargain-hunting investors looking for… Continue Reading…

Banking, Real Estate, Stocks

“Shares of NYCB falls 25% after bank discloses ‘internal controls’ issue, CEO change”

“Shares of New York Community Bancorp fell more than 25% on Friday after the regional lender announced a leadership change and disclosed issues with its internal controls… NYCB has been under pressure in recent months due in part to concerns about its exposure to… Continue Reading…