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Economy

“Labor Day Travel Seen Climbing 9% After Record US Summer”

“Bookings for domestic travel over the US Labor Day weekend are up 9% from last year, according to motor club AAA. While the estimate only includes travel booked through AAA, the data adds to a sanguine picture for summer fuel… Continue Reading…

Stocks

“Chewy shares fall nearly 7% as the boost from Roaring Kitty’s new stake diminishes” [UPDATED MON, JUL 1 2024]

“…The filing showed Roaring Kitty, whose legal name is Keith Gill, bought just over 9 million shares — amounting to a 6.6% stake in the company. That makes him the third-biggest Chewy shareholder, according to FactSet. Based on Friday’s close, that… Continue Reading…

Stocks

“AMC buy imbalance 9,831,233 Only fraud and corruption stopping AMC from going to the moon SEC DOJ?”

Had to share this. At this point we have to wonder if the SEC is in on the corruption. This amount of fraud is insane.

Stocks

“DJT shares close down more than 9% as Trump Media hot streak stalls”

“Trump Media shares dropped sharply Wednesday, closing down by more than 9.5%. Trump Media, which trades under the DJT ticker, closed at $45.16 per share, a loss of $4.77 per share. The company, which owns the Truth Social app, is still trading well below the… Continue Reading…

Business

“Apple supplier Foxconn posts 9% fall in first-quarter revenue, sees growth ahead”

“Apple iPhone manufacturer Foxconn on Friday posted a dip of 9.6% in revenue for the first quarter of 2024, compared with the same period last year. The company, which trades as Hon Hai Precision Industry in Taiwan, recorded first-quarter revenue of 1.32 trillion New Taiwan dollars… Continue Reading…

Stocks

“Reddit investors shrug off hold rating, bid up stock another 9% as post-IPO rally continues”

“…The shares climbed 8.8% on Tuesday to close at $65.11. They’re now up 92% since debuting on the stock market last week under ticker symbol “RDDT.” It was the first social media IPO since Pinterest’s offering in 2019. Reddit and existing shareholders sold 22… Continue Reading…

Stocks

“Nordstrom shares jump 9% on report retailer is trying to go private”

“…The retailer’s founding family is working with Morgan Stanley and investment bank Centerview Partners to determine if private equity firms have interest in a deal, Reuters reported, citing people familiar with the matter. Morgan Stanley declined to comment. A deal might not happen,… Continue Reading…

Business

“Target blamed theft and violence for 9 store closures…”

“On Sept. 26, Target set off a national firestorm when it said it would close nine stores in four states because theft and organized retail crime had made them too dangerous to run. On its face, Target’s announcement was evidence that retail crime… Continue Reading…

Business

“Intel closes up 9% after earnings beat shows progress toward $3 billion in cost savings”

“Intel stock closed up 9.3% on Friday after the company beat Wall Street expectations for profit and sales. On Thursday, the chipmaker reported earnings per share of 41 cents, adjusted, versus the LSEG estimate of 22 cents. It posted $14.16 billion in revenue… Continue Reading…

Economy

“Nikola stock surges 9% after disgraced founder Trevor Milton ordered to repay $165 million”

“Shares of electric truck maker Nikola traded higher Tuesday after the company said in a regulatory filing that its disgraced founder, Trevor Milton, has been ordered to pay the company about $165 million in damages. Shares closed up about 9%, trading at a little… Continue Reading…