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Stocks

“Teladoc CEO departs the company after stock’s 95% fall from 2021 highs”

April 8, 2024

“…The company’s board of directors has temporarily appointed Mala Murthy, chief financial officer, as Gorevic’s replacement and hired an executive search firm to determine a permanent successor. Shares of Teladoc closed up more than 1% Friday but are down about… Continue Reading…

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Economy

“Lyft and Uber say they’ll leave Minneapolis after city requires drivers to be paid more”

March 21, 2024

“MINNEAPOLIS — Lyft and Uber said they will cease operations in Minneapolis after the city’s council voted Thursday to override a mayoral veto and require that ride-hailing services increase driver wages to the equivalent of the local minimum wage of… Continue Reading…

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Business, Stocks

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

March 12, 2024

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

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Stocks

“Nvidia stock surges after earnings beat estimates across the board”

February 27, 2024

“….For the quarter, Nvidia reported adjusted earnings per share (EPS) of $5.16 on revenue of $22.1 billion. Analysts were expecting EPS of $4.60 on revenue of $20.4 billion. That’s a massive jump from the same period last quarter when Nvidia… Continue Reading…

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Stocks

“JetBlue shares jump after activist Carl Icahn reports stake and calls shares undervalued”

February 23, 2024

“Activist investor Carl Icahn late Monday reported a nearly 10% stake in JetBlue Airways, saying the airline stock is undervalued. Shares of JetBlue gained 21% on Tuesday… In the past 12 months, JetBlue’s stock is down more than 27% as of… Continue Reading…

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Economy

“Israel’s Economy Contracts Nearly 20% After Outbreak of War”

February 21, 2024

“…Gross domestic product shrank an annualized 19.4% in the final three months of last year, in seasonally-adjusted terms, according to preliminary figures released on Monday. That was worse than every estimate in a Bloomberg survey of analysts, whose median forecast… Continue Reading…

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Stocks

“Lyft shares jump over 35%, retaining some gains after forecast error” [Feb 14]

February 21, 2024

“Lyft shares closed up over 35% on Wednesday, retaining some gains after the company said it made a major error in a press release reporting its latest results, but still outperformed analyst estimates… Lyft stock initially shot up more than 60%… Continue Reading…

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Business

“Facebook made a major change after years of PR disasters, and news sites are paying the price”

January 24, 2024

“…Facebook, now known as Meta, is out of the news business, a move that’s disrupted the traffic flow for many publications — Mother Jones has seen a 99% drop in Facebook referrals since its peak — and had disastrous consequences for… Continue Reading…

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Business

“Wayfair shares surge after home goods retailer announces 1,650 job cuts, 13% of workforce”

January 23, 2024

“Wayfair is cutting 13% of its global workforce as the digital home goods retailer continues its efforts to trim down its structure, cut out layers of management and reduce costs after going “overboard” with corporate hiring during the Covid pandemic, it… Continue Reading…

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Cryptocurrencies

“After false SEC post on ETF, bulls still see bitcoin at all-time highs this year”

January 12, 2024

“…a post from the account of the U.S. Securities and Exchange (SEC) on the X social media platform, formerly known as Twitter, on Tuesday claimed that the long-awaited bitcoin exchange-traded fund (ETF) had been approved. It turned out it hadn’t. Instead, the SEC… Continue Reading…

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