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Stocks

“Shares of Temu parent company PDD plunge almost 29%; ‘too large a correction’, says analyst”

“The nearly 30% drop in shares of Chinese online retailer PDD Holdings is “too much of a correction,” according to Shaun Rein, founder and managing director of the China Market Research Group. Speaking to CNBC’s “Street Signs Asia,” Rein said… Continue Reading…

Stocks

“Dexcom shares plummet almost 40% after company misses on revenue, lowers guidance” [Jul 25 2024]

“Shares of Dexcom tumbled almost 40% in extended trading Thursday after the diabetes management company reported disappointing revenue for the second quarter and offered weak guidance. Here’s how the company did: Dexcom’s revenue increased 15% from $871.3 million a year earlier, according to a… Continue Reading…

Economy

“Drug prices have risen almost 40% over the past decade, according to a new tracker”

“… …” https://www.cnbc.com/2024/06/27/goodrx-tracker-drug-prices-rise.html

Stocks

“Reddit shares plunge almost 25% in two days, finish the week below first day close”

“…Shares closed at $49.32, ending the week below their closing price on Reddit’s first day of trading on the New York Stock Exchange. They closed at $50.44 last Thursday. Stock markets are closed on Good Friday… Reddit shares started off the week… Continue Reading…

Economy

“Almost half of voters say student loan forgiveness is a key issue in 2024 election, survey finds”

“Almost half of all voters, or 48%, say canceling student loan debt is an important issue to them in the 2024 presidential and congressional elections, a new survey finds. Among younger people, 70% of Gen Z respondents said the action… Continue Reading…

Business, Economy

“You’ll have almost zero competition to land a ‘highly paid’ job in these 10 cities”

“… Here are the cities with the least competition for highly paid jobs: … “The salaries of the high-paying jobs are relative to the median salaries in each state or city, so the competition rates are more reflective of a… Continue Reading…

Economy

“The average tax refund is almost 29% lower this tax season, according to early IRS data”

“With tax season in full swing, the IRS has issued more than 2.6 million refunds worth about $3.65 billion, as of Feb. 2, the agency reported last week. So far, the average refund is $1,395, compared with $1,963 one year ago, which is… Continue Reading…

Cryptocurrencies

“Solana Is Up Almost 2,700% in the Past 3 Years. Is It the PayPal of the Future?”

“Although Solana (CRYPTO: SOL) currently sits 67% below its all-time high, which was set in November 2021, this cryptocurrency has still skyrocketed 2,700% in the last three years. That gain crushes the rise of the Nasdaq Composite Index… About two years ago, Solana Pay… Continue Reading…

Banking

“JPMorgan to buy almost $2 billion of mortgages in the PacWest deal”

“JPMorgan Chase & Co will buy almost $2 billion worth of mortgages to facilitate Banc of California’s purchase of PacWest Bancorp, a source with knowledge of the matter told Reuters. The investment bank has entered into an agreement to buy… Continue Reading…

Business

“Tech stocks got whacked in 2022 — but one server maker soared almost 90%, beating all its peers”

“It’s been a brutal year for tech stocks. The Nasdaq is headed for its worst slump since 2008 and is poised to underperform the S&P 500 for a second straight year. Among mega-cap tech stocks, Amazon, Meta and Tesla have each lost at least half their value.… Continue Reading…