January 30, 2024
“…Meanwhile, Friday’s January employment report is expected to show that employers added 165,000 jobs. Shares of SoFi Technologies soared 22% in early action, set to retake their key 50-day moving average line. Early Monday, the company reported earnings of 2… Continue Reading…
January 30, 2024
“Amazon said on Monday it would not move forward with a planned acquisition of vacuum-maker iRobot, with the two companies saying in a release there was “no path to regulatory approval for the deal.” The Roomba maker also announced it would lay off 31% of its… Continue Reading…
December 18, 2023
“General Motors’ Cruise on Thursday announced internally that it will lay off 900 employees, or 24% of its workforce, the company confirmed to CNBC. The layoffs, which primarily affected commercial operations and related corporate functions, are the latest turmoil for the… Continue Reading…
December 12, 2023
“…”It is likely that only the top 1% of consumers by income will be better off than before the pandemic,” Kolanovic wrote, pointing to the growing signs of credit card and auto loan delinquencies, as well as Chapter 11 filings.… Continue Reading…
November 17, 2023
“Volvo Cars shares tumbled as much as 14% on Friday morning after its parent company Zhejiang Geely Holding Group began a sale of around 100 million shares of the Swedish carmaker. …Volvo shares are down 25% year to date… Geely will… Continue Reading…
November 13, 2023
“Airlines have a record 260 million seats to fill this quarter, and to do it, they’re offering fares that will run you about the same as a pair of movie tickets…” https://www.cnbc.com/2023/11/11/flight-discounts-are-back.html Are prices starting to collapse in the airline… Continue Reading…
October 4, 2023
“Stocks continued their recent sell-off on Tuesday amid a slew of concerning headlines for investors. Labor market data showed job openings unexpectedly jumped in August. An ongoing labor strike in the auto sector is intensifying. And surging oil prices are within a few percentage points of 2023… Continue Reading…
August 21, 2023
“…The company’s shares plummeted 39% on Thursday, erasing 18 billion euros ($20 billion) from Adyen’s market capitalization, as investors dumped the stock after the firm reported its slowest revenue growth on record. The stock closed down a further 2.9% on Friday… Continue Reading…
July 24, 2023
“The S&P 500 edged higher Monday as investors awaited a batch of key earnings reports and a major policy decision from the Federal Reserve. The Dow Jones Industrial Average gained 0.16%. The S&P 500 and Nasdaq Composite rose 0.29% and… Continue Reading…
July 6, 2023
“Indian shares closed higher on Thursday, in contrast to weakness in Asian and European equities, bucking concerns around an escalating Sino-U.S. trade conflict and rising odds of further policy tightening by the U.S. Federal Reserve. The Nifty 50 index settled… Continue Reading…
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