April 25, 2024
“Tesla’s loss of $328.3 billion this year in stock value certainly hurts. But it’s amazingly only the second-largest market value loss in the S&P 500. The dubious distinction of shredding the most value this year goes to Apple (AAPL). The Johnny-come-lately to AI’s… Continue Reading…
April 25, 2024
“…The company’s shares are weathering the longest rout since late 2022, tumbling nearly 19% over the past seven days, amid doubts about its business strategy as sales of electric vehicles slump… Such concerns have driven the stock down nearly 43%… Continue Reading…
April 17, 2024
“Baby boomers bought up many of the big homes across the U.S. when they were raising their families. Now they’re staying put, even though their kids are all grown up. Boomers are on top in a housing market where tight… Continue Reading…
April 17, 2024
“Boeing stock continues to be weak for a litany of reasons. Boeing stock has been under pressure all year following an emergency door plug blowout on a 737 MAX 9 jet operated by Alaska Air Group on Jan 5. The… Continue Reading…
April 12, 2024
“…Based in the central Henan province, Tianrui’s stock plunged 99% to about HK$0.05 Tuesday, cutting its market capitalization to HK$141 million ($18 million). During the selloff, about 281 million shares, or a third of the firm’s free float, changed hands.… Continue Reading…
April 11, 2024
“…The CPI, a broad measure of goods and services costs across the economy, rose 0.4% for the month, putting the 12-month inflation rate at 3.5%, or 0.3 percentage point higher than in February, the Labor Department’s Bureau of Labor Statistics reported Wednesday. Economists… Continue Reading…
April 1, 2024
“…Long the world’s undisputed cocoa powerhouses accounting for over 60% of global supply, Ghana and its West African neighbour Ivory Coast are both facing catastrophic harvests this season. Expectations of shortages of cocoa beans – the raw material for chocolate… Continue Reading…
March 29, 2024
“Viking Therapeutics shares closed more than 15% higher on Tuesday after the company said its experimental weight loss pill showed positive results in a small study and will enter the next stage of development later this year… Viking is one of several small… Continue Reading…
March 28, 2024
“… Here’s how the company did: Micron said revenue rose to $5.82 billion from $3.69 billion in the year ago quarter. The company reported a net income of $793 million, up from a net loss of $2.3 billion in the… Continue Reading…
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