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Cryptocurrencies

“Coinbase shares slide 11% on hot inflation report”

“Shares of cryptocurrency exchange Coinbase dove more than 11% on Thursday after the Consumer Price Index showed inflation continued to increase in September beyond Wall Street’s expectations. Bitcoin and other stocks tied to the success of crypto felt the pain, too. Riot Blockchain, Marathon Digital and Microstrategy were all lower… Continue Reading…

Stocks

“Tesla shares dip after third-quarter production and deliveries report”

“Shares of Tesla slid about 7% early Monday after the electric vehicle maker released third-quarter production and delivery numbers on Sunday that fell short of analysts’ estimates.  Tesla reported 343,000 total deliveries and 365,000 vehicles produced during the quarter, which missed analysts’ expectations of… Continue Reading…

Business

“Bed Bath & Beyond reports 28% drop in sales as it presses ahead with turnaround plan”

“Bed Bath & Beyond on Thursday said sales plunged by 28% in the fiscal second quarter, as the home goods retailer struggled to draw customers… Bed Bath reiterated its full-year outlook, saying it anticipates comparable sales to decline by about 20%… Continue Reading…

Business, Cryptocurrencies

“GameStop reports wider loss, announces partnership with crypto exchange FTX”

“GameStop said Wednesday that quarterly sales declined and losses widened, as it burned through cash and inventory swelled. The video game retailer also disclosed a new partnership with crypto exchange FTX. Shares of the company rose more than 6% in premarket trading Thursday.… Continue Reading…

Personal Finance

“A recent TransUnion report shows personal loan balances are up 31%…”

“According to the Q2 2022 TransUnion Credit Industry Insights Report, total personal loan balances have increased by 31% since last year, reaching a record total of $192 billion…” https://www.cnbc.com/select/how-to-get-lower-interest-rate-as-personal-loan-balances-rise/ Now is not the time for loans. You want to reduce your debt as… Continue Reading…

Business, Stocks

“Twitter shares jump 3% on reports it could accept Elon Musk’s bid as early as Monday”

“Twitter shares jumped more than 3% on reports the company is nearing a deal with Elon Musk that could be announced as soon as Monday. Musk earlier this month offered to buy Twitter for $54.20 a share, or about $43 billion. The social media… Continue Reading…

Economy

“Despite rising wages, 61% of Americans are still living paycheck to paycheck, report finds”

“…At the end of 2021, 61% of the U.S. population was living paycheck to paycheck, down slightly from a high of 65% in 2020, according to a recent LendingClub report. Even among those earning six figures, 42% said they were living… Continue Reading…

Economy

“10-year Treasury yield tops 2% for the first time since 2019 after hot inflation report”

“U.S. Treasury yields climbed on Thursday, with the benchmark 10-year rate breaching the 2% level, after key inflation data showed hotter-than-expected price pressures. The yield on the 10-year Treasury note jumped 6 basis points to hit a session high of 2%, the… Continue Reading…

Business

“Chip sales are set to grow nearly 10% in 2022 as risks rise, predicts new report”

“…Semiconductor sales are expected to grow by another 9% and cross $600 billion for the first time in 2022, the analysts predicted. That’s on top of the 26% growth to $553 billion in 2021, they added. A months-long semiconductor shortage… Continue Reading…

Personal Finance

“Student debt can make buying a home feel impossible…”

“Half of people who haven’t yet purchased a home point to their student debt as a reason for the delay. That’s the finding from a new report by the National Association of Realtors, which partnered with Morning Consult to conduct an online… Continue Reading…