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Business, Stocks

“Peloton CEO Barry McCarthy to step down, company to lay off 15% of staff as it looks to refinance debt”

May 8, 2024

“Peloton announced Thursday that CEO Barry McCarthy will be stepping down and the company will lay off 15% of its staff because it “simply had no other way to bring its spending in line with its revenue.”… Peloton’s shares surged more… Continue Reading…

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Stocks

“DJT shares close down more than 9% as Trump Media hot streak stalls”

May 7, 2024

“Trump Media shares dropped sharply Wednesday, closing down by more than 9.5%. Trump Media, which trades under the DJT ticker, closed at $45.16 per share, a loss of $4.77 per share. The company, which owns the Truth Social app, is still trading well below the… Continue Reading…

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Stocks

“CVS shares plummet as health company slashes profit outlook on higher medical costs”

May 7, 2024

“CVS Health on Wednesday reported first-quarter revenue and adjusted earnings that missed expectations and slashed its full-year profit outlook, citing higher medical costs that are dogging the U.S. insurance industry. Shares of the company closed more than 16% lower on Wednesday, and were headed… Continue Reading…

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Banking, Economy, Stocks

“U.S. Money Supply Is Doing Something So Rare That It Hasn’t Happened Since the Great Depression — and a Big Move in Stocks May Follow”

May 6, 2024

“…What’s interesting about the M2 money supply garnering attention is that it’s a metric most economists tend to ignore. It’s been steadily rising for so many decades that it’s almost taken for granted that the money supply will expand as… Continue Reading…

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Stocks

“Thares of two big online education stocks tank more than 10% as students use ChatGPT”

May 2, 2024

“The rapid rise of artificial intelligence appears to be taking a toll on the shares of online education companies Chegg and Coursera. Both stocks sank by more than 10% on Tuesday after issuing disappointing guidance in part because of students using AI tools… Continue Reading…

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Stocks

“Former Tesla SVP Drew Baglino is selling $181.5 million worth of stock, SEC filing says”

May 1, 2024

“ …” https://www.cnbc.com/2024/04/25/former-tesla-svp-drew-baglino-is-selling-181point5-million-worth-of-stock.html His sell of stock might not be long term. (over five years) There’s always the possibility of him just wanting to avoid the upcoming stock market crash. It’s going to happen and can’t be avoided. Once the… Continue Reading…

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Stocks

“Apple stock will soar 36% as it gears up to launch an AI-enable iPhone, BofA says”

May 1, 2024

“…Apple stock is a “top pick” for 2024 and has potential upside of 36% as it gears up for the launch of an AI-enabled iPhone, according to Bank of America. The bank reiterated its “Buy” rating and $225 price target for… Continue Reading…

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Stocks

“Super Micro Stock Plunges 23% On Lack Of Preliminary Results. It’s A Big Sell Signal.”

May 1, 2024

“Super Micro stock fell hard after the data-center computer specialist didn’t announce preliminary results for its fiscal Q3…” https://finance.yahoo.com/m/df275135-5e40-3040-8132-e1e68a1e7019/super-micro-stock-plunges-23-.html the market is assuming results will be bad. with such a sharp decline it might be a good idea to watch… Continue Reading…

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Economy, Predictions, Opinions, & Comments

“Are Stocks Going to Crash if Joe Biden Wins and Democrats Control Congress? Here’s What History Says About Stock Market Returns When Democrats Win.”

April 30, 2024

https://finance.yahoo.com/news/stocks-going-crash-joe-biden-090600124.html This article is garbage so I’ll just comment on the headline. This is my opinion on whats going to happen. The market is going to crash either way but outcomes will be different depending on who’s President. Under Biden… Continue Reading…

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Business, Stocks

“JetBlue shares tumble nearly 19% after airline lowers 2024 revenue outlook”

April 29, 2024

“…JetBlue has been on a cost-cutting spree, culling unprofitable routes, and focusing on those with steady demand and high sales for premium seats. The carrier last month called off its merger agreement with budget carrier Spirit Airlines after a judge blocked that $3.8 billion deal… Continue Reading…

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