Independent thinking for complex markets and current events
Airbnb shares dropped 14% in after-hours trading after the company reported second-quarter earnings that missed analyst expectations and warned that it’s seeing signs of slowing demand from U.S. customers. Here’s how the company did compared to LSEG estimates for the quarter ended June 30: Earnings per share: $0.86 versus $0.92 expected. Revenue: $2.75 billion versus …
https://twitter.com/MichaelAArouet/status/1818898560319914099
When you type “why DEI is” into Google search… pic.twitter.com/szMlkkRJxb — Steve McGuire (@sfmcguire79) July 29, 2024 h/t Stephen Green
Shopping on Amazon is unbelievably frustrating now – I just want to buy shower shelves from a legitimate company byu/pigeon_at_a_keyboard inmildlyinfuriating
Google is in advanced talks to acquire cybersecurity firm Wiz for $23 billion, The Wall Street Journal reported Sunday, citing people familiar with the matter. The people familiar told the Journal that a deal could come soon. If completed, the deal would be Google’s largest ever acquisition. Google is in advanced talks to acquire cybersecurity …
This company only make 3.5B/year, but it’s worth 200B byu/Loud_Pineapple_4294 inwallstreetbets
Nautilus Holdings Ltd, a Bermuda-chartered company that leases container ships, filed for Chapter 11 bankruptcy protection in New York. The company, burdened with approximately $770 million in debt, sought this protection to bring creditors into a single forum for negotiations. Nautilus operates a fleet of 16 container ships, each with capacities of up to 7,000 …
Shares of Airbus fell Tuesday after the company said it was cutting its financial targets for 2024. Airbus said it was now expecting lower earnings before interest and taxes and fewer commercial aircraft to be delivered this year. The company cited supply chain issues and additional costs in its space systems division as reasons for …
NEW DELHI: Elon Musk’s brain-implant startup Neuralink is facing a lawsuit from a former employee who claims she was forced to work with monkeys carrying the Herpes B virus under unsafe conditions and was later fired after announcing her pregnancy. The complaint, filed on Friday in a California state court, adds to growing scrutiny of …
The entire value of the S&P 500 currently stands at $45.5 trillion, according to FactSet. Tesla CEO Elon Musk claimed on Thursday that his company’s Optimus humanoid robots could eventually make the automaker worth more than half of that. Musk, who characterized himself as “pathologically optimistic” at the 2024 annual shareholder meeting in Austin, Texas, …
Scooter Company To Shut Down Devices Ridden Across LGBTQ+ Crosswalk. Last week, the Spokane Police Department announced felony charges for one adult and two minors for riding scooters over an LGBTQ+ crosswalk in Spokane, Washington. Investigators say the scooters left “black scuff marks on the mural. In addition to the charges, Lime, a company that …
Boeing received orders for only four new planes in May — and for the second straight month, none for its best-selling 737 Max, as fallout continues from the blowout of a side panel on a Max during a flight in January. The results released Tuesday compared unfavorably with Europe’s Airbus, which reported orders for 27 …
Nvidia passed Apple in market cap on Wednesday as investors continue betting on the chipmaker behind the artificial intelligence boom. Nvidia is now the second-most valuable public company, behind Microsoft. Nvidia also hit a $3 trillion market cap milestone on Wednesday after shares rose over 5%. Nvidia passed Apple in market cap on Wednesday as …
BREAKING: Alex Jones’ show will continue after a federal judge rejects a request to immediately shut down his media company. pic.twitter.com/ABo5mrG4ks — Leading Report (@LeadingReport) June 4, 2024 According to recent news, a federal judge has rejected a request to immediately shut down conspiracy theorist Alex Jones’ media company, including Infowars. The judge ruled that Jones’ company, Free Speech Systems, …
We are witnessing political stock trading history Tuberville's HUMA trade is up another 17% today And now 200% since his filing came out back on April 15 A Politician making bank on a war company while sitting on the armed services committee … You gotta love it. And for… pic.twitter.com/9qqcz6uX4Q — Nancy Pelosi Stock Tracker …
Cue Health has reached the end of the road. The San Diego-based medical tech company announced Monday that it’s laying off its entire staff. The company once had 1,500 workers, thriving during the COVID-19 pandemic with sales of its test devices to Google, the NBA and the Department of Defense. But with far less demand …
Sam Altman is now chairman of a public company. But it’s not OpenAI. On Friday, advanced nuclear fission company Oklo started trading on the New York Stock Exchange. The company, which has yet to generate any revenue, went public through a special purpose acquisition company (SPAC) called AltC Acquisition Corp., founded and led by Altman. …
Ambri, a company on the cutting edge of developing liquid metal batteries with backing from Bill Gates, has hit a financial snag and filed for bankruptcy. The company cites a tough time raising funds and disputes with a landlord and contractor as the culprits, issues that surfaced when expansion plans were scrapped. The Wall Street …
Tesla’s recent earnings stumble, coupled with its first year-over-year sales drop, casts a shadow over the electric vehicle giant. Despite bold initiatives like the Cybertruck launch and pricing adjustments, revenue plummeted by 9% in Q1, prompting investor alarm. Despite Tesla's efforts, including the launch of the Cybertruck and refreshing the Model 3 with lower prices …
Consolidated Nuclear Security LLC (CNS) has agreed to pay the United States $18.4 million to settle allegations that, between July 1, 2014, and June 30, 2020, CNS knowingly submitted false claims to the National Nuclear Security Administration (NNSA) for time not worked at NNSA’s Pantex Site near Amarillo, Texas. The NNSA’s Pantex Site is the …
U.S. Steel shareholders on Friday approved its proposed $14.9 billion acquisition by Japan’s Nippon Steel, taking the merger one step closer to completion even as political opposition to the deal mounts. U.S. Steel said that over 98% of the votes were in favor of the deal under which Nippon will pay $55 per share, an …
𝕏 respects the laws of Brazil and all countries in which we operate. When given an order to break the law, we must refuse. https://t.co/vLuFUP9gN8 — Elon Musk (@elonmusk) April 10, 2024 “Fostering unchecked free speech” for criticizing a corrupt judge. Incredible. The Brazilian left operates by bizarro rules. https://t.co/WxfAI1r4cL — Ian Miles Cheong (@ianmiles) …
(Bloomberg) — A Chinese cement producer was in the spotlight after it suspended stock trading Wednesday, following a selloff that nearly wiped out all its market value in the final 15 minutes of the previous session. China Tianrui Group Cement Co. said trading in its Hong Kong-listed shares has been halted from 9 a.m. local …
Apple’s iPhone Woes in China Deepen With a 24% Sales Plunge Apple Inc.’s iPhone sales in China fell by a surprising 24% over the first six weeks of this year, according to independent research that may stoke fears about worsening demand for the marquee but aging device. The figures from Counterpoint Research add to pressure …
PacifiCorp, a unit of Warren Buffett’s Berkshire Hathaway, is attempting to negotiate a settlement with the US government, as the latter is threatening to sue the company to redeem nearly $1 billion in costs related to the 2020 wildfires in southern Oregon and northern California. The potential lawsuits were revealed in an annual report filed …
MicroStrategy insiders sold shares worth $128 mln YTD. Historically they had good timing with selling stocks. h/t mrmrmrj
INTC has been touted as the “value” play out of the semi-conductor industry as companies like NVDA and AMD are trading at insane valuations… but when does “insane” become reality? NVDA is growing into it’s valuation at an incredible pace. INTC: 10-year revenue growth of 20% (total). NVDA: 10-year revenue growth of 1,900%. Chart from ChartWiz.io …
The return of America to the moon went sideways, literally, after hectic hacking on Thursday saved the landing from being a disaster. As a result, even though many celebrated the return of America’s first moon landing since 1972, the stock in the company that made the lunar lander Odysseus dropped 32 percent in after-hours trading …
