Facebook stock on ‘death spiral’ as sales plummets
Meta is trading at its lowest since early 2019, and the stock is one of the worst performers this year in the S&P 500. The company’s problems are mounting, mostly from the ad
Nike Stock drops amid Inventory and inflation woes
Shares of Nike sank 11% on Friday, the biggest laggard on the Dow today! That happen after the company said it had too much inventory and not enough consumer demand. Inventories rose 44%
Thousands Protest in France Against Inflation
Thousands of people took to the streets in France on Thursday, as a first rally against inflation in EU! The protest was focused on demanding higher wages to cope with inflation and to
Market on slight rebound, recap bond & stocks
U.S. stock futures fell Thursday as concerns over growth! Inflation and central-bank policy continued to drive market volatility Tweet on the market recap, Thursday Market Recap:U.S. stock futures fell Thursday as concerns over
Berkshire Hathaway adds Occidental shares
Warren Buffet’s Berkshire Hathaway has bought more Occidental Petroleum shares! The company bought 5.99 million shares in the first three days of the week, bringing its stake to about 20.9%, according to an
Biogen Stock Surges After Study Shows Its Drug Slows Alzheimer’s
Biogen shares surged some 37% in afternoon trading! That happened after the company said its experimental Alzheimer’s drug had significantly slowed the disease’s progression in a large study, Biogen reports Tweet on the
China’s Yuan Hits Record Low Against Dollar!
China’s central bank has taken multiple steps to support the yuan this year! The yuan weakened past 7.2 to the dollar, complicating Chinese policy makers’ efforts to boost the country’s economy with lower
BoE: to Buy Bonds in Bid to Stop the financial woes!
The Bank of England said its bond purchases are set to run through mid-October in an effort to restore orderly market conditions. U.K. central bank is seeking to restore order to the market
Russia’s War affecting global economy over $ 2.8 Trillion
Russia’s invasion of Ukraine will cost the global economy $2.8 trillion in lost output by the end of next year! Or even more, if a severe winter leads to energy rationing in Europe,the
BofA Clients buying the dip in stocks!
Bank of America clients were net buyers of U.S. equities for a third straight week, the firm said Today After starting Tuesday’s trading session stronger, U.S. stocks turned lower shortly after midday, while