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  • GameStop stock is surging after earnings, but there’s a clear problem
    Finance News

    GameStop stock is surging after earnings, but there’s a clear problem

    March 23, 2023 /

    It was not a clear fourth quarter for GameStop, in spite of the outpouring of trader affection. GameStop stock was up 48{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} in early buying and selling on Wednesday just after the business posted its initially quarterly financial gain in two years. The inventory is the number a single trending ticker on the Yahoo Finance system. GameStop’s net income tallied $48.2 million, a main swing from a web decline of $147.5 million a yr ago. At the exact time, on the other hand, the firm’s income fell 1.2{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} from the prior calendar year to $2.23 billion amid continued pressure on program income and extra closed merchants. Profits for 2022 dropped…

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    Exclusive: Lebanon to slash official exchange rate from end of October, finance min says

    Exclusive: Lebanon to slash official exchange rate from end of October, finance min says

    September 28, 2022
    Stocks fall as S&P 500 caps worst year since 2008

    Stocks fall as S&P 500 caps worst year since 2008

    January 1, 2023
    How Donald Trump got his Deutsche Bank loans

    How Donald Trump got his Deutsche Bank loans

    September 28, 2022
  • Asbury Automotive: Discounted Stock In The Automotive Industry
    Automotive

    Asbury Automotive: Discounted Stock In The Automotive Industry

    March 8, 2023 /

    skynesher/E+ via Getty Images Asbury Automotive Group (NYSE:ABG) is a Fortune 500 company and remains one of the largest automotive retailers in the US, even after recent divestiture activity. The company has demonstrated a growing top-line, having sold over 300,000 new and used vehicles, an improvement from the previous year. ABG is also leveraging its online car buying platform, Clicklane, and Total Care Auto to bring a more diversified portfolio to its customers. These initiatives have helped the company make progress towards its long-term target of achieving $32 billion in total annual revenue by 2025. Given its strong performance and growth prospects, ABG is an attractive investment opportunity in my…

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    Rivian Automotive (RIVN) Outpaces Stock Market Gains: What You Should Know

    Rivian Automotive (RIVN) Outpaces Stock Market Gains: What You Should Know

    February 3, 2023
    Mullen Automotive CEO, David Michery, is Featured on The Stock Day Podcast

    Mullen Automotive CEO, David Michery, is Featured on The Stock Day Podcast

    November 21, 2022
    Global Automotive Aftermarket Market Report to 2031

    Global Automotive Aftermarket Market Report to 2031

    December 30, 2022
  • Stock Market’s Fate Comes Down to the Next 13 Trading Sessions
    Finance News

    Stock Market’s Fate Comes Down to the Next 13 Trading Sessions

    March 6, 2023 /

    (Bloomberg) — Four key situations more than the future 13 buying and selling periods will be the vital catalysts in figuring out no matter if this year’s stock-market place revival gets derailed or begins rolling once more immediately after a February slump. Most Read through from Bloomberg It all begins Tuesday, when Federal Reserve Chair Jerome Powell provides his two-working day biannual monetary plan testimony on Capitol Hill. With the S&P 500 Index coming off its very best 7 days in a thirty day period, investors will be hunting for any hint on the central bank’s interest-charge climbing route. “The marketplace is clinging to just about every one favourable issue…

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    How the pandemic changed the rules of personal finance : Planet Money : NPR

    How the pandemic changed the rules of personal finance : Planet Money : NPR

    February 1, 2023
    Exclusive: Lebanon to slash official exchange rate from end of October, finance min says

    Exclusive: Lebanon to slash official exchange rate from end of October, finance min says

    September 28, 2022
    What the end of the ‘Great Moderation Era’ means for investors

    What the end of the ‘Great Moderation Era’ means for investors

    March 3, 2023
  • Is Rivian Automotive Stock a Buy Now?
    Automotive

    Is Rivian Automotive Stock a Buy Now?

    March 6, 2023 /

    Rivian Automotive‘s (RIVN 7.63{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}) inventory plunged 18{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} on March 1 right after a triple whammy of undesirable news. To start with, the electric powered vehicle maker posted a disappointing fourth-quarter report. It created $663 million in profits, which was a massive leap from $54 million a year before but broadly skipped analysts’ expectations by $66 million. Its adjusted web loss widened from $1.24 billion to $1.59 billion, or $1.73 for each share, but still cleared the consensus forecast by $.22. Next, Rivian announced that it had manufactured 24,337 cars in 2022, which skipped its individual focus on of 25,000. It had currently halved the complete-calendar year focus on from 50,000…

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    California cracks down on auto loan GAP coverage

    California cracks down on auto loan GAP coverage

    September 30, 2022
    Britishvolt’s failure is disaster for the UK auto industry

    Britishvolt’s failure is disaster for the UK auto industry

    January 20, 2023
    Stellantis evaluating dealers for chargers, EV sales needs

    Stellantis evaluating dealers for chargers, EV sales needs

    November 30, 2022
  • Tesla stock pops after China sales jump year-over-year
    Finance News

    Tesla stock pops after China sales jump year-over-year

    March 5, 2023 /

    Tesla (TSLA) stock jumped Friday right after the automaker noted potent China product sales. Tesla’s wholesale shipments for February from its China factory rose 32{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} from a year ago to 74,402 autos, according to China’s Passenger Auto Affiliation (CPCA). That also figure represents a 13{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} soar month around thirty day period from January. Shares of the EV maker have been up almost 3.6{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} Friday. The boost in February shipments is not surprising presented that CPCA reported February sales of new vitality automobiles, which include battery electric powered and hybrid profits, rose by 30{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} overall. And it mentioned last month that January would be a “weak” month for in general profits…

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    A few charts to remember before you jump to conclusions

    A few charts to remember before you jump to conclusions

    November 22, 2022
    Stocks slide to cap worst week since September

    Stocks slide to cap worst week since September

    December 11, 2022
    Stocks soar as investors look ahead to inflation data

    Stocks soar as investors look ahead to inflation data

    February 14, 2023
  • Stock futures waver, bitcoin rallies
    Finance News

    Stock futures waver, bitcoin rallies

    February 17, 2023 /

    U.S. stocks offered off on Thursday as buyers parsed by means of more hotter-than-expected financial information and hawkish Fedspeak. The S&P 500 (^GSPC) sank 1.4{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, even though the Dow Jones Industrial Typical (^DJI) declined by 1.3{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. The technologies-hefty Nasdaq Composite (^IXIC) plunged by 1.8{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. Bitcoin (BTC-USD) rallied, hitting a new six-month substantial as regulatory crackdowns drove ongoing uneasiness in the crypto area. The token briefly topped $25,000 for the initial time due to the fact August. The yield on the benchmark 10-calendar year U.S. Treasury note rose to 3.867{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} Thursday midday. The dollar index inched greater by just about .09{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} to trade at $104.02. Electricity traded lessen, with WTI crude…

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    The 2023 investment narrative is already diverging from 2022

    The 2023 investment narrative is already diverging from 2022

    January 20, 2023
    Big tech is out, ‘old economy’ is in on Wall Street: Morning Brief

    Big tech is out, ‘old economy’ is in on Wall Street: Morning Brief

    February 26, 2023
    Depositors yank another $126 billion from US banks

    Depositors yank another $126 billion from US banks

    April 2, 2023
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