Month: March 2024

Layoffs Rise To The Highest

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🇺🇸 🇺🇸 Layoff announcements in February hit their highest level for the month since 2009, Challenger, Gray & Christmas reported

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Costco Misses

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🍎 🍉 Costco misses holiday-quarter revenue expectations despite online growth. E-commerce sales grew 18.4% in the quarter compared with the year earlier

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US To Ban TikTok

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🚨 🚨 The U.S. House Energy and Commerce committee has unanimously approved a bill that could lead to a ban on TikTok in the United States unless its parent company, ByteDance, divests the social media platform. The legislation, which passed with a 50-0 vote, gives ByteDance 165 days to sell TikTok

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Gap Beats

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🚨 🚨 Gap is higher after a big earnings beat. The retailer also topped expectations for same-store sales and gross margin. It’s one of the top gainers in retail over the past year, up 60%

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Docusign Surges

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🚨 🚨 DocuSign is up about 10% after hours. The e-signature giant posted a big earnings beat, with revenue also coming in ahead of expectations

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Powell Comes Clean, Stocks Surge

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🚨 🚨 This is why the S&P and Nasdaq Surged To New Records: Powell: “We’re waiting to become more confident that inflation is moving sustainably at 2%,” Powell said Thursday while answering questions from the Senate Banking Committee. “When we do get that confidence — and we’re not far from it — it’ll be appropriate to begin to dial back the level of restriction”

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S&P And Nasdaq At New Records

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🚨 🚨 BREAKING: S&P 500 and Nasdaq rise to new records

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Powell: Cuts Can Begin This Year

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🇺🇸 🇺🇸 FED CHAIR POWELL: IF ECONOMY EVOLVES AS EXPECTED, CUTS CAN BEGIN THIS YEAR

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The Options Market Always Wags The Tail

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🚨 🚨 Options volume in semiconductor stocks, and especially $NVDA, has surged to new all-time highs, per Goldman

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Trump Haters Take Note

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🇺🇸 🇺🇸 Donald Trump will tighten his grip on the GOP on Friday when his allies are poised to take control of the Republican National Committee at a meeting in Houston, Texas

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