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Gas prices see ‘ultra-rare’ drop to start summer
Average price per gallon falls to $3.40 on Monday, the lowest June level since 2021, says GasBuddy’s Patrick De Haan
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A ‘no-landing’ scenario for the U.S. economy isn’t bad for stocks, BofA says
Stronger growth in the U.S. economy is positive for the stock market, “as long as inflation remains in check,” according to BofA Global Research.
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Walmart upgraded to buy as third-party sellers, advertising and improved fulfillment are winning customers
Advertising, online third-party marketplace sales and fulfillment services now account for about 80% of operating profit in the U.S.
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I met a woman on Hinge who says she wants a man who believes in ‘chivalry.’ Is this just code for a free meal?
“She said her ideal date was a man who would give her a choice of three restaurants to choose from and who would take charge of the date.”
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This chart shows why people are so down on the economy — even with the stock market at record highs
Inflation has slowed, unemployment remains subdued and wages continue to rise. So why are Americans still feeling so downbeat about the economy?
10 de junho de 2024
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FuelCell’s stock gains after earnings but is still in delisting territory
FuelCell’s stock got a slight lift Monday after the fuel-cell-technology company reported fiscal second-quarter results, but the boost was not enough to get the stock out of delisting territory.
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As Nvidia’s stock split takes effect, this stat shows how far it’s come
Nvidia’s stock is set to open Monday near $120, a function of the company’s 10-for-one stock split that was enacted after Friday’s close.
10 de junho de 2024
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Elon Musk says it’s ‘not cool’ that big Tesla shareholder opposes $56 billion pay package
Musk says that “roughly 90% of retail shareholders” support a plan to give him a $56 billion bonus this week.
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Krispy Kreme’s stock soars after Truist upgrades it to buy on high hopes for McDonald’s deal
Truist analysts say it’s time to “indulge in an underappreicated story.”
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Adobe’s stock gets a downgrade as its AI narrative is nuanced
The software company reports earnings on Thursday.
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Perion’s stock falls after ad-tech company loses Microsoft Bing business
Perion’s stock was down 23% on reduced revenue outlook.
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PishPosh is again seeking to go public
Just two months after pulling plans for a deal, the online retailer of baby products is again filing for an IPO.
10 de junho de 2024
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Treasury yields rise, as inflation, Fed in week’s spotlight
Treasury yields continued to move higher on Monday as investors nervously awaited a Fed meeting and important data due midweek.
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‘People get wealthy in many different ways.’ Money you keep matters more than how much you make.
Save diligently and spend prudently — unless of course money is no object.
10 de junho de 2024
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Southwest Airlines’ stock surges after report of activist Elliott’s large stake
Southwest Airlines’ stock surged toward their best day in more than two years Monday, after The Wall Street Journal reported activist investor Elliott Investment Management has amassed a near $2 billion stake in the airline.
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Here’s when the inflation-fighting power of TIPS bonds and ETFs really kicks in
As inflation expectations rise, so does the average amount by which TIPS outperform U.S. Treasurys.
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Nvidia, Intel, Qualcomm and other chip giants are competing to put AI on your PC. Here’s the front-runner.
How Big Tech’s big week in Taiwan and Nvidia’s Jensen Huang revealed AI’s future on the laptop.
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Republican or Democrat doesn’t matter. Presidential elections boost stocks.
The Dow’s average return is higher in the five months prior to voting.
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A ‘generational opportunity’ could see Nvidia become 15% of the S&P 500
Big tech stock splits tend not to mark a speculative top, says Julian Emanuel, strategist at Evercore ISI.
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Oil prices nudge higher after third straight weekly loss
Oil futures saw tiny gains early Monday, attempting to find a footing after an OPEC+ decision to begin unwinding some voluntary production cuts later this year helped send crude to a third straight weekly decline.
