DIRS.INFO The most relevant business & tech news

☆ CNBC Daily Open: Wall Street hits record, 'Thee rate cuts'
▼ + stars: | 2024-05-16 | by ( Abid Ali | ) www.cnbc.com time to read: +2 min

The Charging Bull is seen on an empty Wall Street on April 20, 2020 in New York City. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Wall Street hits record highThe S&P 500 and the Nasdaq rose to record highs after inflation data came in lower than expected. All three major indexes closed at record highs. Asia up, Japan's GDP shrinksAsia-Pacific markets rose on Thursday after Wall Street hit record highs.

Persons: Buffett, Chubb, Warren, Berkshire Hathaway, Seng, Biden, Morgan Stanley Organizations: CNBC, Nasdaq, Dow Jones Industrial, Federal, Tech, Nvidia, Apple, Microsoft, GameStop, AMC, Berkshire, Wall, Nikkei, U.S Locations: New York City, Zurich, Asia, Pacific, China

☆ The outlook on gold and gold stocks into the summer is looking strong, according to the charts
▼ + stars: | 2024-05-16 | by ( David Keller | ) www.cnbc.com time to read: +3 min

Let's take a look at how gold stocks have fared and see how recent price action suggests the uptrend is nowhere near completed. While gold stocks tend to be very much tied to the performance of the underlying commodity, there will often be periods of dislocation, where gold and gold miners appear to be more disconnected. This appears to have occurred in the first quarter, when physical gold was fairly flat, but gold miners were sold off into a February low. The chart of Royal Gold (RGLD) shows that the early breakouts are beginning to occur. Given the strength in the charts of physical gold and gold miners, this group may serve as a compelling opportunity going into the summer months.

Persons: Let's, David Keller Organizations: Nasdaq, Gold Miners, CMT

☆ Here's the deflation breakdown for April 2024 — in one chart
▼ + stars: | 2024-05-16 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Consumers have largely seen prices deflate for physical goods, such as cars, furniture and appliances, economists said. They've also declined for some groceries and other things, such as travel, according to the consumer price index. Physical goods prices have deflated in all but one month since May 2023, for example. watch nowThe U.S. dollar's strength relative to other global currencies has also helped rein in prices for goods, economists said. Downward pressure on goods prices has waned a bit in recent months as supply-and-demand dynamics have normalized, economists said.

Persons: Oscar Wong, They've, they've, Michael Pugliese, Stephen Brown, Mark Zandi, Zandi, Hayley Berg, Hopper, There's, Brown Organizations: Consumers, Wells, Wells Fargo Economics, North, Capital Economics, Finance, GameStop, AMC, U.S, Federal Reserve, Canadian, Moody's, Airlines Locations: Wells Fargo, North America, U.S

☆ Auto incentives are back — but high interest rates weaken deals for buyers
▼ + stars: | 2024-05-16 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +4 min

Simonskafar | E+ | Getty ImagesIncentives are coming back to the auto market, but high interest rates are weakening those deals for car shoppers. In today's market, consumers are more likely to see it as "free money," she said, especially as auto loan rates stay high. watch nowWhen you roll that into your new car loan, it increases your payment. Search for available incentives: Car shoppers will have to a do lot more shopping and research to find available incentives, Caldwell said. Know your credit score: While shoppers might come across 0% financing offers, those deals are often reserved for buyers with excellent credit.

Persons: Jessica Caldwell, Trump, Brian Moody, Kelley, Edmunds, Caldwell, That's, that's, Moody Organizations: Getty, Finance, Biden Locations: Edmunds

Stock Chart Icon Stock chart icon The Dow, all-timeThe average was created by Charles Dow in 1896 with just 12 industrial stocks. Paired with the Dow Jones Transportation Average , the two were collectively meant to offer a gauge for the broader economy. The sole caveat: No utility or transportation stocks are included, given the existence of the Dow Jones Utility Average and Transportation Average. 1972: Dow hits 1,000It may be hard to imagine given the recent achievement, but the Dow traded below 1,000 until the early 1970s. The Dow saw its worst year since 2008 in 2022, though 2023's rebound allowed the index to erase those losses.

Persons: Spencer Platt, Dow, Charles Dow, There's, Richard Nixon, Alcoa Esmark, Du Pont, Dow didn't, Walt Disney, Eastman Kodak Merck Alcoa ExxonMobil Phillip Morris, T General Motors Sears, Morgan, Phillip Morris, Walmart Du Pont J.P, Morgan Chase Walt, Donald Trump, General Electric Nike American Express Goldman Sachs, Morgan Chase, Johnson, Joe Biden, Trump, Goldman Sachs, Gamble Amgen, — Organizations: New York Stock Exchange, Getty, Dow Jones, Dow Jones Transportation, P Global, Dow, CNBC, General Foods, Harvester, Chevron, Procter, Gamble, Alcoa, Manville, ExxonMobil, Illinois Glass American Tobacco General Electric Procter, General Foods Sears Roebuck AT, T General Motors Texaco Bethlehem Steel, T General Motors Texaco Bethlehem Steel Goodyear Union Carbide Chevron Honeywell United Technologies Chrysler International Harvester US, Nickel Westinghouse Electric Eastman Kodak International, Woolworth, Oasis, Eastman Kodak Merck Alcoa ExxonMobil, Express General Electric Procter, Gamble AT, T General Motors, T General Motors Sears Roebuck Bethlehem Steel Goodyear Texaco Boeing Honeywell Union Carbide Caterpillar IBM United Technologies Chevron International, Walt Disney, Morgan Chase Westinghouse, Apple, Microsoft, Sears and Union Carbide, Eastman Kodak Johnson, Johnson Alcoa ExxonMobil, American Express General Electric Merck AT, T, Goodyear Procter & Gamble Caterpillar Hewlett, Packard Sears, Chevron Honeywell Union Carbide Citigroup IBM United Technologies, Walmart, Morgan Chase Walt Disney, Visa, Travelers, Nike, General Electric Nike American Express, General Electric Nike American Express Goldman Sachs Pfizer Apple Home Depot Procter, Gamble Boeing IBM Travelers Caterpillar Intel United Technologies Chevron, Morgan Chase UnitedHealth, Cisco Systems Johnson, Johnson Verizon, Cola McDonald’s, Du Pont Merck Walmart ExxonMobil Microsoft Corporation Walt Disney, Exxon Mobil, Walgreens Boots Alliance, Goldman Sachs Nike American Express Home Depot Procter, Gamble Amgen Honeywell, Apple Intel Travelers Cos Boeing IBM, Caterpillar Johnson, Johnson Verizon Chevron, Cisco Systems, Walgreens, Alliance Coca Cola Merck Walmart Dow Microsoft Walt Disney Locations: New York City, T General Motors Texaco Bethlehem Steel Goodyear, America

☆ Interest-rate cuts could be coming this fall, adding another wrinkle to an election set to focus on the economy
▼ + stars: | 2024-05-16 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, inflation is cooling just in time for a US presidential election that will likely focus heavily on the economy . This story is available exclusively to Business Insider subscribers. The big storyThe economy and the electionAnna Moneymaker/Getty, Anna Moneymaker/Getty, Tyler Le/BISometimes, the biggest surprise is when there isn't one at all. AdvertisementOn Wednesday, Biden and Trump agreed to face off in two debates, the first coming in June . Now he has 18 direct reports, according to an internal org chart seen by Business Insider.

Persons: —, Anna Moneymaker, Tyler Le, haven't, Insider's Madison Hoff, they're, Jennifer Sor, Ed Yardeni, Jerome Powell hasn't, Powell, Donald Trump, Joe Biden, Trump, Biden, Trump's, Alyssa Powell, Keith Gill's, Jim Simons, Shaw, Goldman Sachs, David Kostin, Sameer Samat, Sundar Pichai, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Biden, White, Democratic, Renaissance Technologies, Sigma, Bloomberg, Android, Google, Microsoft, Apple, Walmart Locations: New York, London

☆ How Google CEO Sundar Pichai shook up his leadership team for the AI era
▼ + stars: | 2024-05-16 | by ( Hugh Langley | ) www.businessinsider.com time to read: +11 min

It came almost 12 months after Google combined two key AI groups, DeepMind and Google Brain. Google's AI MVPGoogle DeepMind CEO Demis Hassabis GoogleDemis Hassabis might be the most important person at Google right now. Then, in April last year, Pichai announced he would merge DeepMind with Google's in-house AI unit, known as Brain, into a supergroup named Google DeepMind. Reid reports directly to Raghavan, the ads and search senior vice president, and is shepherding a dramatic transition of Google Search. Fears of chatbots eating into Google's search dominance have yet to be realized, giving Google time to reinvent its most hallowed product.

Persons: —, Sundar Pichai, Pichai, Susan Wojcicki, Demis, Hassabis, Larry Page, DeepMind, OpenAI, it's, accrues, ED JONES, Rick Osterloh, Sameer Samat, he'll, Hiroshi Lockheimer, Osterloh, Prabhakar Raghavan, Siri, Tim Cook, Hiroshi, SAJJAD HUSSAIN, Liz Reid, Reid, Raghavan, Pandu Nayak, Venkatachary, It's, chatbots, Bernstein, Mark Shmulik Organizations: Service, Google, Business, Google's, BI, Research, Hassabis, Android, Apple, Apple's Vision, CNBC, Google Local Locations: Raxium

☆ Cramer's Lightning Round: DraftKings is a buy
▼ + stars: | 2024-05-16 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Accenture's year-to-date stock performance. Stock Chart Icon Stock chart icon Ouster's year-to-date stock performance. Stock Chart Icon Stock chart icon Vistra's year-to-date stock performance. Stock Chart Icon Stock chart icon DraftKings' year-to-date stock performance. [buy, buy, buy!]

Persons: I'm, it's, I've, DraftKings Organizations: Accenture, Boston

Of course, Bruno Mars also has a few other concerts planned outside the Las Vegas residency dates for his 2024 tour. We've got you covered if you're looking for how to get tickets to Bruno Mars' 2024 Las Vegas residency concerts and additional tour dates. Bruno Mars 2024 tour scheduleFollowing a nearly four-month hiatus, Bruno Mars' Las Vegas residency returns on June 7, 2024. Date City Vivid Seats prices StubHub prices Time June 7, 2024 Las Vegas, NV $352 $340 9 p.m. June 8, 2024 Las Vegas, NV $353 $370 9 p.m. June 12, 2024 Las Vegas, NV $334 $331 9 p.m. June 14, 2024 Las Vegas, NV $377 $411 9 p.m. June 15, 2024 Las Vegas, NV $393 $392 9 p.m. August 15, 2024 Inglewood, CA $245 $249 8 p.m. August 16, 2024 Inglewood, CA $234 $241 8 p.m. August 20, 2024 Las Vegas, NV $309 $323 9 p.m. August 23, 2024 Las Vegas, NV $281 $287 9 p.m. August 24, 2024 Las Vegas, NV $331 $339 9 p.m. August 27, 2024 Las Vegas, NV $226 $233 9 p.m. August 28, 2024 Las Vegas, NV $231 $247 9 p.m. August 31, 2024 Las Vegas, NV $339 $348 9 p.m. September 1, 2024 Las Vegas, NV $319 $333 9 p.m. How to buy tickets for Bruno Mars' 2024 concert tourYou can buy original tickets for Bruno Mars' 2024 concert tour on Ticketmaster.

Persons: Bruno Mars, He's, We've, StubHub, Anderson, Paak, Camila Cabello Organizations: Business, Las, MGM, Dolby, Vegas, Ticketmaster, Mars Locations: Las Vegas, Los Angeles , CA, Vegas, Inglewood, CA, Los Angeles, Dua Lipa, Brazil, Rio de Janeiro, Sao Paulo, Brasilia

☆ Short squeezes driven by renewed meme enthusiasm about to violently reverse, says chart analyst
▼ + stars: | 2024-05-15 | by ( Hakyung Kim | ) www.cnbc.com time to read: +1 min

Technical signals are indicating the dramatic meme stock rally , driven by a short squeeze, could soon come to a painful end, according to Wolfe Research's Rob Ginsberg. A short squeeze occurs when investors who had bet against a stock by borrowing shares and hoping to buy them back later at a lower price luck out. This then pushes the stock price higher. SunPower , another short squeeze candidate, dropped 19% Wednesday before the open, after surging 60% Tuesday. Wolfe Research said an index it manages with Nomura that measures stocks with high short interest this week "rallied into a lower high at long-term resistance."

Persons: Wolfe, Rob Ginsberg, Ginsberg, Nomura, Michael Bloom Organizations: GameStop, AMC, Wolfe Research

☆ Ethnic ‘Balancer’ for Government Jobs Becomes Focus of Ethnic Division
▼ + stars: | 2024-05-15 | by ( Andrew Higgins | ) www.nytimes.com time to read: +1 min

After drawing up a plan for 20 hires this year by the city administration, the head of the municipal personnel department plugged it into the Balancer — a website run by the government of the Balkan nation of North Macedonia. Seconds later, he received a chart giving the mandatory ethnic breakdown of the people to fill the jobs: 16 ethnic Albanians, three ethnic Macedonians and one Roma. The computer-generated quotas, which match the size of different communities in the heavily ethnic Albanian city of Tetovo, in the country’s northwest, are part of one of the world’s most comprehensive and rigidly mathematical government programs aimed at enforcing ethnic diversity through affirmative action. Critics say it puts ethnicity above merit, while supporters credit it with helping to pull the country back from ethnic civil war. Both sides agree the program has become riddled with fraud, especially as ethnic-based political parties try to game the system, and that it and other efforts to promote diversity have contributed to the proliferation of unnecessary state sector jobs.

Locations: Balkan, North Macedonia, Albanian, Tetovo

☆ Cramer's Lightning Round: ServiceNow is a buy
▼ + stars: | 2024-05-15 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

Stock Chart Icon Stock chart icon Matterport's year-to-date stock performance. Let's leave it behind..."Stock Chart Icon Stock chart icon Safehold's year-to-date stock performance. Stock Chart Icon Stock chart icon ServiceNow's year-to-date stock performance. Stock Chart Icon Stock chart icon Oklo's year-to-date stock performance. Stock Chart Icon Stock chart icon Canopy Growth's year-to-date stock performance.

Organizations: GE Vernova

☆ Chart analysis signals the bull market has further to go with possible S&P 500 upside target of 6,100
▼ + stars: | 2024-05-15 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +3 min

With the S & P 500 making a fresh all-time high Wednesday morning, it has erased the 6% pullback in short-order. By late March, momentum began to slow, and it became clear that it would take some time to see the next bullish pattern. That means there still has not been a successful bearish pattern (big or small) since last October. If the S & P 500 can't hold this latest push to new highs, then a bullish formation like this could be constructed. The bottom line is this: Strong trends are made from both bullish patterns working and bearish patterns failing.

Persons: Frank Cappelleri Organizations: CNBC Pro

☆ Here's the inflation breakdown for April 2024 — in one chart
▼ + stars: | 2024-05-15 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

That increase is largely due to dynamics in the market for crude oil, which is refined into gasoline, economists said. Annual housing inflation declined to 5.5% in April from 5.7% in March. Shelter and gasoline inflation combined contributed more than 70% of the monthly CPI increase for all items, according to the BLS. Americans' buying patterns also simultaneously shifted away from services — such as entertainment and travel — toward physical goods since they stayed at home more, driving up demand and fueling decades-high goods inflation. Wage growth has been one contributor to services inflation, for example, economists said.

Persons: Grace Cary, That's, Mark Zandi, we're, Zandi, Michael Pugliese, Trump, Stephen Brown, Pugliese Organizations: U.S . Labor Department, Moody's Analytics, Federal Reserve, of Labor Statistics, Wells, Wells Fargo Economics, U.S, U.S . Energy Information Administration, Finance, GameStop, AMC, Biden, North, Capital Economics, Supply Locations: U.S, Wells Fargo, North America

☆ Jim Cramer dissects the pop in homebuilder Toll Brothers and 5 other Wednesday movers
▼ + stars: | 2024-05-15 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +2 min

"They can't do any more to Boeing," Cramer said. When you go after a person, that's jail time, and that's how you fix things, unfortunately. Wells Fargo raised its price target on Toll Brothers to $150 per share from $142 ahead of next week's earnings. "It is the key to the market," Cramer said, before pointing to a Dell stock chart and circling the day of Nvidia 's GTC conference. Cramer added, "You've got to go to Dell, and that's been off to the races ever since then."

Persons: Jim Cramer's, Jim Cramer, Cramer, Wells Fargo, would've, They're, Morgan Stanley, Jensen, Michael Dell, You've, that's, Mills, Campbell, Bernstein, Kellogg Organizations: CNBC, Club, Boeing, Justice Department, CPI, Dell Technologies, Dell, Nvidia

☆ Denim stocks can benefit with Western style in vogue, TD Cowen says
▼ + stars: | 2024-05-15 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

A renaissance in Western styles can boost stocks that specialize in denim, according to TD Cowen. While positive on stocks across the space, he specifically pointed to Boot Barn , Levi Strauss and Ralph Lauren as key plays on the trend. Playing the denim revival For clothing makers Levi Strauss and Ralph Lauren, Chen sees reasons to be bullish beyond just a Western resurgence. Both stocks have outperformed the market in 2024, with Ralph Lauren adding around 16% and Levi Strauss surging about 36%. Boot Barn surpassed Wall Street consensus forecasts for earnings and revenue in its fiscal fourth quarter , the company reported Tuesday.

Persons: TD Cowen, Oliver Chen, jean, Levi Strauss, Ralph Lauren, Chen, —, Louis, Taylor Swift's, Beyoncé's, Carter, Ralph Lauren's, James Conroy, Conroy, LSEG Organizations: Louis Vuitton, Department Locations: Americana, California

☆ A trade that wins if too-high inflation knocks down this stock market again
▼ + stars: | 2024-05-14 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

We'll review a trade that wins if the market pulls back again. Inflation has been stubbornly high for months, and today's hotter-than-expected producer price index report only reinforces that notion. It is prudent to wait for confirmation of the double-top pattern before considering a bearish trade though. The trade setup: SPY 513-512 Bear Put Spread The trade structure I am using here is called a "bear put spread". BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: SPDR Dow, Nishant Pant Organizations: PPI, CPI, SPDR Dow Jones, Average Trust

☆ How Melinda French Gates became one of the world’s wealthiest and most important philanthropists
▼ + stars: | 2024-05-14 | by ( Samantha Delouya | ) edition.cnn.com time to read: +5 min

CNN —On Monday, Melinda French Gates announced her resignation from the Bill and Melinda Gates Foundation, officially ending one of the world’s leading philanthropic partnerships. In French Gates’ 2008 Fortune profile, Buffett said French Gates helped focus the foundation’s mission. In addition to French Gates, Gates and Buffett, The Giving Pledge counts billionaires like Mark Zuckerberg, Elon Musk and MacKenzie Scott as signatories. French Gates has a net worth of $13.3 billion, according to the Bloomberg Billionaires Index, while Bill Gates’ net worth is $153 billion. French Gates’ departure from the Bill and Melinda Gates Foundation has been hinted at since the couple announced their divorce in May 2021.

Persons: Melinda French Gates, Melinda Gates, Gates, Bill Gates, Melinda Gates ’, Warren Buffett, Buffett, ” Buffett, Mark Zuckerberg, Elon Musk, MacKenzie Scott, “, French Gates Organizations: CNN, Melinda Gates Foundation, Microsoft, Duke University, Fortune Magazine, Gates Library Foundation, Berkshire Hathaway, Bloomberg, Rutgers ’ Center, American Women Locations: United States, Fortune, “, Gates, French, Politics

☆ This rallying energy drink stock is set to break out above $100, according to the charts
▼ + stars: | 2024-05-14 | by ( Todd Gordon | ) www.cnbc.com time to read: +3 min

Celsius (CELH) is an energy drink company that emerged from small cap status in 2020 to a $21 billion market cap company today. The stock carries a hefty valuation, but with the recent breakout following earnings last week I think it can rally even higher. I first wrote about Celsius here on Jan 17 as the stock was gearing up to break through the $63 and $69 resistance levels. The fundamental case Even so, last week's Q1 earnings report was met with some confusion. The chart below shows CELH quarterly revenue growth with the most recent quarter showing a slight lower-high based on that $355 million top line figure.

Persons: Red Bull, we'll, Todd Gordon, Gordon, CELH Organizations: Red, Monster Beverage, Elliott, Pepsi, Tactical Alpha, Inside Edge, Inside Edge Capital Management

☆ Can MLB save the starting pitcher? The search for solutions to baseball’s ‘existential crisis’
▼ + stars: | 2024-05-14 | by ( Jayson Stark | Ken Rosenthal | ) www.nytimes.com time to read: +20 min

Ten active major-league starting pitchers have won a Cy Young Award — and nine of them have spent time on the injured list in 2024. The issue is not only the health of the modern starting pitcher, but the role those starters play in the sport these days. “You’ve got to get the starting pitcher back. But has the starting pitcher crisis risen to that level? If you’re a dominating starting pitcher in this era, it probably means you throw harder than the average pitcher.

Persons: Tom Seaver, Steve Carlton, Sandy Koufax, Bob Gibson, Pedro Martinez, Randy Johnson, ’, Cy Young, Baltimore’s Corbin Burnes, Yu Darvish, Justin Steele, ”, Max Scherzer, “ You’ve, Patrick Mahomes, isn’t, that’s, weren’t, here’s, It’s, they’d, you’re, they’re, David Ortiz, Scherzer, Justin Verlander, Adam Wainwright, they’ve, “, North America aren’t, I’ve, you’ve, ” Scherzer, Corbin Burnes, Patrick Smith, Rob Manfred, we’re, “ You’re, wouldn’t, it’s, “ that’s, He’s, Manfred, Eamonn Dalton, Conrad Williams , Jr, Matthew Grimes Jr Organizations: Cy, Wrigley, San Diego Padres, Chicago Cubs, Cubs, Padres, Major League Baseball, Texas Rangers, NFL, Athletic, MLB, American League, of Fame, didn’t, Atlantic League, Red Sox, National League, North America, Orioles, Newsday, Getty Images, Atlanta Braves, Getty

☆ Apple desperately needs its Next Big Thing
▼ + stars: | 2024-05-14 | by ( Paris Marx | ) www.businessinsider.com time to read: +10 min

But after a decade of doing that, iPhone sales are slowing, revenue is down, and the company, again, needs to find its next big thing. Apple's own outlook suggests poor iPhone sales will persist, especially as sales in China rapidly decline. The drawbacks of Cook's divestment from product design and development are now becoming clearer. Both the EU and the US cases would also make some people more likely to switch to a cheaper phone, which would threaten iPhone sales even further. The drawbacks of Cook's divestment from product design and development are now becoming clearer.

Persons: Steve Jobs, Jobs, Apple, Tim Cook, Cook, haven't, Steve, Tripp Mickle, Jony Ive, we've, wouldn't, Let's, aren't, Peter Kafka Organizations: Apple, Apple Watch, IBM, Google, EU, Bloomberg, Nasdaq, Business Locations: China, Asia, India, Indonesia

☆ Goldman's 'short basket' is jumping as hedge funds rush to cover positions during meme rally revival. Here are the stocks in it
▼ + stars: | 2024-05-14 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

As meme stocks once again dominate discourse on Wall Street, a Goldman Sachs basket is benefiting as hedge funds try to cover themselves. Goldman's "short basket," known officially as the GS Most Short Rolling Index, has jumped along with the resurgence of the meme-stock craze seen this week. When the original meme-stock mania took place, hedge funds rushed to cover their short positions as everyday investors squeezed them. GameStop short sellers lost almost $1 billion in Monday's rally. That experience even led to the demise of some hedge funds like Melvin Capital .

Persons: Goldman Sachs, Melvin Capital Organizations: GameStop, AMC, Melvin, LSEG, Wayfair

☆ Why the Big TV companies aren't 100% completely screwed. Yet.
▼ + stars: | 2024-05-14 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

Big TV used to have a monopoly on our attention — and our wallets. This mirrors the pitch big TV companies are making this week in New York to advertisers. AdvertisementThe Big TV guys are screwed, right? AdvertisementAnd here to make that argument is Nielsen, which has a new way of tracking attention among media companies — including digital upstarts. And in this version, the TV guys are still sticking around.

Persons: aren't, —, They're, Nielsen, It's, it's Organizations: Service, NFL, Business, Netflix, Disney, ABC, ESPN, Hulu, Paramount, CBS, NBC Universal, YouTube, Nielsen Locations: New York

☆ GameStop mentions surge on Reddit, surpassing Nvidia
▼ + stars: | 2024-05-13 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

GameStop has once again become a hot topic on Reddit 's famed WallStreetBets page Monday after the man who helped make it a meme stock reappeared online. GameStop was the most talked about equity on WallStreetBets by far on Monday, with more than 700 mentions in the last 24 hours. Monday's jump in discussion comes as "Roaring Kitty," the user who helped catalyze the GameStop stock craze in 2021, posted online for the first time in nearly three years. It marked his first post on Reddit or X, formerly known as Twitter, since 2021. Multiple Reddit users shared screenshots of their GameStop positions on the WallStreetBets page following the return of "Roaring Kitty," though it appeared that many posts on the topic were being filtered out.

Persons: Keith Gill Organizations: Nvidia, Trust, GameStop

☆ Careers site Indeed to lay off 1,000 workers
▼ + stars: | 2024-05-13 | by ( Dominick Reuter | Alyshia Hull | ) www.businessinsider.com time to read: +2 min

Careers site Indeed will lay off roughly 1,000 employees, or 8% of its workforce. In a memo, CEO Chris Hyams said the company is profitable, but not set up for sustainable growth. Hyams said the cuts are more targeted than last year's across-the-board reduction of 2,200 workers. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementCareers site Indeed says it will lay off roughly 1,000 employees as it looks to simplify its organization.

Persons: Chris Hyams, Hyams, —, Mark Zuckerberg's, " Hyams Organizations: Service, Business, Market, Facebook, Meta

Search resuls for: "Chart"

25 mentions found