Canada's Economy Contracts in Latest Quarter
Canada's economy contracts by 1.1% in the latest quarter, experiencing the largest decline since 2021. The decline is attributed to decreased exports and a sluggish buildup of inventories among businesses.
The Unexpected Impact of the Ultimate Endless Shrimp Promotion
Red Lobster's Ultimate Endless Shrimp promotion attracted more customers than expected, causing the company to raise prices to manage demand.
NetApp's Financial Forecast Boosts Stock Performance
NetApp's stock experiences a significant surge after the company's optimistic financial forecast surpasses expectations. Industry analysts believe NetApp's sales enhancement efforts are proving successful.
Biden Administration's Supply Chain Efforts
The Biden administration is working to enhance supply chains and reduce drug costs, but its impact on inflation is uncertain.
Slowing Momentum in the Economy, Says Federal Reserve Governor
Federal Reserve Governor Christopher Waller expresses observations on the slowing momentum in the economy and highlights key indicators suggesting the effectiveness of the Federal Reserve's restrictive monetary policy.
Apple Stock Soars as iPhone Demand Rises in China
Apple stock is surging as iPhone demand in China shows positive growth, reassuring investors about Apple's prospects. Despite competition from Huawei, higher average selling prices contribute to Apple's performance. Wedbush's Dan Ives remai...
AT&T Stock Slumps as Director Stephen J. Luczo Purchases Shares
AT&T stock drops while director Stephen J. Luczo buys shares amid concerns of potential liability regarding legacy lead-lined wires.
Turmoil at Cruise Raises Hope for Uber
Turmoil at Cruise, General Motors' robotaxi unit, raises hope for Uber as recent events unfold. Market analysis reveals the challenges faced by self-driving taxi companies and the potential for growth in the ride-hailing market.
Jim Chanos, Legendary Bear, Shuts Hedge Funds After Nearly Four Decades
Renowned short seller Jim Chanos is closing his hedge funds after nearly four decades in the industry. Despite his success with the Enron bet, his campaign against Tesla has failed. Chanos plans to return investors' money and focus on advis...
Alibaba Stock Suffers Amidst New U.S. Export Restrictions
Alibaba stock faces losses and cancels its cloud computing spinoff plans due to new U.S. export restrictions. Wall Street analysts lower price targets.