Leading indicators point to slowing U.S. economy and recession in 2023
admin The numbers: The U.S. leading index fell a sharp 1% in November, extending a downturn…
Read Morearticle_normal
AMC stock plunges after $110 million capital raise, 1-for-10 reverse split proposal
Shares of AMC Entertainment Holdings Inc. AMC, -15.00% plunged 20.6% toward 22-month lows, after the…
Read MoreJobless claims inch up to 216,000, but offer little sign of labor-market weakness
The numbers: The number of Americans who applied for unemployment benefits in the week before…
Read MoreU.S. economy grew at revised 3.2% rate in third quarter
The numbers: The U.S. expanded at an annual 3.2% annual rate in the third quarter,…
Read MoreFTX co-founder Gary Wang, ex-Alameda CEO Caroline Ellison plead guilty to federal charges
On the same day that that the Bahamas extradited FTX co-founder and former CEO Sam…
Read MoreFTX founder Sam Bankman-Fried extradited to U.S. to face criminal charges
NASSAU, Bahamas — Bahamian authorities said Wednesday that former FTX CEO Sam Bankman-Fried has been…
Read MoreMicron sales dive nearly 50%, and decline is expected to get worse as layoffs planned
Micron Technology Inc.’s revenue dropped 47% in its fiscal first quarter, and management projected that…
Read MoreUnder Armour announces Linnartz as new CEO
Under Armour Inc. UA, +4.48% on Wednesday said that Stephanie Linnartz would become the company’s…
Read MoreU.S. stocks log biggest jump in almost 2 weeks on strong earnings, consumer sentiment
U.S. stocks cemented their biggest daily advance in almost two weeks on Wednesday as investors…
Read More
Tesla’s stock drop has been bad. But this company has hurt investors even more.
Elon Musk has been trying this week to defend Tesla’s abysmal stock performance in 2022.…
Read More