Business
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‘Pokemon Go’ maker Niantic to lay off 230 workers
Niantic Inc., the company that created the popular “Pokemon Go” game, announced 230 layoffs Thursday, joining the list of tech companies making head-count reductions. In an email to employees that was posted on the company’s website, CEO John Hanke said that Niantic had allowed its expenses to grow faster than revenue. “In the wake of…
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Did you see this stock take flight yesterday? ?
*Sponsored by IA Media LLC, see disclosures below It’s been a while since I saw an opportunity like we have with Trio Petroleum (TPET). As I mentioned yesterday, this tiny $1 oil stock – that had a recent IPO much higher than current levels – appears to be an overlooked opportunity in this market.…
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Nike’s profit miss makes it ‘abundantly clear’ that U.S. economy faces ‘considerable headwinds,’ analyst says
Shares of Nike Inc. fell on Thursday after the sneaker-maker reported fourth-quarter profit that came up short of Wall Street’s expectations, with price cuts weighing on results amid weaker demand that one analyst said loomed large for the U.S. economy. Executives said on Nike’s NKE, +0.30% earnings call that the current backdrop for shoes and…
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Why AI could lead a lot more people to pay with bitcoin
Hi! Welcome back to Distributed Ledger. This is Frances Yue, reporter at MarketWatch. While the U.S. Securities and Commission recently took a slew of enforcement actions against crypto companies, it seems some financial institutions are still bullish on the industry. In the past week, Cathie Wood’s ARK Investment Management and crypto asset manager 21Shares…
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Xponential Fitness stock soars after CycleBar, StretchLab parent denounces short-seller report
Shares of Xponential Fitness Inc. bounced sharply Wednesday, after the franchiser of boutique fitness brands, including CycleBar, StretchLab and Club Pilates, denounced a bearish investor’s report that led to a record selloff in the previous session. And analyst Randal Konik at Jefferies did the same, recommending investors buy the stock XPOF, +2.16% on the dip…
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Tesla is opening its Supercharger network to rival EV makers. That could turbocharge the stock.
“ Tesla is not merely participating in the EV revolution, it’s steering it. ” It’s not often that a corporation can reshape an entire industry with a single decision. Now, Tesla TSLA, +0.56% is doing exactly that by opening its proprietary Supercharger network to rival manufacturers’ electric vehicles (EVs). To appreciate the potential impact of…
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Airbnb rental revenues have plunged in some parts of the U.S., this chart suggests, but some doubts surround the data
Call it the Barbie top? Vacation rental group Airbnb announced earlier this week that a Barbie-themed hot-pink DreamHouse mansion in Malibu is temporarily back among its worldwide listings. This time, two lucky applicants will get two free nights in the mansion, as part of a promotion from Airbnb ABNB, -0.20% and Warner Bros. WBD, +1.47%…
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DoorDash worker gets $10,000 gift from the company: ‘I almost started crying’
For one DoorDash delivery worker who received a $10,000 gift from the company this week, it couldn’t have come at a better time. “My husband cut his hand and had been on workers’ comp, so it’s been kind of rough lately,” Peggie, a Michigan resident who asked for privacy reasons that her last name not…
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S&P 500, Dow end lower after Powell keeps door open to Fed raising rates twice more
[]U.S. stocks finished a choppy session mostly lower on Wednesday after Federal Reserve Chairman Jerome Powell reiterated that the central bank is likely to raise interest rates twice more this year. []Investors also focused on the potential for the Biden administration to consider new restrictions on exports of artificial-intelligence-related products to China, which hit technology stocks. How…
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?Could this $1 stock prevent an oil crisis?
*Sponsored by IA Media LLC, see disclosures below Today, I’ve got my eyes on a hot little NYSE oil company that may be looking at major attention from Wall Street: Trio Petroleum Corp (NYSE: TPET) This is a small-cap opportunity that demands your attention, right now. When we’re thinking about the oil sector, our…