October 29, 2024
Business - 10/29
πŸ“ˆ Trump Media's Stock Surges 22%, πŸ“° Washington Post Loses 200K Subscribers...
πŸŽ† Trump Media & Technology Group's stock surged by nearly 22% following Trump's rally, surpassing the value of Elon Musk's X. πŸ“‰ The Washington Post lost over 200,000 subscribers following controversy over a blocked endorsement, leading to significant revenue impact. πŸ”Ί Oil prices fell 5% as Israel's retaliation against Iran avoided impacting oil production. πŸ€– Alphabet is set to report quarterly results, focusing on AI investments and earnings growth potential. 🎲 Robinhood introduces a new way for users to bet on election outcomes, raising concerns over speculation. πŸš— Ford's stock drops after revenue beats expectations but guidance remains at the lower end of forecasts. πŸ“‰ Philips experiences a 16% stock drop after lowering its full-year guidance. πŸ”‹ Tesla’s post-earnings rally results in a $4 billion loss for short sellers. Podcast consumption has reached a record high, with almost half of Americans aged 12+ listening monthly. πŸŽ§πŸ“ˆ Nvidia's earnings show a narrowing surprise margin as AI-driven growth expectations adjust. πŸ“ˆπŸš€ With 2.8K billionaires globally, the number has nearly tripled since 2010, indicating growing wealth concentration. πŸ’ΈπŸŒŸ Boeing is issuing stock to raise $22B as it navigates the financial strain from production halts due to worker strikes. πŸ›«πŸ“‰ Apple released its iOS 18.1 update, featuring advanced AI functionalities for its latest iPhone models. πŸ“±πŸ”„
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