October 30, 2024
Business - 10/30
๐Ÿ“ˆ GDP Growth Hits 3%, Inflation Eases, ๐Ÿ“‰ JetBlue Stock Plummets 17% on Forecast...
๐Ÿ’ผ The latest GDP growth estimate suggests a healthy 3%, while personal consumption may show inflation nearing the Fedโ€™s target. ๐Ÿ›ซ JetBlue's stock plummeted 17% amid revenue forecasts falling short of expectations. ๐Ÿ“ˆ Alphabet's Q3 results exceeded expectations, driven by strong cloud revenue despite advertising challenges. ๐Ÿค– Meta and Microsoft are set to report earnings, with a focus on each company's AI strategy and supporting businesses. โฎ๏ธ New data counters the September jobs report, showing fewer job openings and more quits, indicating a cooling economy. ๐Ÿ’ฐ Major earnings reports will come from Eli Lilly, Starbucks, Robinhood, and Coinbase, among others. ๐Ÿ“ˆ DJT stock continues to rise amid pre-election volatility, reflecting investor sentiment. ๐Ÿ’ฐ Snap surpasses estimates, announcing a $500 million stock buyback to boost shareholder value. ๐Ÿ’Š Pfizer raises its full-year forecast by $1.5 billion, responding to activist investor pressures. ๐Ÿ” McDonald's posts higher Q3 sales recovery following a recent E. coli outbreak affecting investor confidence. ๐Ÿ“ˆ The Nasdaq hit a record close for the first time since July, boosted by Alphabet's strong performance surpassing sales expectations. ๐Ÿš€ Redditโ€™s revenue surged 68% last quarter, spurred by AI data-licensing partnerships, while Snap forecasted a disappointing holiday season despite growing sales. ๐ŸŒฏ Chipotleโ€™s recent sales growth fell short of expectations, leading to a stock drop, although new offerings like smoked brisket boosted some demand.
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