October 31, 2024
Business - 10/31
📉 Super Micro Stock Drops Over 30%, 📈 US Economy Grows 2.8% in Q3...
📉 Super Micro Stock Drops Over 30% 📈 Super Micro's stock plummeted over 30% after auditor Ernst & Young's resignation due to disagreements, sparking investor concern. 📈 US Economy Grows 2.8% in Q3 📊 The US economy grew by 2.8% in Q3, with inflation showing signs of easing as the core PCE index noted a drop in price growth to 2.2%. 📊 Meta's Cautious Q4 Profit Forecast 🌐 Meta met investor expectations but refrained from providing an optimistic Q4 profit forecast, focusing on capital expenditures for the next year. 🍏 Big Tech Earnings: Apple and Amazon 📱 Apple and Amazon are set to report their earnings, amid high expectations on consumer demand and AI innovations. 💊 Eli Lilly Stock Falls on Earnings Miss 💸 Eli Lilly's stock declined after its Q3 earnings missed analyst predictions. 💼 Coinbase Profits From Strong Trading 💹 Coinbase reported a strong Q3 profit driven by robust trading activity. 📉 DJT Faces Volatility Pre-Election 📉 DJT saw a significant drop as it faced increased volatility pre-election. ✈️ Boeing Analysts Call for Recovery Plan ✈️ Boeing's stock was downgraded, with analysts urging a 'compelling recovery plan.' 🌯 Chipotle Shares Dip on Q3 Sales 🌯 Chipotle shares fell after its Q3 sales missed market expectations. 📈 Robinhood Profits From Retail Trading 📈 Robinhood posted a profit for the quarter, benefiting from retail trading strengths. 🤖 Meta's Sales Rise 19% with AI 📈 Meta's quarterly sales increased by 19%, thanks to advancements in using AI for advertising. 🚀 US Economy Bolstered by Spending 💰 The US economy showed solid growth in the third quarter, bolstered by consumer spending. ☕️ Luckin Coffee Eyes US Market Disruption 🏢 China-based Luckin Coffee's possible US entry could disrupt local coffee chains with its competitive pricing strategy.
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