Mark Mahaney, senior managing director at Evercore ISI, ranks Varney & Co. among his top 11 stocks.
-The Department of Justice quells the Apple boom
-Federal Reserve Chairman Jerome Powell delights investors
-Dow, S&P 500, and Nasdaq Composite hit all-time highs
-Chipotle’s crazy 50-1 stock split
-Reddit is America’s newest public company, and its stock price is soaring
– New details revealed in bizarre death of Boeing whistleblower
– Ben and Jerry’s benefit from long-standing political leanings
– 81 Years Later, Joan of the Craft Store Files Chapter 11
– Meta CEO Mark Zuckerberg treats himself to a superyacht
Department of Justice bites the apple: The Justice Department has accused Apple, the world’s most valuable company, of having a monopoly in the government’s latest crackdown on big tech.…Continue reading here.
Apple logo (Reuters/Brendan McDiarmid/File Photo/Reuters Photo)
video: Investors say Apple’s lawsuit will not be easily resolved.
Live prices of cryptocurrencies: here
Three things are attractive?: Fed Chairman Jerome Powell has not disappointed expectations, confirming that three rate hikes this year are still on the plan despite continued inflation after policymakers left rates unchanged at their March meeting. It was…Continue reading here.
video: A top professor at Wharton University was surprised by Professor Powell.
5 Strategies to Build an Emergency Fund
Investors celebrate: After dovish moves by the Fed; Stocks ended mixed on Friday. However, the Dow Jones Industrial Average and S&P 500 finished their best week in 2024. And, thanks to AI leader Nvidia, the Nasdaq Composite Index has risen more than 90% this year, beating the S&P 500’s 10%, setting a record closing price for the fifth time. Moving forward…Check out the market here.
S&P 500 YTD: +9.7%
Burrito business: Chipotle’s earnings have been so strong that the company announced a historic 50-for-1 stock split. The move makes the stock, which trades at an impressive $2,882, more accessible to investors and employees. This also reflects the strategy Walmart announced earlier this year…Continue reading here.
video: Chipotle executives talk about the chain’s massive expansion plans.
Reddit Rocks: Social media and discussion forum Reddit’s initial public offering has been well-received. The stock price rose sharply and then fell back, but ended above the offering price of $34…Continue reading here.
video: Early Redditors are sharing the inside scoop on the company.
The mystery deepens: The sudden death of a Boeing whistleblower took a new turn this week as details of his relationship with a company executive emerged…Continue reading here.
Mike Boyd, president of Boyd Group International, and Stewart Glickman, CFRA deputy director of research, consider the consumer and market impact of Boeing’s recent unrelated safety incidents.
video: Boeing’s safety crisis is giving momentum to its biggest rival, Airbus.
bye bye: Ben & Jerry’s parent company Unilever plans to let go of the ice cream brand known for its political leanings…Continue reading here.
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Craft crisis: After 81 years, arts and crafts retailer Joan has filed for Chapter 11 bankruptcy, but the retailer still hopes to survive…Continue reading here. The move is the latest in a series of retailers closing stores.…Continue reading here.
happy birthday: Mark Zuckerberg, CEO of Meta, which includes Facebook, Instagram, and modern platform Threads, gave himself a special birthday present.
video: A bird’s eye view of Jeff Zuckerberg’s new $300 million superyacht.
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