Shares of Roblox Corp (NYSE: RBLX) tanked nearly 20% on Thursday after the online gaming platform reported key metrics for November that signalled a meaningful slowdown in growth. Roblox blames…
Earlier this week, Invezz reported consumer prices to have eased meaningfully to 7.1%. But that doesn’t necessarily mean an all clear for the S&P 500 from here on out, says…
Elon Musk just can’t seem to turn it off. The billionaire chief executive sold another 22 million shares of Tesla Inc (NASDAQ: TSLA) this week, per an SEC filing on…
Novavax Inc (NASDAQ: NVAX) opened about 20% down this morning after the biotech firm announced a stock and debt offering. Novavax Inc to raise about $250 million The Gaithersburg-headquartered company…
The December 13, 2022 Consumer Price Index report had few surprises, at the headline and core level. Disinflation is occurring, albeit slowly. The S&P futures markets responded positively, seeing a…
Initial claims for regular state unemployment insurance fell by 20,000 for the week ending December 10th, coming in at 211,000. The previous week’s 231,000 was revised up from the initial…
Total industrial production decreased by 0.2 percent in November after declining by 0.1 percent in October. Total industrial production is down in five of the last seven months. Over the…
In the final Fed meeting of the year, Chairman Powell and the FOMC announced a rate hike of 50 bps, lifting the policy rate to 4.25%-4.50%. The decision was unanimous…
The European Central Bank (ECB) has announced a hike of 50 bps (0.5%) Thursday. The move is largely in line with expectations, while it warned there are further moves on…
Credit Bill MacAskill for a Big Think piece. It’s not every day, after all, that we’re asked to take a “million-year view” or to allow our imaginations to roam about…