Tag: adventure

Reddit stock (RDDT) has plunged 19% after earnings, despite beating EPS estimates. Traffic from Google Search has recovered, but user growth has declined. CEO Steve Huffman and his trust recently sold $70.5 million worth of shares. The US Federal Trade Commission is investigating Reddit's moderation policies.

Published on: February 21, 2025, 09:03 PM UTC

The Trump administration's "DOGE commission," led by Elon Musk, aims to slash government costs by $500 billion annually. While this could lead to a $5,000 "DOGE dividend" for taxpayers, it's also likely to increase the national debt by $4 trillion, resulting in an extra $12,000 debt per American.

Published on: February 21, 2025, 07:01 PM UTC

A federal judge appoints a conservative lawyer to review the dismissal of corruption charges against New York Mayor Eric Adams, casting further doubt on his political future.

Published on: February 21, 2025, 07:00 PM UTC

The "Magnificent Seven" tech stocks have had mixed results in 2025, with only Meta outperforming the S&P 500. Valuations for these stocks remain high, with Tesla trading at 121 times estimated forward earnings. Despite their popularity, experts advise diversification and caution due to uncertain future growth prospects.

Published on: February 21, 2025, 06:03 PM UTC

The Bank of Canada is reviewing its monetary policy framework, but Governor Tiff Macklem suggests officials will likely reaffirm the 2% inflation target. The bank will consider a "richer" playbook for handling supply shocks and examine whether its core inflation gauges remain appropriate in a more volatile world. The bank may also pay more attention to the housing market in setting policy. A US-Canada tariff war would hurt the Canadian economy, with output plunging nearly 3% over two years.

Published on: February 21, 2025, 06:00 PM UTC

Elon Musk proposes auditing the Federal Reserve, sparking debate about central bank transparency and political influence.

Published on: February 21, 2025, 05:02 PM UTC

American consumers have a dimming outlook on the economy in February as uncertainty related to Trump's trade policy lifted inflation expectations sharply higher for the second straight month.

Published on: February 21, 2025, 05:01 PM UTC

Reddit (RDDT) stock has lost 19% since earnings, after a six-month rally. CEO Steve Huffman sold $70.5 million worth of shares. The US FTC is investigating tech platforms' policies. Despite the drop, RDDT is still up 220% from six months ago. Wall Street analysts maintain Buy ratings on the stock.

Published on: February 21, 2025, 03:03 PM UTC

The "Magnificent Seven" tech stocks (Meta, Amazon, Google, Apple, Nvidia, Microsoft, and Tesla) have had a mixed performance in 2025. Meta has outperformed the S&P 500, while Tesla has underperformed. Despite this, the stocks remain popular among investors, with Tesla being the most crowded trade. However, valuations are still high, and analysts are recommending investors diversify their portfolios.

Published on: February 21, 2025, 03:02 PM UTC

U.S. stock futures mixed as Walmart earnings outlook weighs, Dow futures down 0.3%

Published on: February 21, 2025, 02:02 PM UTC