November 1, 2024
Business - 11/1
💹 Federal Reserve Sticks to Rate Decision, đŸ’ŧ Major Tech Firms Face AI Cost Concerns...
💹 Federal Reserve Sticks to Rate Decision The Federal Reserve remains on track for an interest rate decision despite new inflation data. đŸ’ŧ Major Tech Firms Face AI Cost Concerns Google, Meta, and Microsoft experienced a sell-off, with concerns about rising AI costs impacting their profits. 📈 Amazon's Profits Soar Despite AI Investments Amazon's quarterly results exceeded expectations, with strong operating margins despite a major AI investment. 📱 iPhone 16 Boosts Apple's Earnings Report Apple's earnings report showed iPhone 16 sales exceeding expectations, though other revenues were mixed. 🚗 Ford Halts Electric Truck Production Ford will pause production of its F-150 Lightning electric truck due to waning demand. đŸŒĒī¸ Weak Jobs Report Expected This October The jobs report for October is expected to be weak due to multiple hurricanes and labor strikes. 💰 JPMorgan Settles with SEC for $100M JPMorgan reached a $100M settlement with the SEC, marking a significant regulatory development. 🚙 Carvana Shares Rise Amid Market Strength Carvana shares jumped 19% as the used-car market strengthened, nearly doubling its quarterly sales to $3.6B. 📉 Nvidia's Stock Drops on AI Concerns Nvidia's stock dipped amid worries of an AI market slowdown impacting future growth. đŸĻ Mortgage Rates Climb Pre-Election Mortgage rates have increased for the fifth consecutive week, adding pre-election economic uncertainty. 📉 SandP 500 Drops Amid Earnings Disappointment The S&P 500 saw a sharp drop as disappointing earnings from tech giants worried investors. 🚖 Uber Shares Fall Despite Profit Growth Uber's shares fell after missing gross booking expectations despite a surge in profit and revenue growth. 🚴 DoorDash Achieves First Profitable Quarter DoorDash reported its first profitable quarter, ending a four-year losing streak and partnering with Lyft.
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