Making It Out of the $HOOD
A glimpse of hope for a failing broker was brought to light today. Robinhood was founded back in 2013 by Vladimir Tenev and Baiju Bhatt. The brokerage was built around … Read More
Category: Business
RIP The Nic-Stick
They take your gains, your money, your reason to live, and now they take your nicotine or at least try. On Tuesday, the Biden administration announced its plan to cut … Read More
Microsoft Goes Soft on Guidance, Citing Surging Dollar
WAKE UP BABE. NEW SCAPEGOAT DROPPED. Microsoft Corporation released a securities filing on June 2nd, which highlighted decreased sales and earnings guidance. Revised 4th quarter revenue guidance is $51.94-$52.74 Billion … Read More
Tech Layoffs En Masse
Despite a rather “robust” (jury is still out) labor market, the likes of the tech sector have certainly seen better days. Over the past few weeks, tech companies have been … Read More
Allianz Subsidiary Pleads Guilty in $6 Billion Settlement
A U.S. investing division of Allianz SE pleaded guilty to securities fraud, and as a result agreed to pay $6 Billion in restitution and penalties to investors who were unfortunate … Read More
We’re Getting Laid! (off)
Even with the markets being up on Tuesday, it wasn’t enough to save the streaming service (obviously). Netflix announced that it would be cutting 150 jobs due to a slowdown … Read More
From Bedroom to Backcountry
Peloton shares fell 25% early Tuesday morning after the company posted a huge loss and poor outlook for the fourth quarter. Shares fell below 10$ briefly in the premarket trading … Read More
Old Dogs, Old Tricks
Over the weekend, legendary investors Warren Buffet & Charlie Munger hosted the Berkshire Hathway earnings. Many companies have reported inline or below expectations for Q1 as supply chain bottlenecks, rising … Read More
Double-A Rating
A volatile week in the market was fueled by mixed reports from large tech giants that reported their earnings this week. As expected, Netflix missed (shocker), Google missed (actual shocker), … Read More