Alliance Global Partners drops Vuzix coverage, says can’t justify $1B market cap
Alliance Global Partners analyst Brian Kinstlinger is dropping coverage of Vuzix after the shares have increased 100% year to date and more than 1000% in...
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Personal Income increased 10.0% in January, Spending increased 2.4%
The BEA released the Personal Income and Outlays report for January: Personal income increased $1,954.7 billion (10.0 percent) in January according to estimates released today...
Beyond Meat Achieves Deals with McDonalds
Beyond Meat (NASDAQ:BYND) on Thursday announced that it has struck deals with fast-food giants McDonald’s (NYSE:MCD) and Yum Brands (NYSE:YUM), but shares fell on a...
Airbnb reports Q4 revenue $859M, consensus $747.59M
Reports Q4 net income ($3.9B), which was impacted by charges related to the IPO, including $2.8B of stock-based compensation expense. Reports Gross Booking Value $5.9B...
Hotels: Occupancy Rate Declined 23.8% Year-over-year
From CoStar: STR: US Hotels Nearly Half Full During Week Ending Feb. 20U.S. weekly hotel occupancy reached its highest level since late October, according to...
Esports Entertainment rallies after Citron calls for GameStop takeover
Esports Entertainment Group (GMBL) are rallying after Andrew Left's Citron Research put a $50 price target on the shares. Citron, who is no longer making...
NAR: Pending Home Sales Decrease 2.8% in January
From the NAR: Pending Home Sales Retreat 2.8% in January, but Climb From Last YearPending home sales took a step backward in January as inventory...
Stocks Wither After Record Close
U.S. stocks fell on Thursday as higher bond yields continued to put pressure on high-growth technology stocks. The Dow Jones Industrials backtracked 117.66 points to...
Redler: Bears Have “Don’t Have Much Power”, Interest Rates Continue Higher, NVDA Earnings, CRM Earnings Preview
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Lael Brainard on monetary policy and employment
Joe Weisenthal directed me to a recent speech by Lael Brainard. Here’s one excerpt: The new framework calls for monetary policy to seek to eliminate shortfalls of...