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    $Dogecoin(DOGE.CC)$ When Shiba up, doge coin down. When doge up Shiba down. Guess I’ll hold both then.
    Tech shares stumble after-hours on Apple, Amazon
    Tech shares faltered in late trading after results from $Amazon(AMZN.US)$ and $Apple(AAPL.US)$ fell short of expectations, marring what had been a strong earnings period for heavyweights in the sector.
    The biggest exchange-traded fund tracking the $NASDAQ 100 Index(.NDX.US)$ slid 0.7% as of 4:35 p.m. in New York, after Amazon warned its holiday profit could be zapped by higher costs and Apple's sales missed forecasts. The online retailer lost 5% and the iPhone maker dropped 4.8%.
    S&P 500 short bets are worryingly scarce, Wells Fargo says
    Short interest in the $S&P 500 Index(.SPX.US)$ has remained near historic lows for a large portion of 2021 as the U.S. equity benchmark has climbed to new heights. That's concerning in the longer term, as higher short interest levels tend to help minimize price gapping when the market is faced with unexpected risks or shocks, said a team of strategists including Christopher Harvey in a Thursday note to clients.
    Economic growth rate slows to 2% on a sharp slowdown in consumer spending
    The U.S. economy grew at a 2% annualized pace in the third quarter, its slowest increase since the end of the 2020 recession. Decelerations in consumer spending and residential investment helped keep the number lower.
    Weekly jobless claims fell more than expected last week to a fresh pandemic-era low of 281,000, below the 289,000 estimate.
    Trump-tied SPAC fuels day trader return to blank-check stocks
    Retail investors are rushing back into blank check companies, and the mania surrounding a company tied to former President Donald Trump is a big reason.
    Individual investor interest has spread from $Digital World Acquisition Corp(DWAC.US)$ to other pre-merger SPACs like $B. Riley Principal 150 Merger Corp.(BRPM.U.US)$ and $Altimeter Growth Corp(AGC.US)$ over the past week as retail traders hype shares across platforms like Stocktwits and Twitter. The same enthusiasm was, however, missing for those that have already been closed like $DraftKings(DKNG.US)$ and $Lucid Group(LCID.US)$, according to data from Vanda Research.
    Amazon earnings suffer as growth slows, costs rise
    $Amazon(AMZN.US)$ posted lower-than-expected third-quarter sales and signaled that a tight labor market and supply-chain disruptions would weigh on earnings.
    It posted sales of $110.8 billion and generated a profit of $3.2 billion, down from the $6.3 billion the company made during the same period a year earlier. Wall Street expected $111.6 billion in quarterly revenue and profit of $4.6 billion.
    Facebook changes company name to Meta
    $Facebook(FB.US)$ on Thursday announced that it has changed its company name to Meta. The name change, which was announced at the Facebook Connect augmented and virtual reality conference, reflects the company's growing ambitions beyond social media.
    The re-branding also comes after the company has dealt with a barrage of news reports over the past month stemming from whistleblower Frances Haugen's trove of internal documents.
    There's a 'Squid Game' cryptocurrency – and it's up nearly 2,400% in the last 24 hours
    Squid is now $2.22, up nearly 2,400% over the last 24 hours, and its market capitalization is over $174 million. The Squid token was launched as the exclusive coin of the Squid Game project – a crypto play-to-earn platform.
    Apple sales miss expectations, Tim Cook says supply issues cost company $6 billion
    $Apple(AAPL.US)$ revenue fell short of Wall Street expectations in its fiscal fourth quarter on Thursday, which Apple CEO Tim Cook attributed to larger-than-expected supply constraints. Apple's overall revenue was still up 29% on an annual basis and each of its product categories grew on an annual basis.
    Apple hasn't provided official guidance since the start of the pandemic, but Cook said Apple expects "solid year-over-year revenue growth" in the December quarter despite the fact Apple will face worse supply constraints.
    Source: Bloomberg, WSJ, CNBC
    Wall Street Today | DWAC fuels day trader return to blank-check stocks
    10
    we hodl they bleed, SEC is not OWN by hedgefund. I hope they keep that in mind and do their job. WE WILL HODL APES TOGETHER STRONG
    $AMC Entertainment(AMC.US)$
    7a3wvje3 liked and commented on
    Stocks drop as growth concern lingers; oil falls
    U.S. stocks dropped from all-time highs, with shares of small companies leading declines, and Treasuries gained on an uptick in growth concerns.
    The $S&P 500 Index(.SPX.US)$ and $Dow Jones Industrial Average(.DJI.US)$ fell after setting closing records Tuesday. The tech-heavy $NASDAQ 100 Index(.NDX.US)$set an intraday record before closing barely in the green with $Alphabet-A(GOOGL.US)$, $Amazon(AMZN.US)$ and $Tesla(TSLA.US)$ rallying. $Robinhood(HOOD.US)$ slumped after missing revenue estimates. The $iShares Russell 2000 Growth ETF(IWO.US)$ slumped 1.9%, the biggest decline since late September.
    El Salvador 'buys the dip' and acquires another 420 bitcoins
    El Salvador bought another 420 Bitcoins to take advantage of its recent price drop, President Nayib Bukele said in a post on Twitter.
    The country has bought a total of 1,100 of the coins since Bukele announced the first purchases on Sept. 6.
    Alphabet on verge of $2 trillion valuation after earnings surge
    $Alphabet-A(GOOGL.US)$ is within striking distance of reaching a $2 trillion valuation for the first time after a strong earnings report sent its shares soaring.
    The Google-parent's shares rose to a record on Wednesday with an advance of as much as 6.7%. The gains added more than $110 billion to Alphabet's market valuation, which now stands at about $1.97 trillion, according to Bloomberg data.
    Spotify ad business boosted by podcasts
    $Spotify Technology(SPOT.US)$'s big bet on podcasts appears to be paying off.
    Third-quarter advertising revenue increased 75% from a year earlier, and user growth picked up after a lull earlier this year. Spotify is now the top podcast platform in the U.S. by listeners, according to Edison Research, passing incumbent Apple Podcasts in the largest market. Paying subscribers, its most lucrative type of customer, also climbed 19% to 172 million, in line with the company's guidance range.
    Hertz links up with Uber to offer 50,000 Tesla rentals
    $Hertz Global Holdings, Inc.(HTZZ.US)$ said Wednesday it is linking up with $Uber Technologies(UBER.US)$ to make 50,000 $Tesla(TSLA.US)$ available in Uber's ride-sharing network by 2023, the latest in the rental-car company's efforts to build momentum postbankruptcy.
    The Teslas that Hertz plans to add to the Uber network will come from the initial 100,000 vehicle order and future orders as the program grows.
    Elon Musk's net worth approaches $300 million
    Musk's net worth is approaching $300 billion, putting him tens of billions of dollars ahead of the rest of the world's richest people.
    Remember dogecoin? A rival 'meme token' just hit a record high and is close to overtaking it
    Shiba inu has surged 30% in the last 24 hours, according to data from CoinGecko, hitting a record high above $0.00006. With a market capitalization of more than $29 billion, shiba inu is now the 11th-largest cryptocurrency. Shiba inu is a so-called meme token that bills itself as a "dogecoin killer."
    Profit falls at GM and Ford as chip shortage takes toll
    The two largest U.S. auto makers reported steep drops in third-quarter profit as chip shortage dented factory output, and each said the problem would leave dealership lots nearly bare well into 2022.
    $General Motors(GM.US)$, which cut vehicle shipments in North America by nearly half in the July-to-September period, said Wednesday that its net profit dropped 40% in the third quarter, while $Ford Motor(F.US)$ reported a 23% decline in net income compared with the same year-ago quarter.
    Source: Bloomberg, WSJ, CNBC
    Wall Street Today | 'Dogecoin killer' Shiba inu hit a record high
    13
    $AMC Entertainment(AMC.US)$ This stock is worth holding long term. On the other hand, Dwac and Phun are pump and dump stocks, the price fluctuates crazily over there.
    1
    $AMC Entertainment(AMC.US)$
    AMC is hitting resistance at the old support level and dropping lower. Now that's a pretty bearish signal. I expect to hit levels at 30-31... so I will load up and buy those dips again.  See you guys and hodl tight.
    You know when I first started I told myself I'd get only 10 shares.... Now I'm about to join the 100 shares club. Jiayou all of us!
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