When Stocks Go Wild: Wolfspeed Rockets 83% While Everyone Waits for Inflation Data
So here we are on Tuesday morning, and the stock market is doing that thing where it pretends everything is fine while secretly sweating about Thursday's inflation report. You know, like when you're "totally prepared" for a test but still stress-eat an entire bag of chips the night before.
The big story today? Wolfspeed just went absolutely bonkers, shooting up 83% after getting court approval for its Chapter 11 reorganization plan. Translation: they were basically broke, filed for bankruptcy protection, and ...
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Goldman Sachs Just Threw Cold Water on the AI Party (And Maybe That’s Good?)
Remember when everyone and their grandmother was buying AI stocks because "artificial intelligence is the future"? Well, Goldman Sachs just walked into the party with a reality check, and honestly, it might be exactly what we needed.
Last week, Goldman analyst Ryan Hammond basically said what many of us were thinking but were too polite to mention: maybe, just maybe, we've gotten a little carried away with AI stock valuations. And by "a little," I mean some of these companies are ...
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The Magnificent 8th: Why Broadcom Just Became AI’s Newest Darling
So, you know how everyone's obsessed with the "Magnificent 7" tech stocks? Well, plot twist: there might need to be room for an 8th member at the cool kids' table, and it's not who you'd expect.
Meet Broadcom (NASDAQ: AVGO) – the chip company that's been quietly crushing it while everyone else was busy staring at Nvidia's flashy performance. This week, Broadcom's stock jumped 10% after dropping some seriously impressive Q3 numbers, and honestly? It's about time people started paying attention.
Here's ...
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Wall Street Had a Meltdown Over Jobs Data, But Here’s Why You Should Actually Be Excited
So Wall Street just had what can only be described as a full-blown panic attack. The culprit? August's jobs report, which was about as pretty as a three-day-old fish.
Here's the damage: Only 22,000 jobs added (ouch), unemployment jumped to 4.3% (the highest since 2021), and wage growth cooled from 3.9% to 3.7%. Oh, and they quietly revised June and July numbers down too, because why not twist the knife?
Naturally, investors did what they do best when faced with bad news: ...
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Tech Stocks Are Having a September Meltdown (And Here’s Why Your Portfolio Is Crying)
Remember when tech stocks were the golden children of Wall Street? Yeah, well, September apparently didn't get that memo. The tech-heavy Nasdaq is having what we might politely call a "rough start" to the month, dropping nearly 2% on Tuesday alone. Your favorite tech darlings like Nvidia and Amazon? They're both down about 2%, which in tech stock terms is basically a full-blown existential crisis.
So what's got Silicon Valley's finest in such a tizzy? Let me break down the three ...
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Broadcom Just Scored a Mystery $10B Deal (And We Think We Know Who It Is)
So Broadcom just casually dropped news about a $10 billion deal and the stock went absolutely bonkers – up 10% in a single day. Not bad for a Tuesday, right?
Here's the tea: Broadcom (AVGO) isn't exactly a household name like Apple or Tesla, but this chipmaker has been quietly crushing it in the AI space. While everyone's been obsessing over Nvidia, Broadcom has been building custom AI chips for the big tech giants – and apparently, they just landed their ...
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The Job Market Just Hit the Panic Button (And Your Portfolio Should Too)
Remember when everyone was "quiet quitting" and Gen Z was all about work-life balance? Well, plot twist: now everyone's "job hugging" like their mortgage depends on it. Because, spoiler alert, it probably does.
The latest job numbers just dropped, and they're about as cheerful as a root canal. Job openings plummeted by 176,000 in July, hitting 7.2 million – the second-lowest since December 2020. That's not just a dip; that's a full-on belly flop into the shallow end of the employment ...
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The Bond Market’s Crystal Ball: Why the Yield Curve is Your New Best Friend
Remember when your biggest financial worry was whether to splurge on avocado toast? Those were simpler times. Now we're all supposed to care about something called the "yield curve" – which sounds like a yoga pose but is actually the bond market's way of throwing shade at the economy.
Here's the deal: The yield curve is basically a graph showing what Uncle Sam pays to borrow your money, from short-term IOUs (3 months) to long-term commitments (30 years). Normally, it slopes ...
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