headlines...by halloapp

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01-14-2024

TECH

• Richardson Electronics (NASDAQ:RELL) reports poor Q2 FY24 results, causing shares to drop 20%, but management remains optimistic about future growth.

• Microsoft has overtaken Apple to become the most valuable US company, with a market capitalization of $2.89 trillion.

• CES 2024 highlighted advancements in smart home tech, transportation, and AI, with a focus on ethical development and overpromising.

• CrowdStrike, a leading cybersecurity company, has strong growth prospects and aims to reach $10 billion in annual recurring revenue. It reported Q3 revenues of $786 million, beating expectations. Investors recommend it as a stock to watch.

MEDIA

• Props from the HBO series ”Succession” were sold at auction for a total of $627,825, including a Burberry tote bag and pink index cards.

• Getty Images CEO, Craig Peters, has asked UK Chancellor Rishi Sunak to choose between supporting the creative sector or investing in AI, citing concerns over copyright infringement and the creative industry’s contribution to the UK’s GDP.

• In 2024, several major companies like Twitch, Discord, and Unity have announced layoffs, but the first quarter also brings promising new games.

CONSUMER

• UK fashion retailer Scamp & Dude has found that its physical stores have been successful in reducing returns and increasing customer engagement.

• Pentair, a water treatment equipment manufacturer, receives a hold rating due to unimpressive valuation, according to analysts.

REAL ESTATE

• Multiple properties in western Stark County were recently sold for over $500,000, one of which was a 3,900-square-foot house in Tuscarawas Township sold for $600,000.

ECONOMIC

• Global leaders, including the US, UK, EU, and Canada, congratulate Lai Ching-te on winning Taiwan’s presidential election, angering Beijing. Taiwan’s Democratic Progressive Party (DPP) secures a third term, with Lai Ching-te winning 40% of the vote. China expected to increase pressure on Taiwan, but conflict is unlikely for now. The election results strain relations between Taiwan and China. Lai Ching-te has a history of advocating for Taiwan’s independence.

• Congressional leaders have agreed on a two-tranche stopgap funding bill to avoid a government shutdown and fund the federal government until March.

• A survey found that 51% of Americans retire by age 61. Investing in The Trade Desk and Cava Group stocks can aid early retirement.

CRYPTO

• The SEC’s approval of spot Bitcoin ETFs is expected to boost crypto adoption and may pave the way for Ethereum spot ETFs.

• The SEC clarifies that there was no unauthorized access to its systems during the recent hack of its Twitter account.