Short seller Jim Chanos says this ‘crummy’ entertainment company is ‘excessively overpriced’ and could drop 50%
Chanos believes Live Nation represents an ominous combination of excessive valuation and the rage for such investing themes as `reopening plays.’
Major analysts are talking about Robinhood’s third-quarter results. Here’s what they said
Wall Street analysts are impressed with Robinhood after it posted strong results for the latest quarter.
Inflation to dampen holiday spending, retail trade group forecasts
The National Retail Federation said it expects holiday sales to rise between 6% and 8% from last year — a decline when factoring in the effect of inflation.
Amazon pauses hiring for corporate workforce
Amazon is pausing hiring for roles in its corporate workforce, the company announced in a memo to staff Thursday.
Lyft cuts 13% of its workforce
In an email to employees, Lyft executives pointed to what they called “a probable recession sometime in the next year” and rising rideshare insurance costs.
British pound slides after Bank of England recession warning
The British pound on Thursday sank against the U.S. dollar after the U.K.’s central bank said it expected a recession to last for all of 2023 and the first half of 2024.
UK faces longest recession since records began, Bank of England says
The Bank of England warned Thursday that the U.K. is facing its longest recession since records began, with the economic downturn expected to extend well into 2024.
Ukraine government is seeking alternatives to Elon Musk’s Starlink, vice PM says
The Ukrainian government is looking for alternatives to Starlink, the satellite internet arm of Elon Musk’s SpaceX, Vice PM Mykhailo Fedorov said.
Magic mushroom compound psilocybin can help treat depression, study finds
The psychedelic compound psilocybin can significantly reduce symptoms of depression, according to data from the largest trial of its type ever conducted.
