Business and Finance News - 10.9.24

A Message from our friends at NativePath

🛑 Stop drinking THIS common beverage

Why are people dumping Gatorade down the drain?

Gatorade is packed with artificial ingredients, excessive sugar, and minimal nutrients, making it an unhealthy beverage choice that can lead to weight gain and provide empty calories with no real hydration benefits.

Stop burning a hole in your wallet buying cases of Gatorade…

Instead, drink THIS to stay hydrated. 

Not only is this new hydration drink free from sugar and artificial ingredients… It’s less than $0.81 per serving! 

That’s a FRACTION of the cost of a single bottle of Gatorade!

⇒ Learn more about the #1 hydration drink

Foxconn is building the world's largest facility in Mexico to assemble Nvidia's GB200 superchips, a critical component for Nvidia's next-generation Blackwell computing platform, as demand for AI servers surges. The Taiwanese company, benefiting from AI-related growth, reported its highest-ever quarterly revenue and remains committed to expanding into electric vehicle manufacturing. (Reuters)

*Foxconn (2354-TW) - Foxconn, officially known as Hon Hai Precision Industry Co., Ltd., is a Taiwanese multinational electronics contract manufacturer. It is one of the largest producers of electronics and semiconductors globally, assembling products for major tech companies like Apple, Sony, Microsoft, and Dell.

*Nvidia (NVDA) - Nvidia Corporation is a leading technology company specializing in designing and manufacturing graphics processing units (GPUs) and related technologies for gaming, professional visualization, data centers, and automotive markets.

The U.S. Department of Justice (DOJ is expected to outline potential remedies after successfully arguing that Google holds an illegal monopoly in the online search market. Possible outcomes include breaking up Google’s search-related businesses, ending exclusive search agreements, or forcing Google to share data with competitors, with decisions to be made in 2025. (Yahoo! Finance)

*Google (GOOGL) - Google LLC, a subsidiary of Alphabet Inc., is a global technology company specializing in Internet-related services and products. Its core offerings include the Google Search engine, YouTube, and the Android operating system.

PepsiCo reported third-quarter earnings that exceeded Wall Street estimates but missed revenue expectations, leading the company to lower its full-year organic revenue outlook. Recalls in its Quaker Foods North America business, weak U.S. demand, and international market disruptions contributed to the company's sales decline. (CNBC)

*PepsiCo (PEP) - PepsiCo is a multinational food, snack, and beverage corporation headquartered in Purchase, New York.

Hindenburg Research disclosed a short position in Roblox, alleging that the company inflated key metrics like daily active users (DAUs) by including bots and alternate accounts. Roblox's shares fell 9.2% following the report, which the company has denied, calling Hindenburg's financial claims misleading and inaccurate. (CNBC)

*Roblox (RBLX) - Roblox is an online platform that allows users to create, share, and play games made by other users. It provides a game creation system where players can design their own games using the Roblox Studio development tool.

More than a dozen U.S. states and the District of Columbia have sued TikTok, accusing it of harming children's mental health by designing an addictive platform and misrepresenting its safety for young users. The lawsuits also allege that TikTok allows children to bypass age restrictions and profits from exploitative practices on its platform. (AP News)

*TikTok - TikTok is a social media platform that allows users to create, share, and discover short-form videos.

Here’s how the major indexes did yesterday:

• Dow Jones Industrial Average: 42,080.37 +126.13 (+0.30%)

• S&P 500: 5,751.13 +55.19 (+0.97%)

• Nasdaq Composite: 18,182.92 +259.01 (+1.45%)

• Russell 2000: 2,194.98 +1.89 (+0.09%)

Here’s how leading market ETFs did yesterday:

• SPDR S&P 500 ETF Trust (SPY): 573.17 +5.37 (+0.95%

• iShares Core S&P 500 ETF (IVV): 575.94 +5.41 (+0.95%)

• Invesco QQQ Trust (QQQ): 489.30 +7.20 (+1.49%)

• Vanguard S&P 500 ETF (VOO): 526.85 +4.94 (+0.95%)

• Vanguard Total Stock Market ETF (VTI): 282.53 +2.36 (+0.84%)

Here’s how The Magnificent Seven did yesterday:

• Apple (AAPL) [3.462T]: 225.77 +4.08 (+1.84%)

• Microsoft (MSFT) [3.082T]: 414.71 +5.17 (+1.26%)

• Nvidia (NVDA) [3.274T]: 132.89 +5.17 (+4.05%)

• Alphabet (GOOGL) [2.052T]: 164.38 +1.40 (+0.86%)

• Amazon (AMZN) [1.901T]: 182.72 +1.92 (+1.06%)

• Meta Platforms (META) [1.504T]: 592.89 +8.11 (+1.39%)

• Tesla (TSLA) [779.75B]: 244.50 +3.67 (+1.52%)

Here’s how the major cryptocurrencies did yesterday:

• Bitcoin (BTC): $62,362.46 (10:15PM PST on 10/8/24)

• Ethereum (ETH): $2,447.83 (10:15PM PST on 10/8/24)

• Solano (SOL): $143.12 (10:15PM PST on 10/8/24)