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The Reddit Wolves Of Wall Street

Video Credit: HuffPost NOW News - Duration: 01:44s - Published
The Reddit Wolves Of Wall Street

The Reddit Wolves Of Wall Street

Some of Wall Street’s biggest players are crying foul after amateur investors rallied behind GameStop, losing hedge funds billions of dollars.

Others say they’ve just been beaten at their own game.


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McDonald's CEO Talks Affordability After Stock Prices Drop [Video]

McDonald's CEO Talks Affordability After Stock Prices Drop

McDonald's CEO , Talks Affordability , After Stock Prices Drop. ABC reports that McDonald's has come under fire by customers angry over recent increased menu prices, which has prompted the CEO to address the issue of affordability. In the company's latest earnings call, McDonald's CEO Chris Kempczinski discussed the fast food chain's Q4 results, which were mixed. In the company's latest earnings call, McDonald's CEO Chris Kempczinski discussed the fast food chain's Q4 results, which were mixed. Global same-store sales were up 3.4%, short of Wall Street expectations, while domestic same-store sales were up 4.3%, more closely aligned with "normalized growth.". Shares in McDonald's dropped nearly 4% on the New York Stock Exchange after the company's Q4 earnings were posted. Shares in McDonald's dropped nearly 4% on the New York Stock Exchange after the company's Q4 earnings were posted. Kempczinski reportedly admitted that the company's sales had dipped in the wake of increased menu prices. The fast-food chain noted reduced transactions among lower-income customers making under $45K a year, one of the company's core consumers. Eating at home has become more affordable. The battleground is certainly with that low-income consumer, Chris Kempczinski, McDonald's CEO, via ABC. According to Kempczinski, customers may have been forced to dine out less as prices and inflation remain high for eating out. . According to Kempczinski, customers may have been forced to dine out less as prices and inflation remain high for eating out. . The CEO stressed that the company remains in a good position with its value menu offerings, while promising , "some activity at the local level to make sure we continue to provide value for the lower-income consumer.". What you're going to see is more attention to affordability. Think about that as an absolute price point, which is more important for that consumer to get them into the restaurants than maybe value messaging. We are set up well to go after that, Chris Kempczinski, McDonald's CEO, via ABC. What you're going to see is more attention to affordability. Think about that as an absolute price point, which is more important for that consumer to get them into the restaurants than maybe value messaging. We are set up well to go after that, Chris Kempczinski, McDonald's CEO, via ABC

Credit: Wibbitz Top Stories    Duration: 01:31Published
India surpasses China, emerging as the preferred investment hub for Wall Street giants | Oneindia [Video]

India surpasses China, emerging as the preferred investment hub for Wall Street giants | Oneindia

In a historic shift in global markets, investors are pulling billions of dollars from China's economy, marking a turning point after two decades of considering China as the world's premier growth story. Wall Street giants, including Goldman Sachs Group Inc and Morgan Stanley, are now championing India as the prime investment destination for the next decade. #WallStreet #India #China #GlobalInvestmentShift #IndiaInvestmentOpportunity #HedgeFundGoldRush #AsiaEconomicDivergence #IndiaGrowthStory #InvestingInIndia #CapitalFlowsIndiaChina #GlobalEquityMarkets #InvestorConfidenceIndia ~ED.102~PR.151~GR.125~HT.96~

Credit: Oneindia    Duration: 03:09Published

GameStop GameStop American video game retailer

Reddit Prices Shares at $34 in IPO [Video]

Reddit Prices Shares at $34 in IPO

Reddit Prices Shares , at $34 in IPO. Reddit will go public on March 21 and has priced its IPO at $34 a share, Yahoo Finance reports. That is about a $6.4 billion valuation. A social media company hasn't gone public since Pinterest in 2019. Reddit gained increased recognition amid the meme stock craze of 2021. Reddit had 500 million site visitors in 2023. Its revenue increased 20% from 2022 to $804 million. According to an S-1 filing, Reddit said that its "content is particularly important" for the world of artificial intelligence. We are exploring business opportunities in licensing data for purposes including machine learning, business analysis, display and training generative AI models, Reddit, via S-1 filing. 1.76 million shares have been set aside for eligible Reddit users and moderators. . Headline venture partner Kamran Ansar said the decision lends itself to volatility. . You may see a big run up in the stock price and a drop, Headline venture partner Kamran Ansar, via statement. Because this has such a rabid community around it, the Reddit users, you could see Reddit itself ironically become a meme stock the way that you saw happen with like AMC and GameStop, Headline venture partner Kamran Ansar, via statement

Credit: Wibbitz Top Stories    Duration: 01:30Published

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