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  1. Rewind is offline
    Legend
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    Joined: Oct 2017 Location: Glendale Posts: 9,373
    04-19-2021, 05:26 PM #21
    Peloton Interactive, founded in January 2012 in New York City, manufactures treadmills and stationary bicycles. Following reports of several children being injured by the Tread+ treadmill – and one child dying – the Consumer Product Safety Commission says the treadmill "poses serious risks to children.” Gee, ya think? Peloton shares closed today at $107.75, a loss of $8.46 (7.28%)

    Peloton refuses to recall its Tread+ treadmill after 39 accidents. Its stock is tumbling.

    https://www.cnn.com/2021/04/19/inves...ock/index.html

  2. Rewind is offline
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    Joined: Oct 2017 Location: Glendale Posts: 9,373
    05-07-2021, 06:22 PM #22
    Among the tech stocks posting gains today: Intel +0.48 (0.84%), Alphabet +14.58 (0.62%), Microsoft +2.73 (1.09%), Dell +1.29 (1.29%), Hewlett-Packard +1.82 (6.41%).

    Why the horrid April jobs report was actually great news for stocks
    Business Insider, May 7 2021 5:48 PM

    The April jobs report badly missed estimates today but the stock market promptly hit record highs anyway. That's because the market is now in a phase where bad economic news is good news for equities. The biggest fear for investors is an inflation spike that prompts the Federal Reserve to tighten monetary policy sooner than expected. The weak jobs report soothed those worries.

    April saw an addition of 266,000 jobs, well below the estimated forecast of 1 million. Unemployment rose to 6.1% from 6.0%, bucking expectations for a decline. It was the worst miss since 1998. But instead of an instant drop in stocks following the April jobs report, there were record highs for the S&P 500 and a spike in tech shares. The tech-heavy Nasdaq 100 soared more than 1%. And while the more economically sensitive Dow Jones industrial average initially sold off, it quickly reversed into positive territory.

    If the weak jobs reports continue, it could result in a jump in wage inflation as businesses are forced to pay top-dollar for workers. But for now, as evidenced by today's move in the stock market, bad news is good news.

    https://markets.businessinsider.com/...1-5-1030402886

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