Palantir Stock Is Sliding. One of Its Investments Just Went Bankrupt.

Palantir stock is coming under selling pressure amid concerns about the implications of a chapter 11 bankruptcy filing last week by Fast Radius a provider of cloud-based manufacturing and supply chain software.  Fast Radius (ticker: FSRD) went public in February via a merger with a SPAC, or special-purpose acquisition company, called ECP Environmental Growth Opportunities … Read more

The UK economy is sliding into recession and Europe is set to follow

London CNN Business  —  The UK economy shrank in the third quarter, signaling the start of a recession that is likely to hit Europe next. UK GDP fell 0.2% between July and September, ending five consecutive quarters of growth, the Office for National Statistics said on Friday. The United Kingdom is the only G7 economy … Read more

Why Unity Software Stock Is Sliding After Hours

Unity Software Inc (NYSE: U) shares are trading lower in Wednesday’s after-hours session after the company reported third-quarter financial results and issued guidance above analyst estimates. Unity said third-quarter revenue increased 13% year-over-year to $322.9 million, which beat average analyst estimates of $322.32 million, according to Benzinga Pro. The company reported a quarterly net loss of 14 cents per share, … Read more

Dogecoin Price Seen Sliding 15% In Coming Days

Dogecoin is currently changing hands at a price that is significantly lower than its six-month high of $0.1572, providing an opportunity for investors to take advantage of a huge discount for accumulation. Dogecoin went down by 11% following news of Twitter’s plans to halt crypto integration projects DOGE managed to bounce back over the last … Read more

CPI Inflation Rate Is Sliding, But This Is What Matters For The Fed And Dow Jones

Wall Street economists expect Tuesday morning’s release of the consumer price index for August to show a 0.1% monthly decline, thanks to falling gas prices. That would bring the CPI inflation rate down to 8% from 8.5%. But the outlook for Federal Reserve policy and the Dow Jones hinges on what happens with core inflation, … Read more

Zoom is struggling to convince consumers to pay, and the stock is sliding

Zoom Video Communications Inc. is struggling to convince people to pay for its videoconferencing service in the third year of the COVID-19 pandemic, contributing to a trimmed forecast and falling stock price Monday. Zoom ZM, -2.07% executives reduced their earnings and revenue guidance for the fiscal year Monday afternoon, and Zoom Chief Financial Officer Kelly … Read more