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Tech workers’ company shares slid in 2022 – and so has their wealth. Three steps they can take

Technology workers who are paid equity have seen their wealth decline alongside that of their employers. However, the good news is not as dire as it appears. The Nasdaq Composite has fallen 23% over the past year, and it is well rooted in a bearish market. Tech companies are particularly affected by higher interest rates, […]

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Stocks like Peloton, Plug Power & Rivian are long-term winners

Peloton’s exercise bike can be seen following the ringing out of the opening bell to the Nasdaq market site in New York City. September 26, 2019. Shannon Stapleton | Reuters Companies are being shaken by rising inflation pressures, supply chain problems and the resurgence Covid. This latest selling trend suggests investors want to minimize losses […]

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What Walmart, Target, Home Depot and Lowe’s tell us about the economy

An amalgamation of Target stores, Walmart stores, Lowe’s, Home Depot and Lowe’s. Reuters Is the American consumer able to withstand sky-high inflation? It all depends on who you ask. Four major retailers — Walmart, Target, Home Depot Lowe’s — reported quarterly financial results this week, and they each offered a different perspective on where and […]

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Netflix, Tesla, Visa, Warby Parker, Penn, Disney

The Wall Street’s top calls Wednesday include Goldman Sachs upgrading Endeavor Group to purchase from neutral Goldman indicated that the company sees a attractive entry into media and talent companies. Endeavor shares have fallen 30% and 45% YTD since the IPO. This is due to i) fundamental fears that a weakening economic environment will affect […]

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Strategist says market may become a ‘meat-grinder of forlorn hope’

LONDON – Investors looking for value in the stock market during the ongoing downturn may be “deluding themselves,” according to Sean Corrigan, director at Cantillon Consulting. Fears that central banks will have to hike interest rates aggressively to curb inflation — at the risk of quashing growth as the global economy suffers concurrent hits from […]

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Peloton took $182 million impairment charge last quarter as inventories piled up

Peloton’s stationary bicycle for sale in Dedham (Massachusetts), U.S.A on Wednesday February 3, 2021 Getty Images| Bloomberg | Getty Images PelotonAs inventory rose and consumers drew back on its treadmills and bikes,’s goodwill suffered a $182million loss in the previous quarter. Peloton identified a number of factors in the 3-month period that ended March 31, […]

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Tech layoffs, hiring slowdown stand out in red-hot job market

San Francisco Compassandcamera | Getty Images U.S. employers added more jobs than expected in AprilThe Bureau of Labor Statistics released Friday’s report amid tight labor markets. However, the tech sector that soared in the wake of the pandemic shows signs of slowing down. Facebook parent company MetaIs pausing the hiring process and scaling back some […]

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Peloton, Upstart, Vroom and more

Peloton Interactive Inc.’s logo was displayed on a stationary bicycle at Dedham (Massachusetts), U.S.A on Wednesday, February 3, 2021. Bloomberg | Bloomberg | Getty Images Take a look at the top midday traders. Peloton – Shares tumbled 12% after the equipment maker disclosed it’s piling up excess inventory and burning through cash in a disappointing earnings […]