Plus, Chipotle raises prices due to inflation...
October 13, 2023 | Read Online | | | | | *past 24-hour performance |
| | SaaS acquisition: Atlassian (TEAM) has agreed to acquire privately held video messaging platform Loom, which has more than 25 million users globally, for ~$975 million (Reuters)
Delta’s strong summer: Delta (DAL) reported a nearly 60% increase in Q3 profits as strong travel demand continued through the summer, particularly for international trips. (CNBC) Microsoft back taxes: The IRS says Microsoft (MSFT) owes the U.S. Treasury $28.9 billion in back taxes, plus penalties and interest, the company revealed Wednesday in a securities filing. (AP)
Walgreens cuts costs: Walgreens (WBA) has introduced a $1B cost-cutting initiative and plans to reduce capital expenditures by approximately $600M as it anticipates the new CEO's arrival. (Bloomberg)
Inflation update: CPI, a closely followed inflation gauge, increased 0.4% on the month and 3.7% from a year ago, according to a Labor Department report Thursday. (CNBC)
Illumina acquisition denied: The EU's antitrust authority has directed Illumina (ILMN) to reverse its $7.1B purchase of cancer-test developer Grail in 2021. (WSJ)
Chipotle raises prices due to inflation: "For the first time in over a year, we will be taking a modest price increase to offset inflation," Chipotle (CMG) Chief Corporate Affairs Officer Laurie Schalow wrote in a statement to CNBC. (CNBC)
Ford says no more: A senior Ford exec said Thursday the automaker is "at the limit" of what it can spend on higher wages and benefits for the UAW, and warned the union's strike at the company's most profitable factory could harm workers and slash profits. (Axios) | | | | | The Smartest Use of Screentime Yet | Don't let the threat of automation hold you back. Whether you’re a professional looking for an edge in your career or a lifelong learner sharpening your skills, Brilliant is the best way to learn the concepts driving the modern technological world. | Stay competitive with Brilliant's hands-on lessons in math, data, and CS. Join over 10M people and start your 30-day free trial today » | SPONSOR |
| |
| | |
| | The High-Water Mark: The point of this piece is to have some discipline for crying out loud. Take small losses before they turn into big losses. If you make a career of taking small losses and big wins, then you won’t need to be reading blogs like this. Read more » | The excitement, danger, and unknown of small-cap investing’s comeback: Small caps had an uninspiring run from 2012 to 2022, when historically low rates fueled a long bull market led by big tech. The stocks lagged the S&P 500 index by 2.27 percent annually on average. However, the future could be different. Read more » | Three lessons from the 60/40 portfolio’s stumble: When evaluated over standard time periods, the total returns for a traditional balanced portfolio that places 60% of its assets in U.S. stocks and 40% in intermediate-term Treasuries look uniformly excellent. The only exception is over the past 12 months. Even then, the 60/40 portfolio has profited. Read more » |
|
| | First word discovered in unopened Herculaneum scroll by 21yo computer science student (Scrollprize) Crypto is boring AF right now (CoinSnacks) The crimes behind the seafood you eat (New Yorker) NASA finds water and organics in asteroid sample—possible clues to origin of life (Ars Technica) | | | | | Pouring Profits: Why whiskey as an asset class | If you're tired of traditional investment options that offer little diversity and unpredictable returns, it's time to consider the world of fine wine and whiskey investing. | Vinovest makes it easy for anyone to invest in high-quality wines and whiskies with the potential for excellent returns. It's why the ultra-wealthy have invested in fine wine and whiskey for centuries and now it’s your turn to do it too. Start investing today » | SPONSOR |
| |
| | |
| | | | | | | If you're concerned about the direction of the US economy… | You need to see this guide on how to diversify and protect your retirement savings. In it, you’ll learn how to protect yourself from surging National Debt... a weakening U.S. Dollar... stock market downturns... and much more. Get your guide here. | SPONSOR |
| |
| | |
| | | Thunderclap Research is a professional investment research firm focused on understanding and profiting from market anomalies. | We take both a quantitative and qualitative approach to research and focus extensively on strategies for established money managers and everyday retail investors. | We are a small, self-funded team of real humans going up against the hype-filled, sensational news outlets in the world. You can check out a selection of our other publications below. | | CoinSnacks Digestible crypto news. | | Subscribe |
| | Gold Playbook All your gold investing news in a single daily email. | | Subscribe |
| |
| | | | | | | Update your email preferences or unsubscribe here © 2023 Stocks & Income 494 Pelican Ln South
Jupiter, Florida 33458, United States of America | |
|
|
|
|
|
