It's that time again for a fresh scoop on all things money and markets, and boy, do we have a mixed bag of news for you. First up, the Dow Jones decided to shake off its three-day losing streak in style, scoring a cool 500 points in a Monday rally – it's like the stock market's version of a superhero comeback!
Then, over in Apple Land, they hosted a 'Scary Fast' event, and guess what they unveiled? New products, of course! But the real kicker was the 1.2% stock bump, and you won't believe just how fast "scary fast" can be.
And then there's WeWork, which might be facing a little financial fright of its own. Rumor has it; they're thinking of filing for bankruptcy next week. It's like the plot of a financial thriller – will they make a comeback or take a different route?
Lastly, we've got the scoop on two stock-split stocks that could be the next big rockets to the moon. If you're looking for your ticket to the bull market express, you'll want to stick around for this one!
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Dow Jones Notches 500 Points as Monday Rally Breaks 3-Day Losing Streak (2 minute read) Dow Jones and its buddies decided to flip the script on last week's gloomy vibes and emerge as the cool kids on the block ahead of what's shaping up to be a super hectic week. The Dow shook off a three-day losing streak, while its partners in crime, the S&P 500 and Nasdaq Composite, did a 180-degree flip, each surging by 1.2% after taking a nosedive into correction territory.
Oh, and don't forget the Federal Reserve – they're throwing a party on Wednesday, and everyone's expecting them to keep interest rates steady. They'll even have Jay Powell giving a speech to spice things up. And on Friday, we'll all be glued to our screens, dissecting October's job data (the nonfarm payrolls) like it's a secret recipe for the Fed's monetary policy changes.
Apple Stock Adds 1.2% as ‘Scary Fast’ Event Unveils New MacBook Pros, M3 Chips (2 minute read) Three days ahead of Apple's much-anticipated Q3 update, where they're expected to unveil their fourth consecutive revenue decline (uh-oh), we got a sneak peek at the M3-powered iMac and MacBook Pro models. And guess what? Apple's stock (AAPL) had a little bounce, up 1.2% to kick off the week. The tech giant hosted a special event hilariously dubbed 'Scary Fast,' and it wasn't all just spooky vibes. They pulled back the curtain on their third-generation M3 processors, set to rock the updated iMac and MacBook Pro. The Apple techies even had the audacity to claim these new chips are 40% to 80% faster than the original M1 series.
2 Stock-Split Stocks That Could Skyrocket in a Bull Market (5 minute read) Amazon (AMZN) and Alphabet (AAPL), those tech giants we all know and love, have decided to dive headfirst into the world of AI, and it's looking like a promising adventure. They're betting on this AI thing to be a big growth driver, and you know what? It might just be. These two heavy hitters even did the stock splits dance last year after their shares went on a wild ride to the moon and back. With the market currently in the mood for some growth, who knows, their share prices might just take off like rockets.
WeWork plans to file for bankruptcy as early as next week (5 minute read) Well, it seems WeWork (WE) might be pulling out the bankruptcy card next week, according to a little birdie in the know. The company, backed by the SoftBank Group, is buried under a mountain of debt and heavy losses, and they're looking to hit the reset button. As you can imagine, this didn't sit well with the stock market, and shares of WeWork took a whopping 32% dive in after-hours trading, making it a total drop of about 96% for them this year. Looks like WeWork is eyeing a Chapter 11 petition in New Jersey as its potential escape plan, as reported by the Wall Street Journal.
The New I Bonds Rate Is 5.27% — Is It a Good Time to Buy? (5 minute read) Hey, guess what's making a comeback? Those good old Series I savings bonds from Uncle Sam! It seems like they're back in fashion because the interest rates are climbing. The Department of the Treasury just spilled the beans, and the new rate for I bonds set to roll out from November 2023 to April 2024 is a cool 5.27%. That's a significant bump from the 4.30% rate we've been seeing for the past six months. Looks like it's time to dust off those piggy banks and consider some government-backed savings action!
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WEWORK $WE PLANS TO FILE FOR BANKRUPTCY AS EARLY AS NEXT WEEK - WSJ